This car finance eligibility service is provided by Carbon Finance.
When you click Check my eligibility, you will be directed to Carbon who will help you find personalised finance deals.
The data you supply will be directly submitted to Carbon and be used to generate loan quotes from Carbon's panel of lenders.
Carbon's service only uses "soft searches" meaning there will be no impact on your credit score. Carbon is a trading name of Carbon Finance Limited and is registered at 6 Worcester Close, Lowdham, Nottingham, NG14 7WH and is authorised and regulated by the Financial Conduct Authority
Bamboo Car Finance FAQ
Who are Bamboo?
Bamboo is a direct lender that was incorporated in 2014. They initially started out by offering guarantor loans, but branched out into unsecured loans in 2015 to give customers more finance options, when purchasing a car for example. With offices in Southampton, London, and Caerphilly, Bamboo aims to cater for a range of people, including those with poor credit histories.
What car finance products does Bamboo offer?
Bamboo offer guarantor loans and unsecured personal loans, both of which can be used to finance a car purchase. Unsecured loans will typically be more suitable for those with a better credit rating, while guarantor loans will help people with a poorer credit score to access finance. Guarantor loans will require an individual (a guarantor) to guarantee to make any repayments that the applicant fails to pay.
How much can I borrow from Bamboo?
You can apply for loans of differing amounts from Bamboo. The actual amount you receive will vary according to your personal situation, the type of loan you choose, and how much you want to borrow.
Existing customers may be able to apply for a top-up loan, if they have kept up-to-date with their previous repayments.
Who can apply for Bamboo finance?
Any UK resident over the age of 18 can apply for Bamboo finance. Bamboo will consider all applicants on a case-by-case basis but, to be eligible, individuals should not be bankrupt and should be able to afford the monthly repayments.
Can you apply for Bamboo if you have a bad credit history?
Yes, Bamboo aims to help those with bad credit histories access finance. Even if you have a County Court Judgement (CCJ), Bamboo may be able to find a suitable finance solution for your needs. They offer guarantor loans specifically to help those individuals with poor credit histories.
What information do I need to provide Bamboo with?
When you apply for a Bamboo loan, you will need to submit your personal details, how much you want to borrow over what period, and what you want the money for. You will then need to provide income and employment information, as well as details about your guarantor (if you are applying for a guarantor loan).
Is Bamboo safe?
Bamboo is authorised and regulated by the Financial Conduct Authority. They are also a member of the Finance and Leasing Association (FLA), which ensures lenders like Bamboo meet the necessary standards in their services to customers.
Services offered by this provider may change over time. Always check Ts&Cs.
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