Is just a short-term loan right for me personally?
You can find occasions whenever a short-term loan may not be the smartest choice.
Short-term loans normally have greater repayments than long-lasting loans while you’re repaying your debts faster. This will suggest you are going to spend less in interest, but if you want to borrow a greater quantity or distribute the price even more you will need to check out much longer options.
Additionally it is maybe maybe not a sensible concept to get a short-term loan to cover another debt off. Dealing with more financial obligation will make your circumstances even even worse. Should you feel as you’re struggling you could get free advice from National Debtline, StepChange or The cash guidance Service.
Do we be eligible for a short-term loan?
You want to make quick and simple loans available to as many folks that you can. It is possible to submit an application for certainly one of our short-term loans if:
- You are over 18 years
- You reside the united kingdom and can provide target details
- You’re presently working
- You have got a legitimate current email address and phone number that is mobile
- You are able to offer bank account and debit card details
Your likelihood of being qualified is determined by your position. We review every application independently to be sure we lend responsibly and provide you with a loan that works well for you personally.
Just how much could I borrow?
You are able to make an application for a loan that is short-term of ?200 and ?1,000 with Dot Dot Loans.
If you’d like a greater amount – for significant house improvements or a marriage, for instance – you can easily apply for a long-term loan as high as ?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 for an agreed date. This is through Direct Debit and will save you the effort of remembering which will make payments – or perhaps the worry of forgetting. You are able to talk to us about getting a various repayment technique if you would choose.
We realize that things change. You might never be charged charges for missed or payments that are late dropping behind could impact your credit history. 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 throughout your choices which help place a brand new plan together.
Any kind of charges to be worried about?
We do not charge any concealed or extra costs. Some quick loan companies do, causing you to be with an increase of to pay for right back and less chance of doing this. We keep things easy.
What is the attention price on a Dot Dot loan that payday loans near me is short-term?
Our rate of interest is fixed upfront and differs depending on simply how much you borrow. You may possibly see other short-term loan loan providers providing adjustable rates of interest, which means that they may be able fall and rise from every month. These can 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 interest that is fixed rate you are going to constantly know precisely for which you stay and exactly how much to spending plan.
Submit an application for a short-term loan with Dot Dot
Has a crisis left you in a decent spot economically? Are numerous expenses mounting up at the same time? Whatever your position, our fast and loans that are easy end up being the solution.
Apply today utilizing our short-term loan calculator. Select exactly how much you intend to borrow and just how long you may like to repay, then look at the loan works for you personally. If it can, choose apply now to keep together with your application and fill out a couple of personal stats.
We will return to you as quickly as possible, then go on it after that. Simple.