How do Dot Dot’s brief loans work?
Our brief loans procedure could not be any easier. All our loans are unsecured, so that you won’t need to offer your house or any other valuables as protection. There is no need certainly to either find a guarantor.
Merely choose just how much you wish to borrow and just how long you need certainly to repay it and there go from. You need to use our short-term loan calculator to find down exactly how much yours will surely cost before you use.
You can afford the repayments based on your credit history, income, and outgoings if you decide to go ahead, our team will carry out credit and affordability checks to make sure. Do not panic вЂ“ a credit that is less-than-perfect will not immediately rule you down.
Whenever we state yes, we are going to concur all of your loan expenses upfront, then gather repayments immediately. You may also handle your loan online through our handy consumer portal.
You’ll check out our FAQs or contact our friendly group in the event that you have actually more concerns.
Is a loan that is short-term in my situation?
Any choice you create along with your money has to be the right choice 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 as you’re repaying your debts faster. This may suggest you will 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.
It is also perhaps maybe maybe not a smart concept to get a short-term loan to cover down another financial obligation. Dealing with more debt might make your circumstances even even worse. In the event that you feel as you’re struggling you may get free advice from National Debtline, StepChange or The cash Advice Service.
Do we be eligible for a short-term loan?