Application FAQs just just exactly How quickly am I going to get my loan?
Loans are funded every hour between 9am and 10pm, seven days per week. If you’re authorized after 10pm your loan will likely to be funded at 9am the overnight.
Exactly how much could I submit an application for? Can I be credit examined once I use?
Customers can put on to borrow as much as ВЈ4000 straight through our internet site.
Being a lender that is responsible always be certain you meet our financing requirements, and conduct credit and affordability checks for every single loan.
Yes — every application we get is credit examined. Being a accountable loan provider we always be certain you meet our financing requirements and conduct credit and affordability checks for each loan. Simply so that you know, the credit check will simply be noticeable on your own credit history to other loan providers you and you accept it if we make an offer to.
Am I able to determine if i have been authorized without having a credit search?
No вЂ“ because weвЂ™re a responsible loan provider, a credit search is important to ensure that us to produce a choice on your own application. Our initial search may be a вЂsoftвЂ™ one, this implies it will likely be visually noticeable to you yet not other lenders and organisations. When we make an offer for you and you accept this, we are going to carry a credit application search out and also this should be visible on your own credit history with other loan providers. All applications are susceptible to a credit affordability and check evaluation.
Am I entitled to a Dot Dot Loan? Can I want to send in virtually any paperwork?
Eligibility depends on your individual circumstances, but to put on you should be:
Over 18 years old (over 21 for long-lasting loans)
To perform the job, you will also require:
Valid email and mobile quantity
Residence target details
Bank debit and account card details
In a few full situations we possibly may ask you to answer for additional supporting papers.
Why must you confirm my earnings? We have a credit that is bad, may I get financing?
Because we are a accountable loan provider, we constantly verify your revenue and spending to greatly help guarantee any loan offer is affordable.
We make our choices for instance by instance basis. We do not expect visitors to have credit that is perfect so we simply simply simply take various requirements under consideration when contemplating a software to make financing choice.
What are the results if my application is declined? Can we get a loan if i really do maybe perhaps not obtain personal home?
This implies at this juncture we have been not able to give you financing, as the application didn’t fulfill our financing criteria. When your circumstances alter, you are welcome to re-apply after 1 month.
You should not be described as house owner to have that loan from Dot Dot. We conduct credit checks and bring your expenditure and income under consideration and base our choice about this.
What is the essential difference between a direct lender and an agent?
Dot Dot Loans is an immediate loan provider вЂ“ what this means is as you are able to use straight to us and, if approved, we are going to deliver the funds directly to your money. As opposed to provide you the funds by themselves, an agent passes your information on to 3rd events who could possibly give you that loan that fits your needs.
Why have actually we been expected to outline supporting papers?
Often we are in need of additional papers to assist us to produce our financing choices. For instance, we possibly may require some information that is further support your stated earnings and spending or could need one to deliver us evidence of your ID. We constantly make an effort to keep these demands to the absolute minimum.
Contact us on 0333 240 6215 and now we’ll take a good look at the presssing problem for your needs.
I will be a current consumer , could I make an application for another loan?
As a preexisting consumer, you might be eligible to sign up for a fresh loan you have repaid your existing one with us once. This isn’t a warranty, nonetheless, and simply how much you may well be in a position to borrow as a current client depends on the specific circumstances. To use for a loan that is new merely get on the Dot Dot client portal to begin the application. When you havenвЂ™t yet registered for the Dot Dot client portal, it is possible to register right here.
What exactly is Open Banking?
Open Banking is a straightforward 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.
How come Dot Dot Loans utilize Open Banking?
We utilize information provided through Open Banking included in our credit and affordability checks, making sure that we are able to 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 obtaining a long-lasting loan permits us to see the details that seems on your own bank statements and is a paper-free method of sharing your revenue and spending information with us to make certain that we could completely and fairly assess whether you really can afford to just simply take away a loan. It eliminates the necessity for one to deliver bank statements, payslips or any other earnings and information that is expenditure-related us. You need to accept this solution in order to accomplish your application as well as us in order which will make a financing choice.