MyJar is always around when you are looking for some financial relief for a short period of time. MyJar offers convenient and simple loans that are easy to apply for and pay off. Don’t worry about your financial situation. With the help of MyJar, you can overcome those financial obstacles that come up from time to time. Because we’re devoted to the financial health of our customers, we do everything we can to make sure that our clients have the loan that’s right for them and that will get them on the right track towards a balanced budget.
APPLICATION REQUIREMENTS:
MyJar loans are only offered to employed individuals who are making at least £400 per month. Borrowers also must have a bank account in which their loan funds can be deposited and from which their payments can be debited. It’s possible for individuals with low credit scores to be approved if they pass an affordability check by MyJar loans.
LOAN AMOUNT AND CHARGES:
The first time customers take out loans through MyJar, they can borrow up to £1,000. If borrowers decide to take out future additional loans from MyJar, they can borrow as much as £2,500. Interest rates on MyJar loans vary between 0.8% and 0.35% depending on the length of the loan.
PROCESS:
There are four steps to the process of applying for a loan with MyJar. First, applicants need to submit an application using our website. After submitting the application, applicants can wait until they receive a response regarding the loan options that they can take advantage of. They will get a detailed explanation of how their loan will work, including a payment schedule. If they decide to follow through, they can expect the funds from their MyJar instalment loan to appear in their account within only about 15 minutes.
PAYMENT:
Loans provided by MyJar are payed back according to the payment schedule that is agreed on before the loan funds are transferred to the borrower’s account. Payments are scheduled monthly, but borrowers can opt to make a single payment or pay off their entire loan early if possible. Payments are scheduled automatically using a continuous payment authority. This makes it easier for customers to avoid forgetting payments.