Frequently Asked Questions
from Direct Online Loans

Frequently asked questions ( FAQ ) page
for Direct Online Loans

Welcome to the Direct Online Loans frequently asked questions ( faq ) page. Listed below is a selection of our customers frequently asked questions. Feel free to click on any of the frequently asked questions of interest in order to obtain the answer. Why not also check out the following pages for more in formation: About Us, Contact Us, Credit Score Calculator, Glossary of Loan Terms, Privacy Policy, Articles, Links, Loan Definitions, Loan Calculator, Disclosure Policy, Disclaimer and Terms and Conditions.

Frequently Asked Questions:

1. Q: How much can I borrow?
   
   
   1. A: When you take out a secured loan through Direct Online Loans, you can borrow anywhere from £7,500 to £100,000, subject to status.
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2. Q: Over what period can I repay loans?
   
   
   1. A: The money that you borrow can be repaid over 5 to 25 years, depending upon the specific terms of your loan.
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3. Q: How long do loan applications generally take for processing?
   
   
   1. A: After your application has been received, most principal decisions can be reached on the same day. It may take up to 14 days or longer for your loan to be completed however, depending on your circumstances.
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4. Q: Can I apply for a loan if I have been refused elsewhere?
   
   
   1. A: Yes, you can. Direct Online Loans is an independent broker, and we work with a number of different lenders in order to help you find the loan that's right for you. Just because you've been turned down for a loan elsewhere doesn't mean that we won't be able to help you locate a lender who's willing to make you an offer.
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5. Q: Can I apply for a loan if I have no equity in my house?
   
   
   1. A: Yes. Loans can be had for up to 125% of your home's current value, minus any remaining mortgage balance.
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6. Q: Can I repay my loan early?
   
   
   1. A: You can pay the money that you borrow back at any time. Any specific clauses concerning early repayment will be covered in your final loan agreement.
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7. Q: Why are applicants required to be home owners?
   
   
   1. A: Applicants for secured loans must be home owners, so that the equity within the property provides collateral against the loan.
      
      The amount you can borrow will depend on the following:
      1) Your house value and the amount of mortgage you have already.
      2) Your current outgoings including existing credit.
      3) Your household's income.
      4) Any adverse credit information registered on your credit file.
      
      These factors will determine the rate of interest that can be offered.
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8. Q: Where can I get more information about loans?
   
   
   1. A: Click here Articles to read more information about different types of loans and other financial topics.
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9. Q: How do I apply for a loan?
   
   
   1. A: Simply, complete the online Loan Application Form on this page for a quick in principle decision.
      Any final loan agreements or offers will be presented after the principal decision has been made and our lenders have had a chance to review your information in further detail.
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10. Q: How best to contact your office?
    
    
    1. A: The best way to contact us is to use the details on the Contact Us page.
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Trust that you found the above frequently asked questions useful.