Is Acorn Finance Personal Loans the right fit for you?
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +80
Strongly recommended5 total votes
Community Recommended Products
View AllSponsored
Strongly recommended703 Reviews
Learn MoreSponsored
Strongly recommended326 Reviews
Learn MoreSponsored
Strongly recommended314 Reviews
Learn MoreGet Competing Personal Loan Offers
Compare personal loan offers from multiple vetted lenders.
Discover your lowest eligible rate in minutes.
See how much you qualify for and what your monthly payment will be.
Get Personalized Rates
Quick, easy, and won’t hurt your credit.
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 .
- Cosigner required. Applicants must have a cosigner to complete an application.
Acorn Finance Personal Loans Pros & Cons
| Pros | Cons |
|
|
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
| 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.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
|
| 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.
Created by
Fact Checked by
Other Services by Acorn Finance
Community Recommended Products
View AllSponsored
Strongly recommended703 Reviews
Learn MoreSponsored
Strongly recommended326 Reviews
Learn MoreSponsored
Strongly recommended314 Reviews
Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +80, or 4.6 on a 5-point rating scale.
+80
-1000+100
No one recommends
Everyone recommends
Acorn Finance Personal Loans Community Reviews
Would you recommend Acorn Finance Personal Loans to your friends?
DJ
David J.
Nov 9, 2023
May or may not recommend
My buddy put me onto Acorn Finance for a personal loan and it's been alright. Got a decent rate without a fuss, and they accept cosigners which is cool. They don't hit you with a late fee, but that prepayment charge could be a pain if you're trying to settle early. It's a decent option if you need a big loan, but I've got a hunch there might be better ...Show More
Peter A.
Nov 2, 2023
May or may not recommend
Acorn Finance Personal Loans, you are the best! Your rate was definitely the lowest by far for me! My credit is not the best right now and other lenders interest rates were too high with less money to lend me. Acorn Finance gave me much more money than I asked for with lower payments and interest rates. The loan process was simple and quick. David, my representative, was personable and ...Show More
KW
Kenneth W.
Oct 4, 2023
May or may not recommend
Applicarion process simple and efficient. within minutes various options with different terms were provided, for our selection. Terms were very competitive and better than the Navy Fed Credit Union, USAA & BofA. I would highly recommend and utilize Acorn Finance.
Lily M.
Jan 25, 2023
May or may not recommend
The process was simple and clear. Picked out the amount and payback plan that was best for me, filled out the form, received approval, and the loan was in my account within three business days. Before finalizing my decision, I studied many other companies; read lots of reviews. After doing the research, the decision to use Acorn was an easy one to make. The result was the icing on the ...Show More
CO
Chizobam O.
Dec 5, 2022
May or may not recommend
They do not offer a soft pull which is a disadvantage but apart from that getting a loan takes a few days, and the application is very easy and straight to the point. The charging fee to initiate isn't that bad because their interest makes it all worth it.
Showing 5 of 5 reviews
You might also like
Best Personal Loans
SuperMoney
What You Need to Know About Personal Loan Rates
Audrey Henderson
Point-of-Sale Financing: How to Finance Purchases Online
Eliana Carmona