29/09/2021
13h12
Documents necessary for the application of Happy Money Personal Loan:
- Copy of government-issued identification
- Proof of income, which can be a W-2 or paystub
- Proof of Checking account
- Social Security number.
Interest and Administration fees:
| APR | 5.99% – 24.99%. |
| Fees | Origination: 0% to 5%. |
| Loan amount | $5,000 to $40,000. |
| Repayment terms | 2 to 5 years. |
| Time to fund after approval | 1 to 2 business days. |
Procedure for the loan application:
Applying for a personal loan typically involves prequalifying for a rate, submitting a formal application and awaiting loan approval. Follow these steps to apply for a Happy Money personal loan:
- Pre-qualify on Happy Money’s website. You’ll be asked how much you want to borrow and what the funds are for as well as some personal information like your name, birthdate, income, employment and whether you own your home. There’s no hard credit pull at this stage.
- Preview loan offers and accept the one that fits your budget. Once you accept a loan offer, you’ll submit a formal personal loan application. This could require more documents, like W-2s, pay stubs and bank statements to confirm the information you gave during pre-qualification. Happy Money will also do a hard credit check when you apply, so your credit score could temporarily dip.
- Make a plan to repay the loan. Happy Money reports your payments to all three major credit bureaus, so on-time payments will help build your credit score, but missed payments will hurt it. Setting up automatic payments and keeping an eye on your budget are two ways to manage your loan payments.