Application FAQs just How quickly can I get my loan?

Loans are funded every hour between 9am and 10pm, seven days a week. If you should be authorized after 10pm your loan is going to be funded at 9am the following day.

Just how much may I submit an application for? Am I going to be credit examined whenever I use?

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

As being a lender blue trust loans near me 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 receive is credit examined. Being a lender that is responsible constantly be sure 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 on your own credit report to many other lenders you and you accept it if we make an offer to.

Am I able to find out if i have been authorized without having a credit search?

No – because we’re a responsible loan provider, a credit search is essential to allow us which will make a determination on the application. Our initial search may be a ‘soft’ one, this means it is visually noticeable to you yet not other loan providers and organisations. Whenever we make an offer for you and you accept this, we shall carry a credit application search out and also this should be noticeable on your own credit history to many other loan providers. All applications are at the mercy of a credit affordability and check evaluation.

Am I entitled to a Dot Dot Loan? Can I need certainly to send in virtually any paperwork?

Eligibility depends on your circumstances that are personal but to make use of you have to be:

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

To accomplish the job, you can also require:

Valid email and number that is mobile

Residence target details

Bank account and debit card details

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

Why should you validate my income? I’ve a credit that is bad, am I able to get that loan?

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

We make our choices on situation by situation foundation. We do not expect individuals to have credit that is perfect so we just simply take different requirements into consideration when considering an application to make lending choice.

What the results are if my application is declined? Can a loan is got by me if i really do perhaps perhaps not acquire my personal house?

This implies at this juncture we have been not able to give you that loan, as the application would not fulfill our financing requirements. When your circumstances alter, you are welcome to re-apply after 1 month.

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

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

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 provide you the income by themselves, an agent passes your information on to 3rd events who might be able to offer that loan that fits your needs.

Why have actually we been asked to outline supporting papers?

Often we are in need of additional papers to aid us which will make our financing choices. As an example, we might require some information that is further support your reported earnings and spending or could need you to definitely deliver us evidence of your ID. We constantly make an effort to keep these demands to the very least.

Just exactly What do I do if I do not get my loan?

Contact us on 0333 240 6215 so we’ll have a look at the problem for your needs.

I’m a customer that is existing am I able to submit an application for another loan?

As a preexisting client, you may well be qualified to remove a fresh loan with us after you have paid back your existing one. It is not an assurance, nonetheless, and simply how much you may well be in a position to borrow as a current client depends in your specific circumstances. To utilize for a brand new loan, just get on the Dot Dot client portal to begin the application. You can register here if you haven’t yet registered for the Dot Dot customer portal.

What exactly is Open Banking?

Open Banking is a straightforward and way that is secure provide us with use of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are managed by the Financial Conduct Authority (FCA) and must stay glued to data security legislation.

How come Dot Dot Loans utilize Open Banking?

We utilize information offered through Open Banking included in our credit and affordability checks, making sure that we could make financing decisions on applications for starters 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 details that seems on your own bank statements and it is a paper-free method of sharing your earnings and spending information with us to ensure we could completely and fairly assess whether you really can afford to just simply just take away that loan. Moreover it eliminates the necessity for you to definitely deliver bank statements, payslips or other earnings and information that is expenditure-related us. You will have to consent to this ongoing service to help you to accomplish the application as well as for us in order to produce a financing choice.