Last Updated: 04/18/2025
BHG Personal Loans
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Last Updated: 04/18/2025
SuperMoney User Recommendation Score +16
Mostly recommended19 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
7.99% - 25.21%(Verified 06/21/2024)
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Amount Range
$20,000 - $250,000
Loan Term (Months)
Up to 84
Number of Reviews
BHG Personal Loans Review
BHG Personal Loans is offered by Bankers Healthcare Group Inc., a direct lender founded in 2001 and based in Davie, FL. BHG Personal Loans are available in 27 states.
Key Takeaways
- APRs starting at 7.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for BHG Personal Loans are on the lower end of the spectrum.
- Large loan amounts. You can apply for loan amounts of up to $250,000 with BHG Personal Loans .
- Origination fee of 3%. This is on the low end for lenders that charge an origination fee. However, plenty of lenders don't charge an origination fee.
- Super long loan terms. BHG Personal Loans offers loan terms of up to 84 months. Most personal loans have a maximum term of 60 months.
BHG Personal Loans Pros & Cons
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BHG Personal Loans FAQ
What interest rates and personal loan terms does BHG Personal Loans offer?
BHG Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does BHG Personal Loans offer?
BHG Personal Loans offers a fixed APR personal loan product that ranges from 7.99% APR up to 25.21% APR.
How much can you borrow via BHG Personal Loans?
Personal loan amounts start at $20,000 and go up to $250,000
What is the maximum loan term you can get with BHG Personal Loans?
BHG Personal Loans offers loans with terms of up to 84 months.
| Personal Loan Amount | $20000 - $250000 |
| Loan Term | up to 84 months |
| APR | 7.99% - 25.21% |
What fees does BHG Personal Loans charge?
Does BHG Personal Loans charge an origination fee?
BHG Personal Loans may charge a personal loan origination fee of 3% of the personal loan amount . BHG Personal Loans deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does BHG Personal Loans charge a late fee?
BHG Personal Loans does not disclose whether it charges late payment fees.
Does BHG Personal Loans charge prepayment fees?
No, BHG Personal Loans 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 | 3% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for BHG Personal Loans?
Applicants with a credit score that ranges above 700 may be eligible for BHG Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. BHG Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by BHG Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | Starting at 700 |
What is the estimated funding time for a personal loan via BHG Personal Loans?
BHG Personal Loans will typically fund loans starting at 5 business days of approval and clearing necessary verifications.
Does BHG Personal Loans report your account activity to credit bureaus?
Yes, BHG 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 Bankers Healthcare Group Inc. perform a hard credit pull?
Yes, BHG Personal Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are BHG Personal Loans legit?
Bankers Healthcare Group Inc. was founded in 2001, it is a well-established company that has been in business for 25 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
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