My Jar is a well-known payday loans lender and has earned a good reputation for their short term loan lending practices. When it comes to applying for your very own short term loan, it is important to shop around in order to compare your options and find the best loan option for you. If you are considering taking out a short term loan to better manage your finances before you reach payday, be sure to consider LoanPig as your My Jar payday loan alternative.

 

My Jar Loans Vs. LoanPig Loans

Perhaps the biggest difference that you will find between My Jar payday loans and LoanPig payday loans is that with My Jar need to input your details and apply for a loan before you can choose your desired loan amount. With LoanPig, you offered the freedom to select your desired loan amount straight away before being matched with the ideal lender who will be able to give you the loan amount you selected.

 

What Do My Jar Payday Loans Offer?

My Jar loans operate in a way that is very much focused on customer service due to them having customer support staff available every day of the week to help. My Jar loans also offer you the chance to make flexible repayments, which can be repaid early at no additional cost. My Jar loans also allow you to take out both small and larger sums of money so you can choose the amount of money you want to borrow and get to decide how long you will need to pay it back.

 

What Do LoanPig Payday Loans Offer?

With LoanPig, we operate in a way that allows you to take out a loan that suits you by giving you control of the size and duration of your loan. This means that you can take out a short term loan and pay it back over a time frame that best suits you. We offer highly competitive interest rates, too!

 

Are Both My Jar And Loan Pig FCA Approved?

Both My Jar and LoanPig take pride in being FCA regulated, which means that they work hard to keep their customers safe from having to deal with unscrupulous lenders. If safety is your main priority, you should most certainly be on the lookout when choosing your My Jar loan alternative to make sure they are regulated by the FCA, too.

 

How Does The My Jar Application Process Differ From LoanPig?

When looking for a My Jar loan alternative, it is important to consider how easy and straightforward the loan application process is. Applying for My Jar payday loans can all be done online and after you have submitted your application you will be informed by text and email whether your application has been successfully approved. From this point onwards, you will be able to make a request for your desired loan amount either online or by phoning in.

 

At LoanPig, the application process takes place entirely online and you are able to pick your desired loan amount from the start of your application, making the process far more streamlined and transparent. With LoanPig, you are also guaranteed to not have to deal with any bothersome phone calls or paperwork as we work solely online.

 

Is LoanPig A Direct Lender?

While My Jar loans are from a direct lender (someone who deal with your loan directly), here at LoanPig we offer a broker service. This means that we do not supply you the loan ourselves, but work alongside you in finding the perfect loan to suit your particular needs and requirements. The benefits of using a broker is that you can save time exploring My Jar payday loan alternatives and allow us to do the hard work for you in finding you a reputable broker.

 

The Pay Out Time

At LoanPig, we take pride in being able to offer a very fast pay out rate that makes us a strong contender in your search for a My Jar payday loan alternative. We act fast to get your application approved and match you with a payday loan lender that is perfect for you. Once your matched lender completes the application process, you will find the money that you need in your account as quickly as the very same day!

 

What Is The APR?

The APR (or Annual Percentage Rate) refers to the sum of money that you will be expected to pay back on top of your borrowed amount. Typically, while the APR rate of short term loans is often higher than that of bank loans, it does mean that you are able to receive your cash quickly. Furthermore, an unsecured loan like a payday loan means that you are not required to put collateral to back up your loan, so late and missed repayments may result in additional fees and interest added to your original loan amount.

 

At My Jar, you will be offered a representative APR rate of 788%, whereas at LoanPig we offer a representative APR rate of 1261%. Be sure to consider how important the APR rate is when taking out a payday loan for you.

 

What Is The Lending Criteria For My Jar Compared To LoanPig?

In order to be eligible for a My Jar loan, you will need to make sure that you meet the following criteria:

 

  • You have a regular income source
  • You are a UK resident
  • You have a bank account with an active debit card attached to it
  • You have an email address and verifiable mobile phone number
  • You are over the age of 18

 

Here at Loan Pig, we and the lenders on our panel also require you to meet the aforementioned criteria. However, while you may need to provide your email and telephone number, you will not have to deal with receiving phone calls from us as we work through an online process and verify your information.

 

Why Should I Choose LoanPig?

It can be hard to know who to use as a My Jar payday loan alternative as there are so many lenders out there that promise the same things. We believe that LoanPig would make a fantastic choice and a great alternative to a My Jar loan as we are able to offer you the chance to receive a bespoke service in which you are matched with your ideal lender through a straightforward application process. We are also proud to be able to offer you some of the highest payday loan application success rates, which means that if you have found yourself being turned away for a loan elsewhere, we may be able to help. This, alongside our transparent method of trading, means that you will be in safe hands when looking for a loan that suits you!

 

Are LoanPig Loans Secured?

One of the benefits of most payday loans – be it a My Jar loan or a LoanPig loan – is that they are unsecured. This means that if you are ever unable to make repayments, you will not be faced with losing your personal belongings, such a house or a car. This is different to bank loans, which are secured and you could be faced with repossession if you ever fall behind on your loan repayments.

 

How Much Can I Borrow With LoanPig?

An area where My Jar payday loans differ from LoanPig is in their loan amounts that you can borrow. With My Jar, you can take out between £100 and £3500 and pay the money back between 3 and 12 months. At LoanPig, we offer you the chance to borrow between £150 and £750 pounds and pay the loan back over 2 to 6 months.

 

Contact us today for further assistance when it comes to finding you the ideal My Jar loan alternative for you!