We believe in complete transparency. Here’s everything you need to know about our loan products for federal and USPS employees.
Simple, transparent terms. No hidden fees. No surprises.
Federal Employee Loans operates as a consumer installment lender licensed in applicable states. Our specific interest rates and fees vary based on loan amount, repayment term, state of residence, and individual applicant circumstances.
To receive your exact rate and repayment schedule, please complete an application. You will receive a loan offer including your specific APR, payment schedule, total finance charge, and all terms as required by the Truth in Lending Act (TILA) before you are asked to sign anything.
All loans are subject to approval. There is no obligation to accept any loan offer. Applying does not affect your credit score.
When comparing federal employee loan rates, it’s important to understand how allotment loans differ from traditional personal loans, payday loans, and credit cards. Because allotment loans are repaid through your federal payroll system, lenders face significantly less risk — and that reduced risk typically translates to more affordable rates and better approval odds for borrowers.
All of our loans are governed by the Truth in Lending Act (TILA), a federal law that requires lenders to clearly disclose the cost of credit before you sign any agreement. This includes:
You will receive and must sign a TILA disclosure before your loan is funded. This gives you complete transparency about what you’re agreeing to.
Your monthly allotment amount is calculated based on the loan amount you borrow, the interest rate applied to your loan, and the repayment term you select (6 or 12 months). Repayment is structured as equal installments deducted from each paycheck until the loan is satisfied.
For example: a 12-month loan at a given rate would result in a fixed monthly allotment deducted automatically from your paycheck. Because the allotment amount is fixed and automatic, there are no missed payments and no late fees.
Contact our team at (855) 236-1976 to ask about your specific loan terms regarding early payoff. We are committed to fair and transparent lending practices for all of our federal employee borrowers.
Federal Employee Loans is licensed as required by applicable state laws. We lend to federal employees nationwide and comply with all federal and state consumer lending regulations. For specific licensing information by state, please see our Licenses page.