Payroll deduction installment loans for employees of BMG Money's 1,000+ partner employers — including hospitals, school districts, government contractors, and more. No FICO check. Repaid automatically every payday.
BMG Money's LoansAtWork program provides allotment loans to employees of partnered private-sector and quasi-governmental employers. Repayments are automatically deducted from your paycheck before you receive your net pay — just like health insurance or 401(k) contributions.
Because repayment is guaranteed through payroll, BMG Money can approve borrowers who might be denied by traditional banks, and offer competitive rates to workers in stable employment facing credit barriers.
Full pricing transparency with no hidden fees beyond the one-time 5% origination fee.
| Loan Amount | Term Range | APR Range | Origination Fee |
|---|---|---|---|
| $500–$2,000 | 6–18 months | 19.99%–35.99% | 5% one-time |
| $2,001–$6,000 | 12–36 months | 19.99%–35.99% | 5% one-time |
| $6,001–$12,000 | 24–48 months | 19.99%–35.99% | 5% one-time |
Example: $3,000 / 52 biweekly payments of $76.00 = 31.35% APR. Total repayment ≈ $3,952. Loans made by WebBank, Member FDIC, or BMG LoansAtWork, Inc.
Many employees in financial emergencies turn to payday lenders like Speedy Cash — unaware of the true cost. The CFPB estimates the average payday loan APR is nearly 400%. A $400 payday loan can cost $460 in just two weeks — and fees compound quickly if you can't repay in full.
BMG Money allotment loans carry APRs of 19.99%–35.99%, spread over 6–48 months through automatic payroll deduction. The difference in total cost is enormous.
Payroll deduction is the safest repayment method — deducted before you see your paycheck, so late payments are structurally impossible.
5-minute application. Verify your employer partnership and employment details.
Review exact APR, payment schedule, and total cost. E-sign when ready.
Instant via debit card or ACH in 1–2 business days. Use funds immediately.
Deducted from every paycheck. Loan closes on schedule — reports to all 3 bureaus.