MYJAR Loans

APR:
788% Representative
Loan amount:
£100 - £3600
Loan term:
3 Month to 12 Months
Loan type:
Short Term

MYJAR Loans provides short-term loan options to borrowers across the UK in quantities reaching up to £3,600.

Applications can be completed online and flexible repayment options are available, enabling borrowers to choose the conditions that suit their needs. MYJAR Loans consistently completes affordability checks to make sure that borrowers have a reasonable likelihood of being in a position to pay back the borrowed capital.

All finance charges are revealed upfront, promoting an awareness of transparency between MYJAR and possible borrowers. There are no prepayment penalties, which enables borrowers to repay the borrowed capital early so as to save almost any applicable interest charges.

To be able to qualify, prospective borrowers have to have a regular income and meet other credit standards. While people who have higher credit scores are more inclined to be accepted, those with low credit scores may also qualify. Borrowers don’t need to be homeowners to apply. Once accepted, funds could be transferred within 15 minutes, allowing for fast access for borrowers coping with emergency situations.

MYJAR Loans Criteria

Age Requirement
18
Debit Card
Yes
Credit Checks
Yes
Other Requirements
See Website
Same Day Transfer Available
Yes
Loan Value Available
£100 - £3600
Representative APR
788%
Loan Length
3 Month to 12 Months
FCA Registration Number
673214
Loan Example
Borrow £500 for 6 months. Annual interest rate 238% (variable) 1 instalment of £142.10 & 5 equal instalments of £142.42 Total amount to repay £854.20 Representative 788% APR

MYJAR Loans Review

MYJAR Loans supplies a variety of loan options to aid borrowers with short-term cash flow issues. Applications can be completed online, 24 hours a day, 7 days a week, which makes it an perfect alternative for anyone experiencing a financial emergency during evening or weekends. Money could be available in 15 minutes, with all the money deposited to some selected bank account.

All finance charges are revealed upfront, which provides the borrower with access to some repayment schedule information in advance of the loan being financed. Additionally, qualified borrowers might have the ability to select from multiple loan options so as to decide on the conditions that are most appropriate for their personal conditions.

Returning borrowers can get the advantage of larger loan amounts, longer repayment periods, and lower finance charges. Continuous payment authority makes sure you won’t ever skip a payment, and a reminder will likely be sent before your chosen repayment date.

MYJAR Loans supplies a complete variety of communication options such as email, live chat, telephone, and SMS text, enabling borrowers to select the method that is most suitable for them. Application information can stay on file, enabling returning borrowers to make updates to their own existing application rather than requiring an entirely new application.

Customer Review:

MyJar
User Rating: 5.0 (1 votes)
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Company Pros...

  • Multiple loan options available
  • Funds transferred within 15 minutes of approval
  • Online account access

Watch out for...

  • You must have a mobile phone to send and receive an SMS
  • £15 fee will be charged 3 days after your 1st missed repayment