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Borrow Money Online

Repay monthly on your pay date

Rated 9.4/10
by more than
2000 customers

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You can borrow UP TO £[[product.limits.upper_limit]]
Rate [[product.interest]]% per day

You can borrow UP TO £[[product.limits.upper_limit]]
Rate [[product.interest]]% per day


Borrow: £100 for 30 days Interest: £24.00 One repayment of: £124.00 Annual interest 292% (variable). Representative 1270% APR


Repay early and save money
A late payment charge of £15 is added 3 days after due date
Short term loans may not be suitable for long term borrowing
Loans for over 18's only and are subject to status

Borrowing Money Online

When you borrow money online with a short-term or instalment loan these are usually offered on fixed repayment terms. This means that the amount you borrow, along with the cost and term are known before you decide to take out the loan, so you have all the information to hand upfront about exactly what you will get, how and when you will pay back the loan and what it will cost you.

There is a huge variety of deals for borrowing money online loan with loan terms from as little as a few days up to 12 months. With some loans, you will need to make just a single payment at the end of the term, but for longer terms, there is normally a fixed monthly repayment arrangement that enables you to spread the payments evenly over the full term.

Borrowing money online can offer a great deal of flexibility. In addition to how long you take the loan you can choose the amount you want to borrow and work out repayments that suit your financial means. MYJAR provides a loan example tool that enables you to experiment with different terms and amounts, so you can choose the loan term that is best for you.

Like with so many online shopping experiences, the process is getting better and better, but it is important to remember that borrowing of any type, no matter how small the amount, needs to be taken seriously. There should never be any pressure to make a quick decision, before you have had the time to make sure that you can repay. Application forms will ask for personal information about you, like your income, your bank details, where you live and what other loans you have outstanding. It is very important that this information is provided accurately and completely, because the last thing that any lender wishes to do is to approve a loan that you cannot afford.

3 key questions to ask when you are looking to borrow money online

1. How much do I need and what can I afford to repay?

There is plenty of information available about loans and it is worth taking the time to configure the loan that suits your financial circumstances best. You need to be realistic about how much you can afford, so think carefully about any other commitments that you might have and when they are due. If you are not confident that you will be able to make the payments on time as well as meeting your other important expenditure commitments, like food for the family, housing costs, transport to work, then taking on a new loan is not likely to be a good financial decision.

2. How long will I have to repay the loan?

Getting your payments down as low as you can by pushing the loan term out as far as possible might seem to make sense, so for a major purchase like a car or a household appliance that will last years, that is probably the right approach. But few people want to still be paying for last year’s Christmas presents or family holiday for years to come. It is important that you consider the term of the loan and ensure that you can meet the monthly repayments on time for the full term of the loan.

3. Am I really sure that I can afford this extra commitment?

As your finger hovers over the “Apply” button, it is so easy to click, but always take one last moment to ask your self “Can I really afford it?” That moment of caution can save you months of worry.

At MYJAR we never want you to borrow more than you can afford. That’s why we make the terms of our loans so clear and easy to understand and we always do credit searches. We hope that our customers will be satisfied that they chose a responsible lender like MYJAR. If ever you need more information about our loans or you have a loan with us and need some extra help, visit us online at www.myjar.com or call us on 020 3006 2000.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk