SCRA Savings Calculator

Add your accounts to estimate how much you could save with SCRA interest rate protections.

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Federal SCRA caps rates at 6%. Some lenders (like Chase) voluntarily offer 4%.

Account Type

Balance

Current Interest Rate (%)

Months on Active Duty

Your Accounts

Your Savings

Total Potential Savings

during your service period

Accounts Added

Total Balance $

Rate Cap Applied

Monthly Savings $

Annual Savings $

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How SCRA Interest Rate Protection Works

The Servicemembers Civil Relief Act (SCRA) caps interest rates at 6% on debts incurred before entering active duty military service. This federal law applies to all branches of the military, including the Army, Navy, Air Force, Marines, Coast Guard, and Space Force.

What Debts Qualify for the 6% Cap?

Credit cards — All major issuers must comply, including Chase, Capital One, Amex, Discover, and Citi
Auto loans — Car loans and vehicle financing opened before active duty
Mortgages — Home loans, including VA loans opened before service
Student loans — Both federal and private student loans qualify
Personal loans — Unsecured loans and lines of credit

Lenders Offering Better Rates

While the federal SCRA caps rates at 6%, some lenders voluntarily offer even better rates. Chase offers a 4% cap on qualifying accounts. Navy Federal, Capital One, and Bank of America also offer enhanced SCRA programs—check with your specific lender.

How to Claim Your SCRA Benefits

Gather your military orders showing your active duty start date
Contact each lender in writing to request SCRA benefits
Request both the rate reduction AND a retroactive refund of excess interest
Follow up if you don't receive confirmation within 30 days

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One $59 filing covers every lender. We handle letters, tracking, and follow-ups.

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Frequently Asked Questions

The average servicemember saves $2,400-$4,800 per year with SCRA interest rate protection. Your actual savings depend on your loan balances, current interest rates, and how long you're on active duty. For example, a $15,000 credit card balance at 22% APR would save you $200/month when reduced to 6%.

The SCRA 6% cap applies to credit cards, auto loans, mortgages, student loans, and personal loans that were opened BEFORE your active duty start date. Debts incurred after entering active duty are covered by the Military Lending Act (MLA), which has different protections.

Yes, joint debts with your spouse qualify for SCRA protection. Individual debts in only your spouse's name generally do not qualify unless they can show the servicemember's income was the primary source for repayment.

SCRA interest rate protection lasts for the entire duration of your active duty service. For mortgages, protection extends for one additional year after you leave active duty. You must request benefits within 180 days of leaving service.

Yes! Under SCRA, lenders must forgive (not defer) interest above 6%. This means you're entitled to a retroactive refund of excess interest charged since your active duty start date. Use our Retroactive Refund Calculator to see how much you may be owed.

Why DIY When We Do It All?

Most people give up after one rejected request. We don't. For one $59 filing fee, we contact ALL your creditors, send certified letters, track responses, and follow up until you get every dollar.

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