What if I submit more than one application?

The best home improvement loan depends on two things: how much equity you have and how quickly you need the funds. Homeowners with significant equity can access lower starting rates through a Home Equity Line of Credit (HELOC) or home equity loan, but closing costs and appraisal fees may narrow that advantage on mid-size projects. An unsecured personal loan requires no equity, no appraisal, and can be funded in days1 – at a fixed rate that won't move over the life of the project. Happen Bank offers eligible applicants a 1% interest rate discount on personal loans used for home improvement.

The best personal loan rate in 2026 isn't the one with the lowest advertised interest rate: it's the one with the lowest APR, which includes additional finance charges. APR (Annual Percentage Rate) is the only apples-to-apples comparison figure because it includes both the interest rate and any origination fee.

Debt consolidation is a debt management strategy that uses methods like a debt consolidation loan to combine multiple debts into an easy-to-manage monthly payment—usually with a lower interest rate.[1]

Consolidating debt often helps your credit—at least over the long term. A lower interest rate and a single fixed monthly payment make it easier to pay down debt, and lower credit card balances and on-time loan payments often help raise your score.

There are many situations when borrowing money, such as when buying a home, financing an education, growing a business, making home repairs and improvements, or consolidating debt (such as with a personal loan), can make good sense.

Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.

Existing members, including those with an active or previous LendingClub or Happen Bank personal loan or another eligible LendingClub or Happen Bank product, aren't eligible for this promotion.

No. You still have to make your monthly payment.

This offer is available to new borrowers who receive this offer and complete the loan application through the provided offer link by July 16, 2026.

Eligible new customers who receive this promotional offer can earn a $250 account credit to their loan’s principal balance.

Complete the loan application through the provided offer link by July 16, 2026.

{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.

{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 

{noun} The total annual cost to borrow money, including fees, expressed as a percentage.

A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.

{noun} An interest rate that remains the same for a set time, usually for the life of the loan.