No. Our personal loans can be used for multiple personal uses. For example, if you apply for a loan with the intention of paying for a wedding, you can use any remaining personal loan proceeds to cover your next vacation, pay for unplanned expenses, or even consolidate your personal debt.
Other lenders may provide personal loan amounts up to $50,000 or $100,000. At BHG Money, we provide anywhere from $20,000 up to $200,0001 so that you can pursue your biggest ambitions. Also, we offer fast funding in as few as 5 days2 and extended terms, giving you affordably low monthly payments.
No application fees, commitment, or impact on personal credit to estimate your payment.
Personal loans not currently available in Illinois or Maryland
1 Loan sizes, interest rates, and loan terms vary and are determined by applicant's credit profile. Finance amount may vary depending on your state of residence. Call for complete program details.
2This is not a guaranteed offer of credit and is subject to credit approval
Consumer loans funded by one or more participating lenders. Equal Housing Lenders.
Annual percentage rates (APRs) for BHG Money personal loans range from 10.49% to 29.99%, with terms from 3 to 10 years.
Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,229.
For California residents: consumer and commercial loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.