Application FAQs. Just exactly exactly How quickly can I get my loan?

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

Simply how much may I make an application for?

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

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

Can I be credit examined once I use?

Yes – every application we get is credit examined. As a accountable loan provider we constantly be sure you meet our financing requirements and conduct credit and affordability checks for every loan. Simply so that you know, the credit check is only going to be noticeable on the credit report with other loan providers when we make an offer for your requirements and also you accept it.

Could I determine if i have been authorized with out a credit search?

No – because we’re a responsible loan provider, a credit search is important to ensure that us to produce a determination in your application. Our initial search will soon be a ‘soft’ one, this implies it’s going to be visually noticeable to you not other loan providers and organisations. When we make an offer for your requirements and you accept this, we shall perform a credit application search and this is supposed to be visible in your credit history with other loan providers. All applications are susceptible to a credit check and affordability evaluation.

Am I qualified to receive a Dot Dot Loan?

Eligibility is determined by your own personal circumstances, but to put on you have to be:

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

To accomplish the application, you can also require:

Valid email and mobile quantity

Residence target details

Bank-account and debit card details

Can I have to send in virtually any paperwork?

In many cases we possibly may ask you to answer for additional supporting papers.

Why must you validate my income?

Because we are an accountable loan provider, we always verify your income and spending to greatly help make sure any loan offer is affordable.

We have a poor credit rating, can I get that loan?

We make our choices on an instance by instance foundation. We do not expect visitors to have a great credit score therefore we simply just take different requirements into consideration when it comes to a software 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 thirty day period.

May I get that loan if i really do maybe perhaps not obtain my personal house?

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

What is the essential difference between a direct loan provider and a brokerage?

Dot Dot Loans is a primary lender – this means you can easily use straight to us and, if authorized, we are going to deliver the funds right to your money. As opposed to provide you the amount of money on their own, a brokerage passes your information on to 3rd events who might be able to provide you with a loan that fits your needs.

Why have actually we been expected to send in supporting papers?

Often we require additional papers to assist us to produce our financing choices. For instance, we possibly may require some more information to guide your stated earnings and spending or may need one to deliver us evidence of your ID. We constantly you will need to keep these requests to the very least.

Exactly just What do I do if I do not get my loan?

Call us therefore we’ll take a good look at the problem for you personally.

I will be a current client , am I able to submit an application for another loan?

As a current client, you are eligible to sign up for a unique loan with us after you have paid back your existing one. This isn’t a warranty, nonetheless, and simply how much perhaps you are able to borrow as a preexisting client hinges on your own personal circumstances. To try to get an innovative new loan, just log on to the Dot Dot consumer portal to begin the job. For those who haven’t yet registered for the Dot Dot consumer portal, you are able to register right right right here.

What exactly is Open Banking?

Open Banking is a straightforward and safe method to provide us with usage of your economic information through username and passwords Service Providers (AISPs). Open Banking and AISPs are managed because of the Financial Conduct Authority (FCA) and must stick to data protection legislation.

How come Dot Dot Loans use Open Banking?

We utilize information made available through Open Banking included in our credit and affordability checks, making sure 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 when obtaining a long-lasting loan permits us to view the info that seems in your bank statements and it is a paper-free method of sharing your earnings and spending information with us making sure that we are able to completely and fairly assess whether you really can afford to get a loan. Moreover it eliminates the necessity for you to deliver bank statements, payslips or any other earnings and expenditure-related information to us. It is important to consent to this solution to help you to perform the application as well as for us to help you to create a financing choice.