Application FAQs. Just exactly How quickly am I going to get my loan?

Loans are funded every hour, seven days per week. If you are approved after 10pm your loan is likely to be funded at 9am the very next day.

Simply how much may I submit an application for?

Clients can put on to borrow as much as ВЈ4000 straight through our internet site.

As an accountable loan provider we constantly be sure you meet our financing requirements, and conduct credit and affordability checks for every single loan.

Am I going to be credit examined once I use?

Yes – every application we get is credit examined. Being a accountable loan provider we constantly be sure you meet our financing requirements and conduct credit and affordability checks for every single loan. Simply which means you know, the credit check will simply be noticeable in your credit report to many other loan providers whenever we make an offer to you personally and also you accept it.

May I determine if i am approved without a credit search?

No – because we’re a responsible loan provider, a credit search is essential to ensure that us to create a determination on your own application. Our initial search is supposed to be a ‘soft’ one, this implies it is visually noticeable to you yet not other loan providers and organisations. Whenever we make an offer to you personally and you accept this, we shall execute a credit application search and also this will likely to be noticeable in your credit history with other loan providers. All applications are at the mercy of a credit check and affordability evaluation.

Am I entitled to a Dot Dot Loan?

Eligibility depends on your private circumstances, but to put on you have to be:

Over 18 years old (over 21 for long-lasting loans)

To accomplish the job, you will require:

Valid email and number that is mobile

Residence target details

Banking account and debit card details

Can I want to send in almost any paperwork?

In many cases we might ask you to answer for additional supporting documents.

Why must you validate my earnings?

Because we are a responsible loan provider, we always verify your revenue and spending to assist guarantee any loan offer is affordable.

We have a poor credit rating, am I able to get that loan?

We make our choices on an instance by instance foundation. We do not expect visitors to have an amazing credit score therefore we just just take different requirements under consideration when it comes to a credit card applicatoin in purchase in order to make financing choice.

What the results are if my application is declined?

What this means is at this juncture we have been not able to provide you with that loan, as the application would not satisfy our financing requirements. Should your circumstances alter, you are welcome to reapply after 1 month.

Am I able to get financing if i really do perhaps perhaps not obtain my personal house?

You should not be a house owner to have that loan from Dot Dot. We conduct credit checks and bring your earnings and spending into consideration and base our choice with this.

What exactly is the essential difference between an immediate 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 income by themselves, an agent 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 require additional documents to greatly help us in order to make our financing choices. For instance, we possibly may require some more info to guide your reported earnings and spending or could need one to deliver us evidence of your ID. We constantly you will need to keep these demands to the very least.

exactly just What do i really do if I do not get my loan?

Call us and we also’ll have a look at the problem for you personally.

I am a current consumer , could I submit an application for another loan?

As a preexisting consumer, you might be entitled to sign up for a fresh loan with us after you have paid back your existing one. This is simply not a warranty, nonetheless, and just how much perhaps you are in a position to borrow as a preexisting client is dependent on your own personal circumstances. To utilize for a unique loan, merely get on the Dot Dot consumer portal to start out the job. For those who haven’t yet registered for the Dot Dot consumer portal, you can easily register right right here.

What exactly is Open Banking?

Open Banking is really a easy and safe solution to provide us with usage of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are managed because of the Financial Conduct Authority (FCA) and must stay glued to data security legislation.

How come Dot Dot Loans utilize Open Banking?

We utilize information offered through Open Banking included in our credit and affordability checks, in order that we could make financing decisions on applications for starters of our 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 view the info that appears in your bank statements and it is a paper-free method of sharing your revenue and expenditure information with us to ensure that we could thoroughly and fairly assess whether you really can afford to get a loan. In addition it eliminates the necessity for one to deliver bank statements, payslips or any other earnings and expenditure-related information to us. You need to consent to this service to help you to accomplish the application as well as for us in order to create a financing choice.