Important: 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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Norwich Trust Limited Unsecured Homeowner Loan | 27.9% | £3,000.00 to £20,000.00 | More info |
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1plus1 Loans Guarantor Loan | 47.8% | £1,000.00 to £10,000.00 | Go to site |
| Name | Representative APR | Loan amounts | ||
|---|---|---|---|---|
 |
Bamboo Personal Loan | 49.9% | £2,000.00 to £15,000.00 | Check eligibility |
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Progressive Money Personal Loan for Homeowners | 61.91% | £1,000 to £15,000 | More info |
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Savvy Personal Loan | 1289.3%. | £300 to £1,200 | 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.
There are a few innovative lenders such as Drafty, that offer alternative takes on short term loans for less-than-perfect credit scores, to help people avoid expensive unauthorised overdraft fees.