BMG Money Financial Services
BMG Money Financial Services
in Personal Loans from BMG Money

BMG Money Financial Services

in Personal Loans from BMG Money
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APR  (Fixed APR) 24.00% - 32.00%
(Verified 03/23/2023)
Loan Amount Starting at $500
Loan Term (Months) 6 - 24 months

BMG Money Financial Services Review

BMG Money Financial Services is offered by BMG Money, a nonbank financial services provider founded in 2009 and based in Miami, FL. BMG Money Financial Services are available in 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 24.00%. Personal loan interest rates typically range between 5% and 36%. The starting rates for BMG Money Financial Services are on the higher end of the spectrum.
  • Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your BMG Money Financial Services early.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for BMG Money Financial Services.
  • Short loan terms. BMG Money Financial Services have loan terms as short as 6 months.

BMG Money loan Pros & Cons

Pros Cons
  • Accepts cosigners and coborrowers.
  • APRs as high as 32.00%.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • BMG Money Financial Services does not report to credit bureaus.
  • Charges prepayment fees.
  • Charges a late fee.

BMG Money loan FAQ

What interest rates and personal loan terms does BMG Money loan offer?

BMG Money loan has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does BMG Money loan offer?

BMG Money loan offers a fixed APR personal loan product that ranges from 24.00% APR up to 32.00% APR.

How much can you borrow via BMG Money loan?

Personal loan amounts start at $500.

What is the maximum loan term you can get with BMG Money loan?

BMG Money loan offers loans with terms of up to 24 months.

BMG Money loan Interest Rates & Loan Terms
Personal Loan Amount Starting at $500
Loan Term 6 - 24 months
APR 24.00% - 32.00%

What fees does BMG Money loan charge?

Does BMG Money loan charge an origination fee?

BMG Money loan may charge a personal loan origination fee starting at $25

Does BMG Money loan charge a late fee?

No, BMG Money loan will not charge you a late fee if you miss one of the monthly payments.

Does BMG Money loan charge prepayment fees?

No, BMG Money loan 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.

BMG Money loan Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee No

What do you need to qualify for BMG Money Financial Services?

BMG Money Financial Services does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

BMG Money Financial Services does not have or does not disclose a minimum annual income eligibility requirement. BMG Money Financial Services will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via BMG Money Financial Services. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by BMG Money Financial Services.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Proof of insurance
  • Driver's license
  • Proof of identity
  • Proof of citizenship or residence permit
  • U.S. tax identification number
  • References
BMG Money loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Individual Applications
  • Credit Score N/A

    Are BMG Money Financial Services legit?

    BMG Money was founded in 2009, it is a well-established company that has been in business for 14 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    SuperMoney Disclosure: 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

    About BMG Money Financial Services


      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • Washington, DC
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Origination Fee ($) Starting at $25
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    • Unemployed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    • Tax Returns
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Proof of Income
    • Proof of Identity
    • Proof of Insurance
    • References
    • U.S. Tax Identification Number
    • Recent Bank Statements
    • Social Security Number
    • Employer Identification Number
    APR Type Fixed APR
    Loan Amount Starting at $500
    APR (Fixed APR) 24.00% - 32.00%
    (Verified 03/23/2023)
    Loan Term 6 - 24 months

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