LoansAtWork

*Disclaimer
* Fixed simple interest rate based upon employer and loan amount: 23.75% to 29.75% per year; one-time fee ranging from $0-$50 added to loan; and loan amounts ranging from $500-$10,000 (depending on applicant’s employer and state of residence). Applicants must: 1) reside in Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Maryland, Michigan, Missouri, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington DC or Wyoming. 2) currently be employed by one of our employer clients; and 3) have a minimum of one full year of employment with their current employer.

For example, a $3,000 loan with a 23.99% fixed annual interest rate and a $25 origination fee will be repaid through 52 bi-weekly payroll deduction installment payments over two years, will have an APR of 24.78% and a bi-weekly payroll deduction installment payment of approximately $74 (assumes a 08/10/2018 loan execution date). Other terms and conditions may apply, and your loan may vary depending upon loan execution date, actual payroll deduction schedule, state of residence, employer, etc. Not all applicants will qualify for a loan. Approval time may vary if additional documents are required. Customer testimonials and reviews reflect individuals’ opinions and may not be illustrative of all individual experiences.

LoansForFeds

* Fixed simple interest rate ranging from 24.00% – 32.00% per year and a one-time fee ranging from $0-$59 may be added to the loan (interest rate and fee are dependent on applicant’s state of residence). Pre-qualification conditions: 1) Applicants must reside in one of the following states Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Maryland, Michigan, Missouri, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington DC or Wyoming. 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 25 bi-weekly allotment installment payments in one year, will have an APR of 32.29% and a bi-weekly allotment installment payment of approximately $95 with a total payback amount of approximately $2,375 (assumes a 03/05/2018 loan execution date). Other terms and conditions may apply including, but not limited to loan execution date, allotment schedule, income, state of residence, etc. Not all applicants will qualify for a loan. Approval time may vary depending if additional documents are requested. Customer testimonials and reviews reflect individual’s opinion and may not be illustrative of all individual experiences with BMG Money.

LoansForAll

* Fixed simple interest rate ranging from 24.00% – 32.00% per year and a one-time fee ranging from $0-$59 may be added to the loan (interest rate and fee are dependent on applicant’s state of residence). Pre-qualification conditions: 1) Applicants must reside in one of the following states Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Maryland, Michigan, Missouri, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington DC or Wyoming. 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 or ACH installment payments. For example, in Florida a $2,000 loan with a one-time fee of $25 will be repaid through 25 bi-weekly split direct deposit or ACH installment payments in one year, will have an APR of 32.29% and a bi-weekly split direct deposit or ACH installment payment of approximately $95 with a total payback amount of approximately $2,375 (assumes a 03/05/2018 loan execution date). Other terms and conditions may apply including, but not limited to loan execution date, pay schedule, income, state of residence, etc. Not all applicants will qualify for a loan. Approval time may vary depending if additional documents are requested. Customer testimonials and reviews reflect individual’s opinion and may not be illustrative of all individual experiences with BMG Money.

Savings Estimate

* 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.

Interest Rate Match Policy

*Our interest rate match policy applies only to loans made by BMG Money, Inc. or BMG LoansAtWork, LLC, intended to be repaid by payroll allotment, to employees of the U.S. federal government (non-Department of Defense) residing in Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Kansas, Maryland, Michigan, Missouri, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington DC or Wyoming.

We are so confident in the competitiveness of our interest rates that we will beat an annual interest rate presented by certain other lenders by 0.10 percentage points (0.10%), if the other lender and its loan and interest rate meet the terms and conditions described below:

Terms & Conditions:

  • The lender’s interest rate offer must be generally available to all of its customers without regard to their credit risk profile (so that pre-screened offers of credit, risk-based priced loans, loans which require a credit check or minimum credit score, or other special, limited lending programs do not qualify).
  • BMG Money, Inc. or BMG LoansAtWork, LLC, as applicable, will offer an annual interest rate that is 0.10 percentage points (0.10%) below the specific rate offered by such competing lender.
  • The other lender must be a licensed finance company, finance lender or other non-bank lender.  The other lender may not be a bank, credit union or other depository institution.
  • The interest rate offered by the other lender must be for a closed-end, installment loan in an amount of $500 to $3,000, with a loan term from 6 to 24 months.
  • The loan offered by the other lender must be intended for personal, family or household purposes.
  • The other lender’s loan payment method must be via payroll allotment.
  • The loan offered by the other lender must be an unsecured loan – it cannot be secured by a deposit, cash, a vehicle, a home, or any other real or personal property.
  • This offer applies to fixed-rate loans only.  Variable-rate loans do not qualify.
  • You need to be approved for the other lender’s interest rate.
  • The lender’s interest rate must not be supported by any third-party arrangements such as subsidized rate offerings.
  • You need to supply us with evidence, to our satisfaction, that the other lender’s interest rate meets the terms and conditions described here.  This could include an approval letter, loan document containing the interest rate, or other documentation we find sufficient.  Such evidence must be provided prior to applying for a loan from BMG Money, Inc. or BMG LoansAtWork, LLC, and must be sent to interestrate@bmgmoney.com.
  • This Interest Rate Match Policy applies only to first-time loans from BMG Money, Inc. or BMG LoansAtWork, LLC.  It does not apply to subsequent loans or re-finances.  Limited to one funded loan per person.

This offer expires at 5:00 PM Eastern, Monday, December 31, 2018.  These terms and conditions are subject to change at any time.  We reserve the right to change or discontinue our Interest Rate Match Policy at any time.