Our family loan has been very popular since it was launched and continues to provide a safe financial relief to many of our members. We are now delighted to launch our new loan – ACORN LOAN which similar to the family loan but offered to people who do not receive child benefit. So that fair and ethical financial help is available to all member of our community.
- Fair – available to all member existing & new as a first loan, subject to affordability and credit score.
- Fast – Apply online through our user-friendly app, the loan will be paid directly into your bank account once it is approved, and agreement is signed.
- Fixed – Simple Fixed interest rates: you will know exactly how much you’ll pay back each month and there are no set up or hidden fees. No early repayment fees.
- Save as you borrow: £2 per week will go towards mandated savings which will build a nice savings pot for you by the time your loan is paid off.
- Top up as you pay off – apply for a top up on completion of 4 months provided the existing loan bal is at £300 or less.
- Boost your credit score – meet your monthly repayments and it’ll help to build a positive credit score, unlocking borrowings at lower rates in the future.
- Qualify for our best rates – when you’ve paid off your first Acorn Loan , you could qualify for our loyalty loan, which has a cheaper interest rates of between 6.2% – 34.5% APR
If you would like to join WASCU and apply for your first Acorn loan now, please press here.