What The AFAS Falcon Loan Can Help With
The Falcon Loan from the Air Force Aid Society is intended for a more focused spectrum of emergency situations such as emergency financial help with rental or utility assistance. The Air Force Falcon Loan is also appropriate for:
- Child Care Expenses
The AFAS Falcon Loan program is a streamlined process to provide Active Duty Air Force Members and Air Force Reserve with expedited financial assistance for financial emergencies. Less information is required to apply for this loan, but the loan amount cannot exceed $1,000.
The Falcon Loan was created as a complement to the AFAS Standard Assistance program. Receiving a Falcon Loan does not make an Airman ineligible to receive Standard Assistance if another financial emergency occurs while working to repay a Falcon Loan. For more on AFAS Emergency Loan and Grant information please view Which Loan Is Right For Me page.
- Active duty Air Force personnel (including spouses with Power of Attorney when the service member is away from his/her duty station)
- Air National Guard or Air Force Reserve personnel on extended active duty over 15 days under Title 10 USC (assistance is limited to emergencies incidental to, or resulting from applicant’s active duty tour)
- Service members with no existing outstanding loan balance to AFAS
How To Apply
To start the process, submit a Falcon Loan application online in the AFAS Portal. Once your online application has been submitted, take your Air Force ID Card, as well as a current Leave and Earning Statement to your Airman & Family Readiness Center to complete the loan request.
Falcon Loans are structured to be repaid in full within 12 months. All Falcon Loans are repaid by allotment, which must run between a minimum of 3 months and a maximum of 12 months (if ETS is less than 12 months out, then repayment must conclude by ETS date).
Title 10 USC AFRES/ANG personnel will be asked to complete a Paymatic Authorization Form in the event allotment cannot be started.
My dad was hospitalized in Boise, ID and the doctors didn’t think he would make it. AFAS made sure I could get out there to be with him for a few days. Dad made a full recovery and is back to living on his own. I look forward to donating to AFAS through the next AFAF Campaign.
SSgt Clyde Buell, USAF
SrA Nicole Thompson, USAF