Personal Loans

Every now and again you may need a little extra help to pay for those unexpected bills or to make important larger expenses. If this sounds like you, our personal loans might be the answer.

You can apply online to borrow between £200 and £4000 from Dot Dot Loans. With repayment periods of 3 to 48 months, depending on how much you choose to borrow. There's no complicated application form and you don't even need to leave your own home. Read on to find out how our online personal loans work and whether one could be right for you.

What are personal loans?

Personal loans can be a straightforward way to get the money that you need. You will borrow a set amount of money and repay it, plus interest, in regular instalments over the time frame agreed with your lender. For a short-term personal loan, this could be several months up to one year. With a long-term personal loan, the repayments will usually be spread over a few years.

You generally don't need to secure the loan against anything that you own, your application will be supported by your financial situation. That's why personal loans are often referred to as unsecured or instalment loans.

With a personal loan from Dot Dot Loans, you could apply online in minutes and depending on how much you want to borrow have the money in your bank account the same day.

What can I use a personal loan for?

Whilst money from a mortgage must be used to pay for a house and money from car finance has be used to purchase a car, a personal loan has a huge level of flexibility. They can be used for a variety of purposes.

Perhaps you've been hit with an unexpected bill or several have arrived at once. Research shows the majority of people take out short-term cash loans because of an unexpected increase in expenses or outgoings. In that case, our short-term personal loans can help you to cover things like:

• Car repairs, services and MOTs.
• Home maintenance bills, such as repairs to boilers, dishwashers, fridges etc.
• Sudden costs including insurance premiums or medical bills.

Whereas a long-term personal loan could be used to help pay for more expensive purchases or life events. This could include:

• Purchasing a more reliable vehicle.
• Bringing your home improvement plans to life.
• Paying for the wedding of your dreams.

Whatever your reasons for needing to borrow money, an online personal loan from Dot Dot Loans might be able to help.

How do personal loans from Dot Dot Loans work?

With a personal loan from Dot Dot Loans you don't need to find a guarantor or offer your home or other valuables as security for your loan. Our short-term and long-term calculators will show you an illustrative breakdown of the costs for each of our loans. These costs will never increase either as we don't believe in charging extra for late or missed payments.

If you choose to apply for one of our online personal loans, you'll get a quick initial decision which won't impact your credit file. We will only carry out a 'hard' credit search, which will leave a mark on your credit file which other lenders can see, if we make you a loan offer and you accept this.

Our short-term personal loans range from £200 to £1000, with fixed repayment terms of between 3 and 9 months and our long-term personal loans start at £1500 ranging to £4000 spread over 18 to 48 months.

If we approve your application before 10pm, we'll send your loan in full within the hour. After this time, you'll receive your money at 9am the next day. It's that simple.

Do you offer personal loans for bad credit?

If you have bad credit or a less than perfect credit history, you may be able to get a personal loan from Dot Dot Loans.

As a responsible lender we carry out a credit and affordability checks on every applicant, to try make sure your loan is affordable. We will check your income and outgoings, to see if the repayments will be manageable.

So, if you're looking for a personal loan for bad credit, don't panic a poor credit score won't automatically rule you out.

Why choose Dot Dot Loans?

Applying for a loan isn't a financial commitment that should be taken lightly. There are plenty of personal instalment lenders offering loans, so it's important you find the right one for you.

Here are five reasons to feel confident about applying for one of our personal instalment loans:

• We're approachable: Dot Dot Loans is a direct lender rather than a broker, so you'll always know who you're dealing with
• We're quick: You can apply online in minutes and depending on how much you want to borrow; you could have your loan the same day.
• We're flexible: Whether you want a short or long-term repayment period - you can choose from 3 to 48 months.
• We're transparent: There's no extra fees or charges. The amount we agree on upfront will never increase.
• We're fair: You can repay your loan early and there'll be no additional costs. You may even be entitled to some back.

Don't just take our word for it though. We have been rated as 'excellent' by our customers on the independent review website Trustpilot.

How do I know if I'm eligible for a personal loan?

You can apply for one of our personal loans today if:

• You're over 18 years of age 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 and phone number
• You can give us bank account and debit card details

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

How much can I borrow?

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

• Short-term personal loans: £200 to £1,000 repayable over 3, 6 or 9 months
• Long-term personal loans: £1,500 to £4,000 repayable over 18, 24, 36 or 48 months

How do the repayments work?

Our repayment periods will depend on how much you borrow. For example, a £500 loan can be paid over a 6 month repayment period, while a £4000 loan can be repaid over 48 months. You can use our loan calculators to see what repayment periods are available with each loan.

We collect repayments automatically each month on the agreed date by Direct Debit, to save you having to contact us to pay. You can keep track of your repayments through the customer portal.

If your circumstances change and you think you may fall behind or miss a payment, please get in touch with us. Our team will walk you through your options and try to come up with an alternative plan.

We will never charge you for late or missed payments, however they could affect your credit score making it harder for you to gain credit in the future. So please contact us as soon as possible.

Are there any extra fees to worry about?

We never charge any extra fees or charges on our personal instalment loans. Some lenders may add charges on for missed payments or repaying your loan early, but we don't think it should be that way.

The cost of your online personal loan will be agreed up front and will never increase.

What's the interest rate?

The interest rate on your personal loan from Dot Dot Loans will be fixed upfront and will vary depending on how much you choose to borrow.

Some lenders may offer variable-interest rates where the interest rate can change each month, making it harder for you to budget for your loan but we don't.

Apply for our personal loans today

Whether you are looking for a £4000 personal loan, £500 personal loan or any other amount, Dot Dot Loans might be able to help you out.

To get started with your personal loan application use our loan calculators. Adjust the loan amount to see how much the repayments should cost and how long they will last. Once you've found the best personal loan for you, select 'Apply now'. You will be taken to our personal loan application form to fill in your details.

If you have any questions, head to our FAQs or contact our friendly team.

Apply now