Doorstep loans are also called home credit. These are basically unsecured loans that can generally be taken for availing smaller amounts of cash. Borrowers of these loans get the cash delivered right at their doorsteps. This is done by a representative or agent visiting the borrower’s residence for collecting repayment instalments on a monthly or weekly basis.
The interest on these loans is generally calculated on rates that are pre-set while the amount of the loan is disbursed to the borrower in not more than two days. The eligibility requirements for such loans are also minimum making them one of the best loans for individuals with bad credit.
How to Get Door to Door Loans
There are agents delivering these loans to the doorsteps of the borrowers. It is this doorstep lending procedure that makes these loans approachable and simple at the same time. Agents delivering cash amount to the doorsteps of the borrowers are entrusted with the responsibility of analysing the requirements of the customers and offering credit accordingly.
You can go online and use the keyword ‘Doorstep Loans’, there will be a lot of brokers & lenders offering you the same online. You can always avail our service here and we will make sure we get back to you with the FCA authorised lenders offering short-term loans so that you can easily cope up with the financial crisis or urgent money need.
More about Doorstep 12-months Loans
Everything is carried out in the form of doorstep service with the borrowers getting the funds that they require delivered comfortably to their homes. Lenders offering these loans have a clear understanding of the specific requirements and circumstances of the borrowers allowing them to borrow just the amount that they are certain about repaying without much burden on their finances. Please note that there is no such thing as NO CREDIT CHECK, there will always be a soft credit check and basis your current income and ability of repayment the approval process begins.
The doorstep loans with bad credit are also known as 12-months loans as they are offered for the shorter span of time which is 12 months. There is no guarantor required for the approval of this loan.
12-months loans available at the doorstep of the borrowers tend to be extremely flexible with the decision of disbursing the loan to the borrower is not completely based on the credit history of the borrower. A final decision on approving such loan depends on the existing situation of the borrower along with his or her ability to make regular loan repayments in the most comfortable manner.
It is only because of this reason that the lenders of these loans have their focus on the borrower’s future abilities to repay the loan amount instead of his or her credit history. This comes as a major relief to individuals who are in the lookout of unsecured no guarantor loans. At the most, the loaning agents will carry out a customary evaluation of the past credit rating of the borrower.
Doorstep Loan Application Procedure
It is always a good idea to apply for short-term loans online. This is because the online loan application procedure is quite convenient and easy. Also, if you do not have much experience in applying for such loans, you are free to use the services of the broker. Brokers also operate online, and you can easily approach them.