Personal loans designed specifically for federal civilian and military retirees — repaid automatically through your monthly pension or retirement pay allotment. No FICO check. No collateral required.
BMG Money retiree loans are available to individuals receiving qualifying retirement income from any of the following sources.
Retired employees of U.S. federal agencies under FERS or CSRS receiving regular monthly OPM pension disbursements.
Retired members of the U.S. Armed Forces — Army, Navy, Air Force, Marines, Coast Guard, Space Force — receiving DFAS military retired pay.
Retired United States Postal Service employees under the CSRS Offset or FERS postal retirement systems receiving regular pension payments.
Surviving spouses and beneficiaries receiving federal survivor annuity payments may qualify depending on income level and state availability.
BMG Money retiree loans are available in 33 states + DC. Subject to income verification and state availability. Check your state →
The same trusted allotment system used for federal health insurance premiums and life insurance — now extended to personal loan repayment.
Online application in minutes. Retirement income verified — no hard FICO check.
BMG Money establishes allotment authorization with OPM, DFAS, or your retirement system.
Instant to debit card or ACH in 1–2 business days. Funds are yours immediately.
Deducted from pension before deposit — no bills, no risk of missing a payment.
Fixed-rate loans with no prepayment penalty. All rates are transparent with no hidden fees.
| Loan Amount | APR Range | Term Options | Est. Biweekly Payment |
|---|---|---|---|
| $500–$999 | 19.99%–35.99% | 6–18 months | ~$20–$50 |
| $1,000–$2,999 | 19.99%–35.99% | 12–36 months | ~$35–$90 |
| $3,000–$6,999 | 19.99%–35.99% | 24–48 months | ~$76–$160 |
| $7,000–$10,000 | 19.99%–35.99% | 36–60 months | ~$145–$260 |
Example: $3,000 / 52 biweekly payments of $76.00 = 31.35% APR including 5% origination fee. Loans made by WebBank, Member FDIC.
Most lenders evaluate applicants on active employment income. BMG Money understands that retirement income from OPM or DFAS is as stable — or more stable — than a regular paycheck. That's why our underwriting gives retirees a fair evaluation.
