BMG Money

BMG Money

About this app

BMG Money is a great loan solution for employees and retirees who are working on improving their credit scores. This app is for new loans for existing customers.

1. Better Loan Offers (4) - Loans ranging from $500-$10,000 & terms from 6-48 months
2. No Credit Score Required (2) - We do not use FICO credit scores when reviewing loan applications
3. Easy Application - Loan offers in minutes from any device
4. Higher Acceptance Rate - When banks say no, we say yes
5. Instant Funding Available (1) - Most borrowers get their loan proceeds deposited in their bank accounts instantly. Loans are automatically paid through allotment, direct deposit, debit card, or payroll deduction.
6. Annual Percentage Rate (APR) ranging from 16.99%-35.99%
7. Loans do not require repayment in full in 60 days or less from the loan issue date
8. If you have been employed for at least one year, are over 18 years of age, are not active in the military and are not in bankruptcy, you may be eligible. Also you must be employed by one of the employers we work with. Access https://app.bmgmoney.com/signup to see if your employer qualifies, terms and conditions apply.
9. Stay informed when you enable notifications
10. Enable Touch ID / Face ID for instant access
11. Earn extra cash by referring BMG Money to your friends and colleagues

Loan example: A 17-month $2,000 loan with a finance charge of $500.06 and a 31.67% APR has 36 bi-weekly installments at $70.00 each, for a total loan cost of $2,500.06.

All loans marketed by BMG Money are made by WebBank, except the loans made to residents of Illinois, Ohio, Rhode Island are made by BMG LoansAtWork, Inc.

Ratings and reviews

Wast of time. the application process is flawed. they review application before they are completed and deny you on the information not completed yet. I received 2 denial emails before I completed my application with no chance to review before submitting. they then put me in a "cool down period" for trying to apply two times in 30 minutes. Terrible waste of time trying to call and talk to someone.

I work for the Department of Defense but when I put my agency name in it says invalid. in fact, despite this being an app for Federal employees it only gives me options for few Florida agencies. they got my personal info already. total scam. waste of time.

Ive been with BMG for about 2 years and they've been great. Until now. They will tell you something and then change it when you decide to move foward. It's really unfortunate because they really were a great company to work with.

What’s new

Improved user experience, general bug fixes and performance enhancements.