Amigo Loans

22440 reviews

49.9% Representative

Will lend between: £500 - £10,000

Over: 12 - 60 Months

Representative example: If you borrow £4,000.00 over 36 months at a Representative rate of 49.9% APR and an annual interest rate of 49.90% (variable), you would pay 36 monthly instalments of £195.16. The total charge for credit will be £3,025.76 and the total amount payable will be £7,025.76.

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Representative 49.9% APR.

Amigo Loans customer reviews.

22440 reviews

4.7 out of 5 stars

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.


Worst ever
09:01 29-12-2015
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Their fast to get all the paper work done and paid out as soon As you have a loan that isit it's hard to pay off they call and pester even after a day late I myself did not have a regular payment date from work I explained this several times they still bombarded me with calls and texts then when I spoke to them again and explained they straight away call your guarantor not leaving it till the day you will make the payment harassing both of you. Now I have a regular payment date Nd have changed my payment date with them to the first I have had a text to say they tried taking it out on Xmas day my payment date is the beginning of the month so this is a while before I am due and my bank has no recolection either. Also do not make a payment with another card or borrow someone else's for a one off they store them and take future pAyments from them when you state this is not the primary card they are cons.


Changed my mind about guarentor loans
15:46 15-12-2014
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Yeah not bad. no hassle, thorough phone call that really put my mind at ease. I was worried about asking my mum to be guarentor but the professionalness of the staff made me feel ok about it.


21:23 16-08-2014
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I can not fault the service, it was last chance saloon for myself and after a discussion with my partner i applied, and for the people that say it takes a long time !! its a lie , i rang them at 11am and after a few chase up phone calls and ensuring that everything was fine the payment went in at 6pm !!!! AMAZEBALLS yes the interest rate is high but its a risky loan for them to give out. Been with them for 8 months now and never missed a payment, there only website is fantastic and their staff are friendly when i have had to speak to them which is very rare as the account can be managed online ! Only criticism is that when you make over payments online it would be nice to see how much interest you have got rid of or how much you have shortened your loan by. Very Well done Amigo and thank you


paid off 6 months early
20:09 07-05-2014
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they are great, I managed to pay mine off in six months and they have just offered me another loan but will give me 200 pounds for taking the loan out so virtually no interest. If you can't afford the loan then don't take it out x


Does exactly what it says on the tin
17:28 22-03-2014
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Unreasonable, tight, VULCHERS!!
06:22 05-02-2014
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Ok, so we needed a small last minute loan. My hubby was my guarentor. At 1st all seemedfine, however on a couple of occasions I had explained that I needed to pay literally a few days later than daye agreed - they ignored my request


23:19 28-11-2013
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I can not beleive how much more trouble i am in now than before probly my fault for not reading the million pages they send and me being new to loans.I got a £3000 loan out i pay £176.00p a month and in 1 year to the day i have payed just over £270 of make that one out.There is no way out of this loan as they be after the garentor.There is no give with this firm they will hunt you down and make you pay how ever.very fast payout but i now know why.

lee catchpole

22:21 20-11-2013
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Brilliant if you pay on time :) most of the comments left are negative due to either none payment or late or being refused have a £5000 loan and had no problems what so ever so keep up the good work amigo xxx

Matthew smith

stay clear
11:39 21-08-2013
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Pigeon post or pony express would of been quicker , I'm in more of a mess now and in debt with APR plus the stigma of going to a friend for help.Adiós amigo

in the crap

Our review of Amigo Loans

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. If you have bad credit and thinking of applying to amigo, make sure a guarantor loan is right for you before apply.

Written by: Mark


  • 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 have bad credit or have 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.

Company information

Registration number: 4841153

01202 629 200

Walton House

FCA registration

Reference No: 708284

Trading names: Amigo, Amigo Loans Ltd

Place of business: Walton House, 56 - 58 Richmond Hill, Bournemouth, BH2 6EX

Data protection registration

Registration No: Z8738456

Data controller: AMIGO LOANS LTD

Address: Walton House, 56 - 58 Richmond Hill, Bournemouth, BH2 6EX

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