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Compare BHG Financial with other loan options
Compare BHG Financial with other loan options
We know you have options. See how BHG Financial solutions compare to other personal loans—and how personal loans stack up against alternatives like HELOCs, 401(k) loans, and credit cards—so you can choose what works best for you.
We know you have options. See how BHG Financial solutions compare to other personal loans—and how personal loans stack up against alternatives like HELOCs, 401(k) loans, and credit cards—so you can choose what works best for you.
How BHG Financial compares to other personal loan providers
Most personal loan providers are built for borrowers with modest needs. If you're looking for $20,000, you have dozens of options. If you need $150,000 or more, the field narrows quickly.
BHG Financial was built specifically for high-earning professionals who need larger amounts, longer terms, and a provider that understands their financial complexity.
Personal loan provider comparison
|
|
|
SoFi |
Lightstream |
Upstart |
|---|---|---|---|---|
|
Maximum |
$250,0001 |
$100,000 |
$100,000 |
$75,000 |
|
Minimum |
6.49%1 |
6.99% |
7.24% |
6.20% |
|
Maximum |
10 years1,2 |
7 years |
7 years |
5 years |
Sources: Sofi, Lightstream, Upstart
Most providers are built for smaller, one-size-fits-all borrowing.
BHG Financial is built for larger, more complex needs—offering higher loan amounts, longer terms, and a more tailored approach. The result is funding that fits your situation, with predictable monthly payments.
BHG Financial vs. other loan products
Choosing a personal loan is only part of the decision. The type of loan you use matters just as much. Here's how a a personal loan through BHG Financial compares to four common alternatives.
- HELOC
- 401(k) Loan
- Credit cards
- Home equity loans
Personal loan vs. HELOC
A home equity line of credit (HELOC) lets you borrow against the equity in your home. Borrowers can typically get large amounts, but the trade-off is risky. If you default on a HELOC, you could lose your home. A personal loan through BHG Financial carries no such consequence.
|
|
|
HELOC |
|---|---|---|
|
Collateral |
Not required |
Your home |
|
Rate type |
Fixed |
Variable (typically) |
|
Risk of foreclosure |
No |
Yes |
|
Funding speed |
As few as 5 days3 |
Several weeks |
|
Maximum amount |
$250,0001 |
Depends on home equity |
|
Credit score minimum |
640 |
Typically 620+ |
A personal loan through BHG Financial offers a more predictable alternative to a HELOC.
Fixed payments. No home collateral. Faster funding.
Personal loan vs. 401(k) loan
Borrowing from your 401(k) feels appealing because you're technically borrowing from yourself. But the hidden cost is the long-term growth you're potentially giving up. Every dollar you pull from your retirement account stops compounding. Over a 10-year period, that gap can be substantial depending on market performance.
|
|
|
401(k) loan |
|---|---|---|
|
Impact on retirement savings |
None |
Reduces compounding growth |
|
Credit check required |
Yes (soft pull to prequalify) |
No |
|
Risk if you change jobs |
None |
Balance may come due immediately |
|
Maximum amount |
$250,0001 |
Typically 50% of balance, up to $50,000 |
|
Rate type |
Fixed |
Prime rate +1% (typically) |
|
Repayment term |
Up to 10 years1,2 |
Typically up to 5 years |
A personal loan through BHG Financial gives you fixed payments without drawing from your 401(k).
Keep your retirement savings intact.
Personal loan vs. credit cards
Credit cards are the most expensive way to carry a large balance. The average credit card interest rate has climbed well above 20%, and unlike a personal loan, there's no defined payoff date. Minimum payments keep you in debt longer and cost significantly more in total interest.
|
|
|
Credit cards |
|---|---|---|
|
APR |
Fixed, as low as 6.49%1 |
Variable, often 20%+ |
|
Repayment structure |
Fixed monthly payment |
Minimum payment |
|
Defined payoff date |
Yes |
No |
|
Maximum borrowing |
$250,0001 |
Varies by card limit |
|
Impact on credit utilization |
Installment debt |
Revolving debt |
A personal loan through BHG Financial helps you move beyond revolving credit card debt.
Fixed payments. Defined payoff date.
Personal loan vs. home equity loan
A home equity loan is different from a HELOC. It delivers a lump sum at a fixed rate, similar to a personal loan, but it's secured by your home. Home equity loans also require an appraisal and a title search, which adds time and closing costs.
|
|
|
Home equity loan |
|---|---|---|
|
Collateral |
None |
Your home |
|
Rate type |
Fixed |
Fixed |
|
Closing costs |
None |
Yes (appraisal, title, etc.) |
|
Funding speed |
In as few as 5 days3 |
Several weeks |
|
Risk of foreclosure |
No |
Yes |
A personal loan through BHG Financial gives fixed payments without tying your loan to your home.
No home collateral. Clear payoff timeline. Faster funding.
What makes BHG Financial different
More funding. Built around you.
The comparison tables tell part of the story. The rest comes down to how BHG Financial approaches underwriting.
Most providers evaluate borrowers through a narrow lens: credit score, income, and debt-to-income ratio. BHG Financial takes a broader view. With over 25 years of experience and more than $33 billion in loans originated, BHG has built proprietary data models that account for the complexity of high-earning borrowers.
Every borrower works with a dedicated, U.S.-based loan specialist. You get a real person who understands your situation and can move quickly. Approval decisions can come in as little as 24 hours, and funds can arrive in as few as 5 days.3
25 years
Of lending history
$33B+
In loans originated
A+
BBB rating
Know before you borrow
Frequently asked questions
A minimum income of $100,000 is recommended to apply. BHG Financial solutions are built for high-earning individuals whose financial situations often involve multiple income sources or nontraditional compensation structures.
A personal loan is typically unsecured, meaning it doesn't require you to pledge any asset as collateral. Personal loans through BHG Financial are unsecured, so approval is based on your creditworthiness, income, and financial profile rather than the value of property you own. BHG Financial personal loans are unsecured, so your home, car, and savings accounts are not at risk if your financial situation changes.
Getting a personal loan through BHG Financial starts with a soft credit inquiry, which does not impact your credit score4. This allows you to explore your loan options with confidence before making a commitment.
If you choose to move forward and accept your loan terms, a hard credit inquiry is completed near the end of the application process. While this may cause a small, temporary decrease in your score, it only occurs after you've decided to proceed.
For many borrowers, consolidating higher-interest debt with a loan through BHG Financial can have a positive impact on their credit profile. In fact, some BHG borrowers have experienced credit score increases of 40 points or more after using their loan to consolidate debt and reduce outstanding balances.*
You don't need collateral for an unsecured personal loan. Personal loans through BHG Financial require no personal collateral, which means you're not putting your home, vehicle, or savings at risk. Secured loan products, such as HELOCs or home equity loans, do require collateral and carry the risk of asset loss if you default. The trade-off for an unsecured loan is typically a higher interest rate than a secured product, though the rate you receive depends on your credit profile and income.
The maximum personal loan amount depends on the provider and your financial profile. Most mainstream providers cap personal loans at $40,000 to $100,000. BHG Financial offers unsecured personal loans up to $250,0001 for qualifying borrowers, making us one of the few financial solutions providers in the country that can meet large financing needs without requiring collateral.
How BHG Financial compares to other personal loan providers
Most personal loan providers are built for borrowers with modest needs. If you're looking for $20,000, you have dozens of options. If you need $150,000 or more, the field narrows quickly.
BHG Financial was built specifically for high-earning professionals who need larger amounts, longer terms, and a provider that understands their financial complexity.
Personal loan provider comparison
BHG Financial
Maximum loan amount
$250,0001
Minimum APR
6.49%1
Maximum loan term
10 years1,2
SoFi
Maximum loan amount
$100,000
Minimum APR
6.99%
Maximum loan term
7 years
LightStream
Maximum loan amount
$100,000
Minimum APR
7.24%
Maximum loan term
7 years
Upstart
Maximum loan amount
$75,000
Minimum APR
6.20%
Maximum loan term
5 years
Sources: Sofi, Lightstream, Upstart
Most providers are built for smaller, one-size-fits-all borrowing.
BHG Financial is built for larger, more complex needs—offering higher loan amounts, longer terms, and a more tailored approach. The result is funding that fits your situation, with predictable monthly payments.
BHG Financial vs. other loan products
Choosing a personal loan is only part of the decision. The type of loan you use matters just as much. Here's how a a personal loan through BHG Financial compares to four common alternatives.
A home equity line of credit (HELOC) lets you borrow against the equity in your home. Borrowers can typically get large amounts, but the trade-off is risky. If you default on a HELOC, you could lose your home. A personal loan through BHG Financial carries no such consequence.
Collateral
BHG Financial
Not required
HELOC
Your home
Rate type
BHG Financial
Fixed
HELOC
Variable (typically)
Risk of foreclosure
BHG Financial
No
HELOC
Yes
Funding speed
BHG Financial
As few as 5 days3
HELOC
Several weeks
Maximum amount
BHG Financial
$250,0001
HELOC
Depends on home equity
Credit score minimum
BHG Financial
640
HELOC
Typically 620+
A personal loan through BHG Financial offers a more predictable alternative to a HELOC.
Fixed payments. No home collateral. Faster funding.
Borrowing from your 401(k) feels appealing because you're technically borrowing from yourself. But the hidden cost is the long-term growth you're potentially giving up. Every dollar you pull from your retirement account stops compounding. Over a 10-year period, that gap can be substantial depending on market performance.
Impact on retirement savings
BHG Financial
None
401(k) loan
Reduces compounding growth
Credit check required
BHG Financial
Yes (soft pull to prequalify)
401(k) loan
No
Risk if you change jobs
BHG Financial
None
401(k) loan
Balance may come
due immediately
Maximum amount
BHG Financial
$250,0001
401(k) loan
Typically 50% of balance,
up to $50,000
Rate type
BHG Financial
Fixed
401(k) loan
Prime rate +1% (typically)
Repayment term
BHG Financial
Up to 10 years1,2
401(k) loan
Typically up to 5 years
A personal loan through BHG Financial gives you fixed payments without drawing from your 401(k).
Keep your retirement savings intact.
Credit cards are the most expensive way to carry a large balance. The average credit card interest rate has climbed well above 20%, and unlike a personal loan, there's no defined payoff date. Minimum payments keep you in debt longer and cost significantly more in total interest.
APR
BHG Financial
Fixed, as low as 6.49%1
Credit cards
Variable, often 20%+
Repayment structure
BHG Financial
Fixed monthly payment
Credit cards
Minimum payment (open-ended)
Defined payoff date
BHG Financial
Yes
Credit cards
No
Maximum borrowing
BHG Financial
$250,0001
Credit cards
Varies by card limit
Impact on credit utilization
BHG Financial
Installment debt (lower impact)
Credit cards
Revolving debt (higher impact)
A personal loan through BHG Financial helps you move beyond revolving credit card debt.
Fixed payments. Defined payoff date.
A home equity loan is different from a HELOC. It delivers a lump sum at a fixed rate, similar to a personal loan, but it's secured by your home. Home equity loans also require an appraisal and a title search, which adds time and closing costs.
Collateral
BHG Financial
None
Home equity loan
Your home
Rate type
BHG Financial
Fixed
Home equity loan
Fixed
Closing costs
BHG Financial
None
Home equity loan
Yes (appraisal, title, etc.)
Funding speed
BHG Financial
In as few as 5 days3
Home equity loan
Several weeks
Risk of foreclosure
BHG Financial
No
Home equity loan
Yes
A personal loan through BHG Financial gives fixed payments without tying your loan to your home.
No home collateral. Clear payoff timeline. Faster funding.
What makes BHG Financial different
More funding. Built around you.
The comparison tables tell part of the story. The rest comes down to how BHG Financial approaches underwriting.
Most providers evaluate borrowers through a narrow lens: credit score, income, and debt-to-income ratio. BHG Financial takes a broader view. With over 25 years of experience and more than $33 billion in loans originated, BHG has built proprietary data models that account for the complexity of high-earning borrowers.
Every borrower works with a dedicated, U.S.-based loan specialist. You get a real person who understands your situation and can move quickly. Approval decisions can come in as little as 24 hours, and funds can arrive in as few as 5 days.3
25 years
Of lending history
$33B+
In loans originated
A+
BBB rating
Know before you borrow
Frequently asked questions
A minimum income of $100,000 is recommended to apply. BHG Financial solutions are built for high-earning individuals whose financial situations often involve multiple income sources or nontraditional compensation structures.
A personal loan is typically unsecured, meaning it doesn't require you to pledge any asset as collateral. Personal loans through BHG Financial are unsecured, so approval is based on your creditworthiness, income, and financial profile rather than the value of property you own. BHG Financial personal loans are unsecured, so your home, car, and savings accounts are not at risk if your financial situation changes.
Getting a personal loan through BHG Financial starts with a soft credit inquiry, which does not impact your credit score4. This allows you to explore your loan options with confidence before making a commitment.
If you choose to move forward and accept your loan terms, a hard credit inquiry is completed near the end of the application process. While this may cause a small, temporary decrease in your score, it only occurs after you've decided to proceed.
For many borrowers, consolidating higher-interest debt with a loan through BHG Financial can have a positive impact on their credit profile. In fact, some BHG borrowers have experienced credit score increases of 40 points or more after using their loan to consolidate debt and reduce outstanding balances.*
You don't need collateral for an unsecured personal loan. Personal loans through BHG Financial require no personal collateral, which means you're not putting your home, vehicle, or savings at risk. Secured loan products, such as HELOCs or home equity loans, do require collateral and carry the risk of asset loss if you default. The trade-off for an unsecured loan is typically a higher interest rate than a secured product, though the rate you receive depends on your credit profile and income.
The maximum personal loan amount depends on the provider and your financial profile. Most mainstream providers cap personal loans at $40,000 to $100,000. BHG Financial offers unsecured personal loans up to $250,0001 for qualifying borrowers, making us one of the few financial solutions providers in the country that can meet large financing needs without requiring collateral.
See if you’re eligible and get started
Prequalifying has no impact to your personal credit score.4
Bankers Healthcare Group, LLC d/b/a BHG Financial NMLS ID# 2040829
Not all solutions, loan amounts, rates or terms are available in all states.
Advertised rates are subject to change without notice.
*Based on internal data, most BHG debt consolidation borrowers may improve their FICO® score by 40+ points within 2 months. Credit scores depend on many factors and individual results may vary based on personal spending habits.
1 Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile. Not all applicants will qualify for the lowest rate.
2 Personal Loan Repayment Example: A $60,000 personal loan with a 7-year term and an APR of 17.06% would require 84 monthly payments of $1,191.38.
3 This is not a guaranteed offer of credit and is subject to credit approval.
4 There is no impact on your credit for applying. For personal loans, a complete credit history, which will appear as an inquiry on your credit report, will be performed upon acceptance and funding of the loan and may impact your credit.
No application fees, commitment, or impact on personal credit to estimate your payment.
Annual percentage rates (APRs) for personal loans range from 6.49% to 28.89%, with terms from 2 to 10 years.
Consumer loans funded by Pinnacle Bank, a Tennessee bank, or County Bank. Equal Housing Lenders. 
For California Residents: Personal 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.