Jacaranda Finance offers fixed interest rate personal loans with secure, manageable repayments so you'll always know what you owe and what you can borrow.
Subject to lending criteria, terms and conditions. See below for details.
Subject to lending criteria, terms and conditions. See below for details.
A fixed interest rate is a type of rate that stays the same for a set period of time. With personal loans, having a fixed interest rate generally means the rate will remain unchanged for the entire loan term.
A fixed-rate personal loan offers security and stability: your lender can't increase your rate as set out in your loan contract, and you only have to pay the amount of interest stated in your contract. This secures your repayment amounts for the loan period.
At Jacaranda Finance, we offer Express Personal Loans. We also offer fixed car loans - see our car loans page for more details on that!
We offer fixed-rate personal loans from $3,000 to $25,000 with loan terms up to 36 months, providing you with fixed repayments that make it easier to fit into your budget.
At Jacaranda Finance, we're a 100% online lender. That means there's no hefty paperwork or long lines with us: instead, we utilise state-of-the-art technology that allows you to:
See below for more information on how our application process works or click here if you're ready to get started!
We Make Applying Easy
We know 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.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
Fixed rates and variable rates are the two main types of personal loan interest rates, and they both offer a distinct set of pros and cons that will vary according to each person. A fixed-rate loan, for example, might suit people who like to stick to a budget and want to make consistent repayments, but might not be the better option if interest rates are falling.
Variable rates, on the other hand, can be useful for people who are okay with taking a bit more of a risk and plan on paying off their loan in a shorter period of time.
Jacaranda Finance currently only offers fixed-rate loans.
Below is a short summary of the general pros and cons of fixed and variable interest rates:
| Fixed rates | Variable rates | |
|---|---|---|
| Pros | Protection from sudden market fluctuations No impact on your repayments if interest rates rise Easy to budget your repayments and set long-term financial goals. |
Repayment flexibility (often no fees for additional repayments or paying off the loan early) Easier to refinance (you can switch lenders if a better rate becomes available at no cost) Decreased repayments if interest rates drop More likely to have extra features |
| Cons | They can be inflexible (this could be a positive or a negative, depending on financial conditions) Disadvantage when interest rates drop as you could be paying more than necessary Possible penalties for additional repayments and for switching during the fixed term Possibly fewer features (such as a redraw facility) |
Higher repayments when interest rates increase Cash flow uncertainty (will you be able to afford a higher interest rate?) Could be more difficult to set accurate budgets for repayments and stick to them; Could be more difficult to plan financially for the future. |
In addition to our rapid applications1, fast outcomes2 and even faster transfers3, our fixed loans offer the following advantages:
It's true that fixed loans often make it difficult to pay above your minimum repayments - but not at Jacaranda Finance. With us, you can make extra repayments on top of your minimum and there are no fees for doing so. Just log in to your online account or speak to our customer service team to manage your repayments.
Say you come into some money and want to pay out your loan entirely ahead of schedule. Some lenders would charge you a fee for doing so, but not Jacaranda Finance.
With our fixed-rate loans, customers who pay their loan out early do not incur any additional fees or charges for doing so. As our loans are interest-bearing, the total interest paid will likely be lower by repaying your loan ahead of schedule.
Fixed fees that have already been incurred are due and payable.
Want to change the day of the week you make your regular loan repayments, such as your regular payday? Or do you want to make your repayments more frequently (say weekly instead of monthly) and save a bit of money doing so?
You can easily manage your personal loan repayments online 24/7, 365 days a year, thanks to our secured self-service customer portal. Repayments can be automatically deducted via direct debit, so all you need to do is make sure you have the money in your nominated bank account by the due date.
Jacaranda Finance has been recognised by several awards and our customer service team are friendly, respectful and approachable. As a trusted lender for over 10 years, we pride ourselves on offering some of the best customer service in Australia.
Changed your mind after receiving your funds? We offer a 48-hour cooling-off period for all loan products4. Simply call our customer service team to cancel your loan.
Money in your bank account and ready to use in 60-seconds3 once approved.
Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.
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.
Our fixed loans are flexible and can be used for a variety of different purposes. Available for some of life's biggest expenses, both expected and unexpected, here are some of the more common reasons our customers apply for a fixed-rate loan with Jacaranda Finance:
A fixed dental loan can help 'fix' those teeth you've been having issues with, while our medical loans can provide the funds for any surgeries or specialist work you need.
Rental bonds can cost thousands per property when moving, and that's without considering other moving costs like hiring removalists. Take the stress out of moving with a Jacaranda Finance rental bond loan.
Getting your car fixed is often necessary, but it can be expensive too. Our fixed-rate car repair loans can help you get back on the road in no time.
If your fridge breaks down and needs replacing or you just feel like upgrading, you could get the funds to do so quickly with a fixed white goods loan.
If your latest vet bill is a bit more expensive than you'd prefer, turn to Jacaranda Finance for fast and flexible fixed-rate vet loans.
Whether it's cracked tiles or a leaky roof, check out our fixed home repair loans and stop putting off any much-needed repairs.
Fancy adding another bedroom to your house? How about a new kitchen or some solar panels? Our fixed home improvement loans can help fund these new projects.
Our fixed holiday loans can let you get out and see the world without having to worry about how you're going to pay for it.
You can consolidate multiple different loan repayments into one easier-to-manage fixed-rate debt consolidation loan.
A fixed-rate wedding loan from Jacaranda Finance can help you pay for some of those big wedding costs, like the ring, the catering, the bar tab, or even your honeymoon!
A personal loan is a fixed-term loan that allows you to borrow a set amount of money and repay it through regular instalments. Our online application process is designed to be fast and straightforward. Repayments remain consistent throughout the loan term so you can plan your budget with confidence.
Applying is Quick & Easy
Ready to get started? Apply now.
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 offer two main products at Jacaranda Finance:
For detailed information about who our products are designed for, please review our Target Market Determinations. Our Loan Repayment Calculator and our guide to Jacaranda Finance’s interest rates & fees could help you to predict your repayments before applying.
Using our loan repayment calculator you can estimate your repayments before applying.
Missed Payment Fees
For every missed payment, a fee will be applied. This cost is added to the account balance and can be paid with the next repayment cycle. If you’re concerned you’ll miss a repayment before the next due date, please contact our customer support team as soon as possible.
You can pay your loan back at any time at no extra cost. That means no early exit or payout fees.
Once you’ve been approved and have accepted your loan contract, we’ll automatically attempt to release the money to your account. Most customers get paid in 60 seconds3.
$3,000 - $25,000
