Is just a short-term loan right in my situation?
You will find occasions whenever a short-term loan is probably not the most suitable choice.
Short-term loans will often have greater repayments than long-lasting loans while you’re repaying your debts faster. This could easily 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.
It is also maybe perhaps not a smart concept to obtain a short-term loan to cover another debt off. Accepting more financial obligation will make your situation worse. You can get free advice from National Debtline, StepChange or The Money Advice Service if you feel like you’re struggling.
Do we be eligible for a short-term loan?
You want to make fast and effortless loans available to as many individuals that you can. You can easily make an application for certainly one of our loans that are short-term:
- You are over 18 years old
- You reside in great britain and can provide target details
- You are presently working
- You’ve got a legitimate email and phone number that is mobile
- You are able to offer bank debit and account card details
Your likelihood of being qualified depends on your circumstances. We review every application separately to be sure we provide responsibly and provide you with a loan that works for you personally.
Simply how much am I able to borrow?
You can easily make an application for a loan that is short-term of ?200 and ?1,000 with Dot Dot Loans.
If you need a greater amount – for significant house improvements or a marriage, as an example – you’ll submit an application for a long-lasting loan all the way to ?4,000.
How can short-term loan repayments work?
We provide payment durations of three, six and nine months on our loans that are short-term 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 which will make payments – or even the stress of forgetting. You can easily talk to us about getting a various repayment method if you would prefer.
We recognize that things change. You might never be charged costs for missed or late repayments but dropping behind could impact your credit rating. You won’t be able to make a repayment, for whatever reason, please get in touch as soon as possible if you think.
Our friendly group will talk you using your choices which help place a brand new plan together.
What are the costs to be concerned about?
We do not charge any concealed or fees that are extra. Some quick loan loan providers do, causing you to be with additional to cover as well as less possibility of doing this. We keep things simple.
What exactly is the attention price on a Dot Dot loan that is short-term?
Our interest is fixed upfront and differs depending on simply how much you borrow. You might see other short-term loan companies providing variable rates of interest, which means that they are able to fall and rise from every month. These could be riskier. You might have the ability to spend the money for initial price, this price could increase and then leave you away from pocket.
With this fixed rate of interest, you will constantly know precisely in which you stay and exactly how much to spending plan.
Make an application for a short-term loan with Dot Dot
Has a crisis left you in a spot that is tight? Are numerous expenses mounting up at a time? Whatever your position, our fast and loans that are easy end up being the solution.
Apply today utilizing our loan that is short-term calculator. Select exactly how much you wish to long borrow and how you would like to repay it, then check out the loan works in your favor. If it will, choose apply now to keep along with your application and complete a couple of details that are personal.
We will return to you asap, then go on it after that. Simple.