Amigo Loans

49.9% Representative
Loan amount:
£500 to £7500
Loan term:
1 Year to 5 Years
Loan type:
Long Term

Amigo can provide guarantor loans in amounts up to £7,500 within 24 hours without any credit scores. Each lending decision is made on an individual basis, allowing applicants with bad credit, self-employment income, or even those who are unemployed to potentially qualify. Special attention is paid to the borrower’s ability to repay, even with variable sources of income.

Loans are available in amounts ranging from £500 to £7,500 and does not require the borrower to be a homeowner. Funds can be used for any responsible purpose including, but not limited to, debt consolidation, purchasing a car, or funding a holiday. Loan information is available online 24/7, allowing borrowers to have full access to their loan details at a time that is convenient for them.

To apply, the borrower must be between the ages of 18 and 75, and cannot have an active bankruptcy, IVA, or equivalent. The guarantor must meet similar qualifications to be considered. In some cases, borrowers and guarantors with joint financial commitments may qualify, on a case-by-case basis.

Approved applications can be funded within 24 hours. The total amount of approved funds is deposited directly into the guarantor’s bank account. From that point, the guarantor can provide the funds directly to borrower.

No fees are ever assessed on the loan. The only funds due besides the repayment of the principal are for applicable interest charges. Timely repayment will reflect positively on the borrower’s credit report, potentially allowing them to earn a higher credit score.

Amigo Loans Criteria

Age Requirement
Debit Card
Yes but direct debit facility may be accepted
Credit Checks
No - Only your guarantor will be credit checked
Other Requirements
Guarantor is a home owner or has a strong credit file
Same Day Transfer Available
Yes - Can take up to 48 hours to complete full checks
Loan Value Available
£500 to £7500
Representative APR
Loan Length
1 Year to 5 Years
FCA Registration Number
Loan Example
Borrow £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable)

Amigo Loans Review

The loan application through Amigo is designed to take as little as five minutes and can be completed anytime, any day, at the borrower’s convenience. The guarantor can also complete their portion online. Both the borrower and guarantor will be subject to certain affordability checks to ensure that repayment can be made without any undue hardship. Additionally, each party will be contacted directly by Amigo to ensure full transparency regarding the terms and obligations contained within the loan agreement.

Amigo will always contact the borrower first in the case of a missed payment. Only if payment arrangements are unsuccessful will the guarantor be contacted for payment. There are no fees associated with late or missed payments, however, interest charges on the amount can accumulate until the payment is made.


Independent Rating

Customer Review:

Amigo Loans
User Rating: 5.0 (2 votes)
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Company Pros...

  • Will considered self employed applicants
  • Loans available below £1000

Watch out for...

  • Will not consider anyone with a bankruptcy, IVA, or equivalent

Company Details

Amigo Loans Ltd
Walton House,
56 – 58 Richmond Hill,