Exactly 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 should be authorized after 10pm your loan is supposed to be funded at 9am the following day.

Just how much may I make an application for?

Clients can use to borrow as much as ВЈ4000 straight through our website.

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

Am I going to be credit examined once I use?

Yes – every application we get is credit examined. As a accountable loan provider we always be certain you meet our financing criteria and conduct credit and affordability checks for every loan.

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

No – a credit search is essential to enable us in order to make a choice on your own application, here find out why. All applications are at the mercy of 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 put on you have to be:

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

To perform the application, you will require:

Valid email and number that is mobile

Home target details

Bank debit and account card details

Can I want to send in just about any paperwork?

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

Why must you confirm my earnings?

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

I’ve a bad credit rating, could I get that loan?

We make our choices for instance by instance foundation. We do not expect visitors to have a perfect credit rating so we just simply simply take different criteria under consideration when contemplating a credit card applicatoin in purchase to produce lending choice.

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What goes on if my application is declined?

What this means is at this juncture we have been struggling to provide you with that loan, as the application failed to satisfy our financing requirements. If for example the circumstances alter, you are welcome to reapply after 1 month.

Can a loan is got by me if i really do maybe perhaps maybe not possess my very own home?

You don’t have to be property owner to obtain that loan from Dot Dot. We conduct credit checks and just take your earnings and spending under consideration and base our choice with this.

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

Dot Dot Loans is a primary loan provider – what this means is that one may use straight to us and, if authorized, we are going to deliver the funds right to your money. As opposed to provide you the income on their own, an agent passes your information on to parties that are third might be able to 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 greatly help us in order to make our financing choices. As an example, we possibly may require some more information to help your reported earnings and spending or may need you to definitely deliver us proof your ID. We constantly attempt to keep these needs to the very least.

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

Call us on 0333 240 6215 and we also’ll have a look at the presssing problem for you personally.

I’m a customer that is existing may I make an application for another loan?

As a current consumer, you may well be entitled to remove a fresh loan with us once you’ve paid back your existing one. This isn’t an assurance, nevertheless, and exactly how much perhaps you are in a position to borrow being a customer that is existing in your specific circumstances. To try to get a loan that is new merely get on the Dot Dot client portal to begin the application. Please usually do not use directly through the website, as any current clients trying to get a further loan in because of this will immediately be declined. When you yourself haven’t yet registered for the Dot Dot consumer portal, you can easily register right here.

What’s 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 protection legislation.

How come Dot Dot Loans utilize Open Banking?

We utilize information offered through Open Banking included in our credit and affordability checks, to ensure we are able to make financing decisions on applications for just one of y our loans that are long-term18 to 48 months). The solution we request you to consent to whenever obtaining a long-lasting loan permits us to see the info that seems on the bank statements and it is a paper-free method of sharing your revenue and spending information with us to ensure we are able to completely and fairly assess whether you really can afford to just just take a loan out. It eliminates the necessity for one to deliver bank statements, payslips or other earnings and information that is expenditure-related us. You need to consent to this ongoing solution to be able to finish the application as well as for us in order which will make a financing choice.

How does Open Banking work?

It really is as easy as signing to your online banking. Throughout the application we’ll redirect you to consents.online, that will request you to offer very first and final title, current email address and contact number. You’ll then be expected to choose which bank/building culture you own your account that is current with before being expected for the consent to get into your statement information and share it with us. As soon as you’ve agreed, a protected, encrypted connection are going to be created using your bank/building culture and you’ll be expected to authenticate your self into the way that is same you log on to online banking. Your bank/building culture will then request you to make sure you may like to share consents.online to your account information before that is passed for them, who can then share it with us.

Who’s consents.online?

Consents.online certainly are a FCA-regulated username and passwords Service Provider (AISP). Consents.online offer a fast, simple and way that is secure offer your monetary information utilizing Open Banking.

Along with assisting you share your computer data in a safe and way that is secure consents.online additionally offer you use of a free portal (available on the internet and via an application you can see what you’ve shared, control and revoke access to your data at any time if you agree to this option during your application) where. If you undertake to revoke access, it shall signify consents.online and anybody you formerly consented in their mind sharing your details with, including us, will not manage to see your username and passwords, by law unless they are required to store it.

Is consents.online safe?

Consents.online Uses rigorously tested security and software systems. By agreeing to talk about important computer data making use of consents.online, you are constantly in control. You can easily determine what information could be accessed as well as just how long. No body gets access until you state therefore.

Is consents.online managed?

Yes, consents.online are managed by the FCA and must abide by data security legislation. To see their qualifications view here.

So how exactly does consents.online connect to my bank?

Consents.online will connect with your account straight utilizing Open Banking APIs. An API – or Application Programming Interface – is a computer software intermediary enabling two applications to securely speak with one another. With regards to start Banking, think about it as safe packages of information being moved between two places. It really is incredibly safe and provides just what exactly is necessary and absolutely nothing more. Consents.online makes a demand through the API, your bank reacts to it by packaging information up, encrypting it and delivering right right back – nevertheless the distance between your two is often maintained.

Short-term loan

Representative Example

Borrow ВЈ300 over a couple of months with month-to-month payment of ВЈ153.63. Total quantity payable ВЈ460.89. Interest 292% p.a. (fixed). 1255% APR Representative.

Longterm loan

Representative Example

Borrow ВЈ2500 over two years with month-to-month payment of ВЈ198.68. Total quantity payable ВЈ4768.25. Rate of interest 71.1% p.a. (fixed). 99.9% APR Representative.