Doorstep loans are some kind of a small unsecured cash loan that will deliver direct to your door. As the name suggest the cash you applied will be delivered to your doorstep by a local agent. In this process a agent from lender will be assigned to you who will come to your home on a weekly basis to collect your loan repayments. That means if you don’t have a bank account still you can get a loan in your hand and the repayment will be collected by the agent. So you don’t have to worry about bank account.
To start with doorstep collection loan you have to apply through online after then a home interview will be taken by a company representative. This door to door loan gives you an opportunity to discuss your financial condition with the agent, and he will guide you in best possible way. The agent will take some details from you and see whether you’ll be able to repay the loan or not. However in some circumstances you are not able to pay amount then the agent will advise you to how you can pay back without taking any financial burden.
Criteria and Fees
You can simply access a loan between £100 to £500, for this home collection loan you must be 18 years old or above and must be a UK resident. Some lenders won’t lend money unless you’re over 21. We do not charge you any fees to make you in contact with doorstep loan lender.You Can Go Their to Apply!
How to Stay Safe from Fraud Companies
All Lenders in UK have to be licensed by the Financial Conduct Authority (FCA). You should always check the FCA license of lender before applying with them. If someone calling you and offering a loan without showing their license then you should report about such Loan Shark.
Alternatives of Doorstep Cash Loans
Credit Union – This loan option is especially for you if you want a loan without getting in trap of high street lenders. They are the cheap loan alternatives for your needs. They don’t let you take out loans if you can’t afford to pay back. They also have a low APR of 2% a month or 26.8% a year APR and also there are no penalties if you repay the loan early.
Credit Card - You can also increase the limit on your credit card, which will be cheaper than a doorstep loan.
Family and friends - You can ask from your family member or friend to lend some money, it can help you to avoid the risk of loans till next payday.
Another Way to find a loan
Compare the price of home collection cash loans in your area at www.lenderscompared.org.uk
Consumer Advisory: This site is a simply informational site. Our sole purpose is to educate borrowers before they apply for Home Credit. Before applying for loan you should get all the information about any such lender. The operator of this website is not a lender and does not make credit decisions.
If you are using the apply button that we have placed on our site then it’s your responsibility to check about lender. We provide only loan matching service. This site will only submit your information to the direct lender. Upon loan approval, a direct lender may require further information from you which will be collected after we transfer you to their website or they may contact you via phone or email.