At first glance, MyJar might seem to be just another payday loan lender, but their services are slightly different and show a greater understanding of people’s needs. They offer three different short-term loan packages for three, six and 12 months.
You do not need to be employed or own your own property to be granted a loan from MyJar, although you must provide evidence of a regular income. MyJar is also likely to take on borrowers with a poor credit rating thanks to their credit scoring system. However, as always it will depend on your individual circumstances.
Their credit scoring system is particularly worthy of note because it is designed to be an impartial service that helps ensure MyJar only carry out responsible lending. The Annual Percentage Rate (APR) is between 0.35% and 0.75% per day depending on the loan you opt for.