Lenders like Amigo

Amigo provides loans for borrowers who have a limited or damaged credit record, or those who simply struggle to secure credit through the regular channels. It's not alone in doing this, however.

Compare loans like Amigo

NameRepresentative APRLoan amounts
Amigo Guarantor Personal Loan Amigo Guarantor Personal Loan 49.9% £1,000.00 to £10,000.00
UK Credit Limited Unsecured Homeowner Loan UK Credit Limited Unsecured Homeowner Loan 26.9% £3,000.00 to £20,000.00 More info
1plus1 Loans Guarantor Loan 1plus1 Loans Guarantor Loan 47.8% £1,000.00 to £10,000.00 Go to site

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

What is Amigo?

Amigo has made a name for itself in the UK loans market by offering “guarantor” loans – loans which are guaranteed by a relative or friend (hence the name) of the borrower. The guarantor promises to step in and pay off the loan in the event that the borrower is unable to do so, for whatever reason.

For those who feel let down by mainstream lenders, either because they don’t meet eligibility criteria or because their credit history is less than perfect, companies like Amigo can provide invaluable access to finance, but it does come at the cost of relatively high interest rates.

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2 Responses

    Default Gravatar
    JimbonAugust 9, 2018

    Hi I’m looking for a lender who would accept the guarantor living on the isle of man

      Avatarfinder Customer Care
      joelmarceloAugust 10, 2018Staff

      Hi Jimbon,

      Thanks for leaving a question on finder.

      Both Amigo and TrustTwo stipulate that the applicant and guarantor must be UK residents (for TrustTwo the guarantor must be a UK homeowner).


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