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Dot Dot Loans short-term loans review

Dot Dot Loans provides simple, flexible short-term loans of between £100 and £1250 that can be repaid in instalments over 3 to 12 months.

Dot Dot Loans is owned by Morses Club – one of the UK’s largest home-collected loan companies, that’s been around for over 130 years. Dot Dot Loans offers a fully-online service, and strives to be simple, fast and fair. You don’t necessarily need a perfect credit score to get a Dot Dot loan, but much like any other responsible short-term lender, your application will be subject to credit and affordability checks.

warning icon Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

warning icon Please note: High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing.

Key features of a Dot Dot loan

Unlike a traditional “payday” loan, which you’d pay back in one lump sum on your payday, a Dot Dot loan allows borrowers to spread repayment over a number of months. This makes for smaller, more manageable monthly repayments, but a more expensive loan overall.

  • New customers can borrow £100-£600. The amount you borrow will depend on your requirements, credit rating and affordability. Existing customers can apply for higher value loans of up to £1250.
  • Borrow over 3, 6 or 9 months. Existing customers can apply for longer loans of up to 12 months.
  • Fixed, high rates. Fixed rates mean that you’ll know in advance exactly how much your loan will cost you, but realistically this is an extremely expensive way to borrow money.
  • Quick quote. Dot Dot Loans will give you an initial decision in just a few minutes, telling you exactly what you will have to repay in total over the term you have requested.
  • Fast access to funds. If you apply between 8:30am and 4:30pm, Dot Dot Loans aims to have the money in your bank account within an hour.
  • Flexible repayment dates. Pay back your loan along with the accrued interest in monthly instalments to suit you, helping you to budget your outgoings.

How do Dot Dot loans hold up against the competition?

If you’ve been on the Dot Dot loans site and have estimated the cost of a loan, you’re probably going to want to shop around to see if you’re getting a good deal. You can use the table below to estimate the cost of the loan that you have in mind. We compare loans from a range of popular short-term lenders. Remember that each lender sets its own min/max loan amounts and terms, and its own eligibility requirements.

How much money do you need to borrow?


How long do you need to borrow over?


Name Product Available Amounts Monthly repayment Total payable
£50 to £800
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£300 to £800
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
£150 to £5,000
Representative Example: Borrow £350 for 6 months at a rate of 220% p.a. (fixed). Representative 651.4% APR and total payable £605.55 in 6 monthly payments of £100.93.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 259.33% p.a. (fixed). Representative APR 947% and total payable: £750.78 in 6 monthly payments of £125.13.
£50 to £1,000
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£300 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£50 to £200
Representative example: Borrow £80 for 29 days at a rate of 292% p.a. (fixed). Representative APR 1281.8% and total payable: £98.56, in 1 payment of £98.56.

Compare up to 4 providers

Important information:
You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
Moneyboat Short Term Loan
On Stride Personal Loan
Peachy Loan
QuickQuid Short Term Loan
QuidMarket Short Term Loan
Satsuma Short Term Loan
247Moneybox Payday Loan

Is high-cost, short-term borrowing a good idea?

Short-term loans offer a quick solution when you get into difficulty with your finances, but they are a very expensive method of borrowing. They should therefore only be considered as a last resort. Short-term loans are unlikely to solve your money problems in the long term, and are not a good idea for borrowing over longer periods, or for sustained borrowing.

Before you apply for a short-term loan, make sure you have considered other options carefully. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase then you could save yourself money in the long run. If you are struggling to pay a bill, then try talking to your electricity, gas, phone or water provider to see if you can work out a payment plan. Read more about alternatives to payday loans at moneyadviceservice.org.uk.

How does it work?

  1. Decide on the size of the loan you require and the number of instalments you wish to pay the money back in.
  2. Complete the simple application for, providing your personal, contact, employment and financial details.
  3. Dot Dot Loans will perform a credit check to determine if you are eligible for a loan and the size of that loan.
  4. Once approved, the money is usually credited to your bank account within an hour as long as you are applying within office hours.
  5. Dot Dot Loans uses a Continuous Payment Authority (CPA) to collect your repayments on the monthly instalment dates you have chosen.

What is a Continuous Payment Authority (CPA)?

With a CPA you give a company permission to withdraw money from your account on a regular basis.

CPAs differ from a direct debit because they give the company being paid the ability to withdraw money from your account whenever they wish, and to take payments of different amounts without consulting you. Most payday/short-term lenders will use a CPA to collect your repayments. You can cancel this at any point by either consulting with your loan provider or your bank.

What are the eligibility requirements?

Make sure you meet the following criteria before applying for a Dot Dot loan:

  • Over 18
  • UK resident
  • Minimum income of £14,400 per year
  • Not self-employed
  • Paid monthly
  • Hold a valid email address and mobile phone number
  • Able to provide your home address information for the last 3 years
  • Able to provide your debit card and bank account information

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

They additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Frequently Asked Questions

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*Disclaimer: The offers compared on this page are chosen from a range of products whose details Finder has access to track; they don't represent all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The terms "best", "top", "cheap" (and variations) are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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