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Amigo Loans Review [Read Our Experts Opinion]

Jane Wardle

Written by Jane Wardle on February 2, 2018

Updated July 11, 2018

amigo loans

Overall Rated: 4.7 / 5

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Giving consumers the possibility to access up to £10,000 in less than 24 hours with no credit score, their services have repeatedly been accessed by numerous customers and benefited from excellent rates. Amigo Loans consider themselves a friendly loan company, where customers rely on their friends for a loan and in return enjoy a fast and straightforward service.

The founders of Amigo Loans understand the difficulties people face when it comes to getting a loan with no credit score and have come to the rescue with flexible and fast solutions. Getting a loan from this company requires an easy, three-step process.

Customers need to make an application on the company’s platform that contains information regarding the desired amount and timeframe; they will be then provided with a link that needs to be forwarded to their guarantor in order for them to fill in their part of the application. After the guarantor has been accepted, both of them will be contacted by telephone for the completion of the loan plan. The process is fast and easy to carry out.

A significant benefit of Amigo Loans is that they are considered much cheaper to borrow from compared to other loan companies. The company is regularly featured through price comparison sites of offering affordable loans that are much cheaper than payday loan providers. Furthermore, an advisor from Amigo Loans will follow the application with a call just to make sure that payment terms are affordable to their customer and showcase their quality as a responsible lender.

Trust & Reputation

Rated 4.7/5

The main reason why so many customers have shown an interest in this company in the first place is the brand confidence they have managed to build over the years. Amigo Loans has been rewarded rapidity for their service quality and reliability in the industry, gaining a powerful positive image.

The company has won the title of Best Credit Builder Product in 2018 granted by the Moneynet Awards. A feat they have earned for the last five years running. Al Business Winner has also named them Guarantor Lender of the Year in 2017, and the company has managed to reach first place in Consumer Credit Awards’ Best Guarantor Loan Provider 2017 too.

Expertise & knowledge

Rated 4.7/5

Being UK’s first guarantor loans company, Amigo Loans has been supporting consumers with bank credit difficulties in overcoming financial struggles since 2005, when they first entered the market. With so many years of experience, and by having small, skilled teams consisting of trained specialists Amigo Loans know how to provide excellent service.

The services provided by Amigo loans target the specific needs of different consumers and focus on bringing viable, affordable solutions to the table. Potential customers have access to the easy to use website, where they can easily send in their application, which will be rapidly reviewed by one of Amigo Loans guarantor loan experts.

Customer Service

Rated 4.7/5

With over 19,000 reviews on Trustpilot, Amigo Loans have been rated as excellent by the majority of their customers. So far, Amigo Loans have a TrustScore of 9.5 out of 10 based on the reviews received so far. This impressive feat from so many reviews is a testament to their quality of customer service. In fact, 96% of customers rate Amigo Loans as either ‘great’ or ‘excellent’ Consumers are praising the services offered, stating the loan application process is extremely convenient and fast. As well as this, reviewed compliment their customer service department who keep them updated regarding the progress of their application and loan repayments. Being able to receive the desired amount of money on the same day is also another detail that has impressed clients and their guarantors.

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