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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)

ETHICAL AND JUST?...

This website is owned by family building society - company house confirms this - but they don’t say this on the website. do you confirm? https://en.wikipedia.org/wiki/Family_Building_Society Reviewed on: 30th June 2023

Big help, changes life

Wave community helps people in need. Easy to apply to them and so very pleased I found them as in my desperate time needing financial assistance they were there. Thank you very much. Reviewed on: 29th June 2023

Speedy no nonsense loan

The team were fast at handling my loan request. They were efficient and clear about what they could offer. Really reasonable loan rate over a reasonable time. And the money goes back in to my local area to support people - couldn't recommend highly enough. Reviewed on: 29th June 2023

The wonderful wave

I've been with the wave community bank for years, but have only just applied for a loan. They have been amazing helpful and extremely friendly. Since first applying the replies have been almost instant. There has been excellent communication and advice in all processes along the way. I am now able to pay off my credit card debit and build up my savings at the same time. I would highly recommend both the savings and the loans department to anyone. Reviewed on: 29th June 2023

Simplicity and affordability

I was a little dubious at first when applying for a wave bank loan. However, after following the simple application process and the way the loans are managed I was very happy to be accepted. The way they manage the loan and make it very easy to pay back early if required allowed me to save the Nye test payments and make the loan affordable in the long term. I found the customer services to be exceptionally professional and knowledgeable when I had a query. I would, without hesitation, recommend this company to all who have a requirement for savings and/or loans. Reviewed on: 29th June 2023

Great customer service

I found the whole process simple and the customer advisors I spoke to were very helpful and easy to talk to. Great to have savings plan alongside paying loan payments. Highly recommend wave community bank. Reviewed on: 29th June 2023

fantastic opportunity for everyone

my family could not have gone on a much deserved holiday if it wasn't for an affordable loan...and my whole family are very grateful...THANK YOU. Reviewed on: 29th June 2023

Amazing service!

Wave bank was very helpful for me when I needed a loan, they approved my loan very quickly and was very friendly when they phoned me, very helpful and always there to help! Thanks wave bank! High recommend Reviewed on: 29th June 2023

Loans

Application process is relatively straightforward and paying the loan back you can save at the same time so it’s a win win Reviewed on: 29th June 2023

Lovely staff and great service

Very easy to use and staff are always very helpful and polite. Reviewed on: 29th June 2023

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