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Just how do Dot Dot’s short loans work?

Just how do Dot Dot’s short loans work?

Our loans that are short could not be any easier. All our loans are unsecured, which means you will never have to provide your home or any other valuables as safety. There is no need certainly to locate a guarantor either.

Simply choose exactly how much you wish to borrow and the length of time you need certainly to repay it and there go from. You should use our short-term loan calculator to find out exactly how much yours will definitely cost before you use.

If you opt to just do it, all of us will perform credit and affordability checks to ensure that you are able to afford the repayments predicated on your credit score, earnings, and outgoings. Never panic – a less-than-perfect credit rating will not immediately rule you down.

Whenever we state yes, we will concur your loan costs upfront, then gather repayments immediately. You could handle your loan on the web through our handy client portal.

You’ll check out our FAQs or contact our friendly group in the event that you have actually any longer questions.

Is a loan that is short-term for me personally?

Any decision you make along with your money has to be the best one for your needs. You can find occasions each time a short-term loan may possibly not be the option that is best.

Short-term loans will often have greater repayments than long-lasting loans while you’re repaying your debts faster. This will probably suggest you are going to spend less in interest, but you might need to look at longer options if you need to borrow a higher amount or spread the cost even further.

Additionally it is maybe maybe not a smart concept to get a short-term loan to cover another debt off. Dealing with more financial obligation will make your circumstances even even even worse. In the event that you feel as if you’re struggling you will get free advice from National Debtline, StepChange or even the Money information Service.

Do we be eligible for a short-term loan?

You want to make quick and loans that are easy to as many folks as you possibly can. It is possible to make an application for certainly one of our loans that are short-term:

  • You are over 18 years old
  • You reside great britain and can provide address details
  • You are presently working
  • You have got a legitimate email and phone number that is mobile
  • It is possible to offer bank debit and account card details

Your chances of being qualified is determined by your circumstances. We review every application independently to be sure we provide responsibly and provide you with that loan that actually works for you personally.

Just how much am I able to borrow?

You are able to submit an application for a loan that is short-term of ВЈ200 and ВЈ1,000 with Dot Dot Loans.

You can apply for a long-term loan of up to £4,000 if you need a higher amount – for significant home improvements or a wedding, for example.

How can short-term loan repayments work?

You can expect payment periods of three, six and nine months on our short-term loans based on just how much you borrow.

We will gather repayments immediately on an agreed date. This will be through Direct Debit and will save you the trouble of recalling to produce payments – or even the stress of forgetting. You are able to talk to us about organizing a various repayment method if you would choose.

We recognize that things change. You may never be charged charges for missed or late repayments but dropping behind could impact your credit rating. If you were to think you will not have the ability to create a repayment, for reasons uknown, please get in contact as quickly as possible.

Our friendly group will talk you during your choices which help place a brand new plan together.

Any kind of costs to be concerned about?

We do not charge any concealed or extra charges. Some quick loan loan providers do, causing you to be with an increase of to cover straight back and less possibility of doing this. We keep things easy.

What is the attention price on a Dot Dot short-term loan?

Our rate of interest is fixed upfront and differs depending on simply how much you borrow. You could see other loan that is short-term providing variable rates of interest, which means that they may be able fall and rise from every month. These could be riskier. Out of pocket while you might be able to afford the initial rate, this cost could go up and leave you.

With this fixed rate of interest, you are going to constantly understand precisely for which you stay and exactly how much to spending plan.

Submit an application for a loan that is short-term Dot Dot

Has a crisis left you in a decent spot economically? Are numerous expenses mounting up simultaneously? Whatever your circumstances, our fast and loans that are easy end up being the solution.

Apply today utilizing our loan that is short-term calculator. Select just how much you wish to long borrow and how you may like to repay, then look at the loan works for you. If it can, choose apply now to carry on along with your application and fill in a couple of personal statistics.

We are going to return to you as quickly as possible, then go from there. Simple.

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