Applying for a loan with Amigo?
You’re in good company.
Update on my application
First things first, if you’re just after an update on your application and your loan hasn’t been paid out, you can text the word ‘STATUS’ to 07860004427.
We’ll get straight back to you with an SMS alert letting you know where we’ve got to. This is only available for borrowers on live loan applications.
Who can apply for an Amigo Loan?
Almost ANYONE can apply for an Amigo Loan as long as they meet our criteria:
- a UK resident
- aged 18-75
- not on an active bankruptcy, IVA, or equivalent
- and can comfortably afford the loan repayments.
You’ll also need a friend or family member who trusts you to be your guarantor.
The important thing to note is that we won’t judge you on your credit score. That’s because our loans are based on trust. If your guarantor trusts you to maintain payments, then we can trust you too.
So far, we’ve already lent to over 375,000 people who may have struggled to get loans from elsewhere.
How much can I borrow?
With an Amigo loan, you can borrow between £500 to £10,000. As long as it’s affordable for you, we’ve got you covered.
Next, choose your loan term. Our loans can be taken out between one and five years depending on what suits your budget.
1Starting your application
We’ll need to know a bit about you. That means your name, date of birth and your contact details (for when we send you information about your loan).
We’ll then ask you to read the T&Cs and your credit agreement. Once you’re happy with everything, click the box and sign your agreement electronically.
2Completing your budget plan
Next, we’ll ask you to provide a quick breakdown of your finances. We want to make sure this is the right loan for you, so we’ll take down your income and outgoings. This will show us if the loan payments are affordable alongside your other financial commitments.
3Your guarantor’s application
Once done, we’ll need your guarantor to complete their part of the application. They can do this right there with you, or you can send them a link so they can do this in their own time.
Your guarantor may need to make any payments towards the loan that you don’t, so we’ll ask them to complete a budget plan too. This makes sure any payments they do happen to make are comfortably affordable.
4A quick phone call
We’ll also give your guarantor a quick call to confirm their details and to arrange paying out the money. If we can’t verify any of your own details or there are any issues, we may also need to call you to finalise the application. But don’t worry - we’ll make this quick, easy, and stress-free.
Final checks - sit back, relax, let us do our thing
Once everything’s done, we’ll complete our final checks (dotting the i’s and crossing the t’s). We’ll be in touch if there’s anything further we need from you, or we’ll send you a text once the loan is paid out. The money is paid into the guarantor’s bank account for them to transfer on to you.
If there’s anything we’ve not covered already, have a look below.
Anything we haven't covered?
Check out our guides below: