MyJar Loans Alternative
£250 – £2,000 loans for all of life’s ups and downs
Your alternative to MyJar Loans
Are you currently looking for a loan?
If so, you may have considered MyJar, a direct lender offering loans of up to £2000.
However, MyJar Loans went into administration in December 2020*.
This means that they are unable to offer any more credit, so you cannot now apply for a MyJar loan.
MyJar Loans alternative
MyJar was not the only direct lender offering loans. There are other direct lenders who are still lending money and could be a suitable MyJar alternative.
On this page we explain more about the loans offered by Loans 2 Go as a MyJar Loans alternative.
How much money can you borrow?
Like MyJar, we offer personal loans up to £2000. However, as a responsible lender we do need to ensure that any loan you take out with us is affordable for you. So the exact amount you are able to borrow depends on what you can afford to repay.
We take time to look at the affordability of your loan because we don’t want you to take on more debt than you are able to repay, and end up in a financial mess. So with Loans 2 Go you can see if you’re eligible for an unsecured loan without impacting your credit score. Only if you are pre-approved will you undergo a credit check.
But don’t panic if you have a less than perfect credit score. We treat every case on its merit and are more interested in your present financial circumstances rather than whatever has happened in the past. So as long as you can afford the loan repayments, we will consider lending to you with a poor credit score or even a CCJ.
This flexibility makes us an ideal MyJar alternative for you.
What would we charge you for your loan?
There is no charge for setting up the loan, and no other hidden charges.
Your loan repayments only include the loan itself plus interest charges. The total amount of interest you pay depends on the length of the repayment period, and we will be clear up front with you about how much this will be.
As already mentioned, if you decide to repay your loan earlier than planned, there is no financial penalty for doing so. Which makes Loans 2 Go the ideal MyJar alternative.
How long would you have to repay your loan?
Our usual repayment terms are either 18 or 24 months, depending on how much money you borrow. Both of these spread the loan repayments out to make them more affordable, and give you plenty of time to get your finances sorted.
If at any stage you are able to repay all or part of your loan a bit earlier than 18/24 months, we won’t charge you anything extra for doing so.
Also it’s up to you whether you make your loan repayments on a monthly, weekly or fortnightly basis. And you can pay us either by CPA (Continuous Payment Authority) on your debit card or through our online payment portal.
How can I apply for a Loans 2 Go loan?
To apply for a loan with us you need to be:
- Aged 21 or over;
- Currently employed with a regular income;
- The holder of a UK personal bank account and debit card;
- Resident in the UK (this can be as a homeowner, a tenant, or living with parents).
The loan application process is simple and straightforward. You can do everything online from the comfort of your own home. There is no paperwork to complete and no face to face interview.
- Start by clicking Get Started, then select the amount of money you need to borrow.
- Enter the basic information we need to check your eligibility.
- If pre-approved you can complete the application form.
If your full application is approved you can expect your money in your account the same working day*.
We hope that all the above information helps you to choose Loans 2 Go as your ideal MyJar alternative. If there is anything else you need to know, do feel free to either call us on 0330 400 6000 or email us at [email protected].
We look forward to hearing from you soon.
*correct as of 18th January 2025
Personal loans | 18 or 24 months
Life is full of ups and downs, and sometimes things just don’t go to plan.
£250 - £2,000
personal loans
Over 2,000,0000
people helped
Confidential &
secure
Money
same day
FAQ
You need to be:
- At least 21 years’ old;
- Currently in employment with a regular income; and
- A resident in the UK with a UK bank account.
At Loans 2 Go you can see if you’re likely to qualify for a loan using our eligibility checker. This is a soft search and will not impact your credit score. If pre-approved and you complete our full application then, as a responsible lender, we undertake credit checks to establish the loan is affordable. We do lend to people with poor credit history, however, we would only lend to customers that can afford the repayments.
