Dot Dot Loans | Reviews

Dot Dot Loans

About Dot Dot Loans

Dot Dot Loans has been one of the biggest success stories of the past few years in subprime lending. Throughout the pandemic they have been building up a sizeable customer base. This was during the time that Satsuma put a pause on lending and so it appears that they have swiped a lot of Satsuma’s business. This has been interesting to see as there has been a fierce rivalry between the controlling groups (Morses & Provident) for a long time. Dot’s launch went ahead back in March 2017. This was composed as the online instalment equivalent of Morses Club (similar to Provident/Satsuma). The brand however was built on the foundations of Shelby Finance and WageDayAdvance.

Morses Club Plc has certainly been very savvy with their acquisitions and is now collectively serving more than 205,000 customers. Dot’s instalment product is highly flexible granting between £100 and £1000 across 3, 6 or 9 months to first time borrowers. Existing customers can access between £1500 and £5000 up to 48 months. There is a 21+ age requirement for this larger loan. The overall flexibility here is great, but it’s strange that they have opted to skip on 12 months. Pricing on £300 instalments comes in at £155.46 (3m) and £288.06 (6m). These are quite average market rates. Whilst Monday to Saturday opening hours are in place, they do impressively fund loans hourly 24/7.

Company Details

Address: Building 1, The Phoenix Centre, 1 Colliers Way, Nottingham, NG8 6AT

Brand: Dot Dot Loans (aka: DotDotLoans, Shelby Finance)

Company: Shelby Finance Ltd (subsidiary of Morses Club Plc)

Contact (📧):

Contact (☎): 0333 240 6215

FCA Licence: 713984

Launched: 2017

Niche: Instalment, personal

Opening Hours: Mon/Fri (8am-7pm), Sat (9am-2pm)

Related Brands: Morses Club

Site Address:

Site Rank (Alexa UK): #574,863

Product Specs

Amounts Available: £100 to £1000 (£5000 on reloans)

Late Payment Fee: £0

Login Provided: Yes

Pricing: £155.46 /£300 (3m) & £288.06 /£300 (6m) & £1822.48 /£2000 (24m)

Repayment Terms: 3 to 48 months (3, 6, 9, 18, 24, 36 & 48)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 92% (1060+ count)

Rivals & Similar Lenders Like Dot Dot Loans

Satsuma has always been Dot’s key web rival. It will be interesting to see how this pair will compare on the traffic front once Satsuma gets back up and running. In the doorstep space, Morses has of course recently edged out Provident. As it stands, the only rival in the instalment sector with a higher Alexa ranking is SafetyNet. The likes of CashFloat, Drafty and QuidMarket have been trailing, but they have all been consistently competitive. A great value flexible alternative service would be Kabayan Finance who have a 1 to 12 month term range and they provide top 5 lowest sector rates. There is a 21+ requirement in place there.

Last Check @ May 4th, 2021

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