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Bamboo Loans Overview

Bamboo Loan logo
The table below shows details about Bamboo Loans. Bamboo offers personal loan options that you can use for immediate or emergency expenditures, a vehicle purchase, paying off existing debt and other purposes.

How much will a Bamboo loan cost? Use the Bamboo personal loan calculator below to see how much you’ll need to pay. Just input your desired amount and adjust the terms to see different scenarios.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Bamboo loans review

Bamboo offers unsecured personal loans with no collateral or guarantor required. They also allow people with bad credit scores or those without a credit history to still apply for a loan.

Bamboo loan features

Thinking of applying for a loan from the Bamboo Loans? Here are the key features and benefits to expect:

  • Loan amount and terms. borrow £1,000 and £8,000 over 1 to 5 years term
  • Fast approval online. Get a quotation and process your loan, all online.
  • No upfront fees. No arrangement or set up fees upon application.

How to apply for a Bamboo loan?

Check that you’re eligible:

To qualify, you must:

  • Be at least 18 years old
  • Reside within the UK (excluding Channel Islands or Isle of Man)
  • Hold a UK debit card (Visa Debit, Visa Electron, or Debit MasterCard)
  • Be employed or have a source of regular income
  • Not be in bankruptcy

What you’ll need:
Besides personal and contact information like phone number and email address, you should also prepare the following when applying:

  • Valid Identification e.g. Passport (and residency permit if applicable), National ID card, Driving license (photo ID only).
  • Proof of address dated within the last three months, like bank statements, Utility bill/phone bill, Council tax letter & Pension letter.
  • Bank account details
  • Employment information
  • Proof of income (may include 2 payslips or 3 months consecutive bank statements)
  • Supplementary documents for your financial details (e.g. Cheque/paying in book, Tax return, etc.)
  • Open Banking report through Credit Kudos

Bamboo requires borrowers to submit documents online. They only accept original PDF files or scanned or photographed copies of the original document that came in paper format. They do not accept screenshots or a photographed copy of a document that was sent as PDF then printed.

 

Bamboo loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£5,000

Term

3 months

Change
Bamboo

Bamboo personal loans

Bamboo personal loans
EST Monthly Repayment
£264 Inclusive of fees
EST Monthly Repayment
47.73%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£1,000
to £8,000
Go to site
At Bamboo, you'll find an easy application process for personal loans and we do not ask for a guarantor. We've tried to make the application process simple to complete on our website.
Featured
Nationwide

Nationwide personal loans (7,500 - 25,000)

EST Monthly Repayment
£145 Inclusive of fees
Interest Rate
2.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Go to site
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Featured
Santander

Santander personal loans for £7,500-£15,000

EST Monthly Repayment
£145 Inclusive of fees
Interest Rate
3.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
Go to site
You are eligible if you’re 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you haven’t been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Featured
HSBC

HSBC personal loans (15,000 - 25,000)

EST Monthly Repayment
£147 Inclusive of fees
Interest Rate
3.90%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Go to site
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Featured
Barclays

Barclays personal loans (15,000 - 24,999)

EST Monthly Repayment
£154 Inclusive of fees
Interest Rate
6.80%
APR
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
Go to site
When it comes to putting your plans into action, it’s personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply – without it affecting your credit score.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Bamboo Loans FAQs

How long will it take to get a loan from Bamboo?

With its process being done fully online, Bamboo tries to provide a fast response, approval, and payout to borrowers.

You can get your quotation in an instant, then apply and get pre-approved. You will have 24 to 72 hours to complete the application and submit all documents. Bamboo will then check your eligibility through the documents. The time span for underwriting may vary, but Bamboo will try to provide a decision or an update as quickly as they can.

You will be notified if your loan has been approved. If it was approved before 3 pm on a weekday, you can expect the money to be in your account before midnight of the same day.

If approved after 3 pm, or on a weekend/bank holiday, you can expect the money the next weekday by 1 pm the next weekday.

You can inquire or ask for updates via their phone number 0330 159 6011 or via email at [email protected].

How to submit documents online for a Bamboo loan application?

Bamboo requires borrowers to submit all documents through the online tool, Jumio. During the application process, you will be prompted to allow it to access your device camera and take pictures of your documents.

What is Open Banking and how do Bamboo Loans use it?

Open Banking pertains to the secured and authorized method of sharing a borrower’s financial information from their bank account/s. This includes your balance, income, outgoings, and other bank transactions.

Bamboo uses open banking to assess borrowers’ loan applications. They work with the credit reference agency, Credit Kudos to safely gather borrowers’ banking information. To do this, Credit Kudos will first ask for your authorization. You will need to log into your account and grant access to your account information for a limited time.

Find out more about Bamboo Loans in this video

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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