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

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 are authorized after 10pm your loan would be funded at 9am the following day.

Simply how much am I able to make an application for? Am I going to be credit examined once I use?

Clients can put on to borrow as much as ВЈ4000 straight through our site.

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

Yes – every application we get is credit examined. As being a accountable loan provider we always be certain you meet our financing requirements and conduct credit and affordability checks for every loan. Just which means you know, the credit check is only going to be noticeable in your credit report with 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 ensure that us to produce a determination in your application. Our initial search will undoubtedly be a’ that is‘soft, this implies it is noticeable to you although not other lenders and organisations. Whenever we make an offer for you and you accept this, we are going to carry a credit application search out and also this will likely to be noticeable on the credit report with other loan providers. All applications are susceptible to a credit check and affordability evaluation.

Am I entitled to a Dot Dot Loan?

Eligibility is determined by your individual circumstances, but to utilize you should be:

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

To accomplish the job, you will require:

Valid email and mobile quantity

Residence target details

Bank account and debit card details

Can I have to send in almost any paperwork? Why must you validate my earnings?

In certain situations we possibly may ask you for additional supporting papers.

Because we are a responsible 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, am I able to get that loan?

We make our choices for situation by situation foundation. We do not expect individuals to have credit that is perfect therefore we simply simply take different requirements under consideration when contemplating a credit card applicatoin in purchase to create financing choice.

What are the results if my application is declined? Can a loan is got by me if i actually do perhaps maybe not acquire my very own house?

This implies at this juncture we have been not able to provide you with that loan, as the application didn’t fulfill our financing requirements. In the event the circumstances alter, you are welcome to re-apply after thirty days.

You should not be considered house owner to obtain that loan from Dot Dot. We conduct credit checks and bring your income and spending under consideration and base our choice about this.

What is the essential difference between a direct lender 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 lend you the amount of money by themselves, a brokerage passes your information on to 3rd events who might be able to give you that loan that fits your needs.

Why have actually we been expected to outline supporting papers?

Sometimes we want additional papers to greatly help us in order to make our financing choices. For instance, we possibly may require some more info to help your reported earnings and spending or installment loans Texas could need one to send us evidence of your ID. We always you will need to keep these needs to the very least.

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

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

I will be a customer that is existing could I make an application for another loan?

As a preexisting consumer, maybe you are qualified to sign up for a brand new loan you have repaid your existing one with us once. This is simply not an assurance, nevertheless, and simply how much you may well be in a position to borrow being a customer that is existing on your own specific circumstances. To use for a brand new loan, just get on the Dot Dot consumer 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? How come Dot Dot Loans utilize Open Banking?

Open Banking is just a easy and safe method to 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 abide by data security legislation.

We utilize information offered through Open Banking as an element of our credit and affordability checks, making sure that we are able to make lending decisions on applications for just one of our long-lasting loans (18 to 48 months). The solution we request you to consent to when trying to get a long-lasting loan we can see the info that seems on the bank statements and it is a paper-free means of sharing your revenue and spending information with us to make certain that we are able to completely and fairly assess whether you’ll manage to just simply take down financing. It eliminates the necessity for you to definitely deliver bank statements, payslips or any other earnings and information that is expenditure-related us. You will have to consent to this solution in order to finish the application as well as for us in order to help make a financing choice.