Application FAQs. Am I able to determine if i have been approved with out a credit search?
Just exactly just How quickly can I get my loan?
Loans are funded every hour between 9am and 10pm, seven days per week. If you should be authorized after 10pm your loan will likely be funded at 9am the day that is next.
Simply how much am I able to make an application for? Am I going to be credit examined whenever I use?
Clients can put on to borrow as much as ВЈ4000 straight through our internet site.
As 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. Being a accountable loan provider we constantly be sure you meet our financing 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 your own credit report with other loan providers whenever we make an offer for you and also you accept it.
No – because we’re a responsible loan provider, a credit search is essential to ensure that us to create a choice in your application. Our initial search would be a вЂsoft’ one, this implies it’s going to be noticeable to you yet not other loan providers and organisations. Whenever we make an offer for you and you accept this, we shall carry a credit application search out and also this will likely be noticeable on your own credit history to many other loan providers. All applications are at the mercy of a credit affordability and check evaluation.
Am I entitled to a Dot Dot Loan?
Eligibility depends on your individual circumstances, but to put on you should be:
Over 18 years (over 21 for long-lasting loans)
To perform the job, you can also need:
Valid email address and mobile quantity
Residence target details
Bank debit and account card details
Can I want to send in almost any paperwork? Why must you confirm my earnings?
In certain full situations we possibly may ask you for additional supporting papers.
Because we are a lender that is responsible we constantly verify your revenue and spending to simply help guarantee any loan offer is affordable.
I’ve a credit that is bad, may I get that loan?
We make our choices on a full instance by instance foundation. We do not expect individuals to have credit that is perfect so we just take different requirements into consideration when it comes to a software in purchase in order to make lending choice.
What are the results if my application is declined? Can a loan is got by me if i really do maybe maybe not have my very own house?
This implies at this juncture we have been struggling to provide you with financing, as the application would not satisfy our financing requirements. In the event the circumstances alter, you are welcome to reapply after thirty days.
You should not be described as house owner to have a loan from Dot Dot. We conduct credit checks and bring your expenditure and income into 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 – what this means is you could use straight to us and, if authorized, we are going to deliver the funds right to your money. As opposed to provide you the cash by themselves, an agent passes your information on to parties that are third might be able to provide you with that loan that suits your needs.
Why have we been expected to outline supporting papers?
Often we want additional papers to greatly help us in order to make our financing choices. For instance, we possibly may require some more info to help your reported earnings and spending or may need you to definitely deliver us evidence of your ID. We always attempt to keep these needs to at least.
Just What do i really do if I do not get my loan?
Contact us on 0333 240 6215 and then we’ll have a look at the presssing issue for you personally.
I’m a customer that is existing could I make an application for another loan?
As a current consumer, perhaps you are qualified to remove a fresh loan you have repaid your existing one with us once. It is not a warranty, but, and just how much you may well be in a position to borrow being a customer that is existing in your specific circumstances. To use for a loan that is new merely get on the Dot Dot consumer portal to begin the job. You can register here if you haven’t yet registered for the Dot Dot customer portal.
What’s Open Banking? how come Dot Dot Loans utilize Open Banking?
Open Banking is a straightforward and safe solution to give us usage of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are regulated by the Financial Conduct Authority (FCA) and must abide by data security legislation.
We utilize information offered through Open Banking included in our credit and affordability checks, to ensure that we could make financing decisions on applications for starters of our long-term 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 data that seems on your own bank statements and it is a paper-free method of sharing your revenue and spending information with us making sure that we are able to completely and fairly assess whether you really can afford to just just simply take a loan out. Moreover it removes the necessity for one to deliver bank statements, payslips or other income and information that is expenditure-related us. It is important to consent to this ongoing solution in order to perform the job as well as us to help you to create a financing decision.