Application FAQs. Could I determine if i have been authorized without having a credit search?

exactly exactly How quickly can I get my loan?

Loans are funded every hour between 9am and 10pm, seven days per week. If you are authorized after 10pm your loan is supposed to be funded at 9am the following day.

Exactly how much am I able to submit an application for? Am I going to be credit examined once I apply?

Customers can use to borrow as much as ВЈ4000 straight through our site.

Being a lender that is responsible always be certain you meet our financing requirements, and conduct credit and affordability checks for every loan.

Yes – every application we get is credit examined. 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 visible in your credit report to many other loan providers you and you accept it if we make an offer to.

No – because we’re a responsible loan provider, a credit search is essential to allow us to create a choice in your application. Our initial search is going to be a’ that is‘soft, this implies it’ll be visually noticeable to you yet not other loan providers and organisations. When we make an offer for you and you accept this, we shall carry away a credit application search and also this should be noticeable on your own credit report 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 circumstances that are personal but to use you should 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 address details

Bank debit and account card details

Can I have to send in virtually any paperwork? Why must you confirm my earnings?

In certain full instances we possibly may ask you to answer for additional supporting papers.

Because we are a accountable loan provider, we constantly verify your revenue and spending to assist make sure any loan offer is affordable.

We have a credit that is bad, may I get that loan?

We make our choices on instance by situation foundation. We don’t expect visitors to have perfect credit score therefore we simply simply take different criteria into consideration when it comes to a software in purchase to produce financing choice.

What goes on if my application is declined? Can a loan is got by me if i actually do perhaps maybe maybe not own personal house?

This implies on this occasion we have been struggling to give you that loan, as the application didn’t satisfy our financing requirements. If for example the circumstances alter, you are welcome to re-apply after 1 month.

You don’t have to be house owner to obtain that loan from Dot Dot. We conduct credit checks and just take your earnings and spending into consideration and base our decision on this.

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

Dot Dot Loans is a primary loan provider – what this means is us and, if approved, we’ll send the funds straight to your bank account that you can apply directly to. As opposed to provide you the income on their own, a brokerage passes your details on to 3rd events who might be able to provide you with that loan that satisfies your needs.

Why have actually we been expected to submit supporting papers?

Often we are in need of additional papers to simply help us to produce our financing choices. As an example, we possibly may require some more information to help your reported earnings and expenditure or could need one to deliver us evidence of your ID. We constantly attempt to keep these demands to the very least.

Exactly exactly What do i actually do if I do not get my loan?

Contact us on 0333 240 6215 and then we’ll take a good look at the problem for your needs.

I will be a existing consumer , am I able to submit an application for another loan?

As a preexisting client, maybe you are entitled to sign up for a fresh loan you have repaid your existing one with us once. This isn’t an assurance, nevertheless, and just how much you are in a position to borrow being a customer that is existing in your individual circumstances. To try to get a loan that is new merely get on the Dot Dot consumer portal to start out the application. 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 way that is secure provide us with use 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.

We use information offered through Open Banking as an element of our credit and affordability checks, in order that we are able to make financing decisions on applications for just one of y our loans that are long-term18 to 48 months). The service we request you to consent to when trying to get a long-lasting loan permits us to see the details that seems on your own bank statements and it is a paper-free method of sharing your earnings and spending information with us making sure that we could completely and fairly assess whether you really can afford to simply just just take away that loan. In addition it eliminates the necessity for you to definitely deliver bank statements, payslips or other earnings and information that is expenditure-related us. You will have to consent to this ongoing solution to help you to complete the job as well as us in order to help make a financing choice.

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