If you need a new computer or other tech supplies for the upcoming academic year, you’re in luck! Thanks to a new partnership between the UCLA Store and Wescom Credit Union, patrons can get loans of up to $3,000, interest-free for 36 months for new tech equipment as part of Wescom’s Technology Loan (“Loan”).
The Loan – which applies to all computers, tablets, software, and tech accessories – began August 24, 2020 and all UCLA students, staff, faculty, retirees and alumni are eligible. Loans of $500-$2000 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. 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 ASUCLA Marketing. “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.”
“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,” said Jeff Smrcka, Vice President Consumer Lending at Wescom. “We’re excited to partner with the UCLA Computer Store for the first time and further our banking relationship with the Bruin community.”
For more information or to apply, please visit ucla.wescom.org/technology-loan. Loan subject to approval. Terms and restrictions apply.