Better Loans for Retired Federal
Employees

Personal loans for retired military
& retired federal employees.

Your FICO credit score will NOT be required

BMG Money is the Best Loan Option for Retirees

We offer loan programs that allow retirees to borrow responsibly at a low-cost4.

  • Better Loan Offers4

    Loans ranging from $500-$10,000 & terms from 6-36 months

  • No Credit Score Required2

    We do not use FICO credit scores when reviewing loan applications

  • Easy Application

    Loan offers in minutes from any device.

  • Higher Acceptance Rate

    When banks say no, we say yes.

  • Instant Funding Available1

    Most borrowers get their loan proceeds deposited in their bank accounts instantly

How to apply for a loan from BMG Money?

  1. Search for your employment status

    Type “retired” in the employer search bar

  2. Apply On-Line

    Tell us about yourself and provide required documentation if needed.

  3. Get Your Money

    Sign your loan documents and get your money with instant funding available1

Your FICO credit score will NOT be required or affected

Security Focused

At BMG Money, we make it our priority to protect your privacy and safeguard your information.
  • - We protect accounts with multi-factor authentication, the use of firewalls, and other safeguards.
  • - Our networks are monitored around the clock.

Frequently Asked Questions

Read more FAQs

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 terms and conditions may apply.

Your money is generally available 1-2 business days after you are approved, depending on your chosen funding method.

We do NOT pull FICO credit reports for any of our three programs: LoansAtWork, LoansForFeds, or LoansForAll. We do report your successful payments to the credit bureaus, this in turn may improve your credit history.

Customer Reviews

1 Instant Funding available if your bank is within the RTP® network. Funds are generally deposited via ACH within 2-3 hours of final loan approval. Same day funding is available for applications approved and signed before 12:00 pm ET on a normal business day from Monday – Saturday (except federal holidays). Funds are generally deposited via ACH for delivery next business day if approved and signed by 4:30 pm ET on a normal business day from Monday – Saturday (except federal holidays). If the next business day falls on a federal holiday, funding will occur on the following business day.

2 Your FICO Credit Score will not be pulled for the processing of this loan application; however, failure to make payments may affect your FICO credit score.

3 Subject to BMG Money, Inc. or BMG LoansATWork, LLC loan program requirements and approval.

4 BMG Money loans are provided at a significantly lower cost than most payday loans. 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 32.25% and a bi-weekly allotment installment payment of approximately $95 with a total payback amount of approximately $2,358.82 (assumes a 06/14/2021 loan execution date). In contrast, “...the average interest rate on the average payday loan is 391%...” Source – https://www.stlouisfed.org/open-vault/2019/july/how-payday-loans-work - July 19, 2019.

5 Our interest rate match policy applies only to loans made by BMG Money, Inc. or BMG LoansAtWork, LLC, intended to be repaid by payroll allotment, to employees of the U.S. federal government (non-Department of Defense) residing in Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Minnesota, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Washington DC or Wyoming. * TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER YOU MAY WRITE OR CALL Customer Service Manager at 444 Brickell Avenue Suite 250 Miami, FL 33131; (800) 316-8507; or at customer.service@bmgmoney.com. TO RESIDENTS OF NEW MEXICO: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website "New Mexico Regulation & Licensing Department". All loans are made by BMG Money affiliate BMG Money LoansAtWork, NMLS #1649032.
6 Military Lending Act Disclosure:  Due to rules and restrictions within the Military Lending Act, this program is not available to active duty service members or their spouses.

Payment terms from 6 to 36 months
Annual Percentage Rate (APR) ranging from 16.99%-35.99%
Loans do not require repayment in full in 60 days or less from the loan issue date
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