Loans are funded every hour between 9am and 10pm, seven days per week. If you are authorized after 10pm your loan will undoubtedly be funded at 9am the following day.
Just how much am I able to submit an application for? Can I be credit examined once I use?
Clients can use to borrow as much as ВЈ4000 straight through our internet site.
As a lender that is responsible constantly be sure you meet our lending requirements, and conduct credit and affordability checks for every single loan.
Yes – every application we get is credit checked. As a lender that is responsible constantly be sure you meet our financing requirements and conduct credit and affordability checks for every single loan. Simply so that you know, the credit check is only going to be noticeable in your credit history to other loan providers you and you accept it if we make an offer to.
Am I able to determine if i am authorized with no credit search?
No вЂ“ because weвЂ™re a responsible loan provider, a credit search is essential to enable us to produce a choice on the application. Our initial search is going to be a вЂsoftвЂ™ one, this implies it should be noticeable to you however other loan providers and organisations. When we make an offer for you and you accept this, we’re going to carry a credit application search out and also this will likely to be noticeable on your own credit report 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? Can I have to send in every paperwork?
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 can also require:
Valid email and mobile quantity
Residence target details
Bank debit and account card details
In certain cases we might ask you to answer for additional supporting papers.
Why must you confirm my income? We have a credit that is bad, am I able to get that loan?
Because we are a responsible loan provider, we constantly verify your revenue and expenditure to aid make sure any loan offer is affordable.
We make our decisions on situation by instance basis. We do not expect visitors to have perfect credit score therefore we just just take different requirements under consideration when contemplating a credit card applicatoin to make financing choice.
What the results are if my application is declined? Can a loan is got by me if i really do perhaps not acquire my personal house?
What this means is at this juncture we have been not able to provide you with that loan, as your application would not satisfy our financing criteria. In the event your circumstances alter, you are welcome to re-apply after 1 month.
You should not be considered a true house owner to have that loan from Dot Dot. We conduct credit checks and just take your earnings and spending under consideration and base our choice with this.
What exactly is the essential difference between a direct loan provider and a brokerage?
Dot Dot Loans is a primary loan provider вЂ“ what this means is that you could use straight to us and, if authorized, we will deliver the funds directly to your money. As opposed to provide you the funds themselves, an agent passes your information on to 3rd events who could possibly offer that loan that matches your needs.
Why have actually we been expected to outline supporting papers?
Often we require additional papers to greatly help us to help make our financing choices. For instance, we might require some information that is further support your reported earnings and spending or might need one to deliver us proof your ID. We constantly attempt to keep these demands to the absolute minimum.
Exactly just What do i really do if I do not get my loan?
Call us on 0333 240 6215 and then we’ll take a good look at the presssing problem for you personally.
I am a customer that is existing could I make an application for another loan?
As a preexisting client, maybe you are entitled to remove a unique loan you have repaid your existing one with us once. This isn’t a warranty, nonetheless, and just how much perhaps you are in a position to borrow being a customer that is existing on the specific circumstances. To utilize for a brand new loan, merely get on the Dot Dot client 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 really 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 abide by data security legislation.
Why do Dot Dot Loans utilize Open Banking?
We utilize information provided through Open Banking included in our credit and affordability checks, in order that we could make financing decisions on applications for example of our long-lasting loans (18 to 48 months). The solution we request you to accept whenever obtaining a long-lasting loan we can 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 making sure that we are able to completely and fairly assess whether it is possible to pay for to simply just just take down that loan. Additionally eliminates the need for you to definitely deliver bank statements, payslips or any other income and information that is expenditure-related us. You will have to consent to this ongoing solution in order to accomplish the application as well as for us to help you which will make a lending choice.