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Need a helping hand this Christmas?

We can help !!

Apply for our ethical and affordable loans to help with your Christmas costs and spread it over the year, what’s more …with every repayment you make a small amount will be set aside in your savings so you will have built a lovely savings pot for 2024. If you live or work in Wiltshire, Berkshire, Buckinghamshire and Oxford you can become a member of Acorn Community Bank. You can choose to apply for any of our loan products that suits your needs the best. You can also join and apply for the loan on the same day.

ExamplesInterest Rate Per monthRepayment WeeklyMandated SavingsTotal RepayableAPRRepayment every 4 weeksMandated SavingsTotal RepayableAPR
£5003.00% £12 £2 Per Week £590.4039.9%£48 £8 every 4 weeks£60040.60%
£10002.50% £24£3 Per Week £1144.8031.2%£96£12 every 4 weeks£115231.5%
£1,5002.50% £36£4 Per Week£1717.2031.2%£144£16 every 4 weeks£172831.5%
Mandated savings – We ask our members to save alongside the loan repayment. Mandated savings are locked and will only be available for withdrawal once the loan has been fully paid off or a top up application has been accepted.

Representative Example – Borrowing £500 over a year will cost £12 per week. Total amount repayable is £590.40 which includes interest at 39.9% APR. The figures given above are for illustrative purposes only and may not be the APR you receive. The actual interest rates and repayment amounts may vary subject to loan amount and status.

Other Loan Products

Family Loan

Available to all members who wish to repay their loan using Child Benefit payments. Initial loan amount of up to £500 rising to £1000 after 2 years (subject to eligibility).Top-ups available every 4 months.

Acorn Loan

Available to all members for up to £5000, loan can be repaid over 4 years and repayments need to be set up through Standing order. Top-ups available when 50%of the loan has been repaid.

Loyalty Loan

Available to all members who have a built-up savings and wish to use that as a security for a larger loan. Members can apply up to 5 times their savings. Top-ups available when 50% of the loan has been repaid.

Payroll Loan

Available to all members if employed with our payroll partners. Members get preferential interest rate on loans and repayments get deducted directly from salary. Top-ups available when 50% of the loan has been repaid.

For more information please read our FAQ page