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Wonga Loans Alternative

When Wonga stopped offering loans in 2018, many borrowers started looking for alternatives that offer fairer terms and flexible repayment options. Dot Dot Loans provides a trustworthy option, with loans ranging from £100 to £5,000 through its lending panel.

How much would you like to borrow?
Representative 79.9% APR Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%.

What Makes Dot Dot Loans a Reliable Alternative?

Dot Dot Loans offers short-term and instalment loans, providing flexibility and clear terms to borrowers.

Flexible Loan Amounts

Dot Dot Loans allows you to borrow from £100 to £5,000, catering to different financial needs. Whether you need a small sum to cover unexpected expenses or a larger amount for significant costs, you can find an option that suits your situation.

Clear Repayment Terms

Loans from Dot Dot Loans can be repaid over manageable instalments, helping you spread the cost over time. Unlike traditional payday loans, which often require full repayment by your next payday, this approach reduces financial strain.

Transparent Costs

Dot Dot Loans ensures all costs are clear from the beginning. You will know exactly how much you need to repay, with no hidden fees or surprise charges.

Applying for a Loan

The application process is straightforward and entirely online. You’ll need to provide basic details about your financial situation to determine affordability. Dot Dot Loans conducts credit and affordability checks to ensure responsible lending.

Alternatives to Wonga Loans

Dot Dot Loans is just one of many alternatives to Wonga loans. Other options include credit unions, overdraft facilities, or other regulated short-term loan providers. Each has its own benefits, but Dot Dot Loans focuses on simplicity, transparency, and flexibility.

Frequently Asked Questions

What is the loan amount range offered by Dot Dot Loans?

Dot Dot Loans provides loans ranging from £100 to £5,000. The exact amount you can borrow depends on your financial circumstances and the outcome of affordability checks.

How long do I have to repay a Dot Dot Loan?

Repayment terms vary based on the loan amount. Smaller loans may be repaid over shorter periods, while larger sums can be repaid over several months. The repayment schedule is clear and agreed upon upfront.

Will applying for a loan affect my credit score?

Dot Dot Loans performs a credit check as part of the application process. While this may leave a mark on your credit file, responsible repayment can help improve your credit score over time.

Are there any hidden fees or charges?

No, Dot Dot Loans ensures complete transparency. All costs are outlined at the start of the agreement, so you know exactly what you’ll repay.