subject: Doorstep loans advances at your doorstep [print this page] Doorstep loans advances at your doorstep Doorstep loans advances at your doorstep
Doorstep loans are short term loans that are available for small needs. These advances are given to the borrower, at his doorstep making the process more quick. These finances do not necessitate any credit check.
These finances can be used to fulfill any need of the borrower. E.g. to pay off outstanding electricity bills, or to pay for any repairs. Doorstep Loans are similar to payday loans. They are short term credits. The credit lent has to be repaid with the next paycheques
These advances help you solve your instant fiscal crisis. Lenders offer credit ranging from 50- 500 for a period differ from 1- 30days. The lenders decide the credit depending upon the borrowers employment condition and his financial ability. These advances carry a high rate of interest as compared to other loans. The lender is at a risk to lend finance, as there is no security kept. If the borrower fails to pay the amount, the lender has no means of recovering the amount from him.
Advantages are as follows:
These advance can be repaid when the next pay check reaches your destination. These finances are suitable as they are available at the borrowers doorstep.
Disadvantages are as follows:
The interest rates are high as compared to other finances. Default in repayment can invite trouble for you, as the lender can hold you on legal grounds.
The eligibility criteria are as follows:
The borrower must be above 18 years of age. He should have a steady income and stable employment. The applicant should have an active bank account. He should be a citizen of UK.
Doorstep loans can be applied online. This saves the time of both the lender and the applicant. The form takes only a few minutes to fill in the application form. It contains details about the claimants name, age, address, and proof of employment. He is also asked to submit his social security and bank account figure. When the credit is approved, the amount reaches the borrowers account within 24 hours.
