Bamboo Loans Alternative
Are you looking for Bamboo Loans? We think we have a better alternative. Lending Stream is a reputed direct lender in the UK offering short term loans, with almost instant decisions and if approved, the cash will be sent to your bank within 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream as a Bamboo Loans Alternative?
Fast
Cash sent to your bank in under 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments. Pay early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
Who are Bamboo Loans?
Bamboo Loans are a direct lender in the UK, offering loans between £2000 and £8000 with a maximum repayment timeframe of up to 5 years.
Their flexible personal loans can be used for home improvements, purchasing a vehicle, or consolidating existing debts, among other potential uses.
Bamboo is authorised and regulated by the Financial Conduct Authority. Bamboo Limited is registered in Southampton, England, with company number 05629336.
What are Bamboo loans like?
Bamboo offers unsecured personal loans between £2000 and £8000. You can choose to borrow over periods between 12 and 60 months. When you take out a personal loan with Bamboo, the terms will include a fixed monthly repayment.
If you are an existing Bamboo customer, you can apply for repeat or top-up loans. Repeat loans are designed for customers who have successfully repaid their previous loan and require additional funds.
Top-up loans, on the other hand, cater to existing customers who need to borrow additional money. In such cases, Bamboo Loans will close the existing loan and open a new loan that combines the additional cash required and the remaining amount needed to settle the previous loan.
Previously, Bamboo Loans provided guarantor loans to help those facing difficulties securing loans on their own. However, it is important to note that you can no longer get a guarantor loan from their range as they solely focus on providing personal loans.
Are Bamboo loans regulated and authorised?
Yes. Bamboo Loans is authorised and regulated by the Financial Conduct Authority. They have their office in the UK and the registered office address is 1st Floor, Grenville House, Nelson Gate, Southampton, SO15 1GX. You can check bamboo loans customer reviews before applying.
What type of loans does Bamboo lend?
Bamboo Loans offer unsecured loans from £2000 to £8000 tailored to your individual circumstances.
They have a loans calculator which offers you an instant quote based on the information you provide during the application process.
If you are approved, you’ll receive the money by midnight same day. However, if the loan agreement is signed after 3pm or on a weekend/bank holiday, the funds should be deposited into your bank account by 1pm on the following weekday.
We think we can do better. If you have money problems and want access to quick cash, why not try Lending Stream? If your short term loan application is approved, we'll send the cash to your bank in 90 seconds. Now that's a super-fast payout.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
What can a Bamboo loan be used for?
Bamboo Loans provide loans for various purposes including debt consolidation, car finance, wedding finance, emergency expenditures or special purposes.
Similarly, with a Lending Stream loan, you can use the funds to aid home repairs, travel expenses or unexpected expenses to name a few.
What APR and loan terms are offered by Bamboo Loans?
The interest rate offered to you by Bamboo Loans will be determined based on your personal circumstances.
The interest rates range from 26.9% APR to a maximum of 69.9% APR.
To find out your representative APR, you can use their loan calculator to get a quote. It's important to note that doing will not have any impact on your credit score.
If you're approved for a Bamboo loan, they will offer loan terms that span from 12 to 60 months.
At Lending Stream, we offer 6 month loans. We know that there's often stressed to repay credit quickly, so we've done our best to make our terms as flexible as possible.
How is Lending Stream different from Bamboo loans?
At Lending Stream, we know our customers are more than just a number. That's why we go beyond a credit check and look at all the details when considering short term loan applications.
We provide an alternative to payday loans, where you get up to 6 months to repay in monthly payments or instalments. You can apply from £50 to £800 as a new customer, or up to £1,500 as a returning customer.
The application process is simple. Just choose how much you want to borrow and fill in your personal, banking and employment details, income, and expenses too. It usually takes a few minutes.
We'll do a quick check of the details. In most cases, we'll give you an instant decision and let you know how much credit you can borrow.
If your application is successful, we'll start streaming the funds to your bank in under 90 seconds.
Eligibility to apply for a loan with Lending Stream
If you are looking for a short term loan and considering applying with us, then you must:
- Have an active UK bank account
- Have a valid debit card
- Be at least 18 years old
- Be a UK resident
- Be in regular employment with a monthly income of at least £400
As a reputed lender, we'll look beyond your credit profile when making a decision. If you have bad credit, try not to worry. We know that a bad credit score won’t give us a complete view of your current financial situation which is why we even consider loans for people with bad credit.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to apply for a loan with Lending Stream?
If you are looking to apply for a loan with Lending Stream, you can apply via the website. All you need to do is fill out our online application form and provide us with the following information:
- Fill in all your personal details
- Choose the amount which you want to borrow with us
- Provide us with your employment, salary, expenses, and banking details
Once you submit your loan application, we will run a credit and affordability check to see if you can afford the repayments. If approved, we will send the amount to your bank within 90 seconds.
We won't expect you to pay back the majority of the loan in just one month. Instead, you pay off the loan over 6 equal repayments. Plus, if you want to repay early, you can! And we don't charge any fees.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page.
If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs - Bamboo loans
-
Is Bamboo a payday loan company?
No, Bamboo is not a payday loan company. They specialise in unsecured loans. You can apply for a Bamboo personal loan on their website.
-
How long does it take to get money from Bamboo?
For most Bamboo Loans applications, if you sign the agreement before 3pm on a weekday, the funds should be transferred to your bank account before midnight on the same day. However, if the agreement is signed after 3pm or on a weekend/bank holiday, the funds should be deposited into your bank account by 1pm on the following weekday.
-
Can I pay a Bamboo Loan early?
Yes, you have the flexibility to pay your loan early. There are no penalties or additional fees for early repayment. If your early payment covers the full contractual repayment due, they won’t collect any money from your valid UK debit card until your next payment date.
-
Do Bamboo Loans contact employers?
In some cases, they may call your employer to confirm your employment status. But they will never call to discuss any debt or personal finance matters.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk