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When you’re searching for a loan, it’s normal to encounter various abbreviations, jargon and small print. It’s important to fully understand this terminology before making the decision to take out a loan – which is why at MYJAR we aim to make the borrowing process terms of our loans as clear and simple as possible.
17th December 2018
How much would you like to borrow?
£
How long would you like to pay back your loan?
Months
Months
Months
Daily rate per
£100 borrowed
Interest
payable
Monthly
repayment
Total
repayable
*Monthly repayments may differ slightly in the final loan offer, illustrative purposes only
*Monthly repayments may differ slightly in the final loan offer, illustrative purposes only
Representative example: Borrow £300 for 3 months. Annual interest rate 274% (fixed). Repay in 3 instalments of £148.02 each. Total amount to repay £444.06. Representative 1081% APR.
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