Welcome to Lincoln Loans London
Are you looking for a competitively priced doorstep loan? If you do, you came to the right place. Recognizing the need for accessible and convenient unsecured personal loans for people around London area, Lincoln Loans London was established to assist and steer borrowers to the most affordable doorstep loans available in the market. If you've ever been rejected for a personal loan because of bad credit, applying for a doorstep loan is one quick and easy alternative to take care of your financial woes.
What We Do
Lincoln Loans London specializes in providing free quotes for doorstep loans. Our focus is to cater and serve borrowers around London area particularly those who are struggling to get approved for a personal loan from banks and mainstream lenders because of bad credit or poor credit score problems. What we do is connect with top lenders in the UK especially those with bases in London so we can connect borrowers with the right lender for their needs. We also work hand in hand with top comparison sites including Uswitch at http://www.uswitch.com/loans/cheapest-loans-uk/ for comparisons of the cheapest loans in the UK.
Considered as a top comparison site for doorstep loans, Lincoln Loans London prides itself with a solid track record. Since the website was established, we've helped numerous borrowers found their way to the most affordable deals in the market.
About Doorstep Loans
Doorstep loans, as implied by its name, are short-term unsecured personal loans offered to people with bad credit right at your doorstep. Instead of going directly to banks or a lender's office, doorstep loan providers send out an agent or representative to process the application for you. To avail of the loan, there's no need to leave the comforts of home making the financial one of the most convenient forms of lending in London today.
Like other unsecured personal loans such as payday loans, doorstep loans are generally available in small sums starting from £50 up to £1,000. The loan is payable in a few weeks at representative APRs ranging from 400% to 1,500% or more depending on your lender. Repayments are made either weekly or monthly which is collected by the agent or representative from your home.
Advantages of Doorstep Loans
While doorstep loans come with steep and excessive interest rates, the financial product continues to draw attention because of several advantages which include the following:
Doorstep loans promise fast and easy application. By nature and design, the financial product is made exactly to offer convenience for borrowers. All you need to do is schedule an agent visit and the rest is accomplished for you.
Because the loan is designed for people with bad credit, borrowers are not credit checked. This means good news for borrowers who haven't had any luck with personal loans from banks. No matter how bad your credit score is, you can still avail a small sum of funding through doorstep loans.
When it comes to repaying the loan, doorstep loan lenders send out an agent to collect the payment either weekly or monthly depending on the set-up. This means further convenience for borrowers. Rather than go to your lender's office yourself to pay the loan, you can stay at home and wait for it to be collected. This set-up also helps avoid missing or delaying with your loan payments.
Another wonderful thing about doorstep loans is the simple and straightforward eligibility criteria. To be eligible for a doorstep loan, you must be of legal age (18 years old or older) and a resident of UK. You can be a homeowner or tenant and part-time or fully-employed. As long as you can provide proof of steady income, you are most likely to get approved for a small doorstep loan. The trick is to ensure that you can provide proof of your capability to repay the loan by end of term.
Since there is no asset or security needed to get approved for the loan, processing is often completed within the same day of application. Provided that your requirements are ready beforehand, you should get approved right away and also receive the money immediately.
Avail Affordable Doorstep Loans
Because lenders are taking more risks with doorstep loans, expect interest rates to be steep. As mentioned above, representative APR may be as high as 1,500%. But that doesn’t mean you can’t find cheaper or less costly deals than that. To find the right deals that you can afford, one of the first things you should do is avail of free quote services. For quick, easy and convenient doorstep loan quote, look no further than Lincoln Loans London,
At Lincoln Loans London, we strive to give you only the most competitive deals on doorstep loans. Simply get in touch with us or fill out our online form. We will compute your weekly or monthly repayment due according to your desired loan amount and term.Click here for more tips and guidelines about personal loans.