$3,000 - $25,000
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Jacaranda Finance offers car loans with fixed interest rates, providing secure, manageable repayments so you'll always know your position.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
A fixed interest rate is a type of rate that stays the same for a period of time. With a car loan, having a fixed interest rate generally means your interest rate will remain unchanged for your entire loan period, which, with Jacaranda Finance, can be as long as 48 months.
Fixed-rate car loans offer security and stability: your lender can't increase your rate during your loan term, and there will be a set amount of interest payable in your loan contract. This secures your car loan repayment amounts for the loan period.
At Jacaranda Finance, we offer fixed-rate Car Loans from $3,000 to $30,000, with consistent (yet flexible) repayments that make it easier to fit into your budget.
With loan terms ranging from 25 months - 48 months and same-day pre-approvals available2, you’re in the driver’s seat with one of our Fixed-Rate Car Loans.
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.
Fixed rates and variable rates are the two main types of interest rates for car and personal loans, and both offer distinct advantages and disadvantages depending on the person.
A fixed-rate car loan, for example, might suit people who like to stick to a budget and want to make consistent repayments, whereas variable rates can be useful for people who are okay with taking a bit more of a risk and plan on paying off their loan over a shorter period of time.
Jacaranda Finance currently only offers fixed-rate car loans.Â
| Fixed rates | Variable rates | |
|---|---|---|
| Pros | Protection from sudden market fluctuations. There is no impact on your repayments if interest rates rise. Easier to budget your repayments and set long-term financial goals. |
Repayment flexibility (often no fees for additional repayments or paying off the loan early). More straightforward 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 challenging to set accurate budgets for repayments and stick to them. Could be more challenging to plan financially for the future. |
We go above and beyond to protect your information and data in the BetterCredit app.
Through bank-grade security, secure logins and 256-bit SSL data encryption, checking your credit score in the BetterCredit app is completely safe.
See here for more information on data security, or contact our customer service team if you have any further questions.
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. With Jacaranda Finance, you can get conditional approval in hours, not days.
What’s more, you can check if you qualify for a Jacaranda Finance Car Loan without impacting your credit score.
Apply online or via our BetterCredit mobile app today!
In addition to our rapid applications1 and fast pre-approval outcomes2, a Car Loan from Jacaranda Finance can provide the following benefits when buying a car:
A Jacaranda Finance Car Loan can be used to pay for:
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.A car loan is a fixed-term loan used specifically for buying a car. We pay the seller directly then you repay the amount you’ve borrowed through regular installments. 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? Click here and apply now.
With a Jacaranda Finance car loan, you can borrow up to $3,000-$30,000 and pay it back over 25 months - 48 months.
By submitting a full application for a car 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 can I check if I qualify for a car 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*.
We understand that life moves fast. That’s why we do too. Apply before 3:00pm and Jacaranda Finance will give you a same day outcome2 on your loan application. Once 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.
It depends on how much you’re borrowing.
At Jacaranda Finance, if you’re looking to borrow less than $10,000, comprehensive insurance isn’t required as a condition of the loan – although we strongly recommend having appropriate cover to protect yourself and your vehicle.
If you're looking to borrow $10,000 or more, you’ll need to have comprehensive car insurance before your loan can be finalised. This is because your car is used as security for the loan, it must be protected against damage, theft, accidents or write-off. Before your loan can be finalised, you’ll need an active comprehensive insurance policy with at least $10,000 in cover. Your insurance needs to start from the day you take possession of the vehicle.
Is third-party insurance enough for a car loan?
If you’re looking to borrow less than $10,000, comprehensive car insurance is not a requirement for your loan. If you’re looking to borrow $10,000 or more, you must have comprehensive insurance, which covers damage to your own vehicle as well as other vehicles and property.
If you have any questions about what level of car insurance you require, including if you’re unsure whether your current car insurance policy meets these requirements, get in touch with our friendly customer support team.
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.
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.
