Doorstep cash loans are basically short term funds that can be availed for small but urgent requirements. These advances are granted to the borrower at his doorstep. As soon as your request is sanctioned, the amount is directly transferred to the borrower's bank account.
They are short term funds that prove to be a great help for you in your emergency money crises. This finance can be availed by any person they are also approved to bad credit holders. Hence, they can be availed by any person irrespective of his credit record.
These sums can be used to fulfill any need of the claimant. E.g. to pay off outstanding electricity bills, or to pay for any repairs, school funds, house rent and so on.
Doorstep cash loans function the same way as payday loans do. These finances have to be repaid with the next pay check that the borrower receives.
These advances solve the immediate monetary crisis of the borrower. Lenders offer credit ranging from 50- 500 for a period ranging from 1- 30days.
Before lending, the lender must be convinced that the borrower can repay the loan granted to him.
You have to fulfill simple criteria to be relevant for these finances:
1. You must be a UK civilian with a stable job.
2. You must have a legal bank account against your name.
3. Your monthly income must be at least 1000.
4. You should convince the lender that you could repay the borrowed amount.
5. You must be above 18 years of age that shows that you are an adult.
To avail these finances you at present need to fill in an online application with your true details. The lender may ask you details like your bank account number, contact number, resident proof, and ID proof and so on. There is no credit verification required.