Bankers Healthcare Group, or BHG, began in 2001 and surpassed $ 6 billion in funded loans over 20 years and ranked 14 times on the Inc. 5000 list of America’s fastest-growing privately held companies. Dewey, Florida, provides direct loans to licensed health care professionals of all types, including business dentists, physicians, veterinarians, physician assistants and nurse practitioners.
- BHG offers loans of up to $ 200,000 to eligible borrowers.
- Up to seven years repayment terms are available.
- BHG has an array of financial solutions to meet the needs of various borrowers.
- The lender reviews each request request rather than relying on a computer model for loan approval.
- You must be a licensed health care professional to work with BHG.
- You cannot complete the application process without talking to the BHG lending specialist.
Apart from personal loans for health care professionals, BHG offers business loans, Loan for patient medical expenses And credit card. For a loan or credit card, you must be a licensed health care professional, but do not practice on your own.
Said that, if you have established your own medical business, BHG has financial products to help you manage payroll and marketing cover, purchase equipment and other expenses.
If you want to apply, you can start the process at no charge. You will start with a 10- to 15-minute call with the lender and discuss how much you want to borrow and how long you have been practicing in your area.
You can either call customer service at 866-297-4664 or complete an online form and a loan specialist will contact you.
BHG will provide you with a list of documents you will need to apply, including corporate and personal financial statements. The lender will request a payment stub to verify income and conduct a credit check.
Because BHG has personal loans Unsafe, They do not require collateral. But to qualify for a loan you have to be a health care professional. If your loan application is approved, you can receive the money within seven days.
Common loan uses may include:
- Consolidate debt.
- Pay for the holiday.
- Investment in real estate.
- Covering the cost of events, such as Weddings.
- Financing a major purchase.
- Make your home better.
BHG personal loan cannot be used:
- Purchase of illegal drugs.
- Buying weapons or firearms.
- Financing illegal activities.
If BHG offers a loan offer, you will have up to 14 days to accept it.
Interest rates for personal loans start at 7.99% and depend on your credit history; High APRs are in adolescent stage. Borrow Borrowers can qualify for repayment terms of up to seven years and can quickly repay the loan without fees or fines.
The loan amount you approve also depends on your credit. BHG has a maximum amount of $ 200,000, and a minimum of $ 20,000 for personal loans.
Because BHG optimizes loan terms based on your credit profile, the lender does not disclose further terms and conditions until you complete the loan application process and receive an offer.
To qualify for a BHG personal loan you must be a licensed health care professional. The lender will review your credit history and financial condition, including your most recent salary stub to verify employment. You will provide personal information, such as your social security number.
Basically, BHG wants to understand your credit and financial health to make a big-picture decision. The lender does not rely on automated underwriting to approve the loan and works on a case-by-case basis.
BHG does not disclose the minimum credit score to qualify for a personal loan. The company works with borrowers who have credit scores ranging from 500 to 800s according to customer service.
BHG, located in the Fort Lauderdale suburb of Florida, does business throughout the United States.
BHG earned an A + rating from Better Business Bureau and TrustPilot has 4.6 stars out of 5.
Fortune magazine ranked BHG as No. 3 on its list of 30 best small and midsize workplaces by 2020 for financial services and insurance. And the owners of the company were named Ernst and Young Entrepreneur of the Year.
You can reach BHG Customer Service by calling 866-297-4664. Unlike some lenders, BHG is available seven days a week. The customer service time is Friday to Friday from 8 am to Friday midnight and 10 pm to 2 pm.
A comprehensive FAQ page explains the terms and fees, as well as how to qualify and apply for a loan. BHG does not have a virtual assistant or chat feature, and requires interaction with each borrower to begin the application process.
You can start the application process online by clicking on the active loan button at the top right of the lender homepage However, the complete loan application is not easily available on BHG’s website.
Debt funds can be automatically transferred to a savings or checking account. BHG does not have a mobile app.