No. This promotion doesn’t provide cash or a deposit into your checking or savings account. The $250 is applied directly to the principal balance of your eligible personal loan as stated in the offer.
Will I receive $250 in my bank account?
Last Updated June 8, 2023less than a minute read
Additional July $250 Account Credit Promotion FAQ
Keep more of what you earn and earn more on what you save.
Checking your rate won’t impact your credit score.2
Happen Bank Resources
Related Articles
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.
The time value of money means money today is worth more than the same amount in the future due to its earning potential. It reflects the benefit of receiving money now versus later.
Getting approved for a personal loan usually takes a few days depending on the lender, your credit score, and how quickly you submit required documents.
Related Impact
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.
Related FAQ's
Complete the loan application through the provided offer link by July 16, 2026.
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.
No. You still have to make your monthly payment.
Only the first qualifying funded loan associated with an eligible promotional offer can receive the account credit.
Eligible new customers who receive this promotional offer can earn a $250 account credit to their loan’s principal balance.
Related Glossary
{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.
