How many forms do I have to fill in to get a doorstep loan?
Every loan company will differ, but with Provident you only really have one form to fill in yourself as part of the application.
Of course, we can’t speak for all lenders. But, generally, when it comes to our loans the borrower doesn’t have a great deal of forms to fill in. This is partly because these types of loan are meant to be a short term option and also because at Provident, the Agent who delivers your loan and collects your repayments also completes an Affordability Assessment. This happens in your home when they come round for their first visit. This is done so they can understand you and your individual circumstances.
How it works with Provident
With us, customers will generally find they only fill in two pieces of paperwork: the customer details form (and it’s all online so there’s not even any paper involved). This acts as your application. If accepted in principle, an Agent will come to your home to complete an Affordability Assessment. Assuming you can afford the loan amount you requested, you then sign the credit agreement – the second piece of paperwork.
If you decide to apply for another loan, your Agent will carry out a new Affordability Assessment and ask you to confirm your contact details. You then sign a new agreement – that’s it!
The only time you put pen to paper is when you sign the credit agreement at the end after you’ve checked everything over and discussed any questions or concerns you may have.
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