AFAS provides two distinct interest free loans to aid Airmen and Air Force Families when unexpected monetary emergencies arise. The AFAS Falcon Loan offers an expedited, fast loan approval process for loan amounts as much as $1,000.
If more crisis economic assistance is required AFAS also provides a no interest Standard Assistance loan for greater quantities. Before making a decision which loan to utilize for, have a brief moment to compare details for both AFAS Standard Assistance in addition to AFAS Falcon Loan.
Standard Assistance FAQ
AFAS Standard Assistance provides no-interest loans (and sometimes grants according to scenario) as an answer to greatly help Airmen resolve unexpected monetary emergencies and work towards achieve lasting stability that is financial. Standard Assistance loans or grants are meant to support an urgent situation financial predicament, not to ever be a long-term remedy for continued budget shortfalls.
What forms of crisis situations are included in Standard Assistance?
Basic expenses that are living
Son or daughter Care/Respite care
That is qualified?
Is Standard Assistance offered to Air Force retirees or widow(er)s?
Are Air Force officers qualified to receive Standard Assistance?
I will be a Reserve/Guard user on Title 10 U.S.C. orders, am We eligible for Standard Assistance?
Just Exactly How is Standard Assistance repaid?
Air National Guard and Air Force Reserve people serving on Title 10 USC submit electronic Paymatic types to pay for via a checking or family savings whenever an allotment can’t be started.
Loans are paid back within one year and don’t exceed a couple of years. All loan payment is usually to be finished in the memberâ€™s present enlistment.
How can I obtain Standard Assistance?
Then you can visit another Service Relief Agency or call the American Red Cross at 877-272- 7337 if you are not located near an AFB installation with an A&FRC.
You might have to confidentially discuss the foundation of monetary difficulty having an AFAS caseworker, along with present a spending plan, included in the application for the loan procedure.