Funeral Loans - Apply for Up To $75,000 | Happen Bank
Funeral Loans
Personal loans to help with funeral costs
What's the money for? Credit card refinancing, Debt consolidation, Home improvement, Major purchase, Car financing, Green loan, Business, Vacation, Moving and relocation, Other
How can a funeral loan help?
Faced with making quick decisions about funeral financing, grieving loved ones often turn to variable, high-interest-rate credit cards. A competitive, fixed-rate personal loan can quickly get you the money you need to cover burial, cremation, and other funeral-related expenses. Predictable monthly payments on a defined repayment term can give you peace of mind.
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
Why choose a funeral loan?
Lock in a fixed rate
With an affordable fixed rate, your monthly payment never increases.
Cover all costs
Confidently plan everything from family members’ travel arrangements to services.
Peace of mind
Predictable monthly payments on a defined repayment term.
Frequently asked questions
Ways to use a funeral loan
Funeral costs can add up quickly. A funeral loan can help make sure those expenses are covered.
- Traditional burials and embalming services, cremation, and eco options
- Funeral home service fees
- Memorial service fees
- Funeral plot and grave marker or headstone
- Casket or vault
- Burial clothes, including composting suits
- Urn
- Hearse and transportation
- Officiant
- Musician
- Flowers and wreaths
- Travel arrangements for family members
How funeral loans work
A personal loan for funeral expenses can be a quick and affordable option during an emotional, stressful time. With Happen Bank, you can check your rate without obligation or impacting your credit score. Upon loan approval, money is deposited directly into your bank account, typically within two days. You’ll then make fixed monthly payments for the duration of your repayment term. If at some point you decide to pay off your loan early, no prepayment fees will be applied.
How to compare funeral loan lenders
When deciding which personal loan lender is right for you, you’ll want to compare:
- Loan amounts: Loan amounts vary by lender and eligibility criteria.
- Interest rate ranges: Interest rates vary by lender.
- Eligibility: Loan approvals are typically based on credit score, payment history, and income.
- Fees: Application costs, origination fees, and prepayment penalties vary by lender.
- Joint applications: If you think you might not qualify on your own based on your credit history, work with a lender that accepts co-borrowers.
- Timing: Funeral loans are often time sensitive.
Personal loans vs. Credit cards
Personal loans
- Installment loans can help you pay down debt and take control of your budget.
- Single, fixed rate monthly payment is easy to manage.
- Fixed monthly payment and payoff date saves you money over time.
- Lower average APRs compared to credit cards.
Credit cards
- Revolving credit accounts can lead to overspending.
- Managing multiple credit cards with variable due dates, limits, and terms is time consuming and stressful.
- Low minimum monthly payments can trap you in a cycle of debt.
- Higher average APRs are an expensive way to pay for large purchases.
What our members are saying
"They helped me when I was turned down by my bank and the process was very fast."
—Brenda, a member from California
How can we help?
How do I qualify for a personal loan to pay for funeral expenses?
Your credit and payment history play a big role in determining if you qualify, and the rates and terms you receive.
Which lenders are best for funeral loans?
Many online lenders offer unsecured personal loans you can use to pay for funeral costs.
Can I get a funeral loan with poor credit?
You may get a personal loan for funeral expenses if your credit scores are below fair.
Will I have to pay up front for a funeral?
Many funeral homes today expect payment in full and in advance. If you have time to prepare, compare service costs between funeral homes.
How much does a basic funeral cost?
The cost of a funeral varies widely depending on your location and the services you want.
What can I do if I have no money for a funeral?
If you can't afford to pay for burial costs, state or local governments may be able to provide financial assistance.