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Jacaranda Finance is a specialist Australian lender that considers more than your credit score. Our smart AI-supported assessment considers your current income, spending and ability to afford repayments alongside your credit history.
Subject to lending criteria, terms and conditions. See below for details.
Subject to lending criteria, terms and conditions. See below for details.
A bad credit loan is a personal loan designed for people whose credit report shows a low score, defaults, missed repayments or other adverse credit events. It isn't a separate type of loan, but rather a loan offered by lenders who may consider more than just your credit score when assessing your application.
At Jacaranda Finance, rather than assessing on a bureau credit score alone, we review recent income, regular expenses and existing commitments to work out whether the repayments are genuinely affordable today.
Yes, you may be able to get a personal loan with bad credit. A low credit score, defaults or previous missed repayments don't automatically rule you out. At Jacaranda Finance, we consider your current financial situation and ability to afford repayments alongside your credit history.
If a loan is not the right fit for your situation, we will tell you.
Rates and fees vary by product and individual assessment. Before accepting any offer, you'll see the applicable interest rate, fees, repayments and total cost.
Our loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a quick guide to our charges, or visit our fees page to learn more. For detailed information about who our products are designed for, please review our Target Market Determinations.
We offer something better.
Repayment calculators can only provide estimates. By sharing a few details about yourself, you could check what you qualify for without impacting your credit score*.
In just a few minutes, see which loan products you could be eligible for, how much you could borrow, your available loan terms and estimated repayments.
Once approved and you've accepted your loan contract, most customers get paid in 60 seconds.
Apply by 3:00pm with everything we need, and you could get your loan outcome that same day - simple as that.
Unsatisfied with your loan? You can return the total principal funds, including any payments made to third parties on your behalf within the 48-hour cooling-off period and cancel your loan.
It’s easy to get started...
Borrowing is not always the right answer to a cost, and it is worth comparing before you commit to any amount. Free and independent help is available. The National Debt Helpline on 1800 007 007 offers free financial counselling. ASIC's Moneysmart explains how no interest loan schemes work for people on lower incomes. If you receive an eligible Centrelink payment, Services Australia may be able to provide an advance payment from your own future payments. And if the cost is a bill from an existing provider, asking them for a payment plan often costs nothing at all.
Need a vehicle rather than a repair? We also offer car loans from $3,000 to $40,000, including for applicants with bad credit.
There is no single official definition, but credit reporting bodies publish score bands. Equifax, the largest credit bureau in Australia, uses a 0 to 1,200 scale for its Equifax Score.
Source: Equifax. Experian and Equifax use different scales, so a score from one bureau will not match another.
Am I eligible for a Loan with Jacaranda Finance?
You must meet the following basic eligibility criteria before submitting an application:
Our guide explains how we read your bank statements and what we are looking for. If you hold an eligible temporary visa, our personal loans for temporary residents page covers what else applies.
Meeting the criteria above does not guarantee approval or any particular amount. It is the starting point for an assessment, not the outcome of one.
Your credit history is only one part of the picture. That's why, at Jacaranda Finance, a low credit score won't stop you from qualifying for a secured personal loan or car loan6.
When you apply, Jacaranda Finance considers your current income, regular expenses, existing financial commitments and your ability to comfortably afford repayments, alongside your credit history.
Some of the most common loan searches in Australia are for guaranteed approval or no credit check loans. It is worth being direct about what those terms mean.
Every lender holding an Australian Credit Licence is bound by the responsible lending obligations in the National Consumer Credit Protection Act 2009. Those obligations require an assessment of whether a loan is suitable and affordable for the individual applicant.
Checking whether you qualify with Jacaranda Finance has no impact on your credit score.* If you proceed to a full application, we may carry out a credit check, and that enquiry is recorded on your credit file for five years.
We do not offer no credit check loans. What we do is weigh your credit history alongside your current circumstances, rather than treating it as the only factor.
If a lender advertises guaranteed approval or no credit checks, it is worth confirming they hold an Australian Credit Licence and are a member of the Australian Financial Complaints Authority before you provide any personal information. You can check a credit licence on ASIC Connect and membership on the AFCA member directory.
Jacaranda Finance holds Australian Credit Licence 456404 and is a member of AFCA.
Your credit score is influenced by information in your credit report, including credit applications, repayment history and defaults. In Australia, your credit report is governed by the Privacy Act 1988. The Office of the Australian Information Commissioner determines how long each type of information can stay on file. Repayment history is the most heavily weighted part of your score, and remains on your file for up to 2 years.
You can request a free copy of your credit report from each credit reporting body every three months.
At Jacaranda Finance, you can get a quote with no impact on your credit score*. If you decide to proceed, we may carry out a hard credit check and this enquiry could stay on your credit file for up to five years. For more information, visit our guide to applying for a loan.
Jacaranda Finance participates in Comprehensive Credit Reporting (CCR), which means consistently making repayments on time could improve your credit score. On the other hand, missed or late payments could appear in your credit report and may result in your credit score decreasing.
Australian Credit Licence 456404 · Regulated by ASIC · Member of the Australian Financial Complaints Authority (AFCA) · 100% Australian-owned and operated.
Back-to-back 2025 & 2026 WeMoney Award Winner - Personal Loans, Car Loans and Accessible Credit.
Jacaranda Finance is a specialist Australian lender providing fixed-rate personal loans and car loans. Jacaranda Finance is not a bank, payday lender, wage-advance provider, Buy Now Pay Later provider or loan broker.
Award-winning lender
A bad credit loan is a personal loan that may be available to people with a low credit score, missed repayments, defaults or other negative information in their credit history. It isn't a separate type of loan, but rather a personal loan offered by lenders who may consider more than just your credit score when assessing your application.
Yes, you could get a personal loan with bad credit. At Jacaranda Finance, we look beyond your credit score, considering your current income, expenses, existing financial commitments and ability to afford repayments alongside your credit history. This means past credit issues may not prevent you from qualifying for a personal loan if your current financial situation supports the repayments.
There is no loan that is automatically easy to get. Any lender holding an Australian Credit Licence must assess whether a loan is suitable and affordable for you. Specialist lenders like Jacaranda Finance considers your income, spending and credit history when assessing an application, but approval isn’t guaranteed.
No. No lender holding an Australian Credit Licence can guarantee approval, because responsible lending obligations require an assessment of each individual application.
No. We don’t offer no credit check loans. When you check whether you qualify, we may use a soft credit check, which doesn’t affect your credit score*. If you choose to submit a full application, we may carry out a hard credit check, which can appear on your credit file and may affect your credit score.
Yes. A previous decline does not guarantee or prevent a Jacaranda Finance approval. Your current situation is considered alongside your credit history, and our eligibility and responsible lending criteria apply.
Checking if you qualify has no impact on your credit score*. If you proceed to a full application, we may perform a credit check, and that enquiry is recorded on your credit file for five years.
Personal loans range from $3,000 to $30,000. The amount you may be offered depends on your income, expenses, existing commitments and what you can comfortably afford to repay.
Apply before 3:00pm AEST and get a same-day outcome on your application2.
Jacaranda Finance participates in Comprehensive Credit Reporting, so repayment history is reported to credit reporting bodies. Consistent, on-time repayments could improve your credit score while missed payments may cause your score to decrease.
Receiving Centrelink payments does not automatically make you ineligible. A personal loan from Jacaranda Finance is designed for customers who receive 49% or less of their income from Centrelink and have regular, consistent income paid into a personal bank account. Eligibility and responsible lending criteria still apply.
A personal loan from Jacaranda Finance is unlikely to be suitable if you have been bankrupt in the past three years.
Our customer service team is available six days a week. If you have a question before you apply, during the process or after you have taken out a loan, you can reach us directly.
Effortlessly manage your loans
