Loans are funded every hour between 9am and 10pm, seven days per week. If you are authorized after 10pm your loan should be funded at 9am the overnight.
Simply how much can I submit an application for? Can I be credit examined once I use?
Customers can use to borrow as much as ВЈ4000 straight through our internet site.
Being a lender that is responsible constantly be sure you meet our financing requirements, and conduct credit and affordability checks for every loan.
Yes – every application we get is credit examined. Being 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 will simply be noticeable in your credit report to other loan providers when we make an offer for you and also you accept it.
Could I determine if i have been 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 your own application. Our initial search would be a вЂsoftвЂ™ one, this implies it’s going to be visually noticeable to you however other loan providers and organisations. Whenever we make an offer for you and you accept this, we’re going to carry a credit application search out and also this will soon be noticeable on your own credit history to other loan providers. All applications are susceptible to a credit check and affordability evaluation.
Am I entitled to a Dot Dot Loan? Can I need certainly to send in almost any paperwork?
Eligibility is determined by your individual circumstances, but to put on you should be:
Over 18 years (over 21 for long-lasting loans)
To accomplish the application, you will require:
Valid email and mobile quantity
Home target details
Bank debit and account card details
In certain full situations we might ask you for additional supporting papers.
Why must you validate my income? I’ve a credit that is bad, am I able to get that loan?
Because we are a accountable loan provider, we constantly verify your revenue and spending to assist make sure any loan offer is affordable.
We make our choices for situation by situation foundation. We do not expect individuals to have perfect credit score so we simply just take different requirements under consideration when contemplating a credit card applicatoin in purchase to produce financing choice.
What goes on if my application is declined? Can a loan is got by me if i really do maybe perhaps not obtain my personal house?
What this means is at this juncture we have been not able to provide you with that loan, as the application failed to fulfill our financing requirements. In case your circumstances alter, you’re welcome to re-apply after thirty days.
You should not be house owner to obtain that loan from Dot Dot. We conduct credit checks and bring your earnings and spending under consideration and base our choice with this.
What exactly is the essential difference between a direct loan provider and an agent?
Dot Dot Loans is an immediate loan provider вЂ“ this implies that you could use straight to us and, if authorized, we will send the funds right to your money. As opposed to provide you the funds on their own, a brokerage passes your information on to 3rd events who might be able to provide you with that loan that fits your needs.
Why have actually we been expected to submit supporting papers?
Often we want additional papers to simply help us which will make our financing decisions. As an example, we possibly may require some information that is further help your reported earnings and spending or could need one to send us proof your ID. We constantly make an effort to keep these needs to the absolute minimum.
just What do I 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 will be a customer that is existing could I make an application for another loan?
As a preexisting client, you might be qualified to remove a brand new loan with us once you’ve paid back your existing one. This is simply not an assurance, but, and just how much you may well be able to borrow as a customer that is existing in your specific circumstances. To try to get a loan that is new just log on to the Dot Dot client portal to start out the job. When you yourself havenвЂ™t yet registered for the Dot Dot consumer portal, you’ll register right here.
What’s Open Banking?
Open Banking is really a easy and way that is secure provide us with use of your economic information through Account Information Service Providers (AISPs). Open Banking and AISPs are managed by the Financial Conduct Authority (FCA) and must abide by data security legislation.
How come Dot Dot Loans utilize Open Banking?
We utilize information provided through Open Banking included in our credit and affordability checks, making sure that we could make financing decisions on applications for starters of y our loans that are long-term18 to 48 months). The solution we request you to accept whenever obtaining a long-term loan permits us to see the details that seems on your own bank statements and it is a paper-free method of sharing your earnings and expenditure information with us to ensure we could completely and fairly assess whether you are able to afford to just simply take a loan out. In addition it removes the necessity for you to definitely deliver bank statements, payslips or other earnings and information that is expenditure-related us. It is important to consent to this solution to be able to accomplish the job and for us in order to produce a financing choice.