
Happy Money Personal Loans
Would you recommend Happy Money Personal Loans to your friends?
Community Rating | Mostly not recommended |
APR (Fixed APR) |
5.99% - 24.99% (Verified 09/13/2022)
|
Loan Amount | $5,000 - $40,000 |
Loan Term (Months) | 24 - 60 months |
Number of Reviews | 21 |
Happy Money Personal Loans Review
Happy Money Personal Loans is offered by Happy Money Inc., a financial services company founded in 2009 and based in Torrance, CA. Happy Money Personal Loans are available in 48 states (and Washington, DC).
Key Takeaways
- APRs starting at 5.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Happy Money Personal Loans are on the lower end of the spectrum.
- Prequalified rate. You can check your prequalified rate at Happy Money Inc. with a soft pull that will not affect your credit score.
- Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
- No late fees. Missing a payment can seriously damage your credit, but Happy Money Personal Loans will not charge additional fees if you miss the due date on a payment.
- Minimum income of $25,000. You will need an annual income of at least $25,000 to apply for Happy Money Personal Loans, which is above average for the lenders in our database.
Happy Money loan Pros & Cons
Pros | Cons |
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Happy Money loan FAQ
What interest rates and personal loan terms does Happy Money loan offer?
Happy Money loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Happy Money loan offer?
Happy Money loan offers a fixed APR personal loan product that ranges from 5.99% APR up to 24.99% APR.
How much can you borrow via Happy Money loan?
Personal loan amounts start at $5,000 and go up to $40,000.
What is the maximum loan term you can get with Happy Money loan?
Happy Money loan offers loans with terms of up to 60 months.
Personal Loan Amount | $5000 - $40000 |
Loan Term | 24 - 60 months |
APR | 5.99% - 24.99% |
What fees does Happy Money loan charge?
Does Happy Money loan charge an origination fee?
Happy Money loan may charge a personal loan origination fee of 0% to 5% of the personal loan amount. Happy Money loan deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Happy Money loan charge a late fee?
Yes, Happy Money loan may charge borrowers a late payment fee if you miss one of the monthly payments.
Does Happy Money loan charge prepayment fees?
No, Happy Money loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
Origination Fee | 0% - 5% |
Prepayment Fee | No |
Late Payment Fee | $0 |
What do you need to qualify for Happy Money Personal Loans?
Applicants with a credit score of at least 640 and up to 850 may be eligible for Happy Money Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.To qualify for personal loans with Happy Money Personal Loans, applicants need a minimum annual income of $25,000 or higher. Happy Money Personal Loans only considers borrowers who are employed and meet the minimum income requirement.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Happy Money Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Happy Money Personal Loans. Not all companies will work with visa holders. Happy Money Inc. does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
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Credit Score | 640 - 850 |
What is the estimated funding time for a personal loan via Happy Money loan?
Happy Money loan will typically approve (or deny) a loan application within 3 hours and fund loans within 7 business days of approval.
Does Happy Money Personal Loans report your account activity to credit bureaus?
Yes, Happy Money Personal Loans reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
Is Happy Money Inc. a legit company?
Happy Money Inc. was founded in 2009, it is a well-established company that has been in business for 14 years. Happy Money Personal Loans are mostly not recommended by SuperMoney community users.
Message From Happy Money loan
Message From Our Editor
Contact
- Headquarters
-
21515 Hawthorne Blvd
Torrance, CA 90503 USA - (800) 878-0901
- Visit Site
- Email Support
About Happy Money Personal Loans
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
Late Fee Amount | $0 |
No Late Fees | |
No Prepayment Fee | |
Origination Fee (%) | 0% - 5% |
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