Amigo unveils 50% rate for its ‘guarantor’ loans

New lending entrant Amigo said it has struck a fair price in charging 49.9% for its loans to people who cannot borrow from banks and credit unions because of their poor credit record.

The lender, which started operations in the Republic this week, said it will work over the next few years to build its knowledge of its new “guarantor” market in the Republic.