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Small Loans

Sometimes managing your finances can be tricky. Bills may have ended up costing more than you planned for, or you might have been surprised with an unexpected financial outlay which has pushed you over your monthly budget.

Our small loans could help you tackle these costs and get your finances back on track. You could borrow between £200 and £1000 and repay the money over 3 to 9 months. Read on to find out how a small loan works from Dot Dot Loans.

What are small loans?

Small loans, often referred to as short-term loans are designed to be a quick and simple solution to help you out if you’re in a tight financial spot. They can get you back on your feet without needing to borrow a large amount of money.

As the name suggests, with a small loan you will borrow a smaller amount of money, usually up to £1000 and repay it in under 12 months. This means you won’t be tied to a long-term loan agreement lasting several years.

What can I use a small loan for?

There are several things you could use a small personal loan to help pay for, maybe you’ve had an unexpected leak, or you need the money to pay for an urgent bill. If the money in your bank account won’t stretch to cover these costs a small loan from Dot Dot Loans could help.

Here are some other reasons people get a small loan from us:

  • Vehicle repairs – If your vehicle breaks down or you have an expensive MOT bill, a small loan could help you get back on the road.
  • Home maintenance costs – Maybe your boiler or washing machine has broken down, you could use the money to help pay for repairs or buy a new one.
  • Unexpected expenses – You might have received an expensive vet bill or insurance premium. The money could be used to pay for them.

Life is unpredictable and we know dipping into savings to cover expenses isn’t always possible. Especially when statistics show we’re putting away less of our income than we used to. However, a small loan from Dot Dot Loans might be help you get back on track.

How do small loans from Dot Dot Loans work?

Our small short term loans start at £200 ranging up to £1000, with a fixed repayment term of 3, 6 or 9 months depending on the amount you choose to borrow.

You can apply online in minutes and receive a quick initial decision. If you are approved for a small loan, you could have the money in your bank account the same day as we transfer loans every hour, on the hour between 9am and 10pm.

With a small loan from Dot Dot Loans you don’t need to secure the money against your home or other valuables. You also don’t need a guarantor to co-sign for the loan alongside you.

To get started with your application, you can use our short-term loan calculator. Here you will see an illustrative example of all the costs associated with your little loan which would never increase.

Can I get a small loan with no credit checks?

No, as we are a responsible lender it’s not possible to get a small loan without a credit check from Dot Dot Loans. We carry them out to get to know a little bit more about your financial situation and how well you’ve managed credit in the past. However, even if you have a poor credit rating you may still be able to get a small same day loan from Dot Dot Loans.

Our initial credit search will be a ‘soft’ one. So, if you don’t pass this, we won’t leave a mark on your credit file for other lenders to see. We will only carry out a ‘hard’ search, which is visible to other lenders, if we make a loan offer to you and you accept it.

How do small short term loans affect your credit score?

Making your repayments on a small loan in full and on time each month may have a positive impact on your credit score. By making the agreed repayments it may even show other lenders you are able to manage your finances effectively and improve your chances of a loan in the future.

Do you offer small loans for bad credit?

At Dot Dot Loans we look beyond your credit history when making a lending decision, whereas other lenders may not offer small loans for bad credit.

We’ll carry out an affordability check where we’ll look at your income and outgoings to make sure the repayments each month are affordable on top of your other expenses. So, don’t be put off from applying if you have bad or poor credit, our lending decision won’t be solely based off this.

Why choose Dot Dot Loans?

If you find yourself needing a loan, it's important to choose a lender you can trust. At Dot Dot Loans we try to make borrowing money online simple and straightforward. Plus, we’re a small loans direct lender, which means you can apply directly to us and you won’t have to deal with anyone else.

Here are some of the other reasons to choose Dot Dot Loans for your small loan:

  • We’re quick: You can apply online in minutes for one of our small short-term loans and if your application is approved before 10pm have your money the same day.
  • We’re honest: The cost of your small loan will be agreed up front with no hidden costs or extra charges.
  • We’re fair: You can repay your loan in full at any time and it won’t cost you anything. You may even be entitled to a rebate of interest.
  • We’re flexible: Borrow between £200 and £1000 with fixed repayment terms of 3, 6 or 9 months.
  • We’re responsible: We’re a member of the Consumer Finance Association and we carry out credit and affordability checks to try make sure our small loans UK are suitable for you.
  • We’re recommended: Our customers have rated us as ‘excellent’, on the intendent review site Trustpilot.

You can also give our friendly, UK based Customer Services Team a call if you have any questions or queries regarding one of our small loans.

How do I know if I’m eligible for a small loan?

You can apply for one of our quick small loans today if:

  • You're over 18 years of age
  • 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. But don’t worry if you have a less than perfect credit history.

How do the repayments work?

Your repayment period will be determined by the amount you choose to borrow. For example, a small cash loan of £250 will be repaid over three months and a £1000 small cash loan will be repaid over 9 months.

We’ll agree your repayment dates up front, which will usually be around the date you’re paid. Repayments will then be taken automatically by Direct Debit to save you having to remember to make them each month. You can use our customer portal to keep track of your repayments and view your schedule.

If your circumstances change and you feel you won’t be able to make a payment, please get in touch with us straight away. Our friendly team will talk you through your options and try to come up with an alternative payment plan for you.

How much can I borrow with a small loan?

You can apply for a small loan between £200 and £1,000.

Are there any extra fees to worry about?

We never charge any extra interest, late payment fees or anything else on our loans. The cost of your quick small loan will be agreed up front and will never increase.

What's the interest rate on a little loan?

The interest rate on your little loan from Dot Dot Loans will be fixed upfront and will vary depending on how much you choose to borrow, which may not be the case with other lenders.

Get a small loan today

We’ve tried to make our loan process as simple as possible. Use our short-term loan calculator to get started. Here you will see a full breakdown of the costs of our loans, including the repayment terms and APR.

When you have found a small loan that suits your needs and budget, select ‘Apply now’ to be taken to our online application. Fill in your details and press submit. You should hear back from us shortly after with our decision.

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

Apply now

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

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Representative 99.9% APR

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