Before you take out a short term loan, it’s important to make sure you are completely clear on all of the relevant terms and conditions. This means knowing your loan period, finding out exactly how much interest you will owe on your repayment date, and understanding the importance of paying your loan back on time. Luckily, MYJAR makes loan terms clear in all our communications with customers, so you’ll have a full understanding of what’s involved before you commit to borrowing from us.
Repaying on Time
We only lend to people with a regular income, so if you choose to take out a loan with us you need to be sure that there will be money available to repay on time. To help you avoid extra costs from late payment, we will send a reminder message a couple of days before your repayment date. To find out more about what our existing customers think, read our customer testimonials.
After Repaying Your Loan…
If you repay your loan on time, you will not incur any extra charges. If you decide to borrow from MYJAR again, we may be able to lend more to you in future. However, if you are struggling to keep up to date with your payments, MYJAR can point you towards independent debt help.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk