Balance Transfer Loans

Consolidate your debt

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

What is a balance transfer loan?

A balance transfer loan is a personal loan that simplifies debt consolidation by letting Happen Bank pay some or all of your creditors for you. You choose which accounts are paid and how much of your new loan amount you want applied to each. Any funds remaining from your loan amount after your creditors are paid will be deposited directly into your bank account.

Join over 5 million members making it happen

• Borrow up to $75,000
• Quick and easy online application
• Eligibility based on credit history
• Funding in as little as 24 hours
• No prepayment fees

Access some of our lowest available rates

Save money

Consolidate your debt and make one easy payment per month.

Save time

Hassle-free direct payment to your creditors—you decide who to pay and how much each receives.

Improve your credit

When you pay debt down, your credit scores may go up.

What our members are saying

“By selecting a balance transfer loan, even with the origination fee, my APR was lower than the next best competitor I was considering. Payment terms are straightforward, early payoff is allowed—and the loan feels much more manageable than the ones I consolidated under it.”
—Justin, a member from Pennsylvania

Applying is easy. Let's make it happen.

Steps to Apply

• 1. Apply online in minutes

Get customized loan options based on what you tell us.

• 2. Review your options in seconds

Select the rate, term, and payment options you like best.

• 3. Get funded in as little as 24 hours

Once your loan is approved for funding, we’ll pay your creditors directly or send the money in as little as 24 hours.

Frequently asked questions

How is a balance transfer loan different from a balance transfer credit card?

When you transfer debt from one credit card to another, you may not be setting yourself up for financial success. Oftentimes, people end up transferring what they already owe from one high-interest credit card to another high-interest rate card—and, unfortunately, may pay a transfer fee plus accumulating more debt due to introductory offers.

In contrast, a balance transfer loan from Happen Bank is a better way to take control of your debt by

1. Transferring your credit card balance into a competitive, fixed-rate personal loan paid over a set period.
2. Allowing us to pay your creditors for you—saving you time and hassle.

Which creditors can Happen Bank pay directly with a balance transfer loan?

We work with a network of over 1,700 credit card, bank, and lending companies. You can add your creditors to see if they are accepted during your application.

What’s the difference between a cash loan and balance transfer loan?

With a balance transfer loan, Happen Bank pays your creditors directly, making it simple for you to consolidate debt with minimal effort. In contrast, cash loans deposit funds into your account, and you need to manage payments to creditors yourself.

How quickly can I get a balance transfer personal loan?

The application can be completed online, and you can help things along by checking your To-Do List for any incomplete documents.

Will checking my rate hurt my credit score?

Checking your rate with Happen Bank does not impact your credit score because we use a soft credit pull. A hard credit pull occurs only if you continue with your application.

How do I make payments on a balance transfer personal loan?

You can have payments automatically withdrawn from your bank account or mail a check each month if preferred.