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

    MYJar 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

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Choose Loan Amount

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    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 305% 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^

    Company Number: 

    08518406

    Company Name:

    MYJAR Limited

    Date firm started up business:

    7th of May 2013

    Type of Business: 
    Consumer Credit

    MYJAR offers the following:

    Up to £500 over a period of 3 months.

    Up to £1000 over a period of 6 months.

    Up to £2000 over a period of 12 months.

     

    MYJAR PLUS offers the following:

    Up to £4000 over a period of 24 months.

    Loan term length:

    3 months to 12 months with MJAR

    24 months with MJAR PLUS

    Head Office Address: Moss House, 15–16 Brooks Mews, London, United Kingdom W1K 4DS

    FCA Status: Authorised

    Payout Time:

    In most cases, you will receive your money within 20 minutes of being approved. If you are required to upload any documents as proof of evidence, this may take a little longer but it will usually be within the same day.

    MyJar Review

     

    MYJAR is a short-term payday loan company based in the UK with over 10 years of industry experience. They have won multiple awards for excellent customer service over the past few years and continue to exceed customer’s expectations with their high level of customer service.

    With the major success of their payday loan services, MJAR wanted to expand the services made available to their customers and so recently launched MYJAR PLUS, where you can borrow up to £4000 over a longer period of time – up to 24 months if required.

    This option is more suitable if you require a loan over a longer period of time rather than a short term payday loan.

    Their website is bright and easy to use with all the relevant information you will need to know, when applying for your loan.

    To apply, you need to simply create your MYJAR account. You will be able to manage all your payments from here, upload documents and amend any of your details, should you need to.

    What is the meaning of MYJAR?

    The actual word MYJAR doesn’t mean anything in the English language. However when you separate the two words ‘MY’ and ‘JAR’ The two words mean the following:

    MY – DETERMINER

    belonging to or associated with the speaker.

    “my name is John”

    JAR – NOUN

    a wide-mouthed cylindrical container made of glass or pottery, especially one used for storing food.

     

    Why MYJAR for a loan company name?

    Well, it is a catchy and unique name that possibly resembles a money jar or piggy bank that we may have used as children to collect coins. MYJAR is a quirky, unique name which is more likely to stick in your mind.

     

    Collecting Jars!

    This name also resembles the system MYJAR uses for its customers. When you apply for a MYJAR loan online, you will be offered what is known as “jars of money”. These are the loans that you will be eligible for. The longer you are a MYJAR customer and prove that you are a responsible borrower paying back your loans on time, you can then collect more jars in which you are able to borrow more next time and ‘move up the ladder’.

    Awards:

    Over the past few years, MYJAR has both been nominated and won a few awards for their excellent services. These are: 

    • F5 Awards – 2016 Responsible Lender
    • Credit Excellence Awards – Highly-commended – 2017
    • CICM – Finalist – 2017 Responsible Lender       
    • CCS Awards – Winner – 2017

    All of the above awards are displayed clearly on their website.

    How the company works:

    MYJAR is similar to most online loan companies. You can apply directly online and upload any required documents through your online account.

     

    Repayment method:

    The main method of repayment with MYJAR is via CPA (Continuous Payment Authority).  CPA is where the money is deducted directly from the bank card you input when you apply for your loan.

    If this method does not suit you then there are a few more alternative payment methods that you can choose from. The payment methods include online directly from your MYJAR account, via TEXT or by TELEPHONE.

     

    Do I need a bank account?

    Yes, you will need both a UK bank account and a debit card that is linked to the same bank account to be able to apply for a loan with MYJAR.

     

    Requirements for the loan:

    To be eligible to apply for a loam with MYJAR you must fit the following criteria:

    • Be over 18 years of age.
    • Reside permanently in the UK.
    • Hold a bank account in the UK with an active debit card.
    • Have a verifiable mobile phone number and email address.
    • Have a regular source of income.
    • Be able to afford the repayments over the agreed term of loan.

     

    Address information

    When applying for your loan with MYJAR, you will need to provide your address history over the past 3 years.

     

    ID and Income

    Once you have filled out your application, you will only need to provide proof of ID and income if it is requested. Under some circumstances, it will not be required.

    Reviews

    MYJAR have an excellent trust pilot rating of 4.5/5. They are highly rated by all of their customers, especially for fast payout times. A massive 83% of MYJARs reviews on trust pilot were rated as ‘excellent’!

    The company take the time to respond to each of their client’s reviews, whether good or bad, proving that customer satisfaction is very important to their firm.

    Only 4% of the reviews on Trust pilot were, what you would class as bad. With most of the issues being that they didn’t lend money to certain website consumers due to failed credit checks. Loanski could not find any major bad reviews or complaints against MYJAR.