WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk
WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk

Who are MyJar?

MyJar are a lender based near Southend-On-Sea, and have been lending since 2016. They offer short term loans of up to 12 months, and longer term ones of up to 24 months.

How much can I borrow from them?

MyJar offer short term loans of between £100 and £3,600, and longer term ones of up to £7,200, subject to eligibility. Existing customers may be able to borrow more on subsequent applications.

How long can I take to repay a loan?

You’ve got between three and twelve months to pay back your short term loan, or up to 24 months for a longer term loan.

How do I apply for a loan with MyJar?

All applications are made online, there is no phone number you can call to apply via telephone. You’ll need all the usual details: name, address, telephone number, and information to determine affordability (number of dependants, monthly outgoings, etc.)

Once you have filled in the online application, they will perform a credit check and advise you whether they are willing to offer you a loan or not. If you are tired of filling in application forms with lots of lenders, only to be rejected, try our service – we’ll search dozens of lenders in one application. Click here for more information.

What would monthly repayments look like?

A representative APR of 788% on a £500 loan over six months (fixed 238.0% p.a) would cost you £854.20 in total. First instalment of £142.10 and five further equal instalments of £142.42.

Am I credit checked when I apply with MyJar?

Yes. They will perform credit checks to determine suitability for one of their loans.

What penalties or fees are there for late repayment?

If you are more than 3 days late in repaying one of your instalments, you will be charged £15.00 as a late penalty fee.

Can I repay my loan early?

Yes you can. Repaying early does not come with any penalty, and will reduce the interest and therefore, the total amount repayable. Repaying early is a smart way to reduce the overall cost of a loan.

Are there any online reviews of MyJar that I can read?

Yes! They have a Trustpilot score of 9.1 out of 10 as of July 2018.

What’s their FCA registration information.

Their company’s FCA Registration Number is 673214.

Why choose Loanline instead?

Loanline are broker and not a lender. Instead of filling in lots of application forms with multiple lenders, we ask you to fill in just one form with us, and we’ll help you find a lender that will lend to you, free of charge! Sound good? Head over to our application form and get started today!

How do I contact MyJar?

For customer service, call 0203 006 2000, or email info@myjar.com.

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