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Loans like Bamboo

Bamboo now only offers unsecured personal loans. It is popular with borrowers who have limited or bad credit, or who simply struggle to secure credit through the regular channels. If you're looking for similar lenders to Bamboo, the hunt is over.

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By

Chris Lilly

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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.

Compare loans like Bamboo

NameRepresentative APRLoan amounts
Bamboo Guarantor Loan Bamboo Guarantor Loan 69.9% £1,000.00 to £8,000.00
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
NameRepresentative APRLoan amounts
Bamboo Personal Loan Bamboo Personal Loan 69.9% £2,000.00 to £8,000.00 Check eligibility
Progressive Money Personal Loan for Homeowners Progressive Money Personal Loan for Homeowners 61.91% £1,000 to £15,000 More info
Likely Loans Personal Loan Likely Loans Personal Loan 59.9% £500.00 to £5,000.00 Check eligibility
Savvy Personal Loan Savvy Personal Loan 59.9% £300 to £1,200 More info
Everyday Loans Personal Loan Everyday Loans Personal Loan 99.9% £1,000.00 to £15,000.00 Check eligibility

What is Bamboo?

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.

Alternative lending

There are a few innovative lenders such as Drafty, that offer alternative takes on short term loans fpr less-than-perfect credit scores, to help people avoid expensive unauthorised overdraft fees.

Drafty Line of Credit

Get up to £3,000 when you need it with Drafty

  • Get ongoing access to a flexible line of credit
  • No late fees, no early repayment fees
  • Find out if you’ll be approved without affecting your credit score

Representative example: Borrow £1,200 for 12 months at a rate of 69.4% p.a. (variable). Representative 96.2% APR (variable).

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