Application FAQs exactly How quickly am I going to get my loan?

Application FAQs 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 approved after 10pm your loan would be funded at 9am the overnight.

Just how much may I submit an application for? Can I be credit examined once I use?

Clients can use to borrow up to ВЈ4000 directly through our internet site.

As 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 checked. Being a lender that is responsible constantly be sure you meet our financing criteria and conduct credit and affordability checks for every loan. Simply so that you know, the credit check will simply be noticeable on the credit history to other loan providers you and you accept it if we make an offer to.

Am I able to determine if i am authorized with out a credit search?

No – because we’re a responsible loan provider, a credit search is important to ensure that us to create a determination in your application. Our initial search are going to be a’ that is‘soft, this implies it should be visually noticeable to you yet not other loan providers and organisations. Whenever we make an offer for you and you accept this, we’re going to carry a credit application search out and this will likely to be noticeable in your credit history to many other loan providers. All applications are susceptible to a credit check and affordability evaluation.

Am I qualified to receive a Dot Dot Loan? Will we have to send in virtually any paperwork?

Eligibility depends on your individual circumstances, but to put on you have to be:

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

To perform the job, you will also require:

Valid email and number that is mobile

Residence target details

Bank debit and account card details

In a few full situations we might ask you for additional supporting papers.

Why must you confirm my earnings? We have a bad credit history, can I get that loan?

Because we are a lender that is responsible we constantly verify your revenue and spending to help guarantee any loan offer is affordable.

We make our choices on a full situation by instance foundation. We do not expect visitors to have perfect credit rating so we just simply simply take different criteria into consideration when it comes to a credit card applicatoin in purchase to create financing decision.

What are the results if my application is declined? Can I have a loan if i really do maybe not possess personal house?

This implies at this juncture we have been struggling to give you financing, as the application failed to meet our financing criteria. If the circumstances alter, you are welcome to re-apply after thirty days.

You don’t have to be described as a true house owner to have a loan from Dot Dot. We conduct credit checks and bring your expenditure and income into consideration and base our decision about this.

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

Dot Dot Loans is a primary loan provider – this implies you could apply straight to us and, if authorized, we are going to deliver the funds directly to your money. As opposed to provide you the cash on their own, an agent passes your information on to parties that are third might be able to give you a loan that fits your needs.

Why have actually we been expected to outline supporting papers?

Often we truly need additional papers to simply help us to create our lending choices. for instance, we might require some more info to help your stated earnings and spending or could need one to deliver us evidence of your ID. We constantly attempt to keep these needs to at least.

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

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

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

As a preexisting consumer, you may well be entitled to sign up for an innovative new loan with us once you’ve paid back your existing one. This isn’t an assurance, but, and exactly how much perhaps you are in a position to borrow being a current client depends on the specific circumstances. To utilize for a brand new loan, just log on to the Dot Dot client portal to begin the job. You can register here if you haven’t yet registered for the Dot Dot customer portal.

What exactly is Open Banking?

Open great plains lending loans loan Banking is really a easy and safe option to provide us with usage of your economic information through username and passwords Service Providers (AISPs). Open Banking and AISPs are regulated because of the Financial Conduct Authority (FCA) and must stick to data security legislation.

How come Dot Dot Loans utilize Open Banking?

We use information provided through Open Banking as an element of our credit and affordability checks, to ensure we could 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 permits us to see the details that seems in your bank statements and it is a paper-free method of sharing your revenue and spending information with us to ensure we could completely and fairly assess whether you really can afford to just simply take down a loan. It eliminates the need for you to definitely deliver bank statements, payslips or any other income and information that is expenditure-related us. You will have to consent to this solution in order to perform the job as well as for us to help you in order to make a financing choice.