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.
Loans like Bamboo
Bamboo used to provide loans with or without guarantors, but 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.
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.
Will you be approved?
Check your personalised rates and likelihood of acceptance.
Compare loans like Bamboo
| 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 |
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 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.
Get up to £2,500 when you need it with Tappily
- Get ongoing access to a flexible line of credit
- Helps you to avoid expensive 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).
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.