CLEARBORROW · PUBLISHED NOVEMBER 12, 2026
LendingClub review: Happen Bank personal loans, APR and fees
LendingClub renamed itself Happen Bank in 2026; its personal loans continue under the new name. Published terms: $1,000 to $60,000, 5.96% to 35.99% APR including an origination fee that is mostly 0% to 8%, and terms of 24 to 84 months. Its representative example — $15,262 at 18.40% APR — pays out $14,346 and costs $522 a month for 36 months.
Independent review. LendingClub (Happen Bank) is not a ClearBorrow partner and we earn nothing from it. Facts come from LendingClub (Happen Bank)’s own published pages, checked November 12, 2026; we did not apply for a loan. Terms differ by state.
On this page
LendingClub is now Happen Bank
LendingClub announced in April 2026 that LendingClub Bank would become Happen Bank, rolling out over the summer; the holding company becomes Happen Inc. (American Banker ↗). The lendingclub.com pages now carry the Happen Bank name.
Published terms
| Published terms | |
|---|---|
| Amounts | $1,000–$60,000 (one footnote says up to $75,000) |
| APR | 5.96%–35.99% including the origination fee (valid as of November 5, 2026) |
| Term | 24–84 months |
| Fees | Origination fee mostly 0%–8%; may be higher through some partners; no application fee |
| Lender | A bank (Member FDIC), not a marketplace intermediary |
Sources: LendingClub rates ↗, personal loans page ↗, fees page ↗.
What it costs
| LendingClub’s published example | Figure |
|---|---|
| Loan | $15,262, 36 months |
| Interest rate / fee | 13.99% / 6% ($916) |
| APR | 18.40% |
| Money received | $14,346 |
| Payments | 36 × $522 = $18,792 total (our arithmetic) |
Strengths and weaknesses
| Strengths | Weaknesses |
|---|---|
| Low starting APR for excellent credit | Origination fee up to 8% (higher via some partners) |
| Bank lender with checking and savings | Brand change can confuse searches and statements |
| Terms up to 84 months | Pages disagree on the maximum amount |
Who it may fit
Good-credit borrowers consolidating larger balances. Ask whether your offer has a fee — a no-fee offer from another lender can beat a lower rate with 8% taken off the top.
Alternatives to compare
- Credit union loans and PALs — often the cheapest option if you are a member.
- Best Egg, SoFi and LendingClub for good credit.
- Upstart, Upgrade, Avant and OneMain for fair credit.
- Our loan calculator to compare total repayment.
Questions
Is LendingClub still in business?
Yes. It renamed its bank Happen Bank in 2026; existing loans continue under the new brand.
Does checking my rate hurt my credit?
LendingClub says checking a rate is a soft inquiry; a hard inquiry appears only if a loan is issued.
Does LendingClub charge an application fee?
No. It charges an origination fee only when the loan is funded.
Sources and limits
- LendingClub (Happen Bank): personal loan APR and fees, valid as of November 5, 2026 ↗
- LendingClub (Happen Bank): personal loans (representative example) ↗
- LendingClub: personal loan rates and fees ↗
- American Banker: LendingClub rebrands as Happen Bank (April 2026) ↗
Sources checked November 12, 2026. Lenders change rates, amounts and state coverage; confirm on the lender’s own rates page for your state before applying. Worked examples are our own arithmetic unless marked as the lender’s published example. How we use sources.