From a 5-minute application to funds in your account — BMG Money's allotment loan process is fast, fully transparent, and built around your federal paycheck or retirement income.
Every BMG Money loan follows the same five steps. The whole journey — application to funded — typically takes 1–2 business days.
5-minute form — no hard FICO pull. Provide your employment or retirement status, income, and desired loan amount. Zero impact on your credit score.
Receive a personalized offer showing your exact approved amount, fixed APR, payment schedule, and total cost. All terms are locked — no surprises later.
E-sign your agreement and set up your repayment method — federal allotment, employer payroll deduction, or ACH bank debit depending on your program.
Instant to a linked debit card, or ACH deposit in 1–2 business days. Funds go directly to your bank account — no checks, no delay.
Your payment is deducted automatically every pay period — no due dates to track, no bills to pay. Every on-time payment is reported to Equifax, Experian, and TransUnion, helping build your credit history for the life of the loan. When the final payment is made, the allotment or debit is cancelled automatically.
The federal allotment system is the cornerstone of BMG Money's lending model. An allotment is a pre-authorized deduction from your federal salary or retirement benefit — the same mechanism used for FEHB health insurance premiums, FEGLI life insurance, and TSP savings contributions.
By attaching loan repayment to this system, BMG Money can offer credit to borrowers who might not qualify elsewhere, at rates far below what payday lenders charge — because the repayment risk is structurally eliminated at the payroll level.
The repayment method depends on which BMG Money program you qualify for — all are automatic.
Deducted via OPM or DFAS before your paycheck arrives. Filed directly with your agency payroll system — identical to FEHB or TSP contributions.
Learn about LoansForFeds →BMG Money works with your HR/payroll department to deduct each payment before your net pay is deposited — like a health insurance premium.
Learn about LoansAtWork →Retirees: pension deducted via OPM or DFAS. LoansForAll borrowers: automatic ACH bank debit on each scheduled payment date.
Learn about Retiree Loans →Adjust the sliders to see an estimated payment for your loan amount, term, and APR. Your actual rate is determined upon approval — all BMG Money rates are fixed.
