Last Updated: 02/02/2026
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Highlights
APR (Fixed APR)
19.99% - 35.99%(Verified 10/01/2025)
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Amount Range
$1,000 - $12,000
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Loan Term (Months)
12 - 60
BMG Money Personal Loans Review
Most BMG Money-branded loans are made by WebBank. As of 08/01/2025, loans to residents of Illinois, Ohio, and Rhode Island are made by BMG LoansAtWork, Inc. BMG Loans are available in all states except WA, NE, IA, WI, WV, NY, NJ, CT, MA, VT, ME, and D.C.
Key Takeaways
- APRs starting at 19.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BMG Money Personal Loans are on the higher end of the spectrum.
- Fast access to funds. If approved, BMG Money will send the money in as little as 24 hours.
- Prequalified rate. You can check your prequalified rate at BMG Money with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
BMG Money Pros & Cons
| Pros | Cons |
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BMG Money FAQ
What interest rates and personal loan terms does BMG Money offer?
BMG Money has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does BMG Money offer?
BMG Money offers a fixed APR personal loan product that ranges from 19.99% APR up to 35.99% APR.
How much can you borrow via BMG Money?
Personal loan amounts start at $1,000 and go up to $12,000
What is the maximum loan term you can get with BMG Money?
BMG Money offers loans with terms of up to 60 months.
| Personal Loan Amount | $1000 - $12000 |
| Loan Term | 12 - 60 months |
| APR | 19.99% - 35.99% |
What fees does BMG Money charge?
Does BMG Money charge an origination fee?
BMG Money may charge a personal loan origination fee of up to 5% of the personal loan amount starting at $25
Does BMG Money charge a late fee?
Yes, BMG Money may charge a late payment fee if you miss one of the regularly scheduled payments of up to $30.
Does BMG Money charge prepayment fees?
No, BMG Money does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | up to 5% |
| Prepayment Fee | No |
| Late Payment Fee | $15 - $30 |
What do you need to qualify for BMG Money Personal Loans?
When it comes to credit scores, BMG Money Personal Loans doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
BMG Money Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens with a U.S. tax identification number are eligible to apply for the services offered by BMG Money Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
- Bank account information
- Driver's license or other government photo ID
- U.S. tax identification number
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | 300 - 850 |
What is the estimated funding time for a personal loan via BMG Money?
BMG Money will typically fund loans within 1 to 3 business days of approval and clearing necessary verifications.
Does BMG Money Personal Loans report your account activity to credit bureaus?
Yes, BMG Money Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does BMG Money perform a hard credit pull?
Unlike most providers, there isn't a hard credit pull, ever. Your FICO Score will not be pulled for the processing of this loan application; however, alternative credit scores are pulled and used in determining creditworthiness. BMG Money has no minimum credit score requirement. Payment history is reported to all three major credit reporting agencies and failure to make payments may affect your credit scores.Are BMG Money Personal Loans legit?
BMG Money was founded in 2009, it is a well-established company that has been in business for 17 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
BMG Money Personal Loans Disclosure: Loan amounts range from $1,000 to $12,000. Loan lengths range from 12 to 60 months. Annual Percentage Rates (APRs) range from 19.99%-35.99%. Many loans have a one-time 5% origination fee. Loans do not require repayment in full within 60 days from the loan issue date. For example, a $3,000 loan repaid in 52 biweekly installments of $76.00 over 24 months will have a 31.35% APR. Your loan’s details will depend on the amount and your payroll schedule.
Most BMG Money-branded loans are made by WebBank. As of 08/01/2025, loans to residents of Illinois, Ohio, and Rhode Island are made by BMG LoansAtWork, Inc.
BMG LoansAtWork, Inc. is licensed in many states. For more information, see https://www.bmgmoney.com/compliancenew.
Loans through BMG Money are provided at a significantly lower cost than most payday loans. According to the Consumer Financial Protection Bureau, “A typical two-week payday loan with a $15 per $100 fee equates to an annual percentage rate (APR) of almost 400%". Your actual loan’s details will depend on the amount and your payroll schedule.”
A loan offer is not guaranteed, and is conditioned on our consideration and verification of financial and non-financial information. Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant’s application and credit profile. Loan terms are subject to verification of identity and credit information. Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. We will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Your FICO Score will not be pulled or used for the processing of your loan application. Alternative credit scores are pulled and used in determining creditworthiness. We report payment history to all three major credit reporting agencies and failure to make payments may affect your credit scores.
If you provide a valid debit card linked to the bank account where your primary income is generally deposited, Instant Funding is available within minutes of signing for your loan. For applications approved and signed by noon ET, same-day ACH funding usually is available. For applications approved and signed by 4:30 pm ET or on Sundays and holidays, funds usually are deposited the next business day.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
8:00AM - 7:00PM
Tuesday
8:00AM - 7:00PM
Wednesday
8:00AM - 7:00PM
Thursday
8:00AM - 7:00PM
Friday
8:00AM - 7:00PM
Saturday
Closed
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