Street UK is the cheaper alternative to doorstep lenders.

Doorstep lenders have a long history of working in the UK and many other countries. As their name suggest they come to your door to offer loans often in the form of cash loans and the repayment happens in the same way. In this page, we would like to explain why you think twice before taking out a doorstep loan

Doorstep lenders explained.

Most doorstep lenders are commercial companies whose objective is to provide maximum returns for their shareholders. This means they are run by people who often are concerned with their profit margin and shareholders investments which for the customers means paying a higher interest rate.

Doorstep companies usually have a local agent who will visit the customer to process applications and where a loan is approved provide them with a cash loan. Loan repayments are collected, usually on a weekly basis from your doorstep.

Customers who typically tend to user doorstep lenders are either on low income or benefits or may have poor credit and accustomed to managing their day to day finance via cash.

The interest rates charged by doorstep lenders can be upwards of 433% APR which is quite expensive if you are on low income or benefits.

How is Street UK cheaper?

Street UK is a Social Enterprise that provides access to affordable credit to individuals who have difficulty in getting credit from Banks and may use alternative High Cost sources such as Doorstep lenders.

As a Social Enterprise we do not have any shareholders and our interest and fees are only designed to cover the costs of providing our services.

Our personal loans are available from £200 to £1,000 payable over 1 year on a payment plan that suits your income, so you can pay weekly, fortnightly, four-weekly or monthly.

Our loan application process is quick and simple, and once you’re approved for a loan we’ll transfer funds into your account and collect loan repayments via Direct Debit from your bank account. If you do not have a current bank account than Street UK may be able to help you to open one.

Below is a simple comparison between Street UK and a couple of doorstep lenders for both a short and longer term loan.

Company Loan amount Term APR Weekly repayment Total Cost of Credit payable
Street UK £500 52 Weeks 180% £14.78 £793.56
Morses Club £500 52 Weeks 342.94% £18.75 £975


Over 52 weeks that’s a saving of £142!


Company Loan amount Term APR Weekly repayment Total Cost of Credit payable
Street UK £500 33 Weeks 180% £19.79 £678.07
Loans at Home £500 33 Weeks 433.4% £25 £825


Over 33 weeks that’s a saving of £146!

Our Service

Stop the knock!

We don’t knock on your door, instead you can either complete our online application or book an appointment at one of our local branches.

You are more than a credit score to us. We take into consideration your situation and understand that sometimes you need to put your trust in the customer. We offer loans that are designed for people with poor credit or those whom are on benefits. We believe in creating and maintaining the relationship with the customer.

Our friendly staff will help you to complete your loan application. At Street UK we make responsible lending decisions to make sure we only lend to individuals who can afford a loan and by providing credit we are not over-indebting an individual.

Once your loan is approved we’ll transfer money into your bank account and start collecting repayments on an agreed date.

We have branches in six different locations across the west midlands.

Our branches are located in Birmingham, Northfield, Walsall, Wolverhampton, Coventry and West Bromwich. Our friendly staff will help you with budgeting advice, opening a bank account and show you the way to sort out any previous outstanding debt, all to help improve your financial health and wellbeing.

So if you need an affordable loan then get in touch with us and we’ll try to help.