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BHG Personal Loans

in Personal Loans from Bankers Healthcare Group Inc.

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BHG Personal Loans

Unaffiliated

in Personal Loans from Bankers Healthcare Group Inc.

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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APR  (Fixed APR) Starting at 7.99%
Loan Amount $20,000 - $250,000
Loan Term (Months) Up to 84 months

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 is available in 27 states across the USA.

Key Takeaways
  • APRs starting at 7.99%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
  • Large loan amounts. You can apply for loan amounts of up to $250,000 with BHG Personal Loans.
  • Hard credit pull required. You can't check your rates or see if you prequalify for BHG Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • 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
Pros Cons
  • $0 prepayment fee.
  • Funding available within business day.
  • Charges an origination fee of up to 3% of the loan amount.
  • Only considers applicants with good credit.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee.
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 starts at 7.99% APR.

How much can you borrow via BHG Personal Loans?

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.

BHG Personal Loans Interest Rates & Loan Terms
Personal Loan Amount $20000 - $250000
Loan Term up to 84 months
APR Starting at 7.99%

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 before depositing your money, 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?

Yes, BHG Personal Loans may charge borrowers a late payment fee if you miss one of the monthly payments.

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.

BHG Personal Loans Fees
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 from 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. BHG Personal Loans only considers borrowers who are employed.

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 BHG Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by BHG Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of citizenship or residence permit
BHG Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score Starting at 700

    What is the estimated funding time for a personal loan via BHG Personal Loans?

    BHG Personal Loans will typically provide a credit approval decision in less than an hour and fund the loan within business day.

    Does BHG Personal Loans report your account activity to credit bureaus?

    Yes, BHG Personal Loans reports your account activity to the following credit reporting agencies:

    • 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 improve your credit.

    SuperMoney Disclosure: SuperMoney.com 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.

    Contact

    Other Services by Bankers Healthcare Group Inc.

    Availability

      Available in 27 states
    • Alaska
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Florida
    • Georgia
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kentucky
    • Massachusetts
    • Michigan
    • Mississippi
    • North Carolina
    • Nebraska
    • New Mexico
    • New York
    • Ohio
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington
    • West Virginia
    • Wyoming

    Feature Breakdown

    No Prepayment Fee
    Origination Fee (%) 3%
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • 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
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    Credit Score Range 700 -
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range Starting at 5 days
    Payment Options Automatic Payments
    Loan Amount $20,000 - $250,000
    APR (Fixed APR) Starting at 7.99%
    Loan Term Up to 84 months

    BHG Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

    +100

    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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