- Emma Anderson
- June 19, 2020
You must be familiar with the term loan, as it has become a basic need in contemporary times.
18-year-old students are getting a loan to pay for their tuition.
25-year-old new employees are getting loans to buy a new car.
40-year-old parents are taking loans to buy the perfect family home for their children.
The need for loans are so diverse and sometimes urgent that getting through the process of acquiring a loan becomes too much to handle.
Loans are indeed taken in situations that would make the already sound circumstances of the borrower even better. However, the majority of the time, loans are taken to get out of a difficult situation.
When someone is already distressed, and beyond tensed, the cumbersome nature of getting a loan is bound on his nerves.
So, what does he do?
He swallows the bitter pill and gets through the frustrating loan procedure because there is no other way.
What if I told you there was a way? A way that is easy, quick, and relieving.
Don’t believe me, continue reading, and you will.
Gone are the days, when the borrower had to stand in a long queue in the bank and deal with the disgruntled bank manager, almost beseeching him to approve your application.
Now, the borrower is considered the paramount player in the process of procuring a loan.
The ease of applying for one will help you understand this.
If I needed a loan, all I need to do is type the same on Google and the search engine would lead to the best loan lenders, like Quick Loans Lender.
After visiting their website and reading through their loan categories, I will choose the best suited for me.
Then all I have to do is click on that apply button, and my application is sent.
You can do this while having brunch with your friends on a Sunday afternoon. Does this not scream convenience to you?
You do not have to present tons of documents to be told that a few more are needed to get your hands on the loan amount.
The convenience of application is partly because the borrower has to provide the least documents and verification for being loan approved.
All you need is
to be a British Citizen;
to have a steady stream of income, this would be proven by your bank statement;
to be willing to apply for a loan;
And that is it. Nothing else matters in the loans that are the most popular in the present.
A bailsman is a person who gets you bail out of jail, most likely. A bailsman is also someone who provides surety on your behalf.
Does this ring a bell?
Loans use the word guarantor for the same, a guarantor who used to be necessary if you need the approval on the loan you want.
However, at present, the curation of non-guarantor loans has eliminated this obligation.
Lenders understand that a bailsman cannot mandate a complete repayment of the loan. Instead, a person’s monthly income will. Hence, the focus has shifted, and the borrowers are happy about one less requirement in the ordeal of loan acquisition.
What Bank Account?
You would be entirely surprised to hear that getting a loan is possible even if you do not have a bank account.
Yes, you read it correctly.
The possibility of someone not having a bank account in 2020 is slim, but it is still there.
Provident had started this trend, wherein,
a loan agent would come to your home,
get your details,
and if you fit the bill, he would give you the loan amount then and there.
Even the instalments are collected from your doorstep every month by the loan agent himself.
Such ease is possible through doorstep loans like Provident. All you need to do is make a call, and the loan amount would come directly to your doorstep.
I hope that these would have helped you get awareness about the ease of loans that direct lenders have made possible.
If so, my work for the day would be accomplished.