MyJar Loans Alternative
Looking for MyJar loans? MyJar are no longer lending, but Lending Stream are. We offer short term loans, instant decisions and if you’re approved, we’ll send the cash to your bank within 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream as your MyJar Alternative?
Fast
Cash sent to your bank in under 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments. Pay early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
About MyJar
MyJar Loans were a short term loan provider that offered loans between £100 and £2,000. You could repay over 3, 6, or 12 months depending on how much you borrowed.
On the 22nd December 2020, MyJar announced that the firm had gone into administration and could no longer offer loans. If you need a MyJar style loan, you might want to consider Lending Stream for our short term loans.
Is MyJar still lending?
No, MyJar is not lending anymore. They stopped lending in December 2020. If you used to borrow from MyJar, maybe Lending Stream could help you with same day loans or quick loans.
When did MyJar go bust?
MyJar went into administration on 22nd December 2020. They stopped lending that day and haven’t lent since. The Financial Conduct Authority (FCA) also shared the news on their site.
Who has taken over MyJar?
When MyJar went into administration, Paul Boyle, David Clements, and Anthony Murphy of Harrisons Business Recovery & Insolvency (London) limited were appointed as joint administrators of Myjar Limited.
If you used MyJar to take out payday loans, you’ll no longer be able to. But we offer a better alternative to payday loans. We’re a reputed direct lender in the UK who are still lending and offer short term loans. Plus, we give our customers more time and flexibility to repay their loans.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Was MyJar regulated by the FCA?
Yes, MyJar was a direct lender in the UK, and they were regulated by the FCA from 22nd February 2016. However, on 20th December 2020 it went into administration and stopped lending.
How much did MyJar used to lend?
MyJar used to offer loans between £100 and £2,000 and borrowing terms ranged from 3, 6 or 12 months. They used to charge a daily interest rate of 0.75% which meant that if you borrowed £100 from MyJar then it would cost you 75p a day.
If you’re looking for an alternative to MyJar, Lending Stream could be just what you need. We offer short term loans of up to £1500.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How is Lending Stream different to (or better than!) MyJar?
Lending Stream offers loans in a different way to how MyJar used to. When MyJar was lending, they offered 3, 6, and 12 month loans. Lending Stream offers short-term loans over 6 months and our repayments are the same each month. This helps you with budgeting and knowing what exactly you need to pay each month.
| Lending Stream | MyJar |
|---|---|
| Short term loans with a 6 months repayment period. This lets you spread the cost, without paying it all back at once. | MyJar offered some shorter-term loans. Shorter term loans are often a high-cost loan that you must pay back very quickly, usually on your next pay day. |
| Borrow up to £1500, depending on your financial situation. | MyJar offered loans between £100 and £2,000. |
| We’re rated Excellent on Trustpilot. 99% of reviewers on reviews.co.uk recommend us. | MyJar was rated 3.1 out of 5 from over 6,000 reviews on Trustpilot. |
| We’re fast. After completing thorough checks, you’ll get a quick decision. And if you’re approved, we’ll send the cash to your bank in under 90 seconds. | MyJar aren’t lending anymore. |
Am I eligible for a Lending Stream loan?
If you are looking to apply for a loan with Lending Stream, then you must:
- Be at least 18 years old
- Have an active bank account
- Have a valid debit card
- Be a UK resident
- Should be in regular employment with a monthly income of at least £400
We make sure to look at all your information rather than just your credit report. We know that you might be able to repay a loan but have bad credit because of past difficulties this is why we believe that you’re more than just a number.
If you want to find out if we can offer you a loan, you can apply directly with us.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How can I apply for a loan with Lending Stream?
Applying for a loan with Lending Stream is an easy process. You need to fill out our online loan application form and provide us with the following information
- Choose the amount which you want to borrow with us
- Fill all your personal details
- Provide us with your employment, salary, expenses, and banking details
Once we receive your online application, we will run a credit and affordability check on your profile. If approved, we will send the approved loan amount to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page.
If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs - MyJar loans
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Was MyJar a payday loan lender?
MyJar Ltd was a high-cost short term lender which is why sometimes they were also referred to as a payday lender due to their high interest rate.
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Do I have to pay back MyJar?
If your MyJar loan is outstanding, then you should continue to make the repayments in a timely manner. But if you get an email or message to make the payments to any other bank account please contact the customer support team on info@myjar.com before making payments.
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Can I claim against MyJar?
Yes, you could have claimed against MyJar but the deadline for claim is over. Since MyJar is not lending anymore, you cannot apply for new loans from them.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk