Application FAQs. May I determine if i have been authorized without having a credit search?
just just How quickly am I going to get my loan?
Loans are funded every hour between 9am and 10pm, seven days a week. If you are authorized after 10pm your loan will undoubtedly be funded at 9am the following day.
Exactly how much may I submit an application for? Can I be credit examined once I use?
Clients can use to borrow as much as ВЈ4000 straight through our site.
As a accountable loan provider we 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 checked. As a accountable loan provider we always be certain you meet our financing requirements and conduct credit and affordability checks for every single loan. Simply and that means you know, the credit check is only going to be noticeable in your credit report to other lenders whenever we make an offer for you and also you accept it.
No вЂ“ because weвЂ™re a responsible lender, a credit search is essential to help us to help make a determination on your application. Our initial search is likely to be aвЂ™ that isвЂsoft, this implies it should be noticeable to you yet not other loan providers and organisations. Whenever we make an offer for your requirements and you accept this, we’re going to carry a credit application search out and also this are going to be noticeable in your credit history with other lenders. All applications are at the mercy of a credit check and affordability evaluation.
Am I entitled to a Dot Dot Loan?
Eligibility is determined by your circumstances that are personal but to utilize you should be:
Over 18 years old (over 21 for long-lasting loans)
To perform the application, you will also require:
Valid email and number that is mobile
Residence target details
Bank debit and account card details
Can I have to send in virtually any paperwork? Why must you validate my income?
In a few full situations we might ask you for additional supporting papers.
Because we are a accountable lender, we constantly verify your revenue and spending to assist ensure any loan offer is affordable.
I’ve a credit that is bad, may I get that loan?
We make our choices for a full situation by instance foundation. We do not expect visitors to have perfect credit score so we just simply take different requirements into consideration when contemplating a software to make financing choice.
What the results are if my application is declined? Can we get a loan if i really do perhaps maybe not possess my own house?
This implies at this juncture we have been not able to provide you with that loan, as your application failed to fulfill our financing requirements. If for example the circumstances alter, you are welcome to re-apply after 1 month.
You should not be considered a true house owner to have a loan from Dot Dot. We conduct credit checks and simply take your income 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 lender вЂ“ what this means is that one can apply straight to us and, if authorized, we will deliver the funds right to your money. As opposed to provide you the cash on their own, a brokerage passes your information on to 3rd events who might be able to give you that loan that matches your needs.
Why have we been expected to submit supporting documents?
Often we are in need of payday loans OK additional papers to greatly help us to produce our financing choices. As an example, we might require some information that is further help your reported earnings and spending or could need one to deliver us evidence of your ID. We constantly make an effort to keep these needs to the very least.
exactly just What do i really do if I don’t get my loan?
Contact us on 0333 240 6215 and now we’ll have a look at the problem for your needs.
I am a customer that is existing may I submit an application for another loan?
As a current consumer, you might be qualified to sign up for an innovative new loan you have repaid your existing one with us once. This is simply not an assurance, but, and simply how much you may well be in a position to borrow being a customer that is existing in your specific circumstances. To utilize for a loan that is new just get on the Dot Dot client portal to start out the application. You can register here if you havenвЂ™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 economic information through username and passwords Service Providers (AISPs). Open Banking and AISPs are regulated by the Financial Conduct Authority (FCA) and must stay glued to data security legislation.
We utilize information provided through Open Banking included in our credit and affordability checks, to ensure we are able to make financing decisions on applications for example of y 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 see the data that seems in your bank statements and it is a paper-free means of sharing your revenue and spending information with us in order that we could completely and fairly assess whether you really can afford to just just simply take a loan out. Moreover it removes the necessity for one to deliver bank statements, payslips or any other earnings and information that is expenditure-related us. You will have to consent to this ongoing solution in order to accomplish the job as well as for us to help you to help make a lending choice.