A bad credit loan is a term used to describe a type of loan for people with a less-than-ideal recent credit history.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
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Worried about being denied a loan? No stress! At Jacaranda Finance, QualifyCheck lets you check if you qualify without affecting your credit score!
Making all your repayments to us on time could steadily improve your credit score and positively impact your ability to get credit in the future.
Worried about being denied a loan? No stress! At Jacaranda Finance, QualifyCheck lets you check if you qualify without affecting your credit score!
Making all your repayments to us on time could steadily improve your credit score and positively impact your ability to get credit in the future.
'Bad credit' isn't a technical term, and there is no definitive definition of it. A bad credit history is any credit history that prevents you from getting the loan you need from a particular lender.
A bad credit loan is a term used to describe a type of loan for people with a less-than-ideal recent credit history. We don’t specifically offer 'bad credit loans': we offer fast and reliable loans for applicants with varying credit histories.
When we assess your application, we do consider your credit history. However, we also take into account your current financial position by considering factors like your income, your expenses, and how you handle your current financial commitments.
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.
Before you apply for a loan, we think it's important to review your budget and be certain that you can comfortably repay it.
Once you know what you can afford in your budget, use our loan repayment calculator to estimate your repayments before you apply.
Ready to Apply? You can get started now.Learn more about all things credit with some of our insightful articles and guides.
A bad credit loan is a term often used to describe a type of personal loan for people with a less-than-ideal recent credit history. A personal loan is a fixed-term loan that allows you to borrow a set amount of money and repay it through regular instalments.
At Jacaranda Finance, you can check if you qualify for one of our personal or car loans before submitting a formal application. We're different because we know that your credit score doesn't define you.
While traditional lenders continue to judge you for past mistakes even years later, we use a smarter, data-driven approach. By assessing bank transactions and application data in addition to your credit file, we offer faster, fairer and more personal lending decisions that reflect your real financial situation right now.
If a bank has said no, we may still be able to help. We look at things beyond just your credit score, like how and where you spend your money, to help more Australians access fair, fast and flexible finance – even when the banks won’t.
So if the bank has said no, give us a go!
How to check if you qualify for a personal loan?
If you’re considering applying for a loan with Jacaranda Finance, you can check if you qualify with no impact on your credit score*.
By submitting a full application for a personal loan, you are authorising a hard credit check. This means that other lenders will be able to see that you applied for a loan and could impact your credit score. Before you submit a full application with Jacaranda Finance, you can check if you qualify with no impact on your credit score*. This is called a soft credit check, and is only visible on your credit report to you.
How to check if you qualify for a secured personal loan?
If you’re considering applying for a loan with Jacaranda Finance, you can check if you qualify with no impact on your credit score*.
No, checking if you qualify uses a “soft” credit check meaning it does not impact your credit score or appear on your credit file to anyone but you. We recommend checking your eligibility before applying for a loan where possible to reduce the number of applications on your credit report.
To be assessed for a loan from Jacaranda Finance, you must meet the following basic eligibility criteria:
If you are unsure whether you’re eligible, you can check if you qualify with no impact on your credit score*.
We understand that life moves fast. That’s why we do too. Apply before 3:00pm from Monday to Friday and Jacaranda Finance will give you a same day outcome2 on your loan application. If approved, your funds will be transferred in 60 seconds3. This means you could apply, have your application assessed and receive your funds all within the same day.
Applying over the weekend? If you submit your application on Saturday morning, you may receive a same-day outcome. Applications received later in the weekend are typically assessed first thing on Monday morning.
$3,000 - $25,000
