Doorstep loans to get cash delivered at your home for urgent needs

Receiving funds at your doorstep when needed is a convenient option. Due to having no bank account or a low income, it becomes difficult to cover even the basic expenses. Home collection or doorstep loans in Ireland are designed to help you in such circumstances.

Over time, alternative direct lending options have made borrowing more accessible. Gobigbucks offers short-term loans in Ireland and is known for offering affordable deals. Unlike banks or traditional lenders, we don't have a lengthy loan procedure.

You can borrow funds without a guarantor or collateral, provided you have the ability to repay. Your creditworthiness will be measured using your current income sources. Use a free loan calculator without worrying about a search footprint, as it offers doorstep loans with no credit check and a credit assessment tool.

Do not let a financial crisis disrupt your financial peace. Borrow money as per your repayment ability, pay for your expenses and repay on time. For your convenience, all loan deals are customised to make instalments pocket-friendly.

Synonyms for doorstep loans

What are doorstep loans?

The doorstep loans are a specialised home credit service offered by lenders. It facilitates receiving funds at home without any lengthy loan process. In direct lending loans, the application process is partially online and partially offline. Without obligation, the complete process becomes effortless compared to expensive provident doorstep loans in Ireland, which are available online.

How do doorstep cash loans work?

The loans with home service work through a simple process that is easy to follow for all borrowers. Follow the steps below, and your money will arrive at your door.

  • Apply online – Submit a quick-to-fill online application form. It should include proof of your income for the last six months and address proof.
  • Receive an approval decision – Right after you apply, you'll get an instant approval decision. Due to our high approval rate, you can expect a 'Yes'.
  • Get funds at home – After approval, our loan agent visits your place with cash and a loan agreement. Sign the agreement to get money.
  • Repay from your home – As per the loan agreement, the loan agent collects repayment in cash from your home.

The process is the same whether you apply for the doorstep loans in Dublin, Waterford, Cork, Kilkenny or anywhere else. For all locations, the primary aim is to make borrowing hassle-free.

What are the benefits of using doorstep loans?

With the following advantages, you can immediately make up your mind about home collection loans.

  • Immediate cash in hand delivery – Get urgent doorstep loans with a quick approval decision, timely delivery of cash, and all that you need. Money has its value only when you get it at the right moment.
  • No need to visit the bank – Home collection loan beneficiaries include those with no bank account. The entire loan process involves a combination of online and in-person steps, including a home visit. Hence, no need to worry about having or not having an official bank account.
  • Minimal paperwork – From application to approval, the loan process is digital. After approval, the loan agreement acceptance and cash delivery at home require paperwork. Hence, there is no burden of bulky documentation.
  • Perfect for fund seekers with limited mobility – If you are an elderly person, a resident of a remote area, or have a disability, there's no need to leave your plan. Funds at your door are going to be right there wherever you are.
  • Personalised service – Every borrower has different financial circumstances. Hence, there is no need to worry about high or stringent interest rates or repayment plans. You get a deal that you can afford to repay.
  • Flexible repayments – Yes, you can choose to pay weekly, bi-weekly or monthly. Based on your creditworthiness, we can design a customised repayment schedule. In fact, if you face any financial issues, we can even adjust the schedule to ensure timely payments.
  • Manage unexpected expenses – Medical conditions, home or car repair needs, and other unexpected expenses are common. But doorstep loans send you money at the right time to manage such costs.
  • No collateral required – No fear of losing your asset due to missed or delayed repayments, as the loans are not secured. Hence, no need to present an asset as collateral. This is why people choose direct doorstep loan lenders.

Risks of doorstep loans: What to watch out for?

Responsible lending is all about helping borrowers make rational decisions. Hence, you should also be aware of the risks and challenges associated with urgent doorstep loans.

  • Usually, weekly repayments are available – cash at the doorstep often comes with weekly repayment plans. However, bi-weekly and monthly repayment options are available, but you need a strong repayment ability to take advantage of them.
  • Debt cycle – Not paying on time or skipping instalments makes paying back the borrowed money complicated due to accumulated interest. This creates a debt cycle that can be difficult to break with your limited earnings.
  • Privacy concerns – Not every time you are ready to receive a visit from a loan agent. However, due to the set repayment dates, you will need to arrange for this while ensuring you are present at home. Otherwise, it can be counted as a late payment.
  • Limited borrowing amount – As the loan amount in doorstep loans is usually small, you may not be able to pay for all your financial needs. Additionally, loans designed for borrowers with high-risk credit profiles have a borrowing limit that is typically not large.
  • Late payment penalty – Pay late and you will incur a penalty as well. This is the lending rule followed in the industry and can't be skipped. To encourage timely payments, late repayment charges will be applied.

How much does a doorstep loan cost?

Doorstep loans have high interest rates, considering the beneficiaries are usually high-risk. Knowing the cost will help you work more effectively on a repayment budget. However, customisation helps a lot in getting an affordable deal.

Representative APR Rate of interest Amount Term Total repayable
187.2% APR 60.0% p.a. fixed €500 26 weeks €650

Formula to calculate the cost –

Monthly Instalment= P x r x (1 + r)n

------------------------------------

(1 +r) n - 1

Instalments = Repayment per period

P = principal (amount borrowed)

r = interest rate per period (APR ÷ number of periods)

n = total number of repayment periods

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Can I get a doorstep loan with bad credit?

Yes, if you choose to take doorstep loans in Ireland from a direct lender, it is possible. The new lending procedures allow anyone, regardless of their credit score, to borrow funds. Follow the steps below to get approval with a poor credit rating.

  • Know the actual cost – Borrowing funds with bad credit demands attention to the cost part. This is due to higher interest rates being available for borrowers with poor credit. Hence, be aware of interest rates, administrative charges, late payment penalties, and all other relevant costs.
  • Check your credit report – A poor credit situation may result in rejection if your credit report contains errors. Wrong address, paid bill shows as pending, etc. Therefore, check it before applying and get all inaccuracies rectified.
  • Calculate your repayment ability – Use loan calculators and know how much you can afford to repay. That helps decide what amount you should actually apply for. It becomes even more critical when applying for doorstep loans on benefits.
  • Clarify the repayment plan – Ask about the total repayment and confirm if the instalment schedule is flexible or not. Also, ask about early repayment charges if applicable. However, with us, you do not need to worry about such expenses.
  • Ask about hidden charges – Hidden costs are the most frightening factors for borrowers. Likewise, you likely share the same concerns. Terms and conditions are always clearly mentioned in the agreement. But you can always ask.

What are your rights as a borrower?

You should not only know how to borrow funds, but also understand the application process. Especially, to avoid expensive doorstep loans like Provident in Ireland, know your rights as a consumer. We always help people make informed decisions.

  • Information before borrowing
  • Transparent advertising
  • Cooling-off period of 10 to 14 days
  • Home visits and collections
  • No unreasonable contact
  • No hidden charges
  • No extra charges for collection

Gobigbucks is dedicated to providing you with the best and most affordable loan offers. We keep you first, removing all the stringent lending policies. You can borrow money as per your repayment ability. A high approval rate of 99% is something that keeps our borrowers quite hopeful about the acceptance of their loan application. We are your answer if you are looking for doorstep loans near me. It is your turn now to experience mental and financial peace while borrowing funds in the comfort of your home.

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FAQs

Are there any fees for doorstep loans?

Can I cancel a doorstep loan after I’ve agreed to it?

What is the maximum amount I can borrow with a doorstep loan?

Who can apply for a doorstep loan in Ireland?