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

Was, a great app, they did some updates and kept saying I didn't qualify based off my income, which was the exact income I first qualified with except I had gotten a raise...tried to add additional income and it came back on a weekend with a whole bunch of reasons like too many phone numbers under my name...it's called a family plan...2 many email addresses...I have 2 in case someone hacks my main and I need to send a code to a back up...keeps giving me new excuses to not help...horrible now!

Seems entirely nonfunctional (doesn't get past the personal info section, just loads indefinitely). Also has no option for retired people or disabled veterans recieving benefits (it asks for a mandatory employer in that section from a drop down list). Very bizarre. Also grounds for a 14th Am. lawsuit for denying veterans access to goods and services. Looking forward, BMG.

not able to get in app, everytime I sign it it says it needs to reload

What’s new

Performance: Improvements in system speed and stability.
Bug Fixes: General bug resolutions and optimizations.