Happen Bank (formerly LendingClub)
LendingClub is now Happen Bank. The company finished its rebrand in June 2026, and lendingclub.com now redirects to happen.com. Happen Bank, N.A. is a nationally chartered, FDIC-member bank that makes personal loans and auto refinance loans and offers checking, savings and CDs. Its old peer-to-peer investing platform closed at the end of 2020.
What Happen Bank offers
- Personal loans: As of November 2026, the site lists loans of $1,000 to $75,000, terms of 24 to 84 months, and APRs of 5.96% to 35.99%. An origination fee of 0% to 8% comes out of the loan. In the bank’s own example, a $15,262 loan with a 6% fee pays out $14,346.
- Auto refinance loans: Offered for existing car loans. The site does not publish an APR range.
- Banking: LevelUp Checking, LevelUp Savings with a variable rate, and certificates of deposit.
- No more investor notes: LendingClub retired its retail Notes platform, where people invested in slices of loans, effective December 31, 2020. It became a bank in February 2021 after buying Radius Bank.
Who it may suit, and who should look elsewhere
Right for you if:
- You want a fixed-payment loan between $1,000 and $75,000, for example to consolidate card balances.
- You are happy to bank and borrow online, with no branches.
Not right for you if:
- You want to invest in peer-to-peer loans. That platform no longer exists.
- You want a loan with no origination fee. A fee of up to 8% can raise your APR well above the interest rate.
Before you apply
The FDIC’s BankFind database lists Happen Bank, National Association (certificate 32551, formerly LendingClub Bank) as an active bank supervised by the OCC. Its parent, Happen, Inc. (NMLS ID 167439), is based at 88 Kearny Street in San Francisco and now trades on Nasdaq as HAPN.
In July 2021, LendingClub agreed to pay $18 million to settle FTC charges that it misled loan applicants about hidden up-front fees and about whether they had been approved.
The bank’s site, happen.com, sends customers to its Help Center and online Member Center. National Loans could not find a customer-service phone number on those pages, so confirm any number before you call it. Compare the APR, which includes the fee, with at least two other offers. The personal loan guide explains how, and you can check a lender’s license before signing.
