Loans are funded every hour between 9am and 10pm, seven days per week. If you should be authorized after 10pm your loan are going to be funded at 9am the following day.
Clients can use to borrow as much as ВЈ4000 straight through our internet site.
Being a accountable loan provider we 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. As a responsible lender we constantly be sure you meet our lending requirements and conduct credit and affordability checks for every single loan. Simply and that means you know, the credit check will only be visible on your own credit report to other loan providers whenever we make an offer to you personally and also you accept it.
Am I able to determine if i am authorized without having a credit search?
No вЂ“ because weвЂ™re a responsible loan provider, a credit search is important to help us in order to make a determination on the application. Our initial search would be a вЂsoftвЂ™ one, this implies it’ll be noticeable to you yet not other loan providers and organisations. Whenever we make an offer to you personally and you accept this, we’ll carry a credit application search out and also this will likely be noticeable on the credit history to other loan providers. All applications are at the mercy of a credit affordability and check evaluation.
Am I entitled to a Dot Dot Loan? Will we have to send in every paperwork?
Eligibility is determined by your circumstances that are personal but to utilize you have to be:
Over 18 years old (over 21 for long-lasting loans)
To perform the application, you will require:
Valid email and number that is mobile
Residence target details
Bank account and debit card details
In certain full situations we possibly may ask you for additional supporting papers.
Why do you need to confirm my earnings? I’ve a credit that is bad, could I get financing?
Because we are a accountable loan provider, we constantly verify your revenue and spending to assist guarantee any loan offer is affordable.
We make our choices on instance by situation basis. We do not expect visitors to have credit that is perfect so we just take different requirements into consideration when contemplating a software in order to create financing choice.
What the results are if my application is declined? Can I have a loan if i actually do perhaps perhaps not acquire my very own house?
This implies at this juncture we have been struggling to provide you with that loan, as the application failed to satisfy our financing requirements. In case your circumstances alter, you are welcome to re-apply after thirty days.
You should not be considered a true house owner getting a loan from Dot Dot. We conduct credit checks and bring your income and spending into consideration and base our choice with this.
What is the essential difference between a direct loan provider and a broker?
Dot Dot Loans is an immediate lender вЂ“ what this means is that one can use straight to us and, if authorized, we will send the funds right to your money. As opposed to lend you the cash by themselves, a brokerage passes your information on to third events who might be able to provide you with that loan that fits your needs.
Why have actually we been expected to outline supporting papers?
Sometimes we require additional papers to greatly help us in order to make our financing choices. As an example, we might require some information that is further help your reported earnings and spending or could need one to deliver us evidence of your ID. We constantly you will need to keep these needs to at least.
exactly What do i really do if I do not get my loan?
Call us on 0333 240 6215 and then we’ll have a look at the problem for you personally.
I will be a customer that is existing may I submit an application for another loan?
As a preexisting client, you may well be qualified to sign up for a brand new loan with us once you’ve paid back your existing one. This is simply not an assurance, nevertheless, and simply how much you may well be in a position to borrow as a current customer depends on your own specific circumstances. To utilize for a brand new loan, merely get on the Dot Dot consumer portal to start out the job. When you havenвЂ™t yet registered for the Dot Dot client portal, it is possible to register right here.
What’s Open Banking?
Open Banking is a straightforward and way that is secure provide us with use of your monetary 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, to ensure we could make financing decisions on applications for starters of our loans that are long-term18 to 48 months). The solution we request you to consent to whenever obtaining a long-lasting loan permits us to see the data that seems on your own bank statements and it is a paper-free means of sharing your revenue and spending information with us in order for we could completely and fairly assess whether you’ll pay for to just take a loan out. Additionally eliminates 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 ongoing solution in order to finish the job as well as for us in order to help make a financing choice.