Acorn Finance Personal Loans
Would you recommend Acorn Finance Personal Loans to your friends?
| Community Rating |
Rating not yet determined |
| APR (Fixed APR) |
6% - 36% (Verified 08/04/2023) |
| Loan Amount | $1,000 - $100,000 |
| Loan Term (Months) | N/A |
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 5% 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.
- Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Acorn Finance Personal Loans early.
- Cosigner applications accepted. Applying for Acorn Finance Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
Acorn Finance Personal Loans Pros & Cons
| Pros | Cons |
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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 $1,000and 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?
No, Acorn Finance Personal Loans will not charge you a late fee if you miss one of the monthly payments.
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 from 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. Acorn Finance Personal Loans only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Acorn Finance Personal Loans. Their rates fall within the limits of The Military Lending Act.
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
- Government issued photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | Starting at 510 |
Are Acorn Finance Personal Loans legit?
Acorn Finance Personal Loans was founded in 2017. It is an established company that has been in business for 6 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
Contact
- Headquarters
- Sacramento, CA 95861
- (916) 404-1982
- Visit Site
- Email Support
About Acorn Finance Personal Loans
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Employment Statuses Considered |
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| Immigration Status Considered |
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| Joint Loan Applications Accepted |
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| Military Status |
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| Minimum Age | 18 |
| Supported Income Types |
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| Verification Documents Required |
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| Credit Score Range | 510 - |
Acorn Finance Personal Loans Community Reviews
Would you recommend Acorn Finance Personal Loans to your friends?
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