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Last Updated: 04/18/2025

Acorn Finance Personal Loans

in Personal Loans from Acorn Finance

Last Updated: 04/18/2025

Created by:

SuperMoney

Fact Checked by:

Andrew Latham

Strongly recommended5 total votes

4 users recommend

1 users are unsure

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Highlights

Community Rating

Strongly recommended

APR (Fixed APR)

6% - 36%(Verified 06/21/2024)

Amount Range

$1,000 - $100,000

Loan Term (Months)

N/A

Number of Reviews

Acorn Finance Personal Loans Review

Acorn Finance Personal Loans is offered by Acorn Finance, a nonbank financial services provider founded in 2017 and based in Sacramento, CA. Acorn Finance Personal Loans are available in 50 states and Washington, DC.

Key Takeaways

APRs starting at 6%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Acorn Finance Personal Loans are on the lower end of the spectrum.
Large loan amounts. You can apply for loan amounts of up to $100,000 with Acorn Finance Personal Loans .

Acorn Finance Personal Loans Pros & Cons

Pros

Cons

Low APRs available to qualified borrowers.
Considers applicants with poor credit.

APRs as high as 36%.
Charges an origination fee.
Does not offer pre-approval with soft credit pull.
Acorn Finance Personal Loans does not report to credit bureaus.
Charges prepayment fees.
No co-sign option available.

Acorn Finance Personal Loans FAQ

What interest rates and personal loan terms does Acorn Finance Personal Loans offer?

Acorn Finance Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Acorn Finance Personal Loans offer?

Acorn Finance Personal Loans offers a fixed APR personal loan product that ranges from 6% APR up to 36% APR.

How much can you borrow via Acorn Finance Personal Loans?

Personal loan amounts start at $1,000 and go up to $100,000

Acorn Finance Personal Loans Interest Rates & Loan Terms

Personal Loan Amount

$1000 - $100000

Loan Term

N/A

APR

6% - 36%

What fees does Acorn Finance Personal Loans charge?

Does Acorn Finance Personal Loans charge an origination fee?

Acorn Finance Personal Loans may charge a personal loan origination fee .

Does Acorn Finance Personal Loans charge a late fee?

Acorn Finance Personal Loans does not disclose whether it charges late payment fees.

Does Acorn Finance Personal Loans charge prepayment fees?

No, Acorn Finance Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Acorn Finance Personal Loans Fees

Origination Fee

Prepayment Fee

N/A

Late Payment Fee

What do you need to qualify for Acorn Finance Personal Loans?

Applicants with a credit score that ranges above 510 may be eligible for Acorn Finance Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Acorn Finance Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Acorn Finance Personal Loans.

To qualify, applicants may need to provide the following documentation:

Driver's license or other government photo ID
Government issued photo ID
Proof of citizenship or residence permit

Acorn Finance Personal Loans Eligibility Criteria

Minimum Age

Bank Account Required?

Credit Score

Starting at 510

Does Acorn Finance perform a hard credit pull?

Yes, Acorn Finance Personal Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Are Acorn Finance Personal Loans legit?

Acorn Finance was founded in 2017, it is a well-established company that has been in business for 9 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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