Our Loans About Us Nova Blog Help Existing Customers Apply Login Home Help Your Application Applying for a loan with Amigo? You’re in good company. Our application couldn’t be easier, but just in case, here’s a handy guide to take you through the process. 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 21-75 not on an active bankruptcy, IVA, or equivalent or a Debt Management Plan have a minimum income of £800 and are able to make the loan repayments and pass our affordability checks. You’ll also need a friend or family member who trusts you to be your guarantor. When you make an application we’ll carry out a credit check and will ask you to complete an online budget plan. Don’t worry, we don’t mind if you don’t have the perfect credit score, we just want to make sure the loan repayments are right for you and your situation. So far, we’ve already lent to over 375,000 people who may have struggled to get loans from elsewhere. Do you accept people discharged from bankruptcy? Can I have a loan if I live outside the UK? How much can I borrow? With an Amigo loan, you can borrow up 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. 1 Starting 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. What is an electronic signature? 2 Completing 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. Do I have to be employed? How do I send proof of my income, ID, and other documents? 3 Your 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. What is an amig.me or amigo.me? Who makes the monthly payments? 4 A 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. When will you call me? Do I need to be able to speak English? 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. When will the loan be paid out? How can I get my loan quicker? Why is the loan paid into the guarantor’s bank account? How do I cancel my application? Questions? If there’s anything we’ve not covered already, have a look below. Have you taken 1p from my account? What is the cooling off period? Can I change the loan amount or extend my loan term? What do I do with an Amigo PIN? I got a loan approved letter but they don’t live at the address? I’ve settled my loan. Can I apply again? Anything we haven't covered? Check out our guides below: Manage my account Payments Our interest Support Hub Have a question? Search FAQs Follow us Navigation Community Legal Opening hours: Monday to Thursday: 9:00 - 18:00 Friday: 9:00 - 17:00 Saturday: 9:00 - 13:00 Representative 49.9% APR (variable) Amigo offers loans from £2,000 - £10,000 over terms between 12 and 60 months, with a maximum APR of 49.9%. Amigo Loans Ltd Authorised and regulated by the Financial Conduct Authority. Registered in the UK, number 4841153. Registered Office: Nova Building, 118-128 Commercial Road, Bournemouth, BH2 5LT. Registered with the Information Commissioners Office Z8738456. Financial Conduct Authority Permission Number 708284. 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