Eligibility for borrowing money from Dot Dot Loans

Many people find themselves in unexpected situations where they could do with a little bit of extra cash to cover an https://onedayloan.net/payday-loans-tn/ urgent expense before their next payday. If you need money for any type of emergency, then look no further.

It’s not always possible to account for every unexpected expense you may face, and even when you do try to plan for the unexpected, sometimes these things cost more than you’d budgeted for. Whatever the case, when you need cash in an emergency, we understand how stressful that can be.

At Dot Dot Loans, we offer emergency short-term loans in values from ?100 to ?1,000, to cater for a variety of expenses you may find yourself facing.. Read on to find out more about borrowing money from Dot Dot Loans and how quickly you could get the money you may need.

Before you apply for a loan with Dot Dot, we ask that you check that you meet our eligibility criteria. Eligibility will depend on your personal circumstances, but to apply you need to be:

Over 18 years of age (over 21 for long-term loans) A UK resident In employment and not have been declared bankrupt. A valid email address and mobile number Home address details An active bank account and debit card details

Representative Example

Borrow ?250 over 6 months with monthly repayment of ?. Total amount payable ?. Interest rate % p.a. (fixed). 824.7% APR Representative.

How does the application process work?

To apply for a Dot Dot loan, simply complete our online application form, filling in details such as your name, your home address, bank details and income and expenditure information. Then, we use this information to conduct credit and affordability checks to help ensure the loan you’re applying for is one you can repay affordably.

If approved for a short-term loan you could have the money in your bank account within the same day; ready to cover whatever emergency you are currently dealing with.

What can an emergency loan from Dot Dot be used for?

Dot Dot loans are designed to help out in the kind of emergency situations where you need money to pay for something now.

Or, perhaps you’d simply rather spread the cost than take the hit all in one month. Dot Dot Loans can help in all manner of emergencies, from something as quick to fix as the car breaking down or something bigger, such as a flood in your home. Short-term loans should not be used for long-term financial issues. If you are experiencing financial difficulty, we recommend you seek free and impartial debt advice from a not-for-profit organisation like Stepchange or MoneyHelper.

Can I get an emergency loan if I am unemployed?

At Dot Dot Loans, we look at a multitude of factors, including your employment, when considering your eligibility for a loan. If you are not in current employment, we will not be able to issue an emergency loan to you. Other factors we look at are also searching your credit file for affordability. We also check if you’ve previously been declared bankrupt, and if so we will not be able to issue you an emergency loan.

Is Dot Dot Loans a direct lender?

At Dot Dot Loans, we like to do all we can to help our customers when they need to tackle one of life’s emergencies. Dot Dot Loans is a direct lender and not a broker, find out more about what this means here.

We understand how stressful it can be to wait for money to come through, which is why if you’re approved for a short-term loan, we aim to get you the money you need within the same day your application is approved.

Need anything else?

We hope this guide has helped you make a decision or pointed you in the right direction if you need money today and you’re considering using Dot Dot Loans as a lender. Click here to read our full FAQ section.