Please note
Bamboo no longer offers guarantor loans but instead now offers unsecured personal loans for those with bad credit. You can read our review of Bamboo unsecured loans here.
Bamboo no longer offers guarantor loans but instead now offers unsecured personal loans for those with bad credit. You can read our review of Bamboo unsecured loans here.
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.
Name | Representative APR | Loan amounts | ||
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Bamboo Guarantor Loan | 69.9% | £1,000.00 to £8,000.00 | |
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TFS Loans Tenant Guarantor Loan | 49.9% | £2,000.00 to £5,000.00 | More info |
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UK Credit Limited Unsecured Homeowner Loan | 26.9% | £3,000.00 to £20,000.00 | More info |
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Trusttwo Trusttwo (Homeowner Guarantor) Personal Loan | 36.9% | £1,000.00 to £15,000.00 | More info |
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UK Credit Limited Tenant Guarantor Loan | 39.9% | £2,000.00 to £6,000.00 | More info |
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Amigo Guarantor Personal Loan | 49.9% | £1,000.00 to £10,000.00 | More info |
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Trusttwo Trusttwo (Tenant Guarantor) Personal Loan | 36.9% | £1,000.00 to £15,000.00 | More info |
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1plus1 Loans Guarantor Loan | 47.8% | £1,000.00 to £10,000.00 | Check eligibility |
Name | Representative APR | Loan amounts | ||
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Bamboo Personal Loan | 59.7% | £1,000.00 to £8,000.00 | Check eligibility |
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Progressive Money Personal Loan for Homeowners | 56.86% | £1,000 to £15,000 | More info |
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Likely Loans Personal Loan | 59.9% | £500.00 to £5,000.00 | Check eligibility |
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Savvy Personal Loan | 319.5% | £300 to £3,000 | More info |
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Everyday Loans Personal Loan | 99.9% | £1,000.00 to £15,000.00 | Check eligibility |
There are a number of reasons why borrowers can feel let down by mainstream lenders. Tight eligibility criteria can act against those whose credit record isn’t perfect, those who have declared bankruptcy and those who have had CCJs. Other would-be borrowers may simply not have been able to build up a good credit history because they’ve never borrowed money or had a credit card.
Bamboo loans is a specialist lender which has opted to focus on catering to this section of the market. Thankfully, specialist lenders like Bamboo have now become more commonplace.
As well as straightforward unsecured personal loans (typically suitable if your credit score is fair to good), Bamboo offers “guarantor” loans – loans which are guaranteed by a relative or friend 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.
There are a few innovative new lenders such as Tappily, that offer alternative takes on short term borrowing for less-than-perfect credit scores. Tappily was primarily designed to help people avoid expensive unauthorised overdraft fees.
Representative example: Amount of credit: £1,200. Interest rate: 0.34% per day for up to 75 days (25.5% (variable) per annum). Representative 49.7% APR (variable).