MyJar Review

Quick Overview
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Representative APR Max Loan Amount Loan Term
3943% £100 18 days
Representative example: Borrowing £100. Days 18. Interest £20. Total £120. Annual interest 406% (variable). Representative 3943% APR.

Our Review:

MyJar have replaced a company called TxtLoan and offer short term loans of £100 to £500. New customers are limited to a maximum loan amount of £100, whilst existing ones can apply for up to the full £500. You can borrow the money for up to 18 days and they help you stay in control by not allowing you to roll your loan over.

For every £100 you borrow you repay £120, 18 days later. It’s as straight forward as that. You simply fill in the application online and enter the pin they send to you by text message. You can then request a loan from your online account, your mobile phone or by giving them a call. Once you’ve been approved for a loan the cash will be sent to your account within as little as 15 minutes! TXTLoan trading as MYJAR – PO Box 361, Ashford, TW15 9DZ.

Taken from their own website, here are some of the reasons why you might want to choose MyJar for your payday loan:

  • We’re responsible: We only lend up to £500 cash and we never do rollovers.
  • We’re fair: There are no hidden charges.
  • We keep things simple: Borrow £100, pay back £120, 18 days later.
  • We’re there: You can get in touch 7 days a week.
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