Loans are funded every hour between 9am and 10pm, seven days per week. If you are authorized after 10pm your loan will likely be funded at 9am the next day.
Exactly how much may I make an application for? Am I going to be credit examined whenever I use?
Clients can use to borrow as much as ВЈ4000 straight through our web site.
As a lender that is responsible always be certain you meet our financing criteria, and conduct credit and affordability checks for every single loan.
Yes – every application we get is credit examined. As a lender that is responsible constantly be sure you meet our financing requirements and conduct credit and affordability checks for every loan. Simply and that means you know, the credit check is only going to be visible on your own credit report to other loan providers you and you accept it if we make an offer to.
May I determine if i am approved with out a credit search?
No вЂ“ because weвЂ™re a responsible loan provider, a credit search is important to enable us to produce a choice on your own application. Our initial search will undoubtedly be aвЂ™ that isвЂsoft, this implies it is visually noticeable to you yet not other loan providers and organisations. When we make an offer to you personally and you accept this, we shall carry a credit application search out and also this would be noticeable on the credit history with other loan providers. All applications are susceptible to a credit check and affordability assessment.
Am I qualified to receive a Dot Dot Loan? Can I have to send in virtually any paperwork?
Eligibility is determined by your individual circumstances, but to use you should be:
Over 18 years old (over 21 for long-term loans)
To perform the job, you will require:
Valid email address and mobile number
Residence target details
Bank debit and account card details
In certain full situations we might ask you for additional supporting papers.
Why should you confirm my earnings? I’ve a bad credit history, am I able to get that loan?
Because we are a lender that is responsible we constantly verify your revenue and spending to aid make sure any loan offer is affordable.
We make our decisions for situation by situation basis. We do not expect individuals to have perfect credit rating and we just take different requirements under consideration when contemplating a software to make financing choice.
What goes on if my application is declined? Can a loan is got by me if i actually do maybe maybe maybe not have my very own house?
What this means is at this juncture we have been struggling to give you financing, as the application would not fulfill our financing requirements. Should your circumstances alter, you are welcome to re-apply after thirty days.
You don’t have to be house owner to have a loan from Dot Dot. We conduct credit checks and avant loans approved bring your earnings and spending under consideration and base our choice with this.
What is the essential difference between a direct loan provider and a brokerage?
Dot Dot Loans is an immediate loan provider вЂ“ what this means is that one can use straight to us and, if authorized, we are going to deliver the funds directly to your money. As opposed to provide you the cash on their own, a brokerage passes your information on to third parties who might be able to give you that loan that fits your needs.
Why have actually we been expected to outline supporting documents?
Often we truly need additional papers to simply help us to create our financing choices. for instance, we might require some more information to help your reported earnings and spending or may need one to deliver us evidence of your ID. We constantly attempt to keep these demands to the very least.
exactly What do I do if I do not get my loan?
Contact us on 0333 240 6215 and now we’ll have a look at the presssing problem for you personally.
I will be a current client , may I submit an application for another loan?
As a current client, you are qualified to remove an innovative new loan with us after you have repaid your existing one. It is not a warranty, nonetheless, and just how much you may well be in a position to borrow being a current client depends in your specific circumstances. To use for a loan that is new just log on to the Dot Dot client portal to begin the job. When you yourself havenвЂ™t yet registered when it comes to Dot Dot consumer portal, it is possible to register right here.
What exactly is Open Banking?
Open Banking is a easy and way that is secure provide us with use of your economic information through username and passwords Service Providers (AISPs). Open Banking and AISPs are managed by the Financial Conduct Authority (FCA) and must stay glued to data security legislation.
How come Dot Dot Loans utilize Open Banking?
We utilize information provided through Open Banking as an element of our credit and affordability checks, making sure that we could make financing decisions on applications for example of y our loans that are long-term18 to 48 months). The solution we request you to consent to whenever trying to get a long-lasting loan we can see the info that seems on your own bank statements and it is a paper-free method of sharing your earnings and spending information with us in order for we are able to completely and fairly assess whether you really can afford to simply just take away a loan. It eliminates the necessity for you to definitely deliver bank statements, payslips or any other earnings and expenditure-related information to us. You will have to consent to this solution in order to accomplish the application as well as us in order in order to make a financing choice.