6 Loans Like BMG Money: Allotment Loans & Alternatives in 2026

If you need to borrow more than one $10k, SoFi could be a good fit. It offers personal loans up to $100,000 with no origination fees, late fees or prepayment charges. Rates start as low as 6.99% APR with autopay and you can check your rates with a soft credit check before applying. Plus, you may get your money as quick as same-day you're approved. It's a solid choice if you have good credit and steady income.

• Available in all states

• Why we like it

  If you need to borrow more than one $10k, SoFi could be a good fit. It offers personal loans up to $100,000 with no origination fees, late fees or prepayment charges. Rates start as low as 6.99% APR with autopay and you can check your rates with a soft credit check before applying. Plus, you may get your money as quick as same-day you're approved. It's a solid choice if you have good credit and steady income.

• Pros and cons

  Pros

  • No fees
  • Prequalify with a soft credit check
  • High maximum loan amount

  Cons

  • High minimum loan
  • Good credit required
  • Not for short-term needs

• More details

  Loan amount	$5,000 to $100,000
  APR	6.99% to 35.49% with autopay and member discounts (0.25% each)
  Interest Rate Type	Fixed
  Min. credit score	680
  Turnaround Time	Same day (if approved and signed by 5:30 p.m. ET)
  Loan Term	2 to 7 years

• Partner terms and conditions

  Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2025 was around $32K. Information current as of 07/20/26. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions.
  
  Fixed rates from 6.99% APR to 35.49% APR. APR reflect the 0.25% autopay interest rate discount and a 0.25% member rate discount.
  
  SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, operating from its Delaware branch, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 07/20/26 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.
  
  Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan
  proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
  
  Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
  
  Member Rate Discount: To be eligible for an additional 0.25% interest rate reduction on a Personal Loan, you must, within 31 days of loan funding, either (1) meet SoFi Plus eligibility criteria, (2) receive an Eligible Direct Deposit into a SoFi Checking or Savings account, or (3) receive at least $5,000 in Qualifying Deposits into a SoFi Checking or Savings account. You must continue to meet at least one of the above eligibility criteria every 31 days to maintain the discount. See the SoFi Plus terms for details on SoFi Plus subscription. For more details on Eligible Direct Deposit or Qualifying Deposits, please see https://www.sofi.com/legal/banking-rate-sheet.
  
  Once you become eligible during the initial period, the discount will be removed or reinstated depending on whether the criteria have been met. Each time your loan is re-amortized, your monthly payment amount will change based upon the interest rate that was in place. SoFi reserves the right to modify or terminate this offer at any time for unenrolled participants. You are not required to meet these criteria to be approved for a loan.
  
  Direct deposit. To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

Even if you're eligible for allotment loans like BMG Money through your employer, it may not always be the best choice. For example, if you're just looking for a small loan to get you to your next paycheck — and would rather not pay interest — you may want to consider a cash advance app like EarnIn.

With EarnIn, eligible users can qualify for advances up to $1,000 per pay period with no interest charges or late fees. In addition, EarnIn doesn't require subscription fees, unlike many other cash advance apps. However, you can only withdraw up to $150 a day, and you must repay the loan on your next payday. EarnIn is available in all states except Connecticut.

• Not available in: Connecticut, District of Columbia

• Why we like it

  Even if you're eligible for allotment loans like BMG Money through your employer, it may not always be the best choice. For example, if you're just looking for a small loan to get you to your next paycheck — and would rather not pay interest — you may want to consider a cash advance app like EarnIn.

  With EarnIn, eligible users can qualify for advances up to $1,000 per pay period with no interest charges or late fees. In addition, EarnIn doesn't require subscription fees, unlike many other cash advance apps. However, you can only withdraw up to $150 a day, and you must repay the loan on your next payday. EarnIn is available in all states except Connecticut.

• Pros and cons

  Pros

  • No interest or late fees
  • Advances up to $750 per pay period
  • No membership required

  Cons

  • Must be repaid on your next pay date
  • Can only request $150 a day
  • Must earn at least $320 per payday

• More details

  Loan amount	Up to $150/day, with a max of $1000 between paydays
  Loan Term	1 to 4 weeks
  Turnaround time	1-2 business days standard, in minutes with a small fee

• Partner terms and conditions

  EarnIn is not a bank. Access limits are based on your earnings and risk factors. Available in select states. Terms and restrictions apply. Visit EarnIn.com for full details. Expedited transfers available for a fee. Visit Earnin.com for full details.

If your employer doesn't have allotment loans like BMG Money, consider OneMain Financial, which offers fast turnaround personal loans with similar interest rates — 11.99% to 35.99% — making it a viable alternative. OneMain Financial also works with bad credit borrowers, and it provides loans between $1,500 and $30,000, with terms ranging from two to five years. However, OneMain may charge an origination fee of up to 10%, and it isn't fully online, meaning you may have to visit a branch office to finalize your loan documents.

• Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont

• Why we like it

  If your employer doesn't have allotment loans like BMG Money, consider OneMain Financial, which offers fast turnaround personal loans with similar interest rates — 11.99% to 35.99% — making it a viable alternative. OneMain Financial also works with bad credit borrowers, and it provides loans between $1,500 and $30,000, with terms ranging from two to five years. However, OneMain may charge an origination fee of up to 10%, and it isn't fully online, meaning you may have to visit a branch office to finalize your loan documents.

• Pros and cons

  Pros

  • Similar loan amounts and interest rates to BMG Money
  • No minimum credit score required
  • Fast turnaround time

  Cons

  • Origination fees up to 10%
  • May have to visit a branch office
  • Minimum loan amount is $1,500

• More details

  Loan amount	$1,500 to $30,000
  APR	11.99% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	Not specified
  Turnaround Time	As soon as one hour
  Loan Term	24 – 60 months

• Partner terms and conditions

  You must complete a loan application and continue to meet any criteria used to select you for a loan offer. Not all applicants are approved. Loan approval and actual loan terms depend on applicant’s state of residence and ability to meet OneMain Financial credit standards such as a responsible credit history, sufficient income after monthly expenses, and if applicable, availability of eligible collateral.  
   
  Not all approved applicants qualify for larger loan amounts, lower APRs, or the most favorable loan terms. For example, larger loan amounts typically require a first lien on a motor vehicle that is no more than ten years old, meets our value requirements, and is titled in applicant’s name with valid insurance. APRs are generally higher on loans not secured by a vehicle. Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.
   
  OneMain charges origination fees allowed by law. Depending on the state where the loan is opened, the origination fee may be either a flat amount or a percentage of the loan amount. Flat fees vary by state, ranging from $25 to $500. Percentage-based fees vary by state, ranging from 1% to 10% of the loan amount subject to certain state limits on the fee amount. For information about these fees and minimum and maximum loan sizes available in certain states, visit omf.com/loanfees.
   
  Current OneMain Customers:  Loan offers presented to a consumer assume the individual has no active loan with OneMain or one of its affiliates.  If a customer applies for a new loan offer, a OneMain representative will discuss available options.
   
  Active-duty military, their spouse or dependents covered by the Military Lending Act (MLA) may not pledge any vehicle as collateral.  If you are covered by the MLA, you are not eligible for secured loans.
   
  Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.
   
  Time to Fund Loans: Funding within one hour after loan closing through SpeedFunds® must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after closing.

If you work for yourself or are in the gig economy, you aren't eligible for allotment loans like BMG Money, but you may qualify for cash advances up to $500 with the Dave cash advance app. There are no credit checks like with BMG money and no direct deposit requirement, which sets Dave apart from many cash advance apps and makes it ideal for those with no direct deposit availability. However, if you need your cash immediately, expedited transfer fees could be as high as $25. Dave is available in all states.

• Not available in: District of Columbia

• Why we like it

  If you work for yourself or are in the gig economy, you aren't eligible for allotment loans like BMG Money, but you may qualify for cash advances up to $500 with the Dave cash advance app. There are no credit checks like with BMG money and no direct deposit requirement, which sets Dave apart from many cash advance apps and makes it ideal for those with no direct deposit availability. However, if you need your cash immediately, expedited transfer fees could be as high as $25. Dave is available in all states.

• Pros and cons

  Pros

  • Available to almost anyone with a job
  • No credit checks or direct deposit requirement
  • No interest or late fees

  Cons

  • Maximum loan of $500
  • Potentially high instant transfer fees
  • Dave card required for fast transfers

• More details

  Loan amount	Up to $500
  Loan Term	Varies
  Turnaround time	Free instant transfers to Dave Checking, up to 3 business days for free, or within an hour for a fee

Kashable offers allotment loans like BMG Money to employees of federal and private organizations with better rates than some other loan options. Loan amounts are fairly similar between the two companies, though slightly higher with Kashable, ranging from $250 to $30,000. Plus, you might get a better interest rate with Kashable, with its lowest rates starting at 6% for good credit borrowers.

• Available in all states

• Why we like it

  Kashable offers allotment loans like BMG Money to employees of federal and private organizations with better rates than some other loan options. Loan amounts are fairly similar between the two companies, though slightly higher with Kashable, ranging from $250 to $30,000. Plus, you might get a better interest rate with Kashable, with its lowest rates starting at 6% for good credit borrowers.

• Pros and cons

  Pros

  • Higher loan amounts than BMG Money
  • Potentially better interest rates
  • No early repayment penalties

  Cons

  • Interest rates as high as 35.99%
  • Loans limited to employees of Kashable-affiliated firms

• More details

  Loan amount	$250 to $30,000
  APR	6% to 35.99%
  Interest Rate Type	Fixed
  Min. credit score	Not disclosed.
  Turnaround Time	As little as 1 business day after approval
  Loan Term	6 to 36 months

TrueConnect also offers allotment loans like BMG money. However, its small-dollar loans between $1,000 and $5,000 don't require a credit check. By contrast, BMG Money allotment loans require credit checks, although there is no minimum score requirement to qualify. However, if you need a loan from $5,000 to $10,000, TrueConnect requires a credit check, but interest rates start at , which is tough to beat. So, if you have good credit and need a bigger loan, see if you qualify for a lower rate than BMG Money offers.

TrueConnect doesn't currently offer allotment loans to federal employees — only state and local government and educational employees — so this loan option isn't available if you work for the federal government. TrueConnect allotment loans are available in all states except New Jersey and Rhode Island.

• Not available in: Kansas, New Jersey, Rhode Island

• Why we like it

  TrueConnect also offers allotment loans like BMG money. However, its small-dollar loans between $1,000 and $5,000 don't require a credit check. By contrast, BMG Money allotment loans require credit checks, although there is no minimum score requirement to qualify. However, if you need a loan from $5,000 to $10,000, TrueConnect requires a credit check, but interest rates start at , which is tough to beat. So, if you have good credit and need a bigger loan, see if you qualify for a lower rate than BMG Money offers.

  TrueConnect doesn't currently offer allotment loans to federal employees — only state and local government and educational employees — so this loan option isn't available if you work for the federal government. TrueConnect allotment loans are available in all states except New Jersey and Rhode Island.

• Pros and cons

  Pros

  • No credit check for loans under $5,000
  • Interest rates as low as
  • Higher loan amounts

  Cons

  • Requires credit check for larger loans
  • Not available for federal employees
  • Not available in all states

• More details

  Loan amount	$1,000 to $10,000
  APR	19.99%
  Interest Rate Type	Fixed
  Min. credit score	No credit check required
  Turnaround Time	Within 24 hours or 1 business day
  Loan Term	1 year