A Personal Loan for Educators with Limited Credit Options

Empowering NEA members with an alternative personal loan option for unexpected expenses.

The NEA Advantage Loan Provides Comprehensive Support

Perks of the NEA Advantage Loan

Loans typically range from $500 to $5,000 with an APR below 36%.* There are no penalties for early payment.

Helping You Secure Your Financial Future

As you repay your loan, payment progress is shared with credit bureaus to build credit history.

Financial Wellness Resource

You have access to credit education, credit monitoring and money saving solutions—all designed to help you make sound financial decisions.

Better Alternative to a Payday Loan

The NEA Advantage Loan was created as the best hardship loan alternative for educators.

The NEA Advantage Loan Provides Immediate Support From a Trusted Partner
A
BBB rating and accreditation
Accredited since 6/11/2018
(Rating pulled 5/22/2024)
$4
billion
in loans accessed by satisfied borrowers
15
years
providing a safer and more responsible loan alternative to payday loans

 

BMG Money logo

How to Apply for the NEA Advantage Loan

step 1
Sign in

Make sure you’re signed into NEAMB.com.

Gather your personal banking information to help you complete the application process.

step 2
Click "Get Started"

Apply for the NEA Advantage Loan by clicking the “Get Started” button.

Complete the online application on the BMG Money website.

step 3
What's Next?

Please note that the loan application review process may take up to a few business days. A representative will contact you prior to any loan approval.

 

If you have questions, please contact us.

Ready to take the next step?
Get Started
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Additional Information

* Fixed simple interest rate: 35.99% per year with a one-time fee of $0. For example, a $2,000 loan repaid in 52 installments over 24 months, the APR will be 35.83% and the approximate bi-weekly payroll deduction will be $40 (assumes a loan execution date of 05/10/2024). Other terms and conditions apply, and your loan may vary depending upon your loan execution date, actual payroll deduction schedule, etc. Not all applicants will qualify for a loan. All loans marketed by BMG Money are made by WebBank, except, as of 12/08/2023 the loans made to residents of Iowa, Illinois, Nebraska, New Jersey, New York, Ohio, Rhode Island are made by BMG LoansAtWork, LLC. The NEA Advantage Loan program is not available in Ohio, Indiana, Maine, Nebraska, New York, Washington, West Virginia, New Hampshire, North Dakota, Georgia, Nevada, Rhode Island, Connecticut, Massachusetts, Vermont, Wisconsin, New Jersey.