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Online loans

Are you looking to borrow some extra money? Whether you're planning your future or dealing with an emergency, our online loans could be the answer. You can apply for between £200 and £4,000 with Dot Dot Loans from the comfort of your own home.

That means there's no need to go into your bank or fill out reams of paperwork. You'll see exactly how much your loan will cost before you apply, and we don't charge late payment fees. Read about the benefits of an online personal loan below, the different types available, and how to borrow money online with Dot Dot Loans.

Why might I need an online personal loan?

If you're thinking about applying for an online personal loan, you're not alone. The Bank of England reports there was as much as £1 billion borrowed in personal loans as of January 2020.

Some online loans are designed to help cover emergencies or unexpected increases in your outgoings. Think boiler breakdowns, car repairs or multiple bills coming around at once. Whatever the situation, getting an online loan could put you back on track as soon as possible.

People also use online personal loans for larger investments or life events. You could be planning home improvements or even saving up for your dream wedding.

What are the benefits of getting a loan online?

There's a lot to like about online loans. You don't need to visit a physical bank or store, and can easily apply from your smartphone, laptop or home computer. This convenience is particularly useful when you need cash fast.

But they're quick in other ways too. Most online loan applications take a matter of minutes to complete with a few personal details. You don't usually need to find a guarantor or offer assets like your home or car as security. If your application is accepted, you could receive your money soon after. We try to fund our short-term loans the same day and our long-term loans a day later, however this can depend on what time your application is approved.

And if you're concerned about your security, it's easy to see if an online lender is trustworthy. Lenders should provide their Financial Conduct Authority (FCA) registration number, which you can check on the FCA register. Ours is 713984 − being authorised means we're known to be committed to fair, safe and responsible lending.

What are the different types of online loans?

The three main types of personal loans you're likely to find online are payday loans, short-term loans, and long-term loans. The right one for you will depend on what you want to use it for and how much you want to borrow.

When disaster strikes, payday loans are small loans designed to tide you over until your next payday. They come with high interest rates and you'll be expected to repay in full as soon as you get paid. With late payment fees waiting if you can't, they're a risky option if you're not confident you'll be able to repay the full amount.

Short-term online loans can be more manageable as they allow you to spread the cost of your repayments in monthly instalments of up to one year. According to research from the Competition & Markets Authority (CMA), most people use short-term loans to cover emergencies or unexpected bills.

Long-term loans meanwhile are loans of higher amounts that you repay over a period of anywhere from 12 months to several years. They're ideal for larger investments or unexpected costs.

We offer short-term and long-term loans online − and we don't charge late payment fees on either.

How do Dot Dot's online loans work?

It's quick and easy to borrow money online with Dot Dot Loans. We won't ask you for a guarantor or security and you'll get an answer soon after you apply.

Simply choose how much you want to borrow using our short-term loan calculator or long-term loan calculator. We offer short-term loans of £200 to £1000, with fixed repayment terms of three, six or nine months. Our long-term loans range from £1,500 to £4,000, with fixed repayments spread over 18, 24, 36 or 48 months.

Our loan calculators will show you the total cost of your loan and how long you'll have to pay it back. Here you'll also see your APR and monthly repayment cost. We'll never add any nasty extras on top.

You'll get a decision based on factors like your credit history, income and outgoings. We carry out credit checks to try help us offer loans that our customers can realistically afford – but a bad credit score won't automatically rule you out.

If we say yes, we'll transfer your loan in full then collect repayments automatically. You'll be able to check everything through your online customer login.

Why choose Dot Dot Loans for an online personal loan?

YouGov research shows that two-thirds of Brits don't trust banks. But when searching online it's just as important to find a lender you can rely on.

Dot Dot Loans makes borrowing money online simple. We're a direct lender rather than a broker, which means you'll always know who you're dealing with. Here are just five of the reasons to apply for one of our online loans:

  • Fair: The amount we agree on up front is the amount you'll pay back. No surprises
  • Flexible: We don't charge penalty fees or added interest, and always try to be flexible
  • Fast: You can apply online in minutes and get a quick decision. We'll send your money soon after if it's a yes
  • FCA-approved: We follow FCA guidelines on responsible lending, and aim to offer loans our customers can realistically afford
  • 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.

Do I qualify?

You can apply for a Dot Dot online personal loan if:

  • You're aged over 18 for a short-term loan, or over 21 for a long-term loan
  • You live in the UK and can give address details
  • You're currently working
  • You've got a valid email address
  • You can give us bank account and debit card details

Like all responsible lenders, we have our own criteria to try help us offer loans our customers can afford. We'll carry out credit and affordability checks to make sure you can afford the amount you're applying for – but that doesn't mean we expect you to have a perfect credit score. We'll look at your income and outgoings too before giving you a decision on your loan application.

How much can I borrow?

You can apply for a short-term online loan of between £200 to £1,000. If you need a higher amount, we also offer long-term loans from £1,500 to £4,000.

How do repayments work?

We offer fixed repayment terms of three, six or nine months on our short-term loans, and 18, 24, 36 or 48 months on our long-term loans. Your repayment terms will depend on how much you want to borrow, as shown by the sliders on our loan calculators.

We'll collect your repayments automatically through Direct Debit to save you hassle. You can speak to our team if you need to change the date your repayments are taken.

We know that things can change. But if you think you might fall behind or miss a repayment, our team can talk you through your options and help create a new plan.

It's a good idea to let us know as soon as possible if you're struggling. We don't charge late payment fees − but missed payments can affect your credit score and make it harder to get credit in the future.

Are there any extra fees with Dot Dot online loans?

You'll never be at risk of extra fees. We'll agree all your costs up front, and they'll stay that way.

What's the interest rate?

Your interest rate will be fixed up front depending on how much you borrow. Our loan calculators will show you an example of what yours could be.

Some online loan lenders offer loans with variable interest, which means the amount you pay on top can go up and down each month. Fixed interest loans are easier to budget for as your repayments always stay the same.

How soon could I receive my loan?

We don't hang around. You could get your short-term loan the same day you're approved, or a long-term loan the day after.

Start your online loan application today

If you need money to take the pressure off or support your plans, we're here to help. Get started with our secure online application process by using our short-term or long-term loan calculators to see how much your ideal loan amount will cost.

If you're happy to go ahead, select 'Apply now' to continue to our simple application form. Once submitted, we'll get back to you as quickly as possible to let you know what's next.

It's important to feel confident in your financial decisions. You can head to our FAQs if you have more questions, or contact us.

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