Loans are funded every hour, 7 days a week. If you should be authorized after 10pm your loan may be funded at 9am the following day.
Just how much could I make an application for?
Clients can put on to borrow as much as ВЈ4000 straight through our internet site.
As a responsible loan provider we constantly be sure you meet our financing requirements, and conduct credit and affordability checks for every loan.
Am I going to be credit checked whenever I use?
Yes – every application we get is credit examined. Being a accountable loan provider we always be certain you meet our lending criteria and conduct credit and affordability checks for every single loan. Simply so that you know, the credit check is only going to be noticeable on the credit report with other loan providers whenever we make an offer for you and also you accept it.
Could I determine if i am authorized with no credit search?
No – because we’re a responsible loan provider, a credit search is essential to enable us in order to make a choice in your application. Our initial search are going to be a вЂsoft’ one, this implies it’s going to be visually noticeable to you yet not other loan providers and organisations. Whenever we make an offer to you personally and you accept this, we’re going to perform a credit application search and also this should be noticeable on the credit report with other loan providers. All applications are susceptible to a credit check and affordability evaluation.
Am I entitled to a Dot Dot Loan?
Eligibility is determined by your individual circumstances, but to put on you should be:
Over 18 years old (over 21 for long-term loans)
To accomplish the job, you will also require:
Valid email and number that is mobile
Residence target details
Banking account and debit card details
Will I need certainly to send in almost any paperwork?
In some instances we might ask you for additional supporting papers.
Why must you confirm my earnings?
Because we are an accountable loan provider, we constantly verify your revenue and spending to aid make sure any loan offer is affordable.
We have a bad credit rating, may I get that loan?
We make our choices on an instance by situation foundation. We do not expect individuals to have a fantastic credit rating therefore we simply simply take different requirements into consideration when it comes to a software in purchase in order to make lending decision.
What goes on if my application is declined?
What this means is at this juncture we’ve been not able to give you that loan, as your application failed to meet our financing requirements. In the event your circumstances alter, you are welcome to re-apply after 1 month.
Am I able to get that loan if i actually do maybe perhaps not obtain my very own home?
You don’t have to be a house owner to obtain that loan from Dot Dot. We conduct credit checks and just take your earnings and spending under consideration and base our choice about this.
What is the essential difference between a direct loan provider and an agent?
Dot Dot Loans is an immediate loan provider – this means it is possible to use straight to us and, if authorized, we are going to deliver the funds right to your money. Rather than provide you the amount of money by themselves, 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 documents?
Often we truly need extra papers to assist us to create our financing choices. For instance, we possibly may require some more info to guide your reported earnings and spending or could need one to send us evidence of your ID. We constantly make an effort to keep these demands to the absolute minimum.
just What do i actually do if I do not get my loan?
Call us and now we’ll have a look at the problem for you personally.
I will be a current client , am I able to make an application for another loan?
As a preexisting consumer, you may well be entitled to sign up for a unique loan with us once you’ve paid back your existing one. This isn’t a warranty, nonetheless, and just how much perhaps you are in a position to borrow as a current client relies on your own circumstances. To try to get a brand new loan, merely log on to the Dot Dot consumer portal to begin the job. When you yourself haven’t yet registered when it comes to Dot Dot consumer portal, it is possible to register right right here.
What exactly is Open Banking?
Open Banking is a straightforward and safe solution to provide us with use of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are regulated because of 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 as an element of our credit and affordability checks, to make certain that we are able to make financing decisions on applications for starters of your long-lasting loans (18 to 48 months). The solution we request you to consent to whenever trying to get a long-lasting loan we can see the details that seems in your 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 obtain a loan. Moreover it eliminates the necessity for you to definitely deliver bank statements, payslips or any other earnings and expenditure-related information to us. It is important http://fastcashcartitleloans.com/payday-loans-wa/ to accept this solution in order to perform the application as well as for us to help you which will make a financing choice.