Can I apply for additional loans?

Last Updated June 8, 2023
If you’re eligible for an additional lending product, we’ll usually inform you through email or your online account summary. If you haven’t received an invitation but want to see if you’re eligible, you’re always welcome to check your rate—it’s a soft inquiry that won’t affect your credit.

There’s no limit to the number of accounts you can apply for, but your total borrowed amount across all Happen Bank loans can’t be more than $75,000.

Understanding eligibility

Curious about what can affect your eligibility? These are some of the main factors we look at for additional loans:

Outstanding balance and length of your current loans
Payment history with Happen Bank
Account standing of your current loans

It’s important to us that our members’ debts stay manageable. If you aren’t eligible for another lending product just yet, work on paying down your existing account consistently and on time.

Additional Application Process FAQ

Personal loans up to $75,000

What's the money for?
Credit card refinancing
Debt consolidation
Home improvement
Major purchase
Home buying
Car financing
Green loan
Business
Vacation
Moving and relocation
Medical expenses
Other

Check Your Rate
Checking your rate won’t impact your credit score.

Glossary Terms

Revolving Credit
{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.
Accrued Interest
{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.
Annual Percentage Rate (APR)
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
Fixed Interest Rate
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.

Important Information

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. 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.