Fast and secure loans for your employees

LoansAtWork is an emergency loan program that helps your employees in times of need.

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Why LoansAtWork is the best option?

The LoansAtWork employee benefit program helps employers protect their most valuable assets – their employees – from predatory payday lenders.

BMG Money - Emergency Lending

On-line process

Easy application process. Apply in less than 5
minutes from any device.

BMG Money - Emergency Lending

Build your credit history

Payments are reported to the credit bureaus. This helps build your credit history.

BMG Money - Emergency Lending

Automated repayments

Choose to repay your loan over 6 to 24 months of payroll deductions.

Good for employees

LoansAtWork is an essential and innovative benefit that enables employers to dramatically improve their employees’ financial well-being and help them lead more productive, happier lives – all with no cost or risk to your organization.

BMG Money - Emergency Lending

Significantly cheaper than payday lenders

Our Customers have saved approximately*

Features

LoansAtWork provides short-term employment-based loans to workers in need.

Tremendous Value to Employees
  • Important lifeline for employees too often taken advantage of by predatory payday lenders
  • Employees can manage unexpected expenses, over time, with fixed, affordable payments
  • We do not need to review employees’ credit scores – guaranteeing access to those employees most in need
  • We report loan performance to credit bureaus – payroll deductions ensure timely repayments
Critical Safeguards
  • Loan amounts based upon income, and all employees must complete an on-line budget review
  • Only one loan-at-a-time, only one loan per household
  • Only simple interest – no compounding, and loans are unsecured with no risk to employees’ homes, cars or bank accounts
  • No balloon payments, no late fees, no penalty rates, no pre-payment penalties
Financial Literacy
  • We provide financial literacy training sessions for all employees – whether they are LoansAtWork customers or not
  • No cost to our employer clients or their employees
  • Based on the FDIC’s Money Smart curriculum
  • All customers have free access to the Balance Financial Fitness program – counseling; debt management; workshops; webinars; on-line tools
No Cost / No Risk
  • Our employer clients never pay any fees or costs to offer the LoansAtWork program
  • Our employer clients never bear any risk nor guarantee any loans – when employees separate, our clients have no risk
  • We reimburse our clients for out-of-pocket expenses of any kind
  • No minimum participation requirements; employers may cancel any time; no exclusivity
Ease of Administration
  • Our proprietary technology allow us to manage the program and take on all administrative burden, minimizing impact on our clients
  • We handle all enrollments and eligibility through our simple process
  • We calculate all payroll deductions and manage all loan accounting and servicing
Experience & Qualifications
  • More than 60 employer clients offer LoansAtWork.
  • Funded more than $170 million in loans.
  • Leadership team – each has more than 10 years in the payroll-deduction loan business

Market Options

COMPARE OPTIONS FOR A 6-MONTH $500 LOAN

RateCost and AccessEnding Balance
Payday Loans266%$510YES.
Anyone with a job
$0
Credit Cards25%
Compounded
$88NO.
Good credit required
$467
LoansAtWork23.99%*$58YES
At least 1 year at job
$0
Credit Union
Platinum Credit Card
18%$51NO
Good credit required
$440
Credit Union
Signature Loan
16%$23NO
Minimum credit score
$0

What our customers say?

BMG Money Customer Reviews from Trust Pilot - Quaneesha

Job Pierre-Louis was very friendly helpful, he made the loan process very easy. I was in and out within 10 minutes.

Quaneesha B.
BMG Money Real Client Reviews - Jennifer

...Within 5 minutes documents were uploaded and i was approved. he just made my day/week. couldn't thank him and BMG enough!

Jennifer R.
BMG Money - Emergency Lending

This loan is going to help me with so much I got going on right now!

Tasia D.
Trust Pilot - Real Customer Reviews - Patrick S

They have not only helped me with 2 loans but have also help to improve my credit score by reporting my payment history. Thanks BMG you have a life time customer with me!

Patrick S.
google reviews (Bmg)
Better Business Bureau Rating - A+
TrustPilot Reviews Logo - Green
facebook reviews (bmg)