What is a doorstep loan?
A doorstep loan is a short-term borrowing option in which you receive an approved loan amount at your home. They are also known as home credit loans, home collected loans, or door-to-door loans. Our loan executives for the doorstep loans in the UK come to your home with cash approved as per your creditworthiness. Instalments are also collected by collection executives from your place only. A doorstep loan with a bank transfer facility is not available. You should be receiving funds from your comfort zone.
Quickloanslender offers budget-friendly deals with a personalisation feature. It means you get an affordable loan amount and interest rate. Also, repayments are flexible. With affordable loan solutions, we break the monotony of the market established by dominating lenders of doorstep loans like Provident. Say no to expensive deals and borrow through us conveniently.
Do doorstep loans still exist in the UK?
Yes, the doorstep loans are still available in the UK. However, these are more easily accessible with direct lenders. You may find it difficult to find an affordable doorstep loan from a bank or any mainstream lender. Due to the personalised services of home-delivered cash, the interest rate is high. But in direct lending, customer-friendly deals ensure individualised loan agreements. You can get a loan offer designed according to your current repayment capacity.
We want you to have a better understanding of the features of these flexible loans.
| Feature | Utility |
|---|---|
| Amount of loan | Get short-term cash loan in small amounts as per your need |
| Rate of interest | Get pre-qualified for personalised low-interest cash loans |
| Application mode | Apply doorstep loan online from your home in the presence of a loan agent |
| Repayments | Monthly or weekly loan repayment is possible |
| Credit check | Get soft credit check loans by establishing your affordability |
| Availability | Look for “loans near me” as they are available in all major cities in the UK |
How do doorstep loans work?
The doorstep loans online work through a transparent procedure. Part of this loan process is digitised, from application to approval decision. The rest of the process of fund disbursement and repayment collection happens through face-to-face interaction.
Here are the steps to apply for a doorstep loan:
- Step 1 – Apply for the loan online. Mention the loan amount you need, upload documents proving your earning source, and also provide your current address. It is vital that you have stayed at the same address for at least the last six months. Now submit the online application form.
- Step 2 – After you submit the form for these loans you will receive the approval decision in a few minutes. Suppose you are approved, and after the decision, you receive the loan agreement online. Give your consent online if you are satisfied with the loan terms and conditions.
- Step 3 – Receive funds in cash. A loan executive visits your place to deliver cash. Get money in your hand and you can use it for any purpose. There is no restriction on the use of funds in the case of doorstep funding.
- Step 4 – This step is not exactly part of the loan application process, but it is the most important one. After using the money, you need to pay it back. Hence, to collect installments, our loan or collection executive will visit your place. Ensure timely repayment on every due date.
The application process above is equally applicable even in the case of doorstep loans on benefits. We follow a democratic approach to make sure that we provide funds to a wider range of applicants.
Who is eligible for a doorstep loan in the UK?
Anyone who can fulfil the following loan eligibility criteria can apply for the doorstep loans from a direct lender in the UK.
- The minimum age requirement is 18 years
- UK residency that is provable with a permanent address proof
- Income proof of regular earnings. This could be from
- Employment
- Self-employment
- Benefits (Pension, Universal Credit, Disability benefits, etc.)
- Home access to allow a home visit by our loan executive
- Bank account details (Optional)
Providing all the details accurately helps you get smooth approval. Apply for the doorstep loans today following the eligibility criterion, and we will send money the same day.
What can I use doorstep cash loans for?
For many purposes, these urgent doorstep loans can be used. As the funds are delivered to your home, look for a lender nearby. We fund all across the UK, hence, you can search for the doorstep loans near me and we will be there.
- Emergency expenses – Cover all types of your urgent expenses like medical costs, home or car repair, etc.
- Daily essentials – Manage day-to-day needs like grocery purchases, travel fares, school-related expenses, etc.
- Household bills – Use doorstep cash loans to pay overdue household bills like electricity, and manage a sudden rise in living costs.
- Bridge financial gap – Manage cash flow issues, benefits payments, temporary income drop, etc.
- Poor credit situations – Get funds when banks deny or use as an alternative if you have no collateral or guarantor.
- Rent and house-related costs – Get funds to pay overdue rent, pay council tax, cover move-in fees, or deposit needs.
What are the advantages and disadvantages of doorstep loans?
Doorstep funding has its pros and cons. The more you know about them, the easier it is for them to make a rational borrowing decision. Read the points below and decide when you can apply for the loans.
| Advantages | Disadvantages |
|---|---|
| Get them as instant funds, like instant decision payday loans | Cheapest doorstep loan might need you to provide collateral or a guarantor |
| Tailored deals at competitive rates are available | Avoid getting a large doorstep loan, as qualifying will be difficult |
| Pre-approved offers make borrowing predictable because of responsible doorstep lending | You can over-borrow if you do not set a clear repayment plan to avoid a debt trap |
| Flexible repayments allow paying back in different ways | Understand the doorstep loan credit impact and budget carefully to ensure timely payment of loans |
| The fee structure is transparent with no hidden fees | Doorstep loan without a home visit is not possible |
Do doorstep loans have no credit check?
If you have poor or no credit history, you can apply for a doorstep loan with no credit check upfront. However, doing a credit search helps us know about your financial ability better. As a result, we can customise your deals better. This, in turn, ensures that you get affordable deals.
No credit check is also termed as a soft check. It is an initial check of your current repayment capacity. We don't go deep into your financial records. Hence, you don't get a search footprint on your credit report.
When you apply online, you can choose to allow or not allow a credit check at the initial stage of loan application. If your concern is to avoid a hard search, decide to apply for doorstep loans with no credit checks from direct lender in the UK. However, with a detailed study, we may be able to offer you a bigger loan amount. Also, for future loan requirements, you can get personalised pre-approved offers.
What are the types of doorstep loans?
Multiple alternatives are available for doorstep loans. Read below and choose the one that suits you best based on your financial needs. Every loan option has its special feature. Unlike home collection loans, the alternatives are processed digitally with no paperwork requirement.
- Bad credit loans – Borrow despite a poor credit situation with loans for bad credit. Despite the low credit profile, doorstep loans with no bank account needed are still accessible. These loans have a slightly higher interest rate due to a high risk profile. Hence, you need to prove a strong repayment ability.
- Unsecured loans – Borrow without collateral conveniently without the fear of losing assets. Find a hassle-free way to handle a financial crisis. Apply through a quick online procedure and get funds online.
- No guarantor loans – The loans require no guarantor to borrow funds. Apply for funds as per your repayment capacity. Make sure you have a regular income, and the debt-to-income ratio is worth considering. There will be no guarantor to support your loan request.
- loans for unemployed – It is fine to borrow even if you are jobless online. These are less expensive than the doorstep loans 4 unemployed. Any type of income, whether benefits payment, side hustle, freelance work, or whatever your income type, we accept that.
- Christmas loans – Don’t let the vibe of the festival die due to a lack of money. Apply today for Christmas loans online and get funds at a lower rate of interest. During the festive season, we have lower discounts for new borrowers and pre-qualified offers for the existing ones.
Are doorstep loans for bad credit available?
Yes, the doorstep loans for bad credit are available for those struggling with a poor credit situation. For this, you have to apply for loans with a provable credit purchase power. Due to personalised and home-based service, the interest rate of door-to-door loans is a little higher. That is why it is important that you show payback ability through a regular income.
Along with this, your payment behaviour has also been studied in the last six months. Timely paid bills and dues in the past six months must be shown in your bank statement. At least 70% to 80% of your current debts should be paid on time. This gives us a potential reason to approve you despite a poor credit situation.
It will not be wrong to say that you can access funds at home only through home credit loans from direct lenders in the UK. In mainstream lending, getting funds delivered to your home with a bad credit situation is rare. Even if you find a deal, getting bespoke loan offers is impossible. Hence, you can borrow faster and safer through a new-age online lender.
Are Doorstep Loans available everywhere in the UK?
Doorstep loans are available everywhere in UK. For loans, you have to follow the initial process online. Due to our online presence, you can apply for funds from any city, state or rural region. Whether you apply for doorstep loans in London or York, Quickloanslender lends you money wherever you are in the country.
Doorstep funding was started with the specific aim of offering funds to digitally excluded people. Hence, through an easy and transparent loan procedure, you can borrow money for any purpose. Even those who do not have a bank account can avail themselves of the loan. Easy delivery of cash to your home is possible. Hence, the initial process from application to approval occurs online. Location is not a constraint. Apply for the doorstep loans in Scotland or Liverpool, we are there to fund you through an instant process.
No demand for collateral and guarantor makes it even more convenient to bring cash to your home. Our loan executives have delivered cash to almost all parts of the country. We have a wide area where our customers live. Therefore, if you are thinking of any location constraint, forget about it. Think about your circumstances and plan how you are going to use the money. We have no issues with the location. Apply today for doorstep loans in Bradford, Manchester, Bristol, and York, or any other city. Prove your repayment ability and get an instant approval decision. Pick your option and borrow funds now.
Quickloanslender is a dedicated direct lender offering loan solutions for years. With more focus on current repayment capacity and less importance given to credit score, we ensure quick funding. We know every minute is precious when an urgent need occurs. Trust us and get a loan through personalised deals available for you, irrespective of your credit score and income type.