| Representative APR | Amount | Term | Type |
|---|---|---|---|
| 9.9–69.9% | £1k–£8k | 12–60 mo | personal |
Best For
Individuals with less-than-perfect credit looking for personal loans between £1,000 and £8,000.
Borrowers in the UK with credit scores below 600 needing flexible personal loan options.
Bamboo offers personal loans from £1,000 to £8,000 with terms of 12 to 60 months and an APR range of 9.9% to 69.9%.
Pros & Cons
Watch Out
The APR can reach as high as 69.9%, which may be unaffordable for some borrowers.
Full Review
Bamboo's personal loan service stands out for its focus on borrowers with poor credit histories. The company claims to provide same-day approval, which is a significant advantage. However, potential borrowers should be prepared for the high APR, which can range from 9.9% to 69.9% depending on individual circumstances.
The loan amounts range from £1,000 to £8,000, with terms available from 12 to 60 months, making it flexible for different needs. Bamboo does not charge any fees for applying, which is a positive aspect for those wary of hidden costs. Yet, borrowers should be cautious about the total cost of borrowing, especially if they end up at the higher end of the APR spectrum.
Customer reviews highlight a generally positive experience, especially regarding the speed of service. However, many report being offered rates towards the higher end of the spectrum, which could lead to high overall repayment amounts. Thus, while Bamboo is a good option for those needing quick access to funds, it may not be the best choice for those who can qualify for lower rates elsewhere.
What Borrowers Say
Bamboo has received positive feedback for its quick service, though many users report higher-than-expected APRs.
