The MILES Program has lowered their interest rates in both their E1-E4 program and their E5+ program.

The Standard E1-E4 program has changed from 18.45% to 16.95%.

The Stripes E5+ program has changed from 17.45% to 15.45%.

This is a 3-month trial for MILES to see if lowering their interest rates results in increased loan originations.

It is possible to get lower interest rates with MILES if you have a large down payment. MILES is not designed for soldiers with good credit. It is designed for service members that cannot get better loans elsewhere. Typically, MILES customers would qualify for interest rates in the twenties if the MILES Program did not exist.