Bankers Healthcare Group (BHG) Personal Loans: 2025 Review
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Overview of Bankers Healthcare Group
Bankers Healthcare Group LLC does business as BHG Financial and offers consumer loans under the BHG Money™ brand. It offers personal loans of $20,000 to $250,000 with annual percentage rates (APRs) ranging from 8.72% to 27.87%. Approvals for loans can happen within 24 hours, but funding can take up to five days. Loan terms range from three to 10 years, and there is no prepayment penalty. However, eligibility requirements for BHG Money personal loans are unclear.
The Takeaway: BHG Money offers large personal loans with long loan terms. It may be right for those who are looking to take out a substantial sum of money and don’t need the funds immediately. Personal loans from BHG Money are not currently available in Illinois or Maryland.
Pros and Cons of Bankers Healthcare Group
Pros of Bankers Healthcare Group
Offers large personal loans of up to $250K. Bankers Healthcare Group offers personal loans with a top borrowing limit of $250,000.
Fast approval time. Interested borrowers can receive loan approval just 24 hours after submitting any necessary documentation or information.
Personalized approach. Although the lender doesn’t disclose its minimum credit score requirements, it says that it evaluates more than an applicant’s credit score. A BHG loan specialist can look at your finances and borrowing needs to help find a lending solution that works for you.
No early payoff penalties. If you want to pay back your BHG Money personal loan faster, you can make additional payments toward your loan principal without worry. There are no loan prepayment penalties at any point during your term.
Cons of Bankers Healthcare Group
Funding can take several days. A downside to BHG Money personal loans is that it can take up to five days to receive funding after approval. If you need a quick personal loan, BHG Money may not be for you.
Loan details and eligibility are not transparent. BHG Money offers debt consolidation loans, home improvement loans, personal investment loans, and general life event loans. However, not much information is provided about loan details, including origination fees.
Not available in certain states. Prospective borrowers who reside in Illinois or Maryland can’t get a BHG Money personal loan.
Small loan amounts not available. BHG Money personal loans are not right for you if you need a small personal loan.
Bankers Healthcare Group Personal Loan Terms, Rates, and Fees
Loan amounts: $20,000 to $250,000
APR range: 8.72% to 27.87%
Loan terms: Three to 10 years
Prepayment penalty: None
Application fee: None
Origination fee: Not disclosed
Co-borrowers allowed: Not disclosed
Approval speed: Approval within 24 hours, but up to five days to receive funding
Information accurate as of Aug. 26, 2025.
Who May a Bankers Healthcare Group Personal Loan Be Right For?
Customers who need to borrow a large amount. Borrowers who require a large loan amount might want to consider financing through Bankers Healthcare Group. Its high-limit loans can help cover major expenses.
Borrowers who need a long loan term. BHG Money personal loans offer terms up to 10 years. Other lenders cap their terms at five years, so if you are looking for a longer term, BHG Money could be right for you.
Customers who prefer hands-on loan guidance. BHG Money requires borrowers to work closely with a loan specialist. The lender likens the experience to a concierge service that’s available to answer questions seven days a week.
Who Bankers Healthcare Group May Not Be Right For
Borrowers who need a small loan amount. A BHG Money personal loan requires a minimum loan limit of $20,000. If you need less than that, you might find better options elsewhere.
Borrowers who want to check their rates quickly. According to BHG Money, the initial call with a loan specialist takes 10 to 15 minutes. This is a notable preliminary time commitment, especially when some lenders promise pre-approval decisions within a minute.
Borrowers who need fast funding. It can take up to five days to receive a loan through BHG, so it may not be a good fit for those who need money quickly.
What to Watch Out for With Bankers Healthcare Group Personal Loans
Loan approvals are valid for 12 days.
No application fees, though origination fees might apply.
BHG is a nonbank direct lender of commercial loans and consumer loans.
Bankers Healthcare Group Personal Loan Eligibility Requirements
Minimum credit score: Not disclosed (average credit score is 744)
Income requirements: Not disclosed (average annual income is $241K)
Maximum debt-to-income ratio: Not disclosed
Cosigner allowed? Not disclosed
Co-borrower allowed? Not disclosed
Repayment Options for BHG Personal Loans
The direct lender offers flexible repayment terms. The repayment timeline for a BHG Money personal loan can range from 36 months (three years) to 120 months (10 years).
How to Apply for a Bankers Healthcare Group Personal Loan
If you’re interested in a personal loan from Bankers Healthcare Group, there are several of steps you’ll need to take:
Apply online. Get started by answering basic questions on the BHG Money website, including the purpose of your personal loan and how much you would like to finance.
Speak to a financing specialist. You may have the opportunity to speak with a BHG Money financing specialist during the application process. The specialist may discuss your borrowing needs and verify the information you’ve provided.
Submit a loan application. If, after discussing your loan options with your assigned specialist, you decide to move forward, you’ll need to complete a formal loan application. A credit decision is typically made within 24 hours.
Select your loan term and repayment option. If approved, you’ll receive an overview of your loan agreement, which you’ll need to review and sign. Your loan will be funded within five days.
Alternatives to BHG Money Personal Loans to Consider
BHG Money personal loans have pros and cons, as discussed, so it can be smart to compare lenders when searching for online personal loans:
Lender | Loan amounts | APR range | Maximum term |
Achieve (formerly FreedomPlus) | $5,000 to $50,000 | 8.99% to 29.99% | 60 months |
Avant | $2,000 to $35,000 | 9.95% to 35.99% | 60 months |
$2,000 to $50,000 | 6.99% to 35.99% | 60 months | |
LendingClub | $1,000 to $60,000 | 7.04% to 35.99% | 84 months |
OneMain Financial | $1,500 to $20,000 | 18% to 35.99% | 60 months |
Prosper | $2,000 to $50,000 | 8.99% to 35.99% | 60 months |
Universal Credit | $1,000 to $50,000 | 11.69% to 35.99% | 60 months |
Upgrade | $1,000 to $50,000 | 7.99% to 35.99% | 84 months |
Some other options you might want to consider include:
LendingUSA personal loans
LightStream personal loans
PenFed personal loans
Upstart personal loans
With Lantern by SoFi, you can quickly and easily compare personal loan offers from multiple lenders all in one marketplace. Just fill out one simple form, explore your financing options, and apply for a personal loan that fits your needs.
Lantern can help you find personal loan offers.
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