What do I need to qualify for a BMG Money loan?

To qualify for a BMG Money loan you generally need: (1) active federal civilian or military employment, or federal retirement status; (2) your employer must participate in BMG Money's allotment program; (3) you must be located in one of 33 eligible states plus DC; and (4) you must have a verifiable income through payroll or retirement annuity. No minimum FICO score is required.

Does BMG Money require a credit check?

BMG Money performs a soft credit pull only — this does not affect your credit score. There is no minimum FICO score requirement. Your employment status and agency participation are the primary eligibility factors.

Can part-time federal employees get a BMG Money loan?

Eligibility for part-time federal employees depends on whether their agency participates in the allotment program and whether the part-time allotment structure is compatible with BMG Money's payroll deduction process. Contact BMG Money at 1-800-316-8507 to verify eligibility.

What states is BMG Money available in?

BMG Money is available in 33 states plus the District of Columbia. States not currently served include some with restrictive consumer lending laws. See our full states guide for the complete list.

BMG Money Requirements 2027: Who Qualifies? Eligibility Checklist

Key Requirement: You must be a current federal employee, active-duty military member, or federal retiree — and your employer must participate in BMG Money's allotment program. No minimum credit score required.

BMG Money Eligibility Checklist

Before applying, run through this checklist to see if you qualify:

✅

You are a current federal civilian employee — active, full-time (most agencies)

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OR you are active-duty U.S. military — Army, Navy, Air Force, Marines, Coast Guard, Space Force

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OR you receive a federal retirement annuity — FERS, CSRS, military retired pay, USPS retiree

✅

Your agency participates in BMG Money's allotment program — confirms payroll deduction is possible

✅

You reside in an eligible state — 33 states + DC (see full list)

✅

You have a U.S. bank account — for ACH direct deposit of loan funds

✅

You are 18 years of age or older

No Minimum Credit Score

BMG Money does not have a minimum FICO credit score requirement. They do not perform a hard credit inquiry. The application uses a soft pull that does not affect your credit score. Your primary qualification criteria are:

Your employment status (active federal employee or retiree)
Your agency's participation in the allotment program
Your state of residence
Sufficient disposable income to accommodate the loan payment within your paycheck allotment limits

Eligible Employee Categories

Federal Civilian Employees (LoansForFeds / LoansAtWork)

This is BMG Money's largest borrower group. Eligible employees include those at:

All cabinet-level federal agencies (DoD, VA, DHS, Treasury, DOJ, State, etc.)
Independent agencies (SSA, CFPB, FTC, EEOC, etc.)
U.S. Postal Service (USPS) — both craft and management
Federal law enforcement agencies (FBI, DEA, ATF, TSA, CBP, Border Patrol)
Federal courts system employees
Congressional employees (certain positions)

Active-Duty Military (LoansAtWork Military)

Active-duty service members of the six uniformed services paid through DFAS may be eligible, subject to the Military Lending Act (MLA). MLA caps the Military Annual Percentage Rate (MAPR) at 36% for covered transactions.

Federal Retirees

Retired federal employees receiving pension annuities from:

Federal Employees Retirement System (FERS)
Civil Service Retirement System (CSRS)
Military Retired Pay (DoD)
USPS Retirees on annuity

Annuity deductions are processed through the Office of Personnel Management (OPM).

What BMG Money Does NOT Require

No minimum FICO credit score
No hard credit inquiry
No home ownership or collateral
No co-signer or co-borrower
No minimum years of employment (most programs)
No proof of specific income amount (verified through agency)

Who Does NOT Qualify

Private sector employees — BMG Money only serves federal/qualifying government workers
State and local government employees — unless their specific agency has a BMG Money partnership
Self-employed individuals — no payroll allotment possible
Residents of ineligible states — not currently available in all 50 states
Veterans not actively receiving retirement pay — VA disability alone may not qualify

Required Information for Your Application

Have the following ready when you apply:

Social Security Number
Date of birth
Current employer / agency name
Employee ID or personnel file number (some agencies)
Bank account and routing numbers for fund delivery
Desired loan amount and term

Frequently Asked Questions

Federal employment or retirement status, your agency's participation in the allotment program, residence in an eligible state, and a U.S. bank account. No minimum credit score required.

Soft pull only — no hard FICO inquiry. Applying does not affect your credit score.

Possibly, depending on the agency and allotment structure. Call BMG Money at 1-800-316-8507 to verify eligibility for your specific situation.

33 states + DC. See our complete states guide for the full list and state-specific notes.

Sandra J. Morales

Consumer Lending Analyst & Federal Benefits Expert

Sandra has 11 years of experience analyzing consumer loan products and advising government workers. CCCC designation.

BMG Money Requirements 2027: Who Qualifies? Full Eligibility Checklist