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Loans for a broken boiler

When it comes to your household appliances some are easier to fix or replace than others. If your boiler stops working and leaves you without heating and hot water it can seem like the end of the world, especially in the winter months. As they can be expensive to fix or replace, you may be wondering where you're going to get the cash from at short notice. That's where our boiler loans can help.

You could borrow between £200 and £4000 from Dot Dot Loans. With repayment terms of 3 to 48 months, depending on the amount you chose to borrow. Here we try to explain all about a boiler loan and how one from Dot Dot Loans could help you out.

What is a boiler loan?

A boiler loan involves you borrowing money from a lender to help pay for repairs to your broken boiler or to buy a new one if it can't be fixed. You will borrow the amount you need and repay it plus interest over a set period of time, just like any other loan.

Using Dot Dot Loans for your boiler loan is easy. You can fill out our online application in minutes and get an initial decision straightaway. And once you've signed the loan agreement and we've made our final decision you could have your money within the hour.

Depending on the work that needs to be carried out, we have both short-term and long-term available. So, you should be able to find a solution to your faulty boiler.

What can boiler loans be used for?

A boiler loan can be used for anything related to your boiler, perhaps you need a new PCB or to replace the whole unit. You can use a boiler loan towards paying for it. The amount you'll need to borrow, will depend on the work that needs to be carried out.

Get in contact with a qualified heating engineer, as they'll be able to advise you on the problem and whether it can be fixed. They will also give you a quote for how much it'll cost, so you'll know how much you need to borrow.

Why should I choose Dot Dot Loans for my boiler loan?

If you're looking for a loan, it's important that you choose the right lender. Here are just some of the reasons to choose us:

  • We are fast: It will only take you a few minutes to apply for a Dot Dot loan. Once your application has been approved, you could have your money within an hour.
  • We are flexible: We have repayment terms of three to 48 months, depending on the amount you borrow.
  • We are honest: The total cost of your boiler loan will be agreed upfront, there's no hidden fees or charges.
  • We are FCA-approved: We're fully authorised and regulated by the Financial Conduct Authority (FCA), under reference number 713984.
  • We are responsible: We're a member of the Consumer Finance Association. We also carry out credit and affordability checks on every loan application to make sure we are lending responsibly.
  • We are recommended: Our customers have rated us as 'excellent' on the independent review website Trustpilot.

Our boiler loans are designed to be simple and straightforward, allowing you to get the money you need. And as we're a direct lender, not a broker you will deal with us from start to finish.

How do boiler loans work from Dot Dot Loans?

A boiler loan from Dot Dot works the same way as any other type of loan. Apply online and if you're approved, we'll transfer the money to your bank account. It's that simple.

Short-term boiler loans

Not all broken boilers need to be replaced, sometimes a new part may do the trick to get your heating and hot water back up and running. Our short-term boiler loans range from £200 to £1000, meaning you can borrow a small amount of money to get your boiler repaired. You won't be tied into a long-term agreement either, as our short-term loans have fixed repayment periods of three, six or nine months.

Long-term boiler loans

Our long-term boiler loans range from £1,500 to £4,000, with fixed monthly repayment terms of 18, 24, 36 or 48 months, depending on the amount you borrow. On average it costs between £1000 and £3500 to replace your existing boiler with a new one. Finding that sort of money quickly can be difficult, that's where a loan for a new boiler from Dot Dot Loans can help.

How do I apply for a boiler loan?

Start your application by using our short-term or long-term loan calculators to see what the cost of your loan will look like. Once you're happy with your chosen amount and repayment terms, select 'apply now' to start the loan application.

When you've submitted your application, we will carry out a credit check and affordability assessment. But that doesn't mean you need to have a perfect credit score. We'll look at your income and outgoings, and review your application based on your situation as a whole.

Our aim is to give you a quick initial decision so that you can get the money in your account as soon as possible. Short-term boiler loans can be with you on the same day. For a long-term boiler loan, we hope to approve your application and transfer the loan on the next working day.

If you have any questions about applying for a loan for a new boiler or a boiler repair loan, feel free to contact us or visit our FAQ section. We'll be happy to help.

Is a boiler loan right for me?

Before taking out any type of loan you should consider how it will impact your finances, especially if they are already stretched. You should consider the following questions:

  • How much do you need to borrow?
  • Can you afford the repayments?
  • Are you aware of the terms and conditions, including the interest rates?

If you're struggling with money worries, you can get in contact with the following organisations who offer free and independent financial advice:

Am I eligible for a boiler loan?

We want our boiler loans to be available to as many people as possible. You can apply if:

  • You're aged 18 or over for a short-term loan, or aged 21 or over for a long-term loan
  • You live in the UK and can give us address details
  • You've got a job
  • You have an email address and mobile phone number
  • You can provide bank account and debit card details

As we are a responsible lender, all applications are properly assessed before making a lending decision. We'll consider your credit history as well as how affordable the repayments will be when considering your application.

What about bad credit boiler loans?

If your score is less than ideal, there's no need to worry – bad credit boiler loans are an option with Dot Dot Loans.

Our loans are for people looking to borrow money that may not be able to from other lenders. After all, we don't think a bad credit history should hold you back.

As we are a responsible lender, we will still check your credit score, however it will be considered alongside other factors like your income and outgoings. This will help us make our lending decision.

How much can I borrow?

That depends on whether you have chosen a short-term or long-term boiler loan.

  • Short-term boiler loans: £200 to £1,000 repayable over three, six or nine months.
  • Long-term boiler loans: £1,500 to £4,000 repayable over 18, 24, 36 or 48 months.

How do the repayments work?

The size of your monthly repayments will depend on the amount of money you borrow. The repayments are fixed as well. For example, a short-term boiler repair loan of £250 will be repaid over three months and a £4000 long-term boiler loan will be repaid over 48 months.

You'll see how much the monthly repayments are on our loan calculators before you apply.

Repayments are then collected monthly, usually around the date you're paid, via Direct Debit. We do this automatically, so you don't have to remember to make them every month. You can keep track of your repayments through the customer portal.

If you ever miss a payment or are late making one on your boiler loan you won't be charged any extra fees. However, you should get in contact with us if you don't think you'll make a repayment, so we can try figure out an alternative solution.

Are there any fees I should be aware of?

We don't have any hidden fees or charges on our boiler loans. The amount you see when you apply will never change, not even for late or missed payments.

What's the interest rate on a boiler loan from Dot Dot Loans?

The interest rate on your loan for a new boiler will be fixed upfront and will depend on how much you borrow. A fixed interest rate means it won't change from month to month, allowing you to budget for your repayments a lot easier.

Boiler loans from Dot Dot Loans

Whether you need a loan for a new boiler or to help pay for repairs to your current one, Dot Dot Loans may be able to help. You can apply online in minutes and depending on how much you would like to borrow, have your money the same day or day after.

Our boiler loans are simple and straightforward. Plus, they're all unsecured, so you won't have to offer your property or other assets as security.

Still unsure about anything when it comes to our boiler loans? Our FAQs might already have the answer to your question. If not, just get in contact with us and we'll be happy to help.

Short term loan

Representative Example

Borrow £300 over 6 months with monthly repayment of £92.97. Total amount payable £557.82. Interest rate 237% p.a. (fixed). 757.7% APR Representative.

Long term loan

Representative Example

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.

Loans from £200 to £1000

Apply now

Representative 757.7% APR

Loans from £1500 to £4000

Apply now

Representative 99.9% APR

Short-term loans: 757.7% APR Representative Long-term loans: 99.9% APR Representative