Demo rate card6.9% APR representative (fixed); £1,000.00 to £25,000.00 over 1 to 7 years
The pound values and percentages on this page are invented AcornBank product terms, chosen for a realistic bank-style example. They are not current market offers, an invitation to deposit or invest money or a forecast of what a real bank will pay.
| Product detail | Demo terms |
|---|---|
| Account type | Fixed-rate personal loan |
| Rate, reward or charge | 6.9% APR representative (fixed); £1,000.00 to £25,000.00 over 1 to 7 years |
| Illustrative loan amount | £1,000.00 to £25,000.00 over 12 to 84 months |
| Access | Fixed monthly repayments over 1 to 7 years; early settlement allowed with up to 58 days’ interest in the model |
| Eligibility in the scenario | An adult story applicant with assumed affordability; all decisions are fictional |
| Fees | No arrangement fee; early settlement costs up to 58 days’ interest |
| Representative example | £10,000.00 over 60 months |
| Currency | GBP (£), used solely for fictional calculations |
Fees and charges
| Charge | Model treatment |
|---|---|
| Opening / arrangement | £0.00 |
| Monthly account fee | £0.00 |
| Interest on borrowing | 6.9% APR representative (fixed); £1,000.00 to £25,000.00 over 1 to 7 years |
| Early access | Early settlement allowed with up to 58 days’ interest |
| Real amount payable to AcornBank | £0.00 — this is a fictional demo, not a service |
Acorn Personal Loan is fixed-rate personal loan in the Loans range, used for a planned purchase paid off in fixed monthly amounts. Its live rate card, summary and worked tables sit above this text and update whenever the product record changes.
Keep the cost in the same picture as the rate
A fee can reduce the benefit of interest, growth or cashback, and borrowing interest can exceed a reward. The table distinguishes ongoing charges from an upfront fee. Do not subtract a fee twice: the mortgage total already includes its arrangement fee, while its yearly repayment rows contain repayments only.
The worked examples show the product-specific calculations and timing assumptions in full.
See the whole Loans range or compare every product on the rates page.
What the example does not promise
All figures are invented and shown to make the demo useful to read and crawl. No money is held, no application is available, and no deposit-protection, regulatory or tax-wrapper status is claimed. Calculations do not account for personal tax, inflation or unstated changes in rates. The fictional bank manager can guarantee only that the next paragraph contains no real acorns.
Related reading
- This Is a Fictional Bank — No Real Banking Here
- Site Map — Every Branch of AcornBank
- Rates — Savings, Borrowing and Rewards
- Help — Unruffle Your Tail
- Loans — Borrowing a Wheelbarrow of Acorns
- Acorn Personal Loan — Fetching Your Fictional Stash
- Acorn Personal Loan — How Much Fits in a Hollow?
AcornBank: entirely fictional banking, exceptionally committed squirrels.