Know your budget and shop around for the right car with same-day car loan pre-approval2 from Jacaranda Finance.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Car loan pre-approval is when you apply for a car loan before buying a car. The lender will look at your application and conditionally approve you for a loan up to a certain amount.
Since buying a car can involve quite a lot of time and money, you don’t always know exactly what car you’re going to buy and what you can afford. Pre-approval means you can see the amount you’re eligible to borrow and the repayments you can expect if you buy a car.
At Jacaranda, we understand how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork. This is especially true if you need a car quickly.
That’s why we make it possible to receive pre-approval on the same day you apply for your car loan2. Applying takes just a few minutes1, and once assessed, we could conditionally approve you for a certain amount, giving you the confidence to go out and buy the right car for you without wasting time.
You can even check if you qualify for a loan beforehand without impacting your credit score at all!
Buy your next car on your own terms with a fast, flexible and secure Jacaranda Car Loan.
With competitive interest rates and no hidden fees, our Car Loans are designed to be fast, fair, and, above all, affordable. See the table below for a quick guide to our fees and charges, or visit our fees page for more information.
The way our pre-approval works is pretty straightforward (at least it is from your end!). Here’s a quick guide to getting your same-day car loan pre-approval2:
We go above and beyond to protect your information and data in the Better Credit app.
Through bank-grade security, secure logins and 256-bit SSL data encryption, checking your credit score in the Better Credit app is completely safe.
See here for more information on data security, or contact our customer service team if you have any further questions.
If you're ready to apply, our loan application process has been perfected over time to be as simple and quick as possible. You can:
Check if you qualify for one of our Personal Loans today!
In addition to our rapid applications1 and fast pre-approval outcomes2, a Car Loan from Jacaranda can provide the following benefits when buying a car:
Jacaranda Finance is reporting data under the Comprehensive Credit Reporting (CCR) regime.
This means that your credit behaviour, such as making timely repayments and managing your loans responsibly, will be reported, potentially strengthening your credit profile.
Read some of our most frequently asked questions below to learn more about Jacaranda’s Car Loans and our pre-approval process.
In addition to qualifying, we have specific requirements for car loan applicants. Generally speaking, however, the car will be eligible as long as it's roadworthy and fits within our maximum loan amount.
There are additional documents we may require about the car, depending on whether you’re buying through a dealership or a private sale. Dealerships generally require fewer documents due to the reduced risk to both the borrower and the lender. See our page on car loans through private sales vs dealerships for more information on the documents we need.
Get in touch with us if you have any questions about whether the car you want is likely to be eligible.
Technically, our pre-approval lasts for seven days, after which you'll need to contact us to renew it.
Thanks to our fast processing times, seven days could be enough for you to finish the paperwork on your new car, but if not, don't stress! We’ll keep in contact with you during your pre-approval, and if you need extra time, we can easily extend it.
The most likely reasons your loan could still be declined after conditional approval are:
If you are unsure whether you're eligible, you can check if you qualify initially. This will not impact your credit score.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.
If you don't meet our initial criteria, your credit score won't be affected.
Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.
We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.
Other lenders will be able to see that you applied for a loan with Jacaranda.
This might impact your credit score.
Review our Privacy Policy for more information.
Visit our rates and fees page to get an idea of the costs associated with our loan products.
The interest rate, fees and charges applied to your loan will depend on your individual circumstances and the information verified during the loan assessment. It will also depend on our assessment criteria, loan amount, and loan term for which you qualify.
Use our loan repayment estimate calculator to get a guide on what your repayments could be.Â
We only accept loan applications online via our online application form on our website or the Better Credit app. We're 100% online, so there are no other ways to submit an application.
If you're considering applying for a loan with Jacaranda, you can first check if you qualify in a way that does not affect your credit score.
$3,000 - $25,000
