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Get pre-approved before you hit the car yard. Fixed-rate car loans up to 48 months, with same-day pre-approval2 for most applicants. We assess your income and budget, not just 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 car loan is finance taken out for the specific purpose of buying a vehicle. The car itself is used as security for the loan, which is the main thing separating it from a general personal loan.
Because the loan is tied to the vehicle, we pay the funds directly to the seller rather than into your own account, whether that seller is a dealership or a private individual.
Our car loans run from $3,000 to $40,000 over terms of 25 to 48 months. The interest rate is fixed for the life of the loan, so your repayments stay the same. You can repay weekly, fortnightly or monthly, and there are no early payout fees.
Most applicants can be pre-approved the same day, which means you can work out your budget before you start shopping rather than after you have found the car.
Yes, you may be able to get a car 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.
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.
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 AEST 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...
Qualify in minutes with no impact on your credit score*
Buying a used car privately? You don't have to purchase through a dealership to apply for car finance. Jacaranda Finance offers secured car loans for eligible private sales, with funds paid directly to the seller if your loan is approved.
Before you commit to a private purchase, run the vehicle identification number through the Personal Property Securities Register (PPSR) to check whether money is still owed on the car. A vehicle bought with an undisclosed debt attached can be repossessed even after you have paid for it.
Our guide to buying a car that is under finance explains what to do if the check comes back with an encumbrance.
Whether you're buying a new or used car, a Jacaranda Finance car loan could help you finance your purchase from a dealership. You can explore your loan options before choosing a vehicle, and if approved, we'll pay the funds directly to the dealership.
You must meet the following basic eligibility criteria before submitting an application:
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.
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.
Yes, you may be able to get a car 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.
A car loan is taken out for the specific purpose of buying a vehicle, and the vehicle is held as security for the loan. Because of that, Jacaranda Finance pays the funds directly to the seller rather than into your account. A personal loan is not tied to a particular purchase and the funds are paid to you.
Car loans from Jacaranda Finance range from $3,000 to $40,000 over terms of 25 to 48 months. The amount you may be offered depends on your income, expenses, existing commitments and what you can comfortably afford to repay.
Yes, with Jacaranda Finance you can apply entirely online in just a few minutes1.
Apply before 3:00pm AEST and get a same-day outcome on your application2.
A deposit is not required. Reducing the amount you need to borrow will lower your repayments and the total cost of the loan, but the assessment is based on whether the repayments on the amount you are asking for are affordable for you.
For a car loan under $10,000, comprehensive insurance is not required, although we recommend it. For a car loan of $10,000 or more, comprehensive insurance on the vehicle is required before the loan can be finalised.
Yes, you could use a car loan to purchase from a private seller. To complete the sale, we’ll require additional information such as the seller's identification and registration details, verification of their bank details, a roadworthy certificate, a signed sale agreement, photographs of the vehicle and odometer, and proof of comprehensive insurance.
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.
No. No lender holding an Australian Credit Licence can guarantee approval, because responsible lending obligations require an assessment of each individual application. We may carry out a credit check if you proceed to a full application, and we weigh your credit history alongside your current circumstances rather than treating it as the only factor.
Yes. The interest rate on a Jacaranda Finance car loan is fixed for the life of the loan, so your repayment amount does not change once your contract is signed.
Yes. There are no early repayment fees on a Jacaranda Finance car loan.
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
