MyJar Loan Alternative
Your best MyJar Loan Alternative is Loanpig. Although Myjar 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 MyJar payday loan alternative.
MyJar Loans Vs. LoanPig Loans
Perhaps the biggest difference that you will find between MyJar payday loans and LoanPig payday loans is that with MyJar 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 MyJar Payday Loans Offer?
MyJar 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. MyJar loans also offer you the chance to make flexible repayments, which can be repaid early at no additional cost. MyJar 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 MyJar loans are from a direct lender (someone who deal with your loan directly), here at LoanPig we offer a Direct Lender and a broker service. This means that we can offer you the loan ourselves, but also work alongside you in finding the perfect loan to suit your particular needs and requirements from our panel of specialist lenders. The benefits of using a broker is that you can save time exploring MyJar 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 MyJar 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.
What Is The Lending Criteria For MyJar Compared To LoanPig?
In order to be eligible for a MyJar 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 LoanPig, 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 MyJar 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 MyJar 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 MyJar 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?
At LoanPig, we offer you the chance to borrow between £100 and £2000 pounds and pay the loan back over 1 to 12 months.
Contact us today for further assistance when it comes to finding you the ideal MyJar loan alternative for you!