Extramile Finance

Cash loans at doors are ideal for individuals seeking instant cash at home or office premises. You may need it to finance emergency requirements, which cost £1500. Yes, these are short-term loans with minimal funding criteria. It is because it aims to help individuals with low credit history and no credit score. It is the reason one may qualify even if he lacks a bank account.

You just need to apply for doorstep loans online at the portal. Once you do so, you can get the cash at the doors in Liverpool within 45 minutes. It may help the self-employed, unemployed, old or pensioner, and people with mobility issues. The blog discusses the simple and best ways to get a loan.

Let’s first understand how it works.

What does doorstep loan mean in simple words?

Doorstep loans are unsecured personal loans for low-income individuals or bad credit. The lender’s representative delivers the cash to your home and collects it the same way. It is the reason these loans are also known as home collection loans. It exempts one from visiting the lender and paying the dues. However, you can receive money or repay the amount online.

It is a fixed-interest loan where you pay a specific amount every month/week. However, the interest rates on these loans are competitive. This implies that missing payments on the loan may make the loan more costly. However, you can budget for the payments. You generally pay around 40-45 per month on average. It is thus affordable for individuals earning a regular income.

You just need to provide income proof to get the loan. The representative tallies the amount you need with the income. If you can afford it, you may get the cash instantly.

Who is eligible for cash loans at the doors?

You may qualify for doorstep loans if you have a stable income. Yes, pensioners may also qualify by providing the slip of their pension.  Here are the detailed eligibility criteria for loans at the doors:

• You should be 18+ and a UK citizen
• Should have a legal income- part-time/full-time
• Should have a direct debit account (not compulsory)
• Should be able to afford the repayments
• Needs only specific amount up to £1500
• Share mobility issues or need urgent money at home

Can you get door-to-door loans if you live in Liverpool?

Yes, you may get doorstep loans in Liverpool and nearby areas in the UK marketplace. Precisely, you can apply as a permanent citizen of the country from anywhere in the country. You just need to choose the right lender to support your needs.

Google it out by searching the “best doorstep loans near you”. It will reveal the leading companies providing the same. For example, you can apply with ExtramileFinance by making a simple 2-minute loan application.  Here is how to do it:

1)    Step 1 – Analyse your loan purpose and amount needs

Knowing the reason for checking doorstep loans is the primary thing. Analyse whether you can meet the needs with existing savings. If not, check if you can delay the situation until you get paid. If not, identify the amount you need to fix the situation. If unsure, pick a flexible amount like- if confused between £800 and £1000, take £1000 for your needs. It will help you with extra costs if any.

2)    Step 2- Click doorstep loans and apply

Identify the doorstep loans at the platform and apply. You do not need to provide lengthy information like a detailed residential or office address. Instead, you can keep it short. The platform only asks for details like- name, contact number, email, amount requirement and loan purpose.

You can choose the amount according to your preference. Check the details carefully before clicking the apply button. It prevents you from editing the application again.

3)    Step 3-  experts receive and analyse your application

Once you apply by analysing the spellings and information, the experts respond quickly. You do not need to need to wait for hours. Instead, an advanced setup helps the experts identify a requirement quickly. The company sends one of their representatives to your home/office. 

4)    Step 4- representatives verify the income and other details

The representatives land at the address that you mention on your application. Ensure to mention the landmarks and postal code correctly to avoid inconvenience. It takes around 15-30 minutes to reach the destination.

They begin with the further proceedings of the loan approval. You must provide proof of income that supports your affordability. The experts tally it with your requirements and create the final agreement. Verify and approve the agreement after checking the loan terms, monthly repayments, and interest rates.

5)    Step 5 – get the cash quickly after approval

The representative provides you cash instantly if you meet the criteria and affordability. You can ask anything about the loan agreement. It will help you ensure comfortable repayments.

This is how you can get a doorstep loan in areas like- Liverpool, London or Birmingham hassle-free.

However, these loans may help you counter a short cash need quickly.

What if you need an amount over £1500 for your needs? If you do, other loans may help. For example, you can get an amount up to £10000 despite a fair credit history. Additionally, you don’t need someone to guarantee the payments.

Yes, it is possible!

Which alternative can you tap in place of doorstep cash loans?

No guarantor loans are one of the best alternatives to short-term doorstep loans.

A no-guarantor loan is a facility for individuals with regular income and a fair credit history. It requires one to hold a valid bank account and personal debit card. If you lack one, you may not qualify. Additionally, you must have a fair credit score. It reveals your potential to pay the dues back within the expected time frame. Individuals lacking a credit score may not qualify.

However, individuals with fair credit and a bank account may benefit from this. This is because no guarantor loans in the UK marketplace are affordable to doorstep loans. Doorstep loans have an APR of over 1333%, whereas you may see no guarantor loans at 96.6%. The higher the APR, the costlier the loan. However, doorstep loans have minimal monthly payments that do not burden the individual.

If you need £1500-£10000 for your needs, check loans with no guarantor. It helps you finance the requirements quickly. You must provide consistent proof of income with a salary slip to qualify. If you qualify, you get the sum at the same moment. You can repay the amount comfortably in 12 months.

Bottom line

Doorstep loans are ideal for individuals with no credit history, bank account, or credit score. It helps such people with instant cash at-door facility. Analyse your requirements, and you may get up to £1500 for your needs. However, borrow consciously as it impacts the total amount you pay by the agreement’s end.