Will lend between: £1,000 - £8,000
Over: 12 - 60 Months
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- Bad credit history accepted.
Representative 49.9% APR (variable).
Bamboo Loans customer reviews.
4.9 out of 5 stars
Our review of Bamboo Loans
Bamboo Loans are a Southampton-based lender, set up in 2014. They offer unsecured personal loans of £1000 to £8000, repaid over 1 to 5 years. Bamboo loans exist to help those who maybe cannot be helped by highstreet banks. Although they have a Representative 69.9% APR the rates they offer are tailored to each customer’s circumstances and so will differ by individual.
Reviews for Bamboo Loans online are excellent, TrustPilot has a number of reviews commending the simplicity of their application process, the speed of payout and the efficiency of their staff.
My verdict: Bamboo Loans are a reputable loan provider with all the main product features you’d expect from a modern lender. Praised heavily for their simple application process and friendly customer service you are sure to have a good experience with Bamboo. However, be sure this is the right product for you as if your credit history is squeaky clean there are cheaper options available.
- You don’t need perfect credit history
- Easy payment management with online portal
- Your guarantor can be your partner
- Your guarantor does not need to be a homeowner
- You and your guarantor must be over 21
- Your guarantor will need a good credit rating
- Your guarantor must not be a customer of Bamboo
- Your guarantor will need a UK bank account
- Your sole income cannot be from Job Seekers Allowance
- Maximum APR 69.9%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £12
Bamboo Loans Customer Question & Answers
About Bamboo Loans
Southampton-based Bamboo Loans offers online personal unsecured loans. They lend amounts between £1,000 and £8,000 at an advertised Representative 69.9% APR. It is worth noting that if approved, the actual rate you’ll be offered will be determined by your personal circumstances and credit profile.
A Bamboo loan can be used for a variety of things, ranging from home improvements, dealing with an emergency or even consolidating multiple debts into one monthly payment. In order to apply for a loan with Bamboo you must be a UK resident (not from the Channel Islands or Isle of man), at least 18 years old, have a valid UK debit card, not be bankrupt and of course, be able to afford the monthly payments. If you tick those boxes Bamboo, will consider every case individually and will look at your unique circumstances before making a decision. This means if you are yet to build up a good credit history, Bamboo will still consider you for a loan.
If you want to check whether or not you will be accepted for a Bamboo loan and compare them against similar products then click “Will I get accepted?” above and start a Choose Wisely loan search. It takes 2 minutes and won’t impact your credit score.
Reference No: 720565
Trading names: Bamboo Limited
Place of business: Bamboo Limited, 1st Floor, Greenville House, Nelson Gate, Southampton, SO15 1GX
Data protection registration
Registration No: Z1380902
Data controller: Bamboo Limited
Address: Bamboo Limited, 1st Floor, Greenville House, Nelson Gate, Southampton, SO15 1GXApply Now