Can I get a cash loan delivered to my door?

Can I get a cash loan delivered to my door?

The short answer is yes, you can have a cash loan delivered to your home.

When you’re looking to borrow money, arranging to have a cash loan delivered straight to your door is a quick and simple option. If you choose this form of borrowing money, typically called a doorstep loan or home credit, a representative from the lender will visit your house to complete an application, work out how much you can afford to borrow and, if the loan is approved, collect repayments at a time which suits you.

How to apply for a doorstep loan

In many cases, the first step to getting a doorstep loan is to make an application, either online or over the phone to get an agreement in principle. At this stage lenders may do a credit search, which will leave a footprint on your credit file.

If you are approved in principle, a company representative will come to your home to complete your application.

The lender may also ask you to complete an affordability assessment. This assessment is designed to check whether you can afford the repayments of the loan you need. 

How long does it take to get a cash loan?

Depending on your provider, the time it takes to complete a home credit cash loan application can vary greatly. If accepted, some lenders may be able to get the cash to you the same day. With other lenders it may take a few days.  

How much will a cash loan cost?

The cost of your loan will depend on how much you borrow and length of the repayment term.  Some lenders may charge additional fees such as a broker fee or a transmission fee. You may also be charged a fee if you are late or miss a payment. Missing or making a late payment could be recorded on your credit file which may affect your ability to get credit in the future.

 

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