£1500 loan from Dot Dot Loans
We understand from time to time you may need to borrow a large amount of money, whether it's to cover an unexpected bill, decorate your house or buy a new car. Whatever the reason for needing a 1500 pound loan, we could help you out.
It can be straightforward to borrow £1500 from Dot Dot Loans. Fill in our simple application form and you'll get an initial decision straight away. The money could then be in your account the next day if your application is approved. Read on to find out more about how to borrow 1500 pounds from Dot Dot Loans.
What can a £1500 loan be used for?
Figures from The Money Charity show that millions of UK households have little or no savings. So, if an emergency expense happens and leaves you in a tight spot, it can be a stressful time thinking about how you're going to pay for it.
A £1500 loan from Dot Dot Loans may be able to help you out though. Our loans could be used to help pay for:
- Replacing home appliances, like your boiler or fridge.
- Car costs, like repairs or MOT's
- Medical or vet bills
- Any other unexpected bills or costs
It's impossible to plan for everything and maybe several of these examples have come around at once. Whatever your situation, a £1500 loan may be the answer to getting your finances back on track.
How do £1500 loans from Dot Dot Loans work?
Once you've completed our simple online application form, if you've been initially approved, we'll be in touch to discuss the next steps and we'll aim to provide a final decision on your loan the next working day.
If you have bad credit or a less than perfect credit history don't be put off from applying, we consider a range of factors when assessing people for a £1500 loan.
From start to finish we'll be open and honest with you. The repayment amounts, and due dates will be clearly displayed before you commit to the loan and you'll never pay more than what's agreed at this stage. Repayments will be automatically taken by Direct Debit, to save you the hassle of having to remember to make them.
How much do I have to pay back each month for my £1500 loan?
If you want to borrow £1500, you can pay it back over an 18 month repayment period. Check out our loan calculator to see what your monthly repayments would be.
Long term loan
Borrow £2500 over 24 months with monthly repayment of £198.68. Total amount payable £4768.25. Interest rate 71.1% p.a. (fixed). 99.9% APR Representative.
Credit checks on a £1500 loan
We take our responsibilities as a lender very seriously; we try to make sure we only provide loans to customers who can afford them. This is why we run affordability and credit checks on every application.
We'll firstly carry out what's known as a 'soft' credit search to give you an initial decision on your application, which won't leave a footprint on your credit file for other lenders to see. A 'hard' search will only be done if we make a loan offer to you and you accept it. This will be seen by other lenders on your credit file.
Can I borrow £1500 with bad credit
You don't need a perfect credit history to be approved for a 1500 pound loan from Dot Dot Loans as we consider a range of factors before making our decision. We'll look at your income and outgoings, as well as your employment status before we make a lending decision.
We look at more than just your credit score as we know that having a poor credit history isn't the full picture.
Am I eligible for a £1500 loan
To be eligible for a £1500 loan you need to be:
- Over 21
- A UK resident
- In employment
During the application you will also need:
- A valid email address and mobile number
- Home address information for the last 3 years
- Your bank account and debit card information
Like all responsible lenders, we have our own criteria to try make sure we are only offering loans to people who can afford the repayments. You will need to pass our credit and affordability checks.
If you get stuck or want to ask a quick question, just get in touch with us.
Why choose Dot Dot Loans
When searching for an online lender its important you find one you that you can rely on. Here at Dot Dot Loans, we like to make lending simple and straightforward. Here are just some of the reasons to apply for one of our £1500 loans:
- We're approachable: Dot Dot Loans is a direct lender rather than a broker, which means you'll always know who you're dealing with.
- We're fair: The amount we agree on up front is the amount you'll pay back. We don't charge penalty fees or added interest.
- We're FCA-approved: We follow FCA guidelines on responsible lending, and aim to offer loans our customers can realistically afford
- We're friendly: Our UK-based customer service team are easy to get hold of and happy to help
But you don't just have to take our word for it. Our customers rate us 'excellent' on the independent review site Trustpilot.
Apply for a £1500 personal loan today
If you need a loan to help you make it through an expensive month, a £1500 payday loan alternative from Dot Dot Loans may be able to help you out.
Get started with your application, by using our long-term loan calculator to see all the costs associated with your £1500 personal loan. Once you're happy, select 'Apply now' and fill in our application form. Once submitted, we'll get back to you as quickly as possible to let you know what's next.
If you have any questions, head to our FAQs section or contact us.