Personal loan review
Formerly LendingClub
Happen Bank personal loans
Best for: Co-borrowers and paying off cards
Happen Bank — the new name for LendingClub since mid-2026 — offers loans up to $75,000 with terms up to seven years. Co-borrowers are welcome, and choosing direct payment to your creditors or AutoPay can lower your APR.
- Joint applications
- Pays creditors directly
- 0.5% AutoPay discount
Terms last reviewed October 23, 2026
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Happen Bank at a glance
- APR range
- 5.96%–35.99%Direct Pay or AutoPay can lower the APR by 0.50%
- Loan amounts
- $1,000–$75,000
- Repayment terms
- 2–7 years
- Origination fee
- Up to 8%Deducted from loan proceeds
- AutoPay discount
- 0.5% off APR
- Credit needed
- Fair to goodNo published minimum; approvals reportedly start around 600
- Time to funding
- As soon as 24 hours after approval
- Soft-pull rate check
- Check with lender
- Joint applications
- Yes
- Pays creditors directly
- Yes
- Secured loan option
- No
Pros and cons
Pros
- Co-borrowers allowed
- Direct Pay to creditors with a rate discount
- Loans up to $75,000
- Terms up to 7 years
Cons
- Origination fee up to 8%
- High maximum APR for weaker credit
What a $10,000 loan could cost
Your rate depends on your credit and finances. Here's the range of monthly payments at Happen Bank's lowest and highest advertised APRs, before any origination fee.
| Term | At 5.96% APR | At 35.99% APR |
|---|---|---|
| 36 months | $304/mo $945 total interest | $458/mo $6,487 total interest |
| 60 months | $193/mo $1,589 total interest | $361/mo $11,676 total interest |
Requirements
- Fair credit or better
- Verifiable income
- US citizen or permanent resident
How to apply
- Check your credit report and score so you know which rates are realistic.
- Gather your documents before applying — Happen Bank may run a credit check when you apply.
- Compare the offer with at least two other lenders on APR and total cost.
- Submit the full application with proof of income and identity.
- Review the final loan agreement, then sign and receive your funds — as soon as 24 hours after approval.
Featured in
- Best Personal Loans of 2026 — Best for co-borrowers
- Best Debt Consolidation Loans of 2026 — Best Direct Pay discount
- Best Personal Loans for Fair Credit (2026) — Best with a co-borrower
Frequently asked questions
Does Happen Bank do a hard credit check?
Check Happen Bank's site for whether its rate check uses a soft or hard inquiry. A formal application will involve a hard inquiry.
How fast does Happen Bank fund loans?
As soon as 24 hours after approval, once your loan is approved and verified. Timing also depends on your bank.
What credit score do you need for Happen Bank?
No published minimum; approvals reportedly start around 600. Lenders also look at your income, existing debts and credit history, so there's no guaranteed approval score.
Does Happen Bank charge an origination fee?
Yes — Up to 8% of the loan amount. Deducted from loan proceeds
How we compare lenders
Our methodology
We review each lender's published terms and compare them on the four things that matter most to borrowers. Rankings are editorial: partners can't pay for a better position, and any sponsored link is labelled. Lender terms change often, so we show the date each lender was last reviewed.
Cost
Published APR range, origination and other fees, and any AutoPay or Direct Pay discounts.
Flexibility
Loan amounts and term lengths, and whether secured or joint options are available.
Access
Which credit profiles a lender serves, and whether you can check your rate with a soft pull.
Speed & service
How quickly funds arrive after approval, and borrower-friendly features like paying creditors directly.
Rates, fees and terms are as published by Happen Bank and were last reviewed on October 23, 2026. They can change at any time, may vary by state, and your offer depends on your credit profile. Confirm current details with Happen Bank before applying. This review is general information, not financial advice.
Alternatives
Other lenders to compare
LightStream
Excellent credit and no fees
- APR
- 7.24%–24.89%
- Amount
- $5,000–$100,000
SoFi
Large loans and fast funding
- APR
- 6.99%–35.49%
- Amount
- $5,000–$100,000
PenFed Credit Union
Low maximum APR and small loans
- APR
- 6.74%–17.99%
- Amount
- $600–$50,000