You should always refer to your loan agreement for exact repayment amounts
as they may vary from our results.
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JL Money
Calculate Your Loan Cost:
Choose the loan type you require then adjust the sliders to calculate the cost of your loan.
Representative Example
Borrow £250 for 3 months. Total cost of credit £101.27 comprising interest only. Total amount repayable £351.27 in 3 instalments of £117.09 each month. Interest rate 162% p.a. (fixed). Representative APR 715.12%.IMPORTANT INFORMATION:
Lender Overview
JL Money Loans
JL Money offer short term loans from £100 to £2000 over 3, 6 or 12 months. If you wish to borrow over £500 you will need to have a Guarantor (they cannot be a family member) to guarantee that your loan will be repaid. You can repay your loan early at any time and you will only be charged interest on the days that you have had the loan.When can I get my loan?
If you apply online or over the telephone, you can expect a decision within 30 minutes between the hours of 9:30am and 5:30pm on a normal weekday or before 10:30am on the following working day. Once a loan has been approved, the loan will be paid out within 2 hours. Faster payments are made free of charge.
How do I repay my loan?
Loan repayments can be made either weekly or monthly and will be collected directly from your debit card or via direct debit on the agreed date.
What happens if I can't pay my loan on time?
If you think that you may not be able to meet a loan repayment, you should contact JL Money immediately on 0203 302 4020. Please be aware that interest may continue to be added to your loan account whilst a payment is outstanding until the balance reaches the legal limit of 100% of the amount borrowed. Continued non-payment may lead to your account being passed to external debt collectors. JL Money may charge you a fee of up to £15 if your account falls into default.
Here is a full breakdown of JL Money charges:
Transfer Fee (if you choose CHAPS over Faster Payments): £3
Chargeback Fee: £25
Direct Debit Return Fee: £15
Subject Access Request Fee: £10
Default Fee: £15
Am I eligible for a JL Money loan?
- You must be a UK citizen over 18 years of age
- You must have a UK bank account
- You must be able to provide a guarantor (not a family member) should you wish to borrow more than £500
How is this lender regulated?
- JL Money are authorised and regulated by the Financial Conduct Authority.
WARNING:
Late repayment can cause you serious money problems. For help, go to The Money Advice
Service