Whenever one is in problem he or she avails the credit facility. But it is very troublesome as the person has to travel long to the bank, stand in long queues, fill in the application form and all the complex procedures involved. But there is no need of doing so any more.
You can apply for the doorstep loans whenever you are in problem. As the name suggest this facility is made available at the access. There is no need for you to travel or fill in the complex procedures.
The amount available for you in this form of credit facility is of the range from 50 to 500. This loan amount has to be repaid within 1 to 30 days. If you require the amount for an extended period you can do so by informing the financial institution.
As this is a short term loan facility you will be offered this credit at high rate of interest. Also the non repayment of such loan facility tempts to increase the financial problems as one will be charged for the extra days with heavy fines and penalties.
Doorstep loans are made available at your home or in the bank account. As soon as you apply for it the advanced amount will be transferred directly to the bank account. Also the repayment is done through the bank account itself. Therefore one is needed to have a valid bank account no matter in any of the banks but it should be in UK itself.
This loan facility is also made available to the person who may not be successful in maintaining good credit status. As there is no credit verification done in any of the procedures a person with bad credit borrower name can also apply for it.
One can also apply for this loan facility through online mode also. This method can be well relied. And it involves no much of documentation and paperwork.