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Short Term Loan News

Money tips and MYJAR news

MYJAR Explains: No Fee Loans

From time to time there are reports of loan companies that advertise loans they have no intention of providing in return for substantial fees. The danger of taking a loan out with a fee-charging provider is that it leaves you vulnerable to unreliable credit brokers. In order to protect your finances as far as possible, applying for a loan from MYJAR with no fee is a safer and more responsible option.

No Fee Loans from MYJAR

If you pay back your MYJAR loan back on time, you will face no extra or hidden fees. This means that from the outset, you know exactly what you will need to repay and by when, and won’t get caught out with charges you didn’t expect. And if we won’t lend to you, we won’t charge you a penny.

We make our interest rates and terms and conditions clear in all our customer communications.

MYJAR’s Responsible Lending Practices

We don’t make up-front charges for loan applications. MYJAR also has policies in place which demonstrate that we’re leading the way in responsible payday lending. We only lend to people with a regular income, to make sure that if you borrow from us, you are in the best possible position to repay. Our no-rollover policy means that we do not lend to people who already have a MYJAR loan out. Full details of our responsible lending policy are on our website and you can also read our borrower agreement, which we publish on our site.

If you need some assistance to meet an urgent financial requirement on either a short or long term basis, APPLY NOW for one of our loans.

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