Why BMG Money is the best option?
BMG Money emergency loan programs allow you to borrow responsibly, and repay debt in affordable installments.
Why select our government employee loans?
BMG Money’s allotment loans for federal employees allow you to borrow responsibly. Repayment is handled in affordable installments, via your existing payroll.
Affordable and Automated
Bi-Weekly allotments payments
guarantee that you are always on time.
Build Your Credit
We report federal employee loan payments to the credit bureaus which aids in establishing credit.
Take Advantage of additional resources,
from discounts on goods and services to free credit education.
Apply if you live here
Frequently Asked Questions
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.
Your money is generally available 1-2 business days after you are approved, depending on your chosen funding method.
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, Delaware, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Montana, New Hampshire, New Mexico, North Dakota, 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 03/05/2019 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.