Doordash is a delivery company that connects its drivers to the customers for delivery of the food and other items. As a driver, you have to accept and deliver the orders. Doordash works simply whenever a person places any kind of order at a restaurant or a cafe, then the Doordash drivers accept that order and deliver it to the assigned address. Doordash offers its employees, flexible hours to work so that, they can do multiple jobs as well to earn their livelihood. Let us know more detail about ‘DoorDash Driver Loans’.
DoorDash Driver Loans
Doordash will offer loans as well to its drivers so that they don’t have to search for other jobs or don’t have to work part-time. They offer loans on a very simple credit check. Giving loans to doordash drivers also supports their business. As the driver will work full-time they are and provide their services utmost. During the work, drivers have to undergo lots of costs, which if a driver will pay then it will be a loss for him. If a person wants to work with Doordash, then it requires the investment of a vehicle. As the income of the workers of Doordash may fluctuate, they understand and provides loan on a very small credit check.
If a driver wants a loan from Doordash, then he don’t have to worry, it is a simple process which can be done through the internet also. These loans are specially designed for Doordash drivers and these loans are of three types:
- Payday loans
- Instalment loans
- Car title loan
Firstly, we talk about these types of loans and then further discuss the process for applying for a loan:
1. Payday loan
It is a type of short-term loan. If, a person don’t have a good credit check but wants cash immediately for any reason. Then payday loans will be best. This type of loan is easy to obtain. It’s beneficial for those who don’t have any income proof. It is due on the borrower’s next pay period. Several lenders, lend only to the Doordash drivers.
Payday loans provide flexible payments to the drivers.
2. Instalment loans
It is a type of long-term loan which provides you with the facility to use the money for 1 or 2 years according to the contract. It provides you a large sum of money, with monthly and fixed interest rate instalments.
Instalment loans allow you to borrow the amount of money at any time, but this requires a good credit score. It lends you a large sum of money for a long period.
They provide loans according to your credit score, if it will be good then you will get a loan of $4000 to $10000. It also allows the drivers to pay monthly instalments with their steady income.
As the Instalment loans are more beneficial, Doordash drivers will majorly opt for this one.
3. Car Title loan
The last one is a Car Title loan, as the name suggests it includes the title of the Car.
According to this loan, if a driver wants a loan, then he had to deposit something as collateral. If the borrower will unable to repay the loan, then he has to bear the consequences. The lender will borrow 50% to 75% of the vehicle value as the repayment if the driver will unable to pay.
It is the most popular type of loan among the Doordash drivers. But it also requires a good credit score and income proof. It is the most suitable type of loan, as they get money at that time itself. Drivers like this kind of loan because it does not include any hidden charges and, it’s very simple to apply.
How to apply for the loan?
It’s very easy to apply for a loan within the minutes. You don’t need so many documents only a few can work. It becomes very much easy through the online process. Follow the steps further:
- You need your driving license and income proof of the last month.
- Now, fil out the application form online and attach your documents with.
- Add bank account details as well.
- As soon as you get the approval within 24 to 48 hours, you will get your loan amount in your hands.
If you want any other simple way to apply for a loan. Then contact customer care at 855-973-1040, or you can visit any nearest office branch.
Conclusion
Now we have learnt ‘DoorDash Driver Loans’, Doordash provides the best service to its customers and always be on time. They only provides loans to their drivers. Doordash loans are safe and secure with a minimum rate of interest, providing its drivers with all the benefits.
It is the best option for a driver to borrow a loan from the same company where they work, it helps their credit score also and they don’t have to stress about the money. Doordash drivers can also do part-time jobs for their earnings. You don’t have to rush more contact Doordash or any lender, and inform them what kind of loan you want to take. Fill up the form and complete all formalities. Once it gets scrutinized, your loan application will be successfully approved.
Frequently Asked Questions
- Does doordash provide loans only to its drivers?
Yes, Doordash provides loans only to its employees so that they don’t have to take a loan from outside with a high-interest rate.
- Does Doordash allow its employees to work part-time?
Yes, Doordash allows its employees to perform part-time and with the same they can do other jobs as well.
- Which type of loan is best for Doordash drivers?
If you have a good credit score and stable income, then opt for a Car Title loan and if your credit score is not that good then, go for Payday loans.
