Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk/en

MyJar Loans alternative

Looking for a MyJar loan?

You may have discovered that MyJar loans went into administration on the 22nd December 2020*, meaning that you can’t currently apply for a loan.

Don’t worry, Dot Dot Loans may be able to help. Find out below how we could provide you with an alternative to a MyJar loan.

How much was a MyJar loan?

MyJar loans were offered with a representative APR of up to 1081%. This means that borrowing a MyJar loan could have been expensive. If you want to know more about APR, check out our helpful guide. In short, a higher APR means a higher cost of borrowing.

Here at Dot Dot, you can apply for a short-term loan with representative 1228.67% APR. This could be cheaper than the loans which MyJar used to offer.

Why should I consider Dot Dot as an alternative to MyJar?

Not only could it be cheaper to borrow from Dot Dot, but our loan application process has been designed to be straightforward. In just 5 simple steps, you can apply for a short-term loan from £100 to £1000, subject to affordability.

If your loan gets approved, the money could be in your bank on the same day. Our loans are funded every hour, 24/7. There’s no nasty unexpected charges either, like the late repayment fees which you may have experienced with MyJar loans.

With Dot Dot, you can repay your short-term loan in instalments of your choice. This means that you can choose to repay your loan over 3, 6, or 9 months. You’re then more likely to borrow what you really need, making repayments more manageable.

You can also manage your loan on the go from our online portal.

But don’t just hear it from us, check out our customer testimonials.

Am I eligible for a Dot Dot Loan?

As part of your application, we conduct affordability checks for every loan issued to new and existing customers. You can apply for a loan and undergo an affordability check if you:

  • Over 18 years of average
  • A UK resident
  • In employment

To complete your application, you’ll also need:

  • A valid e-mail address and mobile number
  • Details of a home address
  • Debit card and bank account details

Please note that whilst we aim to provide a service to suit your needs, loans may not be right for everyone. We recommend that you carefully review your circumstances before applying for a Dot Dot loan.

*correct as of 18th January 2021

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Short term loan

Representative Example

Borrow £250 over 3 months with monthly repayment of £133.65 Total amount payable £400.95. Interest rate 284.76% p.a. (fixed). 1228.67% APR Representative.