How much can I borrow from MyJar?
MYJAR offer loans between £100 and £2,000.
What are the repayment terms?
You have three repayment options available which can be spread over 3, 6 or 12 months.
How much interest do MYJAR charge?
MYJAR’s advertised APR is 1081%, with a daily interest rate of 0.75%.
If you were to borrow £300 over 3 months at the above APR, with a fixed annual interest rate of 274%, MYJAR would require you to pay 3 equal monthly instalments of £148.02, paying back a total of £444.06.
Do MYJAR charge late payment fees?
MYJAR do not charge their customers any fees for late payments of instalments.
Can you repay a MYJAR loan early?
Customers have the option to repay the loan earlier than expected, which can be done by contacting customer services. You will only ever have to pay for the days you have borrowed and not for any additional fees or charges.
How quickly will they money be transferred?
As soon as MYJAR approve the loan they will contact you via text and email. The funds are sent immediately to your account, which can take anywhere between 20 minutes and 2 hours, depending on the bank or building society you use.
Is there a MYJAR app available?
At the moment MYJAR do not have a mobile app for customers.
Do MYJAR provide an online account?
Yes, successful applicants will be given login details for their own online account where they can make payments and keep up-to-date with account information.
How do you apply for a MYJAR loan?
The minimum requirements needed to apply for a MYJAR loan require you to:
- Be at least 18-years-old
- Have regular income coming into your account
- Own a UK mobile and have an email address
- Be the owner of a UK bank account and linked debit card
- Live in the UK
In addition to completing the online application form, you will need to provide information about your bank account, income and expenditure. In some instances they may also ask you to supply documentation such as bank statements or proof of address.
What is the best way to contact MYJAR customer services?
The MYJAR customer service team is available by phone on 020 3006 2000, Monday to Friday 8am to 8pm and on Saturdays 9am to 5pm.
Email email@example.com anytime with your enquiry.
Are MYJAR regulated by the FCA?
You will find MYJAR Ltd on the FCA register and they have been authorised by the FCA to trade since 22/2/16.
Do MYJAR have social media accounts?
What sort of customer reviews are there for MYJAR?
MYJAR reviews on Trustpilot have accrued an ‘Excellent’ rating of 4.4/5 based on feedback provided by 6,228 customers, as of March 2020.
MYJAR are a direct lender offering short term loans to consumers, often with poor credit histories. With MyJar you can borrow between £100 and £2,000, with repayments spread across a 3, 6 or 12 month repayment plans. The representative APR is 1081%.
They do not charge late payment fees and if you wish to repay the loan early this can be done without being asked to also pay additional fees.
There is no MYJAR app available, but customers do have access to an online account to manage their loan.
To apply for a MYJAR loan you must be:
- Aged 18 years or over
- Receiving a regular monthly income
- The owner of a UK bank account and connect debit card
- A UK resident
- In ownership of a UK mobile phone and email address
MYJAR have a rating of 4.4/5 (from over 6,200 reviews) on Trustpilot and are fully authorised and regulated by the FCA.