Payday loans from £100 to £5,000

To qualify for a UK payday loan, you must meet the following requirements:

• Be at least 18 years old.
• Reside in the UK.
• Have a regular income (e.g., from employment or benefits).
• Have a valid UK bank account to receive funds and make repayments.
• Able to provide contact details like a phone number and email address.

Payday loans are often accessible to people with poor credit histories, but lenders will assess affordability before approval.

However, you might be denied if you don’t have proof of income, have a lot of outstanding debts, or fail to meet the eligibility criteria.

Payday loans are for short term financial needs and come with higher interest rates than traditional loans.

Before applying, consider if you are able to repay on time and consider alternatives like credit union loans or borrowing from family.

Dot Dot Loans will carry out a soft credit check to assess your eligibility.

A soft credit check won’t affect your credit score and helps us match you with a suitable lender based on the details you provide.

If you choose to proceed with a loan, the lender will run a hard credit check as part of their approval process.

This will be recorded on your credit file and could impact your credit score.

We believe in being upfront, so you’ll always know what to expect before moving forward.

At Dot Dot Loans, we can help facilitate loans ranging from £100 to £5,000, giving you flexibility to meet your financial needs.

The amount you can borrow depends on your individual circumstances, including your income, expenses, and creditworthiness.

Repayment terms vary between 1 and 36 months, allowing you to choose a schedule that works best for your budget.

Smaller loans, such as £100, may have shorter repayment periods, while larger amounts, like £5,000, often come with longer terms to make monthly repayments more manageable.

Our service ensures you’re matched with a suitable lender based on your specific requirements.

Once matched, the lender will assess your application to confirm the loan amount and terms.

Before borrowing, it’s important to ensure the loan is affordable and fits within your financial plan.

We encourage responsible borrowing and provide clear guidance to help you make informed decisions.

Yes, people with a bad credit score could still be eligible for a payday loan.

Payday loans are designed to provide quick access to cash, especially in an emergency, and many lenders are willing to consider applicants with poor or limited credit histories.

While traditional loans may require a strong credit rating, payday lenders typically focus on your ability to repay the loan.

Factors such as your income, expenses, and employment status are key considerations.

However, having a bad credit score might mean you’ll face higher interest rates or stricter terms, as lenders view these loans as higher risk.

It’s essential to assess whether the loan is affordable and ensure you can meet repayment deadlines to avoid further financial difficulties.

If a payday loan isn’t the right fit, consider alternatives like credit unions or budgeting loans.

Always borrow responsibly and explore all options before committing to avoid worsening your financial situation.

Dot Dot Loans don’t charge any fees for our service directly. We usually get a fee for the introduction of a customer to a lender.

Our role is to match you with a suitable lender from our panel at no cost to you.

However, the lender you choose may have fees associated with the loan they offer you.

These could include interest charges or late payment fees if you miss a repayment.

All the costs will be outlined in the loan agreement, make sure to read them carefully before you commit.

It’s important to carefully review the terms and conditions provided by the lender to understand all potential charges and avoid unexpected costs.

When you apply for a payday loan, the impact on your credit score depends on the type of credit check that’s performed.

At Dot Dot Loans, we conduct only a soft credit search during the matching process (getting a quote). A soft credit search won’t negatively affect your credit score and is not visible to other lenders, only to you.

However, if you proceed with a loan application through a lender (accept your quote), they will perform a hard credit check before approving your loan. This is recorded on your credit file and may temporarily lower your score.

Repaying the loan on time can help maintain or improve your credit rating.

The cost of a payday loan depends on the amount you need, the interest rate of the lender you borrow from, and how long you need the money for. Payday loans are typically short term, so interest is generally charged daily rather than monthly (with a 0.8% cap per day).

Lenders on our panel have interest rates ranging from 48.1% APR to 1721% APR. Our representative APR is 79.9%. This means 51% or more of people who successfully find a loan with Dot Dot Loans get a loan with an APR of 79.9%.

At Dot Dot Loans, we show you a clear breakdown of all costs upfront before you decide to go ahead. There are no hidden fees with us, and you’ll always know the total amount repayable in advance of being able to proceed with your application.

Payday loan interest is capped by the Financial Conduct Authority (FCA). This means:

• You will never pay more than 0.8% interest per day

• Total repayment (including interest and fees) is capped at 100% of the loan

• A maximum default fee of £15 can be charged if you miss a payment

You should always check the representative APR and ensure you can afford to repay the loan before applying. If you’re not sure, consider speaking to a regulated debt advice service before borrowing.

At Dot Dot Loans, we aim to make the process as quick and straightforward as possible.

Once your application is submitted and approved by a lender, you could receive the funds within minutes to a few hours but this isn’t guaranteed. The exact timing depends on each individual lender’s processes and your bank’s policies.

Most of the payday lenders we work with offer same-day transfers, especially for applications completed during business hours. If your application is approved late in the day or over the weekend, you might be the loan despoiled the next working day.

To ensure speedy processing, make sure all the information you provide is accurate and complete. While we work to match you with a lender promptly, any delays in verifying your details or bank account could extend the process.

Our goal is to ensure you receive the funds you need as quickly as possible while adhering to secure and reliable transfer methods.

Dot Dot Loans are based in the United Kingdom and offer a 24/7 online service nationwide. You can apply for a loan on our website from anywhere in the UK at any time.