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How do I qualify for a personal loan?

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Requirements

To qualify for a lending product with Happen Bank, you must: 

  • Be a U.S. citizen or current resident (we accept applications from all U.S. states and Washington, D.C.; however, we don't accept applications from the U.S. territories)

  • Be at least 18 years old 

  • Have a verifiable bank account

How your application is evaluated 

We look at several factors when reviewing your application, including:

  • Information from your application

  • Information about you from credit bureaus

  • Your credit score

  • Other information that predicts the likelihood that you'll make on-time payments until your loan is fully repaid

Applicants who qualify for the lowest rates have:

  • A high credit score

  • A low percentage of debt compared to income

  • A long history of successful credit lines

In some cases, you may need to add a co-borrower to help you qualify. If so, you can simply click Add a Co-Borrower on the application page to start a joint application.

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For Personal Loans, APR ranges from 5.96% APR to 35.96% APR and origination/processing fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination/processing fees are determined at the time of application. The lowest APR may be available to borrowers with excellent credit, subject to additional factors including, but not limited to, loan amount, loan term, and sufficient investor commitment. Advertised rates and fees are valid as of July 06, 2026, are subject to change without notice, and may not be available for all Personal Loan products and/or through all application channels or platforms.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $15,262 for a term of 36 months, with an interest rate of 13.99% and a 6% origination fee of $916, for an APR of 18.40%. In this example, the borrower will receive $14,346 and will make 36 monthly payments of $522. Loan amounts range from $1,000 to $75,000 and loan term lengths range from 24 months to 84 months. Some amounts, rates, and term lengths may be unavailable in certain states, and may not be available for all Personal Loan products and/or through all application channels or platforms.

Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.

Unless otherwise specified, all credit and deposit products are provided by Happen Bank, N.A., Member FDIC, Equal Housing Lender (“Happen Bank”), a wholly-owned subsidiary of Happen, Inc., NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit products are subject to approval, which may include credit approval. 

Our mailing address is: Happen Bank, N.A., 88 Kearny Street, Suite 600, San Francisco, CA 94108. 

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