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Wave Community Bank: Loans reviews

Name: Loans
Rating: 4.83 (225 reviews)

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4.83

Based on 225 reviews, last reviewed 12th Apr 2026

300% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

96%

2 star

Latest highest rating:

5

If you don't succeed first time, try again. At first I was turned down, a couple of months before I got accepted. I applied again, after I had explained I would be better off, paying off cred... Read more Reviewed on: 12th April 2026

Latest lowest rating:

N/A

This product has not received a review of either 1 or 2 stars.

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About this product

Wave Community Bank follow a strict ethical lending policy for loans.

There are no arrangement fees for a Wave Community Bank loan and repayments include a savings element so you build a savings pot as you pay off the loan. Loans are also available to members aged 70 and over.

Wave Community Bank loan reviews help you find out what it’s really like to be a customer. If you’ve used Wave Community Bank before, you can also leave a review and share your experience.

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Wave Community Bank Loans reviews (225)

Strong alternative to the usual big banks and ethically unreasonable out there

Good core offering for lending and associated credit union product. Not particularly high quality day to day current account as is a third party product but their lending, while conservative, does seem to be ethical and responsible and responsive. I use them now and I will continue to do so. Reviewed on: 25th June 2022

Good community resource

Already recommended wave to family members. I like the fact that you can have seperate "pots of money for different things. Prize saver account is great as well. Reviewed on: 13th June 2022

Ethical and community minded

Being with this credit union helps people in real need. Reviewed on: 13th June 2022

It Makes Sense.

I think the Credit Union is a brilliant way to save whatever you can reasonably afford. I feel that once you become a credit union member it encourages you to continue to save on regular & hassle free way & has become very much easier to withdraw when needed. Reviewed on: 4th June 2022

Very good

I always like to know I can have help Reviewed on: 17th May 2022

Clarity and supportive banking

How great too feel that what we believe are financial hurdles , To being supported and cared for as individuals , and helped with the best advice that’s for your individual money needs , x Reviewed on: 17th May 2022

Safe independant

I really value having a credit union account. I feel it is an important independent community service Reviewed on: 17th May 2022

Brilliant quick respond very helpfull

I opened saving account they help me very quickly and responded to my message so quickly. Very hardly to have and very helpfull thank you Reviewed on: 17th May 2022

Been very supportive

Wave, have been very supportive and always take the time to explain throughly any options, they enabled me to rent a property and save money. Reviewed on: 17th May 2022

A community bank that makes everyone feel important...

Excelkent benefits, fantastic customer services and most of all a bank that helps people fulfill their dreams during financial situatons with your fair loans and low interest rates, especially during covid where i can only imagine the families across the UK you have helped during this unpresident and tough tkmes. I am also renting privately through the council on the deposit scheme and without you allowing me to pay £20 per month to repay my deposit, i would have been able to afford the deposit yo have my own flat. , Reviewed on: 17th May 2022

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