You can use an unsecured personal loan from BHG for a variety of reasons, including:
BHG also offers business loans, Small Business Administration 7(a) loans and startup loans, plus health care financing options for patients and providers.
Generally, personal loans cannot be used for:
- Purchasing illegal drugs.
- Funding illegal activities.
You will receive a copy of your application to sign and must provide BHG your most recent pay stub to help with the credit decision. Other documents may be required based on your creditworthiness.
BHG personal loans require no collateral and may be approved in as few as 24 hours and funded in as few as five days
Interest rates start at 7.99% with extended terms of up to seven years and loan amounts of $20,000 to $200,000. BHG loans have closing costs that can be paid upfront or rolled into the loan and paid over time.
BHG provides estimates with no application fee or harm to your credit, and loan offers are good for 12 days.
BHG originally specialized in lending to medical professionals but now serves professionals across industries.
BHG does not disclose a minimum credit score to qualify for personal loans.
BHG originates loans nationwide.
BHG earned an A+ rating from the Better Business Bureau and has 4.4 out of 5 stars from Trustpilot, an excellent score based on more than 1,750 reviews.
The Consumer Financial Protection Bureau received nine complaints in 2021 about BHG personal loans. The most common complaints were about being charged fees or interest you didn’t expect and about getting the loan. BHG gave a timely response to each complaint and all were closed with explanation.
You can reach BHG customer service seven days a week by phone at 866-297-4664. Customer service hours are 8 a.m. to midnight Eastern Time Monday through Friday and 10 a.m. to 2 p.m. ET Saturday and Sunday.
A comprehensive FAQ page explains application details, rates, terms and fees, and other specifics. BHG does not provide a chat feature for service and requires a phone call from each borrower to complete a loan application.
The lender’s website allows you to begin the application process, estimate your loan payment with a soft credit pull and contact a representative for more information, among other features.
Clicking the Activate Loan button at the top right of the BHG homepage starts your application. A representative will contact you after you submit it.
- People who prefer a customized, hands-on approach to borrowing.
- People who want to borrow up to $200,000.
- People who prioritize customer service.