What sort of loans can you take out with Bamboo?
Bamboo offer loans between £2,000 and £15,000. You can choose to borrow over periods between 12 and 60 months.
What Representative APR rates are attached to the loan?
Bamboo’s representative APR rates are between 34.9% - 69.9%, depending on the amount borrowed and the term of the loan.
If you were to take out a £2,500 loan with a repayment term of 24 months, and a fixed annual interest rate of 41%, you would pay back a total of £3,703.74 (Representative 49.7% APR). This would be made up of 23 monthly repayments of £154.32 and a final payment of £154.38.
Are there a range of loan terms to choose from?
Yes, you can choose to pay back the loan anywhere between 12 and 60 months.
Can you repay a Bamboo loan before the agreed date?
You can contact the payments team by email or phone to be given your settlement figure. While the website doesn’t say so explicitly, this may also include either additional fees and/or further interest.
CashLady Representative 79.5% APR
What you should do to apply for a Bamboo loan?
Bamboo say there are four steps to get your initial loan:
- Use the website loan calculator to find the amount you want to loan, then receive an instant quote.
- Based on the details provided, Bamboo will run an eligibility test, and if successful, you will be presented with the terms of your loan.
- Provide your personal, contact, bank, employment and income details. You will also need to provide your guarantor’s details (who can also be your partner) for a guarantor loan.
- Confirm your employment status and address. Then you submit the information to be reviewed before receiving a final answer.
Are there any charges for late payments?
The bamboo website states that there are no charges for late payments on your loan, however missed or late payments could negatively impact your credit score.
How quickly do Bamboo pay out the loan?
Bamboo will try to pay out fund the same day as the loan application is approved. Applications received after 3pm with approved documents will have to wait until 1pm the next day.
What are Bamboo’s customer service details?
New customers should contact 0330 159 6010 and select option 1, or email contactus@bambooloans.com.
Existing customers will have to log into their online account to contact customer services or call 0330 159 6010 and select option 2.
Opening hours:
Monday – Thursday: 8am to 8pm
Friday: 9am - 5pm
Saturdays: 9am to 2pm
Do Bamboo offer an online account?
Yes, once the loan agreement has been signed and returned customers will be provided with login details for their online account.
Do Bamboo have an app?
There is no app available for customers to manage their loans, only an online account.
What type of reviews do Bamboo customers leave?
As of November 2024, Bamboo have an excellent rating of 4.9/5 based on over 31,000 reviews on Trust Pilot.
Are Bamboo Loans Authorised and Regulated?
Bamboo Limited have been authorised and regulated by the Financial Conduct Authority (FCA). Visit the FCA register to see full details.
Bamboo summary
Bamboo offer loans between £2,000 and £15,000. Payment terms fortheir loans range between 12 and 60 months, with an advertised representative APR of between 34.9% and 69.9%, depending on the amount borrowed and the loan term.
In order to apply for a Bamboo loan you must be 18 or over. You must have a UK bank account, a generally good credit rating and not be an existing Bamboo customer.
You are given an online account to manage your loan but there is no app available.
Bamboo have an excellent rating of 4.9/5 based on over 30,000 reviews on Trust Pilot. They have been authorised and regulated by the FCA since 2015.