Change back at my application
First things first, if you’re soon after an update in your application and your loan hasn’t been paid, you can easily text the term ‘STATUS’ to 07860004427.
We’ll get back to you personally with an SMS alert allowing you to understand where we’ve surely got to. This really is just designed for borrowers on live applications.
Who are able to make an application for an Amigo Loan?
Just about anyone can use for an Amigo Loan provided that they meet our requirements:
- A UK resident
- Aged 18-75
- Instead of a bankruptcy that is active IVA, or equivalent
- And may comfortably pay the loan repayments.
You’ll likewise require buddy or member of the family whom trusts you to definitely become your guarantor.
The biggest thing to notice is on your credit score that we won’t judge you. That’s because our loans depend on your present situation that is financial trust. Then we can trust you too if your guarantor trusts you to maintain payments.
To date, we’ve already lent to over 375,000 those who might have struggled to obtain loans from somewhere else.
Can you accept individuals released from bankruptcy?
Yes, we are able to accept individuals released from bankruptcy. If for example the credit report hasn’t been updated you may need to send us a copy of your discharge papers since you were discharged. In the event that you don’t have actually a copy, you could get one through the trustee whom managed your bankruptcy or through the court for which you had been made bankrupt.
We won’t be able to lend to you but will be happy to consider any applications once you’re discharged if you’re currently bankrupt.
Can a loan is had by me if we reside outside of the British?
We are able to just provide loans to those who are now living in the united kingdom – that’s England, Scotland, Wales and Northern Ireland. Just as much as we’d love to aid, other nations have actually various guidelines.
If you’re in the united kingdom for at the very least 2 months per year then we’re able to nevertheless accept you.
Exactly how much could I borrow?
By having an Amigo loan, you are able to borrow as much as ?10,000. For as long as it is affordable for you personally, we’ve got you covered.
Next, choose your loan term. Our loans could be applied for between one and 5 years based on just just just what matches your financial allowance.
1 beginning the application
We’ll need to find out a bit about yourself. This means your name, date of delivery along with your contact information (for whenever you are sent by us information on your loan).
We’ll then request you to read the T&Cs and your credit contract. As soon as you’re pleased with every thing, click on the box and indication your contract electronically.
What exactly is an electric signature?
Supplying a signature that is electronic a simple way of signing your contract online. In the place of composing your title by having a pen, you just click on the yellowish field that says “I accept & signal this agreement”. Which means no paper kinds or unneeded delays. Since this will be exactly like a ‘wet-ink’ signature, it is crucial you don’t indication until you’re completely happy by what you’re agreeing to.
2 doing your financial allowance plan
Next, we’ll request you to supply a breakdown that is quick of funds. We should make certain this is actually the right loan for your needs, therefore we’ll simply just take straight down your earnings and outgoings. This may show us if the loan re payments are affordable alongside your other economic commitments.
Do i need to be used?
You don’t should be used to borrow from Amigo Loans. Though we’ll make certain the loan can be afforded by you re payments alongside your normal living expenses, it does not make a difference if for example the earnings is from wages, advantages or retirement benefits (or elsewhere nevertheless). It simply has to be regular and assured.
How can I deliver evidence of my earnings, ID, as well as other papers?
Whenever we request you to submit evidence of your earnings, ID, or whatever else, there’s absolutely nothing to be worried about – it simply means we couldn’t confirm your details during our online checks. By turning in a definite image of a document confirming these details, we could speed within the application and shell out the loan at the earliest opportunity.
It is possible to deliver the image by e-mail to email protected or by photo message to 07717989072 (please remember that your telecoms provider could charge a fee for a photo message).
We can see the following information clearly – it’ll help if the statement covers a full month if you’re sending a picture of a bank statement, make sure:
- Your name
- The Bank’s logo design
- Sort rule and account quantity
- The earnings being compensated to the account (this might consist of advantages, retirement benefits or wage. In the event that earnings is compensated regular we have to see two consecutive months of re re payment)
- The date ( not more than 100 times)
We can also accept if you don’t have a bank statement:
Advantages – current page through the Pros Agency
- Your complete name
- The quantity you get as well as the regularity of re payments
- The date ( maybe perhaps not more than 100 times)
Pension – a page through the Department for Perform and Pensions or perhaps a pension provider that is private
- Your name
- The total amount you get therefore the regularity of re re payments
Work wage – payslips
- Your complete name
- The boss’s title
- Your money details
- And dated within 100 days (if you are compensated regular, we must have the ability to see a couple of weeks’ worth of re re payments)