MyJar

MyJar have scored an overall satisfaction level of 4.6 / 5 stars based on 109 reviews and is a readies® A rated lender.

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Company Information

  • Company Name:
    MyJar
  • Website Address:
    https://myjar.com/
  • FCA IP:
    658236
  • Business address:
    Acre House, 11 - 15 William Road, London, NW1 3ER
  • Phone number:
    020 3006 2000

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.

109 Reviews of MyJar have been submitted - read the latest 3 below

It's not that easy to get a small loan from my bank as they seem to prefer lending much larger sums of money with more profit to be made by them for the same effort it would take them to give me a smaller loan. So finding a great instalment loan company like MyJar has solved that problem for me and this is the second instalment loan I have had from MyJar which means I was very happy with the last one. There are quite a few instalment loan companies to choose from and so I wouldn't go back to MyJar if they weren't really good. I think you have to take into account more than just low interest rates, the loans have to be convenient for you also. A fast online loan application process is a must as far as I am concerned because I don't always have the time to wait around for the approval to come through and the quicker they can get the money to me the better. MyJar can usually get the funds to me in less than an hour which is brilliant. I don't need to bother with my bank for these loans which is another great result.

Review posted by Mathew Baker, St. Albans

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

With a MyJar instalment loan I can afford to borrow 3 times as much as I could with a payday loan and even though I will still use payday loans for the occasional loan to tied me over until the end of the month, when I need a bigger loan like this one to pay for a holiday I am always going to use instalment loans and probably MyJar for as long as they are still offering great interest rates with a quick and easy application process. It isn't too important that I get my money in 15 minutes because I will always plan ahead with an instalment loan but I just might need one of these loans in an emergency one day, so its good to know I can get the funds that quickly. I would definitely recommend MyJar because I think they are a very good all round lender.

Review posted by Sacha Jennings, Chorley

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I've used MyJar for a couple of instalment loans before and this 3rd one is for a larger amount because with the previous loans I was testing the water so to speak to make sure this type of loan was going to work for me and I am glad to say so far it has. I'd been using payday loans but they weren't ideal because I was limited to fairly small sums of money so that I wouldn't have a problem making the repayment but after a while I gave up on them and tried the instalment loan option instead after a friend suggested them to me. I chose MyJar because their loans are just as easy to apply for as a payday loan but their limit is far more than I could ever get with a payday loan. Since I've been using MyJar instalment loans I would probably have had to take half a dozen payday loans in that same period which would have worked out more expensive and been less convenient. For me it is now an easy choice to go with instalment loans from MyJar and ditch the payday loans for good.

Review posted by K. Lewis, Hornchurch

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money