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Instant Loans

Sometimes our circumstances can change unexpectedly. When this happens, it’s important to carefully review your options. You may consider instant loans, but you’ll need more information before going forward.

Here at Dot Dot, our friendly and straightforward approach to getting the money you may need could improve your situation. Our short-term loan offerings may help, as well as this guide to UK instant loans.

What is an instant loan?

Instant loans are usually in the form of a short-term loan or payday loans which if approved, are deposited straight into your bank account.

You may not receive an instant loan straightaway, but they can offer a straightforward way of receiving funds if you pass your affordability check.

Instant loans can be a solution if you are met with an unexpected expense that needs dealing with urgently. Before taking out an instant loan, we recommend that you carefully review your circumstances first so that you are completely sure that it is right for you.

How fast are instant loans?

Sometimes people assume that instant loans are quick, however, the speed at which you receive money can be no different to other short-term loans.

UK instant loan applications are usually clear to follow. If you decide to apply for an instant loan, you will have to provide details such as a valid home address and contact information.

Another part of the application is affordability checks. You must pass these to receive instant loans, as it shows both you and the lender that the loan will be manageable. These checks can involve looking at your credit file.

Can I get an instant loan with bad credit?

Yes, there are instant loans for bad credit available. However, credit files vary from person to person, so the likelihood of being accepted for an instant loan ultimately depends on your affordability check.

Some lenders may increase the interest rate on instant loans for people with bad credit. Make sure that you are fully aware of the charges that may be added to your loan before you complete the application.

At Dot Dot, we want our customers to be able to manage their loans as best as possible, so we don’t add hidden fees to our loans.

Does Dot Dot Loans offer instant loans?

Sometimes unexpected costs can crop up, even catching some careful budgeters off guard. At Dot Dot Loans, we could help if you need a little extra funding to see you through. We don’t refer to any of our loans as instant loans. However, our loan applications do come with an instant decision. Here at Dot Dot, we offer a range of short-term loans starting from £100.

Our online application process was created to be clear and straightforward. With our loans, you can apply today for funds that if approved, could aid your circumstances. Dot Dot loans are funded every hour, 24/7.

Why should I choose a Dot Dot loan?

Here at Dot Dot, we enable you to choose a loan by time - meaning that you don’t have to repay it in full at the end of the month like you would with some instant loans, such as a payday loan.

If approved, this makes managing repayments much easier and helps you to only borrow what you really need. You can choose to repay your loan in instalments over 3, 6, or 9 months.

You can also manage your loan on the go from our secure online portal, which is accessible from any device.

Instant loan example

It’s normal to have money worries from time to time. Using a short-term lender like Dot Dot Loans could give you the help you may need. Here at Dot Dot, we offer a short-term loan that may suit your needs, at representative 824.7% APR. You can use our handy tool below to see how much it would cost to borrow the amount you need.

Short term loan

Representative Example

Borrow £250 over 6 months with monthly repayment of £81.41. Total amount payable £488.46. Interest rate 248.19% p.a. (fixed). 824.7% APR Representative.

What should I look out for with instant loans?

You may be wondering how to spot trustworthy instant loans. Below we’ve outlined some main things to look out for. In fact, this can apply to all UK loans, not just instant loans.

  • Cost of borrowing – One way of judging this is by looking at the representative APR. This may sound like a puzzling term, so we have created a handy guide which explains it. In short, the higher the APR, the more expensive it will be to borrow. Here at Dot Dot, our short-term loans start at representative 824.7% APR.
  • Responsible lending – Some lenders may offer high acceptance rates with no credit checks, which can result in you finding it harder to manage your loan. A responsible lender will always conduct affordability checks, which includes a credit check. They will also be completely transparent about aspects of your loan, such as how much it will cost. For peace of mind, you can learn more about responsible lending.
  • Hidden charges or fees – Some instant loans may come with nasty hidden charges, such as late repayment fees. These can crop up unexpectedly and can cause feelings of stress, which is why it’s important to find out as much as you can before completing a loan application. At Dot Dot Loans, we only charge the interest that we agree with you upfront. We will never charge late payment fees or other hidden costs. You can find out more about our charges.

Am I eligible for a Dot Dot loan?

To apply for one of our loans, you must:

  • Be over 18 years old
  • Have a valid UK home address
  • Have valid contact details, such as an e-mail address
  • Provide bank account and debit card details

Whilst we aim to provide a service to suit your needs, here at Dot Dot, we understand that our loans may not be right for everyone. We recommend looking at the guidance throughout our website before applying for a loan. You can also check out our blog for tips and tricks for managing your money. If you have any questions or queries, please don’t hesitate to contact us.

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Loans from £100 to £1000

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Representative 824.7% APR

Loans from £1500 to £5000

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Representative 79.4% APR

Short-term loans: 824.7% APR Representative Long-term loans: 79.4% APR Representative