WESTWOOD, Calif.–A new partnership between the UCLA Store and Wescom Credit Union is offering loans of up to $3,000, interest-free for 36 months.
Wescom’s “Technology Loan” is available on all computers, tablets, software, and tech accessories and is available to all UCLA students, staff, faculty, retirees and alumni. Loans of $500-$2,000 will carry an interest-free term of 24 months, and loans of $2,001-$3,000, an interest-free period of 36 months.
“For example, a monthly payment on a 24-month term would be $41.67 per $1,000 borrowed,” said Wescom.
Credit application and Wescom membership is required to qualify for the loan, and monthly payments begin 45 days after the loan is completed.
“Having affordable, convenient options for Bruins to meet their technology needs is incredibly important, especially for our students,” said Ari Baron, director of marketing with Associated Students-UCLA. “By partnering with Wescom Credit Union for the Technology Loan, we can further that goal and ensure that Bruins can access current technology on any budget.”
Building ‘Better Lives’
Added Jeff Smrcka, vice president of consumer lending at Wescom, “We’re here to build better lives for all Bruins by offering a zero interest loan that’s affordable – especially during this time, when we are relying on technology more than ever. We’re excited to partner with the UCLA Computer Store for the first time and further our banking relationship with the Bruin community.”