MyJar Review

Company Name:

Trading name of: TxtLoan Limited

Registration Number: 6569316

Credit Licence Number: 618997

Representative APR: 3,943%

Maximum Loan Amount: £100 as a new client (up to £500)

Loan Term: 18 days

Cost to Borrow £100 for 18 Days: £20

Representative Example: Borrowing £100. Days 18. Interest £20. Total £120. Annual interest 406% (variable). Representative 3943% APR.

Hidden Fees: none (registration is free, no processing fees)

Promo Code:  No

Contact: / 020 3006 2000020 3006 2000
MYJAR – PO Box 361, Ashford, TW15 9DZ.

About: Previously TxtLoan, MYJAR is quite a unique lender for a various number of reasons.
The main reason would be that it is really a responsible lender. Indeed, not only they take into account many criteria of your application (minimum income of £400, you must be employed...) but they will only lend you £100 as a new client.
Also, you will not be able to take another loan with MYJAR if you do not repay the first one. Besides they will never give you the possibility to roll over your loan.

However if you repay on time your first loan they might increase your credit limit (up to £500) but this also depends on your situation.

Another particularity of MYJAR is their unique product. Contrary to other payday lenders, they do not allow you to choose the term of the loan. Somehow it is much easier to understand : borrow £100 for 18 days and you repay £120.

Since 2009, they have issued over 1 million loans. Everything is automated so the service is available 365 days a year, 24/7 !

You can also request a loan by text. Once your application is approved, you can send LOAN PIN 100 18 to their number to receive your money within minutes.

Send your own review of MYJAR Loans in the comments section below

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