Frequently Asked Questions


You must be at least 21 years old and have:

  • A job or proven source of income
  • An email address
  • An active and valid checking account
  • Reside in a state in which BM&T Loans does business

All signed Loan Agreements are subject to verification of prior loan history and application information. Your online application will be either approved or declined based on our evaluation of the information you provide. In some cases, we may need to ask for additional information. But for most customers, it’s quick and hassle-free.

After you submit your online application, we will start reviewing your application. Once we validate all your application information, you will be able to request how much you want to borrow up to your maximum approved amount. In the event we are unable to approve your application for credit, we'll notify you with the reason for denial.

If this is your first BM&T loan, you could qualify for a Payday Loan of up to $500 or a Installment Loan of up to $1,500. See Availability & Rates for additional information.

If your application is approved and verified by 7 pm EST, we can electronically deposit your loan proceeds into your bank account as early as the next business day.

BM&T Loans is a Payday and Installments Loans lender licensed in the state of Utah. Loans from BM&T Loans are governed by the laws of Utah, not the laws of your resident state. The laws of your resident state may have interest rate limits and other consumer protection provisions that are more favorable. If you wish to have your resident state law apply, you should consider taking a loan from a licensed lender in your state. We do follow all federal and state laws related to short-term lending.

Your loan's total cost depends upon the amount that you are approved for and your payment history. For example, the Annual Percentage Rate (APR) for an Installment Loan of $700 is 364.00% with 14 bi-weekly payments of $116.63. See Availability & Rates for more details.

It is your responsibility to make your loan payment by the due date, but we make it easy for you to avoid being late or missing a payment. You can schedule automatic electronic payments from your checking account or provide payment in one of the following forms (debit card, check, or money order). If you do make a late payment, skip a payment, or a payment is returned to us, you may incur additional fees. If a payment is returned, we may submit the payment to your bank for reprocessing. If you are unable to make your scheduled payment, please contact Customer Support.

Unlike many traditional banks, with BM&T Loans you have the choice of paying off your loan over several installments, or all at once at anytime – without penalties.

We structure our loans so that payments are typically around $100 (based on bi-weekly payments). For example, a $700 Installment Loan with an Annual Percentage Rate (APR) of 364.00% has 14 bi-weekly payments of $116.63. The actual number of payments required for your loan will be based on your loan amount and your pay schedule. For your convenience, we link your loan payment dates to your pay dates.

Keeping your financial and personal information safe is one of our most important responsibilities. BM&T Loans has taken a number of measures to keep our process completely confidential and secure. Please review the details on our Privacy Policy and Terms of Service. If you have additional unanswered questions, please contact us.



We offer exceptional customer service, always ready to answer your questions.

Mon - Fri  7.00 - 19.00 EST
Sat & Sun CLOSED