To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyTo make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyBamboo is a direct lender, based in the UK and lending to around 20,000 people each year. It used to offer two main types of loans: unsecured personal loans, for borrowers who want to borrow up to £8,000; and guarantor loans, for borrowers who have a poor credit score or who need larger sums, but now only offers unsecured personal loans. Suitable for pretty much any responsible purpose, a Bamboo loan might help you to buy a car, make home improvements, consolidate debts or even get married.
Bamboo is a direct lender providing loans to borrowers with fair and poor credit ratings.
When it comes to customer reviews, Bamboo currently has an “excellent” customer rating according to review platform TrustPilot, based on over 19,000 reviews. Many customers praised Bamboo Loans’ customer service and application process.
A guarantor loan is an unsecured personal loan which is “guaranteed” by somebody who trusts the borrower – typically a friend or relative. They agree to pay back the loan should you struggle to meet the loan repayments. This type of loan generally comes with a higher interest rate, as it represents greater risk to a lender, but it is available to people who might struggle to get finance through the regular channels. Generally, where an individual with bad credit is seeking a guarantor loan, the guarantor will need to have good credit. Guarantor loans are available from specialist lenders such as Bamboo.
| Loan amounts | From £2,000 to £15,000 |
|---|---|
| Loan terms | From 12 months to 60 years |
| Age eligibility | 18 years and over |
| Application fee | No application fee |
| Repayment holiday | Repayment holiday not permitted |
If you want to borrow more or if you have a poor credit score, you may need a guarantor loan, where the following additional features will apply:
The rate you are offered by Bamboo will depend on factors like the loan value, the term of the loan, your credit rating and your income. It may differ from the advertised “Representative APR”, because each loan application is assessed on an individual basis.
Bamboo currently has favourable reviews from customers, according to review platform Trustpilot and Google reviews. It has a rating of 4.9 out of 5 on Trustpilot, based on more than 29,000 reviews, which gives it an “excellent” overall review rating. It also has a rating of 4.7 out of 5 according to Google reviews (updated June 2023).
Many customers applauded the customer service and quick and easy loans process, with over 90% of customers on Trustpilot giving Bamboo an “excellent” rating.
For any queries, you can call Bamboo on 0330 159 6010. Lines are open Monday-Friday from 9am-5pm.
You can apply for a Bamboo loan if you meet the following basic criteria:
A guarantor for a Bamboo loan should be someone who is willing and able to make the payments for you if things go wrong. A guarantor for a Bamboo personal loan must also meet the following criteria:
If you think that a Bamboo loan is right for you, here’s how the application process works:
Yes, you can top up or increase your Bamboo loan if you’re an existing Bamboo customer. The most you can borrow on a Bamboo unsecured loan is £8,000, which is the maximum amount you’ll be able to top your loan up to.
All Bamboo loan customers can apply for a loan top up, but your application will need to be approved, and will be subject to normal credit checks. To top up your loan, you’ll need to call Bamboo on Monday to Saturday.
Yes, Bamboo is a direct lender that offers both unsecured personal loans for regular borrowers, as well as guarantor loans for borrowers with poor or limited credit history. If you’re looking to take out a Bamboo loan, you’ll need to apply directly with the lender.
Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much you’d be likely to pay for the loan you have in mind.
To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyTo make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyTo make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyBamboo personal loans can be used for just about any purpose. And if your credit rating is far from perfect, you might want to check out what Bamboo has to offer.
Just remember that the rate you are given depends on a number of factors such as how much you want to borrow, your income and your credit rating. Do a little research to find the best fit for your needs.
Bamboo provided loans of up to £10,000 with or without a guarantor. If you have less than perfect credit or struggle to meet the eligibility requirements of mainstream lenders, it’s not your only loan option.