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Small Loans

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: £300 for 90 days Interest: £144.06 Total to repay: £444.06 Repay in 3 instalments of £148.02 each. Annual interest 274% (variable). Representative 1081% APR. Maximum 1326% 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

Small loans

Most of us need a little bit of extra cash from time to time - perhaps to cover an emergency financial shortfall. If you do need to borrow for a short time, sometimes it can be difficult to weigh up the best options, especially if the matter is urgent.

It is tempting to think that if it is just a small loan over a short period, you don’t need to take too much time thinking about it, but whenever you borrow you should think carefully about a number of things:

  • Only borrow the amount you actually need
  • Ask yourself if you really need to borrow - can that repair wait?
  • Work out exactly what you need to borrow and how much you can afford to repay
  • Always take into account the interest charges on what you are borrowing

Am I borrowing the right amount?

When taking out a short-term loan always remember that even small loans need to be planned for and properly thought through. What other bills will you need to pay in addition to the loan amount - and will that cause a problem? Do you have any excess income to cover the overall repayment(s) of a small loan?

What is the loan for?

It often makes very good sense to use a small loan to buy something that you want or need. You might be able to get a discount for paying cash or bulk-buying or it might save you money for example buying a monthly rather than a daily train ticket. However, it is never a good idea to borrow money to pay off other loans or credit, unless you will be saving yourself money in the long run. If you are not sure that you will have the funds available when it comes to repaying the amount back, then do not borrow.

The MYJAR small loan

A MYJAR small loan provides a way of borrowing the exact amount you need from £100 up to £3600 with loan terms to suit you from 3 to 12 months. Our daily rates of interest range from 0.35% per day for our 12 month loan to 0.75% per day for our 3 month loan. Your MYJAR credit score determines which loan options you can access and the amount that is affordable to repay each month.

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