Can I apply for a loan if I am receiving benefits or am unemployed?
We will take your source of income into consideration providing it is regular and consistent, and comes from a confirmed source. This can be from salary, pensions, benefits, etcetera.
During underwriting stage, our team will assess your income and your outgoings, and this will be part of our decision-making process.
Unfortunately, we are unable to accept your application if you are in receipt of Job Seeker's Allowance only.
Here at Bamboo we have created a way of making loans fairer for everyone. With our free loan quote service, you can check how likely you are to be approved for a Bamboo loan with no impact on your credit score.
All our loan applications are individually assessed to ensure they meet our lending criteria and these are some basic things to consider before applying for a Bamboo loan:
Borrowers must be 18+ years of age
Guarantors must be 21+ years of age
Borrowers and guarantors must be UK resident (excludes Isle of Man and Channel Islands)
Borrowers and guarantors must have a valid UK debit card (This could be either a Visa Debit, a Visa Electron or a Debit MasterCard).