# BMG Money — Loans for Employees & Retirees

> Personal loans for employees and retirees, no FICO score required. (iPhone/iPad app by BMG Money Inc..)

- Source: https://appshunter.io/ios/app/bmg-money/id1629499701 (this page in markdown: same URL + `.md`)
- Developer: [BMG Money Inc.](https://appshunter.io/developer/1629499703)
- Category: Finance, Business
- Price: Free
- Rating: 3.30/5 from 151 App Store ratings · 51 written reviews indexed
- Age rating: 17+
- Requires: iOS 15.0 · 120 MB
- Languages: American English
- Released: 2023-03-07
- Data updated: 2026-08-24
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/bmg-money/id1629499701/reviews.md

## What is BMG Money?

BMG Money is a great loan solution for employees and retirees who are working on improving their credit scores. This app is for new loans for existing customers.

1. Better Loan Offers (4) - Loans ranging from $500-$10,000 & terms from 6-48 months 
2. No Credit Score Required (2) - We do not use FICO credit scores when reviewing loan applications
3. Easy Application - Loan offers in minutes from any device
4. Higher Acceptance Rate - When banks say no, we say yes
5. Instant Funding Available (1) - Most borrowers get their loan proceeds deposited in their bank accounts instantly. Loans are automatically paid through allotment, direct deposit, debit card, or payroll deduction.
6. Annual Percentage Rate (APR) ranging from 16.99%-35.99%
7. Loans do not require repayment in full in 60 days or less from the loan issue date
8. 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. Access https://app.bmgmoney.com/signup to see if your employer qualifies, terms and conditions apply.
9. Stay informed when you enable notifications
10. Enable Touch ID / Face ID for instant access
11. Earn extra cash by referring BMG Money to your friends and colleagues

Loan example: A 17-month $2,000 loan with a finance charge of $500.06 and a 31.67% APR has 36 bi-weekly installments at $70.00 each, for a total loan cost of $2,500.06.

All loans marketed by BMG Money are made by WebBank, except the loans made to residents of Illinois, Ohio, Rhode Island are made by BMG LoansAtWork, Inc.

## Key features

- Loans from $500-$10,000
- No FICO credit score required
- Loan offers in minutes
- Higher acceptance rate
- Instant funding available
- APR from 16.99%-35.99%
- Referral program for extra cash

## Recent user reviews (10 of 51)

All indexed reviews: https://appshunter.io/ios/app/bmg-money/id1629499701/reviews.md

### 1/5 — App worthless now

*2026-08-04, version 3.2.16*

App worthless…can no longer log in through the app.

### 1/5 — Not what it used to be

*2026-07-24*

BMG was great when we first used them. Past couple of years it has been awful. You have to pay 25% of your balance before you can refinance. Also I am divorced I’m trying to change my last name. It’s been at least a month and it still hasn’t been changed. Very unprofessional.

### 1/5 — Unable to Open App After Update

*2026-07-14, version 3.2.16*

The app won’t reload successfully.

### 1/5 — Think twice!

*2026-06-19*

THIS HAS TO BE ONE OF THEE WORST EXPERIENCES I HAVE EVER HAD. The app displays inaccurate information. I have made more payments than the app is reflecting. It’s reporting negatively on my credit! 
You can’t even refinance until you’ve made 16 CONSECUTIVE PAYMENTS, and if you miss one, they make you start over.
The interest IS RIDICULOUSLY HIGH! Never again! BMG hurts more than it helps!

### 5/5 — Great customer service

*2026-06-18, version 3.2.0*

Claudia L was very helpful and she has great customer service

### 5/5 — Best loan for people with not the best credit

*2026-06-03*

Honestly in my opinion the best option to help people who are struggling with money issues. Quick deposits and great customer service like Claudia L. If you need help getting your life back on track give bmg a try you won’t be disappointed.

### 1/5 — Company going bankrupt

*2026-05-07, version 3.1.12*

Company no good give out loans then stop giving to they loyal members after no missed payment then over charge you ….you pay back.  3 times the amount

### 5/5 — S Jones

*2026-04-13, version 3.1.10*

Brandon was awesome. Reached out when needed to push application through. Always a pleasure with BMG.

### 5/5 — Claudia L provide excellent support

*2026-04-06*

Representative Claudia L has provided excellent customer service and resolved my issue in a fast and efficient manner.

### 1/5 — HORRIBLE!

*2026-03-12, version 3.1.9*

For one the costumer service is HORRIBLE they’re completely useless. You DONT get notified about anything no communication at all. The app nor website works… if I could give them negative stars I would.

## Frequently asked questions about BMG Money

### What is BMG Money?

BMG Money provides personal loans for employees and retirees. It offers loan amounts ranging from $500 to $10,000 with terms from 6 to 48 months. The app is designed for new loans for existing customers and aims to help users improve their credit scores.

### Do I need a good credit score to get a loan?

No, BMG Money does not use FICO credit scores when reviewing loan applications. This makes it accessible to individuals who may have a lower credit score or are looking to build their credit history.

### How quickly can I get my loan funds?

Instant funding is available, meaning most borrowers receive their loan proceeds deposited into their bank accounts quickly. Loans can be repaid through various methods including allotment, direct deposit, debit card, or payroll deduction.

### What are the eligibility requirements?

To be eligible, you generally need to be employed for at least one year, be over 18 years of age, not be active military, and not be in bankruptcy. You must also be employed by one of the employers that BMG Money partners with.

### What is the APR for these loans?

The Annual Percentage Rate (APR) for loans offered by BMG Money ranges from 16.99% to 35.99%. A loan example shows a 17-month $2,000 loan with a finance charge of $500.06 and a 31.67% APR.

## Version history (last 5 releases)

### 3.2.17 — 2026-08-24

Performance: Improvements in system speed and stability.
Bug Fixes: General bug resolutions and optimizations.

### 3.2.16 — 2026-07-14

Bug Fixes: General bug resolutions and optimizations.

### 3.2.2 — 2026-07-02

Bug Fixes: General bug resolutions and optimizations.

### 3.2.1 — 2026-06-25

Bug Fixes: General bug resolutions and optimizations.

### 3.2.0 — 2026-06-17

Performance: Improvements in system speed and stability.
UX/UI: Refined interface and more intuitive navigation.
Bug Fixes: General bug resolutions and optimizations.

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-24.*