Amigo Loans

APR: 49.9% Representative
Loan amount: £500 - £10,000
Repayment duration: 12 - 60 Months
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Amigo Loans customer reviews

4.8 out of 5 from 20131 reviews

Poor support in time of need

07:26 09-03-2017

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I took out an amigo loan, I had never missed a payment and paid on time every month for approx 3 years. Unfortunately I became ill, had to take time off work. I was off work for 10 weeks, on my return I had to work reduced hours for a short period. This lead to a significant reduction in my pay! I contacted amigo customer services to whom I informed this was only a short term problem and my financial situation would return to normal within 3 months. They basically had no intentions of helping me for this short period of time and went straight to my granator, which was my mum. My mum didn't hesitate to pay, and was more than willing to support me through this difficult time due to illness. Since this, my loan payments have still been maintained monthly, however within 1 month I have know been served with a default on my account which will affect my credit rating, which I had been trying so hard to improve over the years! As my mum said'she could of just transferred the money to me and I could of continued paying and they'd be none the wiser!!' However after trying to do the right thing and asking for support! I feel extermely let down by this company!

Tracey Morgan

Very prompt service

22:59 08-12-2017

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I have acted as guarantor for a young man who I have supported for some years. To fulfil a career ambition opportunity with a very tight timetable the staff at Amigo worked incredibly quickly to help secure his loan. Literally within hours the loan was established! The friendly, helpful and polite response to our enquiries was exemplary!

Geoff Fagence

Avoid at all costs

09:32 28-02-2017

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I stood guarantor for someone who I later found out was bankrupt. Amigo did not do any checks on her but yet was all over my credit file on numerous occasions. She missed the first few payments and the interest they added to the loan was astronomical making the amount I had to pay back nearly 10 thousand pounds on a 5000 pound loan!! Yet they quote they don't charge any extra fees I worked out even if they charged late fees every month it wouldn't have cos as much as the extra interest . They hounded me with calls and txt to make the payments and their attitude was condescending with a smart a***d answer to everything I am currently seeking legal advice as the loan was paid out illegally as it states in their terms and conditions that the person applying must not be bankrupt. They do not do enough checks on the person applying and why would they when all the onus falls onto the guarantor so do yourself a favour if you trust anyone enough and get a loan in your own name because ultimately if they don't pay at least you pay back a reasonable amount not the 49.9% thst these sharks charge which when you work it out is a complete lie they get round it by charging the interest daily and the amount I've paid back probably equates to more like 150% !!! Please steer well clear at all costs they truly are disgusting be warned !!!!!!!!

David drinkel

Amazing Customer service

20:26 08-12-2017

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All @Amigo loans very excellent service! easy to apply and cash in minutes. Thanks

Agnes Keister


17:09 27-02-2017

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Please think carefully before you take out a loan with Amigo. All was fine until I found myself unemployed due to extreme illness during pregnancy. I was very transparent and forthcoming with Amigo, however they honestly don't give a flying hoot what your circumstances are, as long as you somehow come up with the expected payment. They will hound you on every available communication device, until you want to pull out your hair and shout profanities at them. It's as though you are talking to a brick wall, they go round in circles with the same bull they are taught to say, they won't and I mean won't listen to you and then still have the cheek to say but I am trying to help you. They really put a dampener on your life, squeezing you until you burst. I am not surprised people try to disappear, because they make you feel like there is no way out. Believe me when I say, I am going to tell everyone I know and don't know to never take a loan with Amigo. They are the worst and the only creditor that wouldn't help me.


Fairly easy application process

18:05 04-12-2017

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No problems using this loan site as both an applicant and gaurantor. Staff were easy to contact on their call centre, constant contact via telephone and email whenever I had any queries. Would use amigo again, happily.

Joanne trott

Worst loan company

13:54 11-01-2017

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I had a loan with Amigo Loans with a guarantor and I was going through financial difficulties so they took few payments from my guarantor and despite of speaking to them for a repayment plan they did not agree. I have told them I can't afford the full payment but no response. Few weeks later I received a county court letter to pay the full payment including their court fee or we get CCJ. We had to borrow money from family and friends to pay off their loan. Worst customer service and never again.



14:09 07-11-2017

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I've never had any issues with obtaining a loan from them or topping up.fab service


Quick and easy

15:13 23-11-2016

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First time i have used these, i've had difficulty borrowing money due to a past problem, i was the typical student hiding from credit cards etc. I heard Amigo on the radio and tried it out. Application was easy, asked my dad to guarantor my application, he agreed but made me promise to make every payment on time or else!! He filled in his bit, we were on the phone to Amigo for no more than a couple of minutes each and the loans was paid within hours of my application. Friendly, quick and easy to use.


Definitely are

18:20 06-11-2017

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Helped out quickly when I needed the money 4a family members funeral


Our review of Amigo Loans

Our review by Mark
Written by: Mark
Consumer sentiment


Amigo Loans were one of the providers to popularise the guarantor loan. Formerly known as FLM Loans, Amigo has cemented themselves as market leaders in this segment. If you don't know what a guarantor loan is, have a read of our guide all about guarantor loans.

Amigo Loans have had their critics over the years, with questions over how they justify their pricing being levelled at them by media and politicians alike. That kind of scrutiny is to be expected when you're the market leader though and it's certainly not echoed by their customers. At the time of writing this review, Amigo scored 3.4/5 on Google's rating system, 9.5/10 on TrustPilot and 4.8/5 on Choose Wisely's consumer reviews.

Amigo Loans offer their customers online account management where you can make payments and manage your account. As with other guarantor lenders, Amigo Loans come with the standard guarantor loans health warning. Guarantor loans are a solution suited to people with a very specific set of circumstances, but if you think you're not going to be able to make your repayments, don't put a friend or family member in the position where they will have to pick up the bill for you.

If you're considering becoming a guarantor for an Amigo loan, it pays to think carefully. If you do decide that you want to help someone out, there may be cheaper ways to do it including lending the money to them yourself or taking out a loan in joint names.

My verdict: Amigo Loans are a customer service focussed company, they provide market-leading account facilities not just in the guarantor loans space but in the personal loan space in general. Do make sure a guarantor loan is right for you before applying.


  • No fees of any kind
  • You don't need to have a good credit history
  • You don't need to have direct debit facilities
  • Your guarantor does not need to own their home
  • You don't have to have been a resident of the UK for a specified length of time

Minimum criteria

  • You will need a guarantor
  • If you have a poor credit history, it's likely your guarantor will need to be a homeowner
  • Your guarantor will need to make your repayments if you can't afford to


  • Maximum APR 49.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

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About Amigo Loans

Amigo Loans are a guarantor lender offering loans from £500 - £10,000 over 12 - 60 months and they offer loans to customers who've been turned down elsewhere or had trouble getting credit in the past. Amigo Loans customers will need a guarantor to back up their application normally a friend or family member. An Amigo Loans guarantor will need to be between the age of 18 and 75, and who has a good credit history. They will need to have enough money to make repayments on the loan if for some reason you can’t pay.

Their representative APR is 49.9% variable and there are no set up fees, late payment charges or credit scoring when you make an application. Once you have been accepted, most loans are paid out within 48 hours and transferred into your guarantor's account. You will also have 24/7 access to your account online, giving you control of your loan. Repayments can be made via Direct Debit, and by card online, over the phone or in cash at any PayPoint location.

Amigo Loan offer their product to those who are full or part time employed, those who are self employed, graduate students, home makers and the unemployed. As with any loan, Amigo Loans are subject to affordability assessments and your ability to make your repayments.

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