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Pay monthly loans

Sometimes an unexpected bill can come out of nowhere, putting you in a difficult spot with your finances. Other times you may need a little extra to help pay for that project you are planning. Whatever the reason a pay monthly loan could make a huge difference.

Our pay monthly loans range from £100 to £1000 with fixed repayment terms of 3 to 9 months depending on the amount you wish to borrow. You don’t need to worry about having a bad credit history, you could still be eligible for a monthly instalment loan from Dot Dot Loans.

What are pay monthly loans?

A pay monthly loan is exactly what they sound like. You will borrow a sum of money and repay it, plus interest in monthly instalments. They are a type of personal loan, with the frequency of repayments in the title.

You can get short-term monthly instalment loans, it will just depend on what the individual lender offers. They are designed to be a helpful solution if you find yourself needing to borrow money.

Some lenders may require you to have a guarantor or to offer valuables such as your home as security, especially if you are looking to borrow a larger amount of money. But at Dot Dot Loans you don’t need to do either for one of our pay monthly loans.

What can pay monthly loans be used for?

If you’ve found yourself considering a loan as your wage or savings can’t cover the cost of something you’re not alone.

Maybe you’ve been hit by a large unexpected bill or several smaller ones have arrived mid-month. A short-term pay monthly loan from Dot Dot Loans can also help you cover:

  • Vehicle repairs, services and MOT’s.
  • Home maintenance costs, like fixing/replacing your boiler or washing machine.
  • Sudden medical or vet bills.

Whatever your reasons for seeking financial assistance, our pay monthly loans can prove a stress-free solution.

How do I apply for a pay monthly loan?

Our online loans with monthly payments are straightforward. Apply directly to us using our short-term loan calculator and if your application is approved; we’ll transfer the money straight to your bank account.

If you’re looking for a short-term pay monthly loan, you could borrow between £100 and £1000 with fixed repayment periods of 3, 6 or 9 months depending on the amount you choose to borrow.

For our short-term loans we hope to give you a decision on your application the same day. Approved loans are funded every hour 24/7.

Short term loan

Representative Example

Borrow £250 over 3 months with monthly repayment of £133.65 Total amount payable £400.95. Interest rate 284.76% p.a. (fixed). 1228.67% APR Representative.

Why choose Dot Dot Loans?

We know if you need a loan you don’t want to be met with complicated terms and hidden charges. That’s why we try and make our monthly instalment loans as simple as possible. Plus, we’re a direct lender not a broker, so you’ll always know who you’re dealing with.

Here are just some of the other reasons to choose Dot Dot Loans:

  • We’re transparent: We never charge late payment fees or extra interest. All the interest and charges on your loan are shown upfront, and these will never increase.
  • We’re flexible: Borrow between £100 and £1000 with fixed repayment terms of 3, 6 or 9 months, depending on how much you borrow.
  • We’re fair: You can pay off your loan early at no extra cost.
  • We're responsible: Here at Dot Dot, we aim to practise responsible lending. This means that we will always conduct an affordability check as part of your loan application, which not only helps us but benefits you as it provides reassurance that you will be able to manage your loan.
  • We’re highly rated: On the independent review site Trustpilot we’ve been rated as ‘excellent’ by our customers.

We also have a UK based Customer Services Team who will be happy to help you with any queries you may have before or during your loan.

How do I know a pay monthly loan is right for me?

Before you decide on a loan make sure you're in a position to comfortably pay it off.

Pay monthly loans can make the process easier to manage, but you should always be able to afford regular repayments, alongside life's essentials.

If you’re already struggling with debt, taking out another loan won’t make the situation any easier. You can always get free and impartial advice from the following organisations: National Debtline, StepChange and the MoneyHelper.

Can I get a pay monthly loan with bad credit?

We know that having a poor credit history isn’t always the full picture. That’s why we consider several factors before making our lending decision. We will carry out an affordability check as well as a credit check so we can see if the repayments on your chosen loan are affordable. So even if your credit score isn’t perfect, you could still be eligible for a pay monthly loan with bad credit.

How do I qualify for a monthly instalment loan from Dot Dot Loans?

We want to make our online loans with monthly payments accessible to as many people as possible. You will be eligible if:

  • You’re over 18 for a short-term loan
  • You live in the UK and can provide an address
  • You have a job
  • You can give us a phone number and email address
  • You can give us your bank and debit card details

We’ll also look at your credit history and finances before making our decision.

How much can I borrow?

We offer short-term boiler loans of £100 to £1,000 repayable over three, six or nine months.

How do the repayments work?

Your repayment amount will depend on how much you borrow as they are fixed. For example, a £100 pay monthly loans has a repayment period of 3 months and a £1000 pay monthly loan has a repayment period of 9 months.

We will collect the repayments each month on the dates we agreed during your application. This is done by Direct Debit to avoid you having to manually make them each month. You can keep track of your repayments through the Customer Portal.

If you’re ever worried about missing a payment or falling behind with them, please get in touch with us as soon as possible. We will try to come up with an alternative payment plan that works for you. You won’t face any charges but missed payments could affect your credit score, making it harder to borrow in the future.

Are there any fees to be aware of?

Nope. Our online loans with monthly payments have no additional fees attached to them. We include all our fees when you apply, and these will never change even if you miss a payment.

What's the interest rate on Dot Dot's pay monthly loans?

The interest rate on your pay monthly loan will vary depending on how much you choose to borrow. It will be fixed up front though and won’t change for the duration of your loan.

Apply for a pay monthly loan with Dot Dot Loans

Whatever you need a pay monthly loan for, Dot Dot Loans might be able to help you out. Use either of our loan calculators to get started with your application. You will be able to see an illustrative breakdown of the costs of our loans including the monthly repayments and APR.

Once you’ve found a loan that works for you, press the ‘Apply now’ button to continue to our online application form. Fill in your details and press submit. Give it a couple of minutes and you will be told if you’ve been initially accepted. We will then be in touch to discuss the next steps.

Still unsure about anything when it comes to our pay monthly 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.

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Our customers rated our service as excellent

Approved loans are funded every hour 24/7 No hidden fees or costs Less than perfect credit accepted UK based Customer Service Team

Short-term loans: 1228.67% APR Representative