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Military Heroes Fund

Interest-Free Loan

Interest-Free Loans, known as Asset Recovery Kit Loans, provide a no-interest alternative to predatory lending for active duty, reserve, and National Guard military. Through Interest-Free Loans, one can borrow up to $500 with a flat fee of $5 and no interest for one month.

What You’ll Need

• No credit report is pulled because those with emergency cash needs have already exhausted their options.
•  No interest is charged, just an application fee of $5. With Interest-Free Loans, you don’t fall further into debt.
• Immediate cash loans for up to 80 percent of net pay (not to exceed $500) are available for one month.
• There’s minimal paperwork just a simple one-page form.
• It’s completely confidential, meaning we don’t tell anyone who has come to see us.
•  Up to three loans in six months are available, but after the first Interest-Free Loan, the recipient must sit down with a local Consumer Credit Counselor identified by the foundation.

What We Support

Active duty, reserve, and National Guard military are eligible.

Eligibility Requirements