Finding a loan for a proof of your home can be problematic, although ads appear both on the internet and at traditional ad points. Loan companies encourage you to use their services in a variety of ways, often by using slogans behind an unrealistic or unprofitable proposal.
After a thorough analysis of the non-banking market, it turns out that there are not many companies offering loan delivery to the client’s place of residence. It is worth knowing that loans with home services are mainly those with an installment repayment system.
What are the new home-based loans?
Loans delivered to home existed before they even went online. Currently, however, such offers are significantly different from those of previous years. New loans available on online loan services are more affordable and the rules for granting them are better understood. In general, these are installment loans. The meeting of the borrower and the lender’s representative takes place both to carry out the transaction, i.e. to verify the consumer, to sign the contract, to withdraw funds, and so that the borrower can conveniently repay the liability.
You do not need to make a transfer to pay off the loan.
It is worth knowing that home loans can be repaid directly to the hands of a loan company employee. Money obtained from a non-bank loan with home delivery can be used for any purpose. The loan amount depends on the individual situation of the borrower. The loan period is generally not longer than 48 months.
Under what conditions are home loans granted?
You can familiarize yourself with the terms and conditions of a loan company for consumers before your representative’s home visit. A loan ranking is necessary for analyzing loan parameters, and to learn the detailed policy of a non-bank institution in the field of borrowing money, you will need:
- information in the FAQ section , i.e. answers to frequently asked questions by consumers,
- explanations in small print at the bottom of the loan home page, especially a representative example for a loan offer,
- information form (often found next to the loan calculator),
- loan portal regulations ,
- detailed regulations of promotional offers, if any,
- loan agreement template ,
- individually asked questions about a home loan via the contact form or a telephone conversation with a consultant.
When applying for a loan, the consumer must show that he is able to repay the liability. The requirements are generally relatively small. Debtor databases are not always checked. For a positive decision, a solid guarantee in the form of a guarantor is often enough.
Who can benefit from a home ID loan?
Loan companies try to respond to the needs and expectations of consumers. With the offer, payday loans go mainly to young people who have a personal account.
On the other hand, loans that do not require the entire transaction via the Internet are a solution especially for:
- consumers who do not trust the online way of concluding a contract,
- people without a bank account,
- account holders seized by the bailiff (the money from the loan would be automatically seized),
- elderly people who do not find their place in online reality.
The formal conditions for granting a loan at the client’s home are quite similar for each lender. The loan can be granted:
- a person between 18 and 75 years old,
- based on a valid ID card,
- to a person showing the ability to pay the monthly installment.
It is only important that the borrower is not in the course of consumer bankruptcy proceedings. In some cases, the loan company may expect a document confirming your address. For this purpose, for example, you can provide a utility bill.
Why is it worth using the loan offer at the client’s home?
This type of loan has several disadvantages, but the advantages convince consumers. The advantage is primarily lower requirements for the customer. There are loan companies that offer loans at the client’s home without BIK . This means that they do not judge the consumer based on the credit history obtained from the Credit Information Bureau. It is possible to obtain a loan without the ability to secure it with a guarantor.
This way of financing can be used by people in difficulty who are looking for a solution to deal with previously unpaid liabilities. Another advantage is that non-bank home -based loans do not require a personal account. Not everyone has them. Not everyone wants to provide it when applying for a loan. You can ask a company employee during a direct conversation about the details of the offer. At home, it’s easier to think about what information is important.
What are the disadvantages of having a loan at the client’s home?
Opponents of loans and credit facilities will find minuses in each of these solutions. Not everyone is aware of the existence of a free online payday loan . Loans with access to the client’s home also have some disadvantages. Loan market specialists point to additional costs. After all, the transfer of cash directly to the customer’s hands is treated by loan companies as an additional service. Therefore, there is a fee that is imposed on the borrower. Ultimately, he can increase the cost of the loan at the client’s home by 20% on average.
The additional cost results from:
- delivering documents and cash to the address indicated by the borrower,
- company representative visits to collect the installment.
Standard online payday loan is cheaper because everything, both verification and repayment, is done online. Therefore, the lender does not bear the costs associated with hiring a field worker.
You should be vigilant when choosing an offer, because private loans with access to your home , i.e. those in which the lender is not a loan company and a private individual, are highly unprofitable. Busy, older, distrustful internet information technologies are a group of consumers for whom a solution such as a new home loan can be attractive.
How does the transaction work when applying for a loan at the client’s home?
The stages of applying for loans delivered directly to the customer’s hands may vary depending on the loan company’s policy. A home loan application can be submitted:
In case it becomes necessary to apply for a loan online, it looks like this:
Step 1 Selection of loan parameters that match the consumer in the loan calculator: amount, loan period.
Step 2. Ensuring the cost of the loan and assessing the financial possibilities to cover it.
Step 3. Going to the loan application, in which personal data and information informing the lender about the financial situation should be provided. It is worth preparing an ID card for this step, because this type of home ID loan does not require additional documents.
Step 4 Identity Verification. In this case, it is possible to use the confirmation of the data during the visit of the loan representative.
Step 5 Make an appointment for a loan company employee.
Step 6 A meeting on the loan, during which the consultant checks the person applying for the loan and asks to sign the documents. After completing the formalities, it is possible to transfer the loan at the client’s home in the form of direct cash delivery to the borrower.
The most important advantages of loans at the client’s home
Among the advantages of a loan at the customer’s home, first of all, it should be mentioned that it is a solution that is very convenient. In addition, it is a good option for those who do not want to provide their personal data in the online application. The loan at the client’s home will also appeal to those who do not have a bank account or those whose bank account was taken by a bailiff. Older people usually choose home loans because they prefer to sign contracts in a traditional way.
Another advantage of a home loan is that in this case the list of requirements for creditworthiness is much smaller. None of the current loan companies with a home loan service checks their clients at the Credit Information Bureau (BIK). Therefore, if we were not able to get payday pay due to our presence in BIK, it is worth trying to apply for a home loan.
What are the disadvantages of a home loan?
The first drawback is that a home loan is more expensive than quick online loans . This is due to the fact that the loan company must bear the costs associated with employing its representative who will come to our home and sign a contract with us. In some cases, representatives of loan companies also receive monthly installments from their clients. On the other hand, if we take an online loan, the whole process is usually automatic, and as a consequence the costs of the lender and the borrower are lower.
If we can apply for a loan via the internet, it is worth doing so. In this way we will save large amounts of money on the costs of this commitment. Many loan companies also offer their new clients their first online loan for free – then you should pay back as much as we borrowed. It is a very convenient and safe solution that is worth using today!