Axos Bank is an online lender with over 20 years in the business. The bank offers a variety of banking options including personal loans. Happy Money is a fintech company that connects loan applicants with its lending partners to get them personal loans.

Both lenders have similar personal loan offerings. Applicants must have at least a good and established credit score to apply for a loan with either lender.

Axos vs. Happy Money at a glance

Both Axos and Happy Money offer similar personal loan options. However, Axos has slightly more strict credit requirements for its loans.

Axos Happy Money
Bankrate Score 4.6 4.5
Better for Borrowers with established credit history Consolidating credit card debt
Loan amounts $7,000-$50,000 $5,000-$40,000
APRs 11.79%-20.84% 11.52%-24.81%
Loan term lengths 36-72 months 24-60 months
Fees 1%-2% of the loan amount (depending on your credit score) Origination fee (amount varies by lender)
Minimum credit score 700 640
Time to funding As soon as the same day 3-6 business days

Axos personal loans


  • Prequalification option.
  • No prepayment penalty.
  • Fast funding.


  • High origination fees.
  • High interest rates.
  • High credit score minimum.

Axos Bank is a digital bank that has been around since 2000. The lender operates all online and doesn’t have any brick-and-mortar locations. Axos offers options for unsecured personal loans that can be used to consolidate debt, cover home improvement expenses or help with other major life costs. Axos personal loans cannot be used to fund investments in securities or stocks, cryptocurrency, post-secondary education or short-term real estate investments.

The lender offers flexible loan options with fast funding. The application for a personal loan can be filled out in just a few minutes. Once you are approved and sign your loan agreement, you can receive funds within the same day. If you have any questions throughout the process, you can reach the Axos customer service team Monday through Friday between 8 A.M. and 4:30 P.M. PST.

Axos isn’t the best lending option for those with little or no credit history. It’s important to note that Axos doesn’t allow you to apply for a loan with a co-signer. And, the lender requires applicants to have an established credit history of at least four years and minimum credit score of 700.

Happy Money personal loans


  • Minimal fees.
  • Flexible payment terms.
  • Helpful money management tools.


  • Origination fee.
  • Slow funding timeline.
  • Not available in all states.

Happy Money aims to make personal lending fun. The company does its best to empower customers to use money as a tool for their happiness. Happy Money works with lending partners to connect customers with personal loans to pay off credit card debt.

Happy Money delivers a delightful experience to customers with a bright website and helpful money management tools. Through the online member portal and Happy Money app, customers can see upcoming payments, track loan repayment progress and connect with the customer support team.

However, not everything about Happy Money personal loans is lovely. The company charges an origination fee on all loans. The amount for the fee varies by loan amount and lender, so it’s difficult to know exactly how much customers will pay. Additionally, loans aren’t offered in Massachusetts or Nevada.

How to choose between Axos and Happy Money

Both Axos and Happy Money offer convenient digital lending solutions for personal loans. The lending companies give customers personal loan options with minimal fees and flexible repayment options.

Axos is best for borrowers with established credit history

Axos has stricter credit requirements than Happy Money for its applicants. The lender requires at least four years of established credit history and a credit score of at least 700. Happy Money has a slightly lower credit score requirement of 640. With no option for a co-signer, Axos is best for applicants who have a strong credit history.

Happy Money is best for consolidating credit card debt

The Payoff Loan from Happy Money is built for consolidating credit card debt. When you apply for the loan, you can choose your repayment options based on particular goals, such as the lowest monthly payment, best interest rate or quickest payoff timeline. And, the loan is designed to help improve credit score.

Compare lenders before applying

Both Happy Money and Axos offer personal loan options for those with a good credit score and established credit history. The lenders both operate fully online. When you are shopping for the best personal loan options, consider all your options. Look at other online lenders. And, it could be a good idea to shop with traditional lenders, as well. You never know where you may find the best loan terms and interest rates.