LoansAtWork

*Fixed simple interest rate based upon employer client agreement and loan amount: 23.75% to 29.75% per year; one-time fee ranging from $25-$50 added to loan (depending on applicant’s employer). Pre-qualification conditions: 1) Applicants must reside in one of the following states AL, CA, FL, GA, MI, MO, OH, TX, or UT 2) currently employed by one of our employer clients, 3) and a minimum of one full year of employment.
Repayment will be made through payroll deduction installment payments. For example, for a $3,000 loan repaid through 52 bi-weekly payroll deduction installment payments in two years will have an APR of 23.92% and a bi-weekly payroll deduction installment payment of approximately $73 (assumes a 09/29/2017 loan execution date, and specified employer). Other terms and conditions may apply including, but not limited to loan execution date, payroll deduction schedule, state of residence, employer, etc. Not all applicants will qualify for a loan.

LoansForFeds

Fixed simple interest rate ranging from 25% – 32.00% per year; one-time fee ranging from $25-$50 (depending on applicant’s state of residence) is added to the loan. Pre-qualification conditions: 1) Applicants must reside in one of the following states AL, CA, FL, GA, MI, MO, OH, TX, or UT 2) currently employed by the federal government, 3) and a minimum of one full year of employment.
Repayment will be made through allotment installment payments. For example, in Florida a $2,000 loan with a one-time fee of $25 will be repaid through 26 bi-weekly allotment installment payments in one year, will have an APR of 32.02% and a bi- weekly allotment installment payment of approximately $91 (assumes a 02/08/2018 loan execution date). Other terms and conditions may apply including, but not limited to loan execution date, allotment schedule, state of residence, etc. Not all applicants will qualify for a loan.

LoansForAll

Fixed simple interest rate not to exceed 29.90% per year; one-time fee ranging from $25-$50 (depending on applicant’s state of residence) is added to the loan. Pre-qualification conditions: 1) Applicants must reside in one of the following states AL, CA, FL, GA, MI, MO, OH, TX, or UT 2) currently employed by one of our selected employers 3) and a minimum of one full year of employment.
Repayment will be made through split direct deposit payments. For example, for a $3,000 loan repaid through 26 bi-weekly split direct deposit payments in one year will have an APR of 28.92% and a bi-weekly split direct deposit installment payment of approximately $135 (assumes a 09/29/2017 loan execution date). Other terms and conditions may apply including, but not limited to loan execution date, allotment schedule, state of residence, employer, etc. Not all applicants will qualify for a loan.

 

* Savings estimate on the www.bmgmoney.com homepage is intended to provide a rough estimate of the approximate amount saved to date by BMG Money’s customers. It is based upon a series of assumptions and compares that actual costs of BMG Money loans with the amount that our customers may have paid for other loans available in the market (the information on other loans is based upon Consumer Financial Protection Bureau Data Point: Pay Day Lending (March 2014), available here: https://www.consumerfinance.gov/data-research/research-reports/cfpb-data-points-payday-lending/. The estimate utilizes a calculated formula, however, the tool only provides a statistical estimate, reflects today’s dollars, and does not account for inflation. No liability will be accepted for any loss or damage suffered as a consequence of any use of or purported reliance upon the estimate. BMG Money is not responsible for any actions you might take or not take based upon use of this tool, or the ultimate results that arise from your actions. The estimate is in no way intended as either a promise of or contract for a given loan cost.