Loans are funded every hour between 9am and 10pm, seven days per week. If you are authorized after 10pm your loan would be funded at 9am the following day.
Just how much could I make an application for? Can I be credit examined whenever I apply?
Clients can use to borrow as much as ВЈ4000 straight through our internet site.
As a lender that is responsible always be certain you meet our financing requirements, and conduct credit and affordability checks for every loan.
Yes – every application we get is credit checked. Being a lender that is responsible always be certain you meet our financing requirements and conduct credit and affordability checks for every single loan. Simply and that means you know, the credit check will simply be noticeable on your own credit history to other loan providers you and you accept it if we make an offer to.
Could I determine if i am authorized with no credit search?
No вЂ“ because weвЂ™re a responsible loan provider, a credit search is important to help us to create a choice on the application. Our initial search will likely be aвЂ™ that isвЂsoft, this implies it should be noticeable to you not other loan providers and organisations. Whenever we make an offer for you and you accept this, we are going to carry away a credit application search and also this will undoubtedly be noticeable on your own credit history with other loan providers. All applications are at the mercy of a credit affordability and check evaluation.
Am I qualified to receive a Dot Dot Loan? Will we have to send in virtually any paperwork?
Eligibility depends on your individual circumstances, but to use you have to be:
Over 18 years old (over 21 for long-lasting loans)
To perform the application, you will also require:
Valid email and number that is mobile
Residence target details
Bank account and debit card details
In a few full instances we possibly may ask you for additional supporting papers.
Why should you validate my earnings? I’ve a bad credit rating, could I get that loan?
Because we are a accountable loan provider, we constantly verify your income and expenditure to greatly help guarantee any loan offer is affordable.
We make our choices for a full situation by situation basis. We do not expect visitors to have credit that is perfect so we just just just take different requirements into consideration when it comes to a credit card applicatoin in purchase to create financing choice.
What are the results if my application is declined? Can a loan is got by me if i really do not obtain my personal house?
What this means is at this juncture we have been struggling to give you that loan, as your application would not fulfill our lending requirements. In the event your circumstances alter, you are welcome to re-apply after 1 month.
You should not be described as a true house owner to have that loan from Dot Dot. We conduct credit checks and simply take your earnings and expenditure under consideration and base our choice with this.
What is the essential difference between a direct loan provider and an agent?
Dot Dot Loans is an immediate loan provider вЂ“ this implies us and, if approved, we’ll send the funds straight to your bank account that you can apply directly to. As opposed to provide you the income on their own, a brokerage passes your information on to third events who might be able to offer a loan that fits your needs.
Why have actually we been asked to submit supporting papers?
Often we truly need additional papers to simply help us to produce our financing choices. For instance, we might require some more information to help your stated earnings and expenditure or may need you to definitely send us evidence of your ID. We constantly you will need to keep these needs to the absolute minimum.
just exactly What do i really do if I do not get my loan?
Contact us on 0333 240 6215 so we’ll have a look at the problem for you personally.
I’m a customer that is existing may I make an application for another loan?
As a current client, maybe you are entitled to sign up for an innovative new loan you have repaid your existing one with us once. This isn’t a warranty, nonetheless, and exactly how much perhaps you are in a position to borrow as a current customer depends in your specific circumstances. To utilize for a loan that is new just get on the Dot Dot consumer portal to start out the job. You can register here if you havenвЂ™t yet registered for the Dot Dot customer portal.
What exactly is Open Banking?
Open Banking is a straightforward and protected method to provide us with usage 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 stick to data security legislation.
How come Dot Dot Loans utilize Open Banking?
We utilize information offered through Open Banking included in our credit and affordability checks, in order that we could make financing decisions on applications for just one of y our long-lasting loans (18 to 48 months). The solution we request you to consent to whenever trying to get a long-lasting loan permits us to see the data that appears on the bank statements and it is a paper-free means of sharing your earnings and spending information with us to make certain that we could completely and fairly assess whether you really can afford to simply just take away a loan. In addition it eliminates the necessity for one to deliver bank statements, payslips or any other earnings and expenditure-related information to us. It is important to consent to this solution in order to accomplish the application as well as for us in order to produce a financing choice.