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Loan Programs

Benefit Category: State

The Veterans Aid Fund is a permanent fund to be used solely for the purpose of making loans to veterans or their widow/widowers.

To qualify, the applicant is required to be:

  • a peacetime veteran
  • a wartime veteran
  • National Guard with active duty [as defined in NDCC 37-14
  • or unremarried widow/widower of an eligible veteran

AND

  • a resident of North Dakota for at least one year
  • and have the financial ability to make payments

The maximum loan amount is $5,000. The interest rate is 8% per annum. Time limit can be from six months to 48 months.

One half of the interest paid will be refunded provided the loan is repaid under the agreed upon terms.

The Department has the right to take legal action to collect on delinquent loans.

Contact your Veterans Service Officer to apply.

Discharge Requests

Most Veteran’s benefits require that applicants provide a copy of their Form DD 214 or discharge record, which is evidence of their veteran status. This is an important document and must be safeguarded. In the State of North Dakota separation documents are considered confidential and privileged NDCC 37-18-11 (13). National Guard members may receive a NGB22 and /or NGB23 upon obtaining 20 years of satisfactory service (20 year letter).