Amigo Loans are a guarantor lender that helps applicants who may have been turned down elsewhere. They offer loans up to £10,000 with a variety of amounts in between, with a maximum term length of 60 months. At QuidMarket, we do not offer guarantor loans like Amigo, but can cater to a range of backgrounds as we base our lending decisions on affordability. We offer short term loans for those with temporary cash flow issues or requiring funds for emergency payments, so if you are currently looking for loans like Amigo to cover an unexpected cash issue, we may just be the answer.

At QuidMarket, we believe in offering as much information about loan providers and alternatives as possible to help you make an educated choice when it comes to applying for a loan. On this page, we will cover Amigo Loans, the types of loans that they offer, and the alternative loans like Amigo that are available. Hopefully, this will help you to make an informed decision about which Amigo Loans alternative is right for you and your financial position.

How much do you need?

£300 £1500

For how long?

Apply Now

Month 1


Month 2


Month 3


Month 4


Month 5


Month 6


This is for illustration purposes only. Your repayment schedule will be confirmed during your application

*All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1301.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

Compare short term loans on Clear and Fair

As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer.

Who Are Amigo Loans?

Amigo Loans UK are a guarantor loans provider who offer personal loans over a repayment term of up to 5 years. As they require a guarantor, you must ensure that you have a trusted friend or family member who will make monthly repayments if you default on your instalment loan. Having a guarantor secures the loan for the lender and allows them to provide options for those with lower credit. They check their loan applications for affordability, but also require a guarantor to approve the application. You can apply for Amigo Loans’ services online, which makes the application process fairly simple, especially if this is your first time applying for a loan.

According to Amigo Loans reviews and the information they provide, their service is all about trust and providing a way to help those who may have been turned away elsewhere. In their mission statement, they state that they believe in giving people the chance to borrow, even if they do not have the perfect credit score, which is the approach we take at QuidMarket. This is why we base our lending decisions on affordability and will never give cash loans to customers who do not meet our affordability standards. We always keep our customers’ best interests at heart and offer a personal approach to our affordability checks to ensure nothing is missed.

Borrowing From Amigo Loans UK

Amigo Loans start from £2,000 and rise up to a maximum of £10,000, so they can cater for large expenses. This is offered in the form of a guarantor loan, which needs to be agreed with a third party. This guarantor would take over repayments if you default on the loan, so you would need to find a trustworthy friend or family member to agree. Guarantor loans can offer reasonable interest rates, thanks to the added security, and can cater to those with poor credit. At QuidMarket, we offer our new applicants short term loans that start from £300 up to a maximum of £600. We never want applicants to take our more than they can afford, which is why we set our limit at £600 for first time borrowers. However, if you loved our services and return for another loan, you may be able to borrow up to £1,500.

The terms for Amigo Loans UK are flexible, but the maximum amount of time you can set for repayments is 60 months (or 5 years). This makes them long term loan lenders, offering cash to cover an extended amount of time. This differs from our short term loans, which have been designed to help those with temporary cash flow issues or emergency payments. We offer terms between 3 months and 6 months for new customers, because we feel it is right for borrowers to repay over a period of time that is manageable for them. We keep our terms within reach, so that applicants do not borrow for an amount of time that they cannot afford.

Why Choose QuidMarket?

If you are looking into alternatives for loans like Amigo, we may just offer the ideal solution. Despite this, you should research your desired loan provider as much as you can before entering into an agreement. Reading Amigo Loans reviews and creating your own comparisons are a great way to determine whether the lender is right for you, but here are a few reasons why we think you should consider QuidMarket as an option:


At QuidMarket, we strive to keep our loans as flexible as possible for all of our customers. We want to offer every applicant the opportunity to pay their loan over a period that suits them and provide the amount of cash needed for their financial situation. Whether they have a temporary cash flow issue or an unexpected emergency, our short term loans are designed to help. We offer loans from £300 to £600 for new applicants, with a variety of amounts in between, which could be perfect for a short term cash issue.

No Hidden Fees

We pride ourselves on complete honesty and transparency, so we guarantee no nasty surprises or hidden costs with our short term loans. We do not charge any late payment or upfront fees. Instead, we will clearly explain the loan and repayments before we come to an agreement and there will be nothing more to pay.

Options For Bad Credit

Not all lenders offer loans to those with bad credit, so if you have been turned away by other providers, QuidMarket may be able to help. Like Amigo Loans UK, we consider all applications, despite your credit score and base our bad credit loans on affordability. This is to ensure that you will be able to make repayments comfortably each month without being left out of pocket. We will assess your monthly income, your essential spending, and any other financial commitments you might have, instead of reviewing you whole credit history. We take a personal approach in our checks, so we can understand each applicant’s financial situation to make our lending decision and keep their best interests at heart.

FCA Authorisation

When browsing for loans like Amigo, it is essential that you choose a lender who is fully FCA authorised. This type of authorisation ensures that the lender is trusted and reputable, so if you are cannot find a sign of FCA approval on a lender’s site, they should be approached with caution. QuidMarket are proud to be fully FCA authorised and this allows applicants to confidently apply for our loans.

We want you to be completely confident in your choice when it comes to searching for alternatives to Amigo Loans UK. There is no pressure for you to make a decision on the spot, however, if you need a quick solution, QuidMarket could be ideal. Our short term loans have been designed to be manageable and affordable for 3 to 6 month periods, making them ideal for temporary financial issues. Find out about our Pounds To Pocket alternative or Lending Stream alternative. If you have any questions about our loans, please contact us and our team will be happy to help.

Warning: You should never pay upfront fees for a short term loan or send money in return for a short term loan. Late repayment can cause you serious money problems. For help, visit: