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Direct lender MYJAR receives 5- star praise from customers for its short term and instalment loans

MYJAR has achieved over 1,000 reviews from happy customers and an overall 5-star ‘excellent’ rating on the independent review website ‘Trustpilot’ with an average score of 9.3 out of 10 making them the top rated consumer lender within the non-bank finance category.

CEO of MYJAR, Ellis Sher, commented:

“MYJAR is now even more flexible. We have introduced longer terms, increased credit limits and cheaper loan products.

MYJAR customers are truly valued by us and everyone in our business appreciates that our long term success is measured by customer outcomes. Since we started the business we have worked tirelessly to provide exceptional customer service supported by simple products and a clear application process. This is the main reason why our customers rate our service and loan products so highly and have made over 1,000 public statements praising our approach.

Whilst as a responsible lender we cannot lend to some potential customers, we do all we possibly can to make sure that our customers feel valued and that they have been fairly treated. 94% of MYJAR customers have told us in a recent survey that they would recommend us to family or friends.

We strive to differentiate ourselves by delivering outstanding customer service and an instalment loan product that meets the needs of our customers.”

Eligible MYJAR customers can now apply to borrow up to £1,000 over a period of three months with the flexibility to repay early at any time saving our customers money.

Our new instalment loan product, with a daily interest rate of 0.8%, or 80 pence a day per £100 borrowed, has been created with the help of MYJAR customers, who were actively involved in its design with over 10,000 invited to participate in the co-creation process via an online survey. We would like to thank our customers for their valued input.

One customer recommending MYJAR and rating it 5-stars, Joanne, noted in her review that MYJAR was a ‘top lending company’ with flexible repayments and the option to repay early being important features:

“Fantastic company I use as I get paid monthly sometimes unexpected bills or repairs come. MYJAR’s low interest rates with flexible payment options make it a top lending company. I particularly like the fact you can repay early.”


Another customer, Stephanie, praised the flexibility of a MYJAR loan and the control it gave to a customer while also rating it 5-star:

“You have so much control over your repayment schedule. Would use again and definitely recommend to anyone”

MYJAR is continuing to expand its portfolio of flexible loan solutions with the upcoming launch of 6 and 12 month loans which will be available to eligible borrowers at lower rates of interest.

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Notes for Editors:
MYJAR is a direct lender and was established in 2009. It prides itself on being a responsible, transparent lender and has issued over 1.6 million loans with a value of £285m.

Reviews can be seen in full at https://www.trustpilot.co.uk/review/myjar.com

MYJAR supports Payplan, one of the leading free debt help charities, to help any of its customers who experience financial difficulty.

MYJAR is one of the few lenders in the category that has never allowed rollovers and always capped interest and fees at day 60.Affordability checks are always carried out prior to a loan being approved.

The interest rate charged for MYJAR’s new instalment loan is 0.8% per day or 80 pence per day for each £100 borrowed (equivalent to 292 % per annum). There are no application, money transfer fees or hidden costs. Loans can be for periods up to 3 months and can be repaid early at any time with no penalty. New customers can borrow up to £500 subject to credit status.

MYJAR Limited is authorised and regulated by the Financial Conduct Authority – interim permission number 658236 and is registered under the Money Laundering Regulations 2007.

For further information please contact MYJAR via Tom Newbould, Head of Marketing on tom.newbould@myjar.com or 020 3006 2000

This press release was distributed by ResponseSource Press Release Wire on behalf of MYJAR.com in the following categories: Personal Finance, for more information visit http://pressreleasewire.responsesource.com/about.