Discounts Some credit unions, banks, or online lenders offer additional discounts for veterans. For example, some credit unions may offer cheaper car insurance, savings on car rentals, or autopay discounts.
Interest rates Many veteran loan lenders will help borrowers with average or poor credit, but you’ll still want to compare interest rates to find the best one. The better your score, the lower your rate, but look for rates that have maximums or caps to ensure you won’t pay more than you can afford.
Customer support Customer service and support can make a huge difference if you have questions or encounter challenges with payments during your repayment period. Check out the lender’s customer service ratings and reviews to ensure it’s a good fit.
Loan limits Make sure the lender offers loan amounts that fit your needs.
Loan terms While longer repayment terms give you a lower monthly payment, you’ll also end up paying more in interest over the life of the loan. Shorter terms have higher monthly payments, but you’ll save money over time. Make sure you qualify for repayment terms with monthly payments you can afford.