Bamboo Loans | www.bambooloans.com Reviews

Bamboo Loans

About Bamboo Loans

Bamboo is an established provider of bad credit loans with or without guarantors. This lender has operated since 2014 and today has more than 50,000 customers. They employ 80+ staff across 3 offices situated in Caerphilly, London and Southampton. The Southampton office deals with new loan applications and Caerphilly manages existing customers (London’s purpose is unclear). Boo the Panda is the brand mascot of www.bambooloans.com that has historically been a top 5 visited site in their catered sectors. They have however took a dip across 2019. They had been locally ranked at around 25k, but they have now lost this local ranking. We have witnessed a similar drop at George Banco who are a similar matched competitor.

The 2 products available each start from £1000. The caps do differ though with the non-guarantor option stopping at £5000 and the guarantor option extending to £8000. Homeowners or tenants are accepted on that side between ages 21 and 72. Pricing is matched across each over a year at £235.72 for £1000. This is the representative example, but a variable range is headed as 26.9% to 89.9%. Just remember that with very poor credit you are likely to be asked for a backing even if you are opting for unsecured. Bamboo’s support on Trustpilot has been excellent to date scoring at 97% from 12,000+ reviews. Not many customers follow them on Facebook where they have around 600 likes.

Company Details

Address: 1st Floor, Grenville House, Nelson Gate, Southampton, SO15 1GX

Brand: Bamboo (aka: Bamboo Loans, Bambu)

Company: Bamboo Ltd

Contact (📧): customer@bambooloans.com

Contact (☎): 0330 159 6011

FCA Licence: 720565

Launched: 2014

Niche: Guarantor, personal

Opening Hours: Mon/Fri (8am-8pm), Sat (9am-2pm)

*Existing times differ as: Mon/Thu (8am-8.30pm), Fri/Sat (9am-5pm)

Related Brands: Non

Site Address: www.bambooloans.com

Site Rank (Alexa UK): Unranked | 600k (global)

Product Specs

Amounts Available: £1000 to £5000 | £1000 to £8000 (guarantor)

Backings: Homeowners or tenants aged between 21 & 72

Late Payment Fee: £12

Login Provided: Yes

Pricing: £235.72 /£1000 (12m) (both products)

*Variable APR range of 26.9% to 89.9%. Representative 49.7%

Repayment Terms: 12 to 60 months

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 97% (12,010+ count)

Rivals & Similar Lenders Like Bamboo

George Banco has many shared traits with this lender. Each service for instance launched in 2014, offers multiple choices of a guarantor or unsecured loan, the traffic performance has been similar and the pair specifically targets collecting high volume Trustpilot feedback. The actual costs on that side are higher. The representative cost here was £235.72, but with GB you pay £236.12 (guar) and £285.56 (pers). Both of these companies are of course challenging to be the 2nd biggest name in the guarantor sector that has always been dominated by Amigo Loans. There is no such dominance without guarantors, but certainly great competition from the likes of AvantCredit, Likely Loans and On Stride Financial.

Last Check @ www.bambooloans.com: August 2nd, 2019

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