Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    JL Money Loans Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Choose Loan Amount

    Credit score not affected*

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    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 97% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    JL Money

    Company Number: 

    05224859

    Company Name:

    JL Money is a trading name of Jeremy Lawrence Limited.

    Date firm started up business:

    7 September 2004

    Type of Business: 
    64929 – Other credit granting not elsewhere classified

    JL Money offers the following:

    £1000 to £10,000 

     

    Loan term length:

    1 month to 24 months

    Head Office Address:Melbury House, 34 Southborough Road, Bromley, England, BR1 2EB

    FCA Status: Authorised

    Jeremy Lawrence Limited is regulated and authorised by the Financial Conduct Authority.

    Payout Time:

    Upon being approved for your loan with JL Money you will receive your money in 2 hours.

    JL Money Review

    JL Money pride themselves on being a loan company with a difference. They offer a variety of different loans to suit all types of financial circumstances with flexible repayment plans.

    The company was set up in 2004 and started out as a loan broker helping people to find the best lenders depending on their requirements. As they grew and became a more reputable company they converted into a direct lender and continued to offer their loyal customers fantastic services.

     

    They offer the following types of loans:

     

    Essential Loans

    Essential loans are specially designed for those who have a poor credit rating. Customers are able to borrow between £1000 and £10,000 for up to a period of 24 months. With these loans, you will need a guarantor.

     

    Bespoke Loans

    Bespoke loans are for applicants who want to borrow larger sums of money but have had difficulty doing so, maybe you want to complete a large project on your house for example. With these loans’ customers are able to borrow between £5000 and £100,000 for up to a period of 12 months. You can tailor a repayment plan to suit around your circumstances.

     

    Business Loans

    These business loans are specially designed to keep business moving and repayments are designed to suit you and your business. Customers can apply to borrow between £2000 and £25,000 over a period of 1 to 12 months.

    How the company works:

    To apply for a loan with JL Money the first step is to decide which loan is best for yourself. If you will apply for the Essential loan then you will also need to consider who will be a guarantor for you. This can not be a family member so may need to be a trusted friend.

    If you are unsure which loan to apply for then you can give JL Money a call and one of their customer representatives will be happy to give you help and advise you on your options.

    Once you have made your decision then you can apply online using their online application form. This shouldn’t take you any more than 10 minutes to complete and will ask you a series of questions about your personal circumstances and financial situation.

    If you make your application outside of the hours 9 am – 4 pm Monday to Friday then your application will be reviewed the next working day.  Applying late on a Friday will mean that your application will not be reviewed until Monday morning or a Tuesday if it is a bank holiday.

    For applications made within these hours, JL Money will aim to process your application within 2 hours and get the money directly into your bank account.

     

    Repayment method:

    Repayment is made directly from your bank account using the direct debit method.

     

     

    Do I need a bank account?

    Yes, all applicants will require a bank account to be able to apply for a loan with JL Money. Using MOGObankconnect they will access a read-only view of your account to ascertain whether or not you can afford to take a loan with them.

    Your bank account will also be used to make your monthly repayments for your loan. The bank account must also have a debit card attached to the account.

    To be eligible to apply for a loan you must fit the following criteria:

     

    Age

    All applicants must be over 18 years of age.

     

    Address information

    JL Money will only accept applications from UK residents. During the application process, you will be required to provide information on your address history over the previous 3 years.

    This is so the relevant identity checks and credit checks can be performed on your credit file.

     

    ID and Income

    Applications are accepted from full or part-time working individuals and also those receiving a pension. Unfortunately, they will not accept applications from those induvial’s who are receiving Jobseekers Allowance, Income Support or Sickness Benefits.

    You will need to provide 3 months’ worth of bank statements showing your address and account details.

    It isn’t uncommon for them to also ask you to complete and expenditure form which details your monthly income and also all of your outgoings in addition to this. Depending on how clear your bank statements are and whether or not your monthly bills go from the same account.

    If you are asked to complete one of these them remember to provide information on all the regular monthly bills you pay such as rent / mortgage payments, utility bills, credit card payments, grocery bills, childcare and car payments and any other bills you may have.

    Penalties

    JL Money will not charge for missed payment fees or additional interest if you miss a payment. They only ask that you contact them as soon as possible and inform them of your situation. They will do their best to help you and may be able to offer you an alternative payment plan until you can get your finances back on track.

     

     

    Reviews

    JL Money does not have any reviews as of yet of Trustpilot. We could only find 2 reviews of them on Glassdoor.co which were reviews for people who have previously worked at JL Money.

    We weren’t able to find any reviews from customers who have borrowed money from them in the past.