Fast and secure loans for your employees

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

LEARN MORE

Fast and secure loans for your employees

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

LEARN MORE
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Better Business Bureau Rating - A+
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Why BMG Money is the best option for your employees?

BMG Money offers emergency loan programs that allow your employees to borrow responsibly and repay debt in affordable installments.

No FICO Credit Score Required

FICO credit score will not be a factor when determining if they qualify for a loan.

Easy Application

Easy application process. Can be done in less than 5 minutes from any device.

A+ Rating

Build Your Credit History

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

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

By avoiding payday lenders, our customers have saved approximately*

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

By avoiding 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’ FICO 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

Rate Cost and Access Ending Balance
Payday Loans 266% $510 YES.
Anyone with a job
$0
Credit Cards 25%
Compounded
$88 NO.
Good credit required
$467
LoansAtWork 23.99%* $58 YES
At least 1 year at job
$0
Credit Union
Platinum Credit Card
18% $51 NO
Good credit required
$440
Credit Union
Signature Loan
16% $23 NO
Minimum credit score
$0

Apply if you live here

OR WA CO UT CA AZ NM TX OK MO OH MI PA AL GA FL SC TN MD

Customer Reviews

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.

Customer Reviews

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.

See All Reviews

Frequently asked questions

How do I know that I am eligible?

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. To see if your employer qualifies, click here https://www.bmgmoney.com/apply-now/ terms and conditions may apply.

How soon can I get my money?

Your money is generally available 1-2 business days after you are approved, depending on your chosen funding method.

How does this application affect my credit score?

We do not pull credit reports however we do report your credit payments to the credit bureaus.

*Disclaimer
* Fixed simple interest rate based upon employer client agreement and loan amount: 23.75% to 29.75% per year; one-time fee ranging from $0-$50 added to loan (depending on applicant’s employer). Pre-qualification conditions: 1) Applicants must reside in one of the following states Alabama, Arizona, California, Colorado, Florida, Georgia, Maryland, Michigan, Missouri, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Tennessee, Utah, Washington, Washington DC or Wyoming. 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. 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.