How it works

Got an emergency and need some quick cash to tide you over until payday? Well don’t worry, because iDosh is here to help. It’s really simple and convenient to apply for an iDosh loan, but before you get started, make sure you meet our basic criteria. You can apply if you:

• Are aged 18 years old or over
• Are a resident in the UK
• Have a UK bank account with a valid debit card associated with it
• Receive your salary into the above bank account on a regular basis
• Full time employed
• Have a steady income with a take home pay of not less than £850 a month

If this sounds like you, then you can apply for a short-term cash advance from iDosh. Our online application form takes a few minutes to fill out, and we’ll carry out a super-fast credit check.

We usually make an instant decision on applications, but if your application isn’t instantly approved then we will contact you, and in rare cases you may need to fax us some additional information. If your application is approved, we can transfer the cash into your account on the same day. †

When it comes to repaying your loan, we’ll take the payment directly from your debit card on the agreed date, so all you have to do is make sure the funds are available in your account.

How much can I borrow?

Short-term online loans from iDosh don’t require you to lay down any assets as security, and are for small, manageable amounts to help you deal with urgent expenses.

• You can borrow money for a minimum of 8 days and a maximum of 37 days
• You can borrow up to £400 on your first loan
• The minimum amount you can borrow is £100
• If you decide to use our service again, and develop a good history of repaying your loans on time, you may qualify to borrow up to £1000 (subject to assessment)

What are the costs?

iDosh loans have no hidden fees or charges, so you will know exactly how much you’ll be paying for your loan before you apply.

• We charge a standard, fixed rate of £30 per £100 borrowed
• If you want us to pay the money into your account on the same day, we charge an optional £5.50 transmission fee. This fee is deducted from your loan amount, so if you borrow £100, we will deduct the £5.50 from your loan amount and pay £94.50 into your account 

We’re completely transparent

Responsible lending is important to us, which is why we’re completely up-front about the cost of our loans. An iDosh loan for £100 for 30 days will cost you £130, which has a representative Annual Percentage Rate (APR) of 2334.0%.

The APR may look worryingly high, but it’s important to remember that APR indicates interest over a year. iDosh loans are for between 8 days and 37 days – not an entire year – so the high APR can be quite distorting.

We let you know exactly how much you will be repaying on your loan (including the optional transmission fee for same day payment) before you make a commitment, so you can judge whether an iDosh loan is right for you.

Extending your loan

Life can be unpredictable, and although it’s important to us that our customers pay us back on time, we do understand that sometimes circumstances can change quickly. If you think you won’t be able to repay your loan on time, don’t panic – just call us before the due date.

We may be able to extend your loan and offer you an alternative repayment date, but this is subject to additional assessment and is at our discretion. If we are able to extend your loan, then we will ask you to pay back the interest for your loan period, as well as a small part of the loan.

Missed payments 

If you fail to keep up your end of the loan agreement, and we can’t take the funds from your bank account on the agreed date (and we cannot get in contact with you to arrange an alternative repayment date), then we will charge you a missed payment fee of £20.

We like to build good relationships with our customers, and we encourage people to borrow responsibly – so you should only apply for a loan with iDosh if you’re certain that you can repay it comfortably and on time.

If you’re having difficulty paying back your loan or need to request an extension, you can get in touch with a member of our team via email at help@idosh.com or call us on 0845 124 5357