Getting a loan through Bamboo Loans is relatively easy. It merely requires a three-step process beginning with information from the customer. Customers must show identification, such as a driver’s license, birth certificate or another form of ID. They also have to show proof of employment and residency, but the initial check does not impact the customer’s credit score.
In the second step, information is handed over to the loan officer to assess and determine the ability for Bamboo Loans to secure the loan with the client based upon the information from the first step. This only takes a matter of minutes, so there is no significant wait time.
The third step involves giving Bamboo Loans a bit more personal information once the decision has been met. This information includes name, phone number, and email address. The entire process takes less than 10 minutes through their online format and money can be deposited into the account in 24 hours.
Guarantor loans from Bamboo Loans can be from £1,000 to £8,000 while unsecured loans range from £1,000 to £5,000. Both loan types range from a repayment period of between 12 and 60 months depending on the repayment needs of the client.