Guarantor Loan: Bamboo extend borrowing limit to £8,000

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Bamboo are excited to announce that you can now borrow up to £8,000 with a guarantor loan Rep APR 49.7%.

Introduced this week, the new limit is a great way for you to borrow anywhere between £1,000 and £8,000, even if you’ve got a poor credit score or no repayment history at all.

What is a guarantor loan and why choose a guarantor loan?

If you’re not sure what a guarantor loan is, be sure to check out our quick guide – but in a nutshell, it’s the same as any other loan, except that you get somebody to vouch for your ability to make the loan repayments.

This way, even if you’ve got a CCJ or a poor credit score, you could still be eligible to borrow up to £8,000. By extending the amount to £8,000 for a period of between 1-5 years, we are now enabling you to borrow more money, for longer periods of time, than many alternatives.

The rates for guarantor loans are better than most other loans aimed for people with poor credit ratings which makes them a feasible solution.  Also keep in mind that once you have your guarantor loan and you’re making your repayments, this can help you build up a credit history or start to repair your credit score.

If you’re thinking of becoming a guarantor, make sure that you’re clued up on all that it involves by reading our handy guide.

And, because it only takes 5 minutes to find out how much you can borrow, the money could be in your account within 24 hours.

Here at Bamboo, we are really happy to be able to offer our customers the ability to borrow up to £8,000 with our new guarantor loan limit. Previously, our customers could only borrow £5,000, and now we are able to extend the amount we can lend so that our customers are able to fund their dream holiday, household repairs or to buy a new car, regardless of their credit score or any CCJs.

Why not see what we could offer you today?

With Bamboo’s free quote service, there’s absolutely no impact on your credit score. It takes just five minutes and a few details to get your loan quote. To find out how much you could borrow, get an instant quote today.

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