How It Works
Ready to apply for a personal loan, but not sure how it works? Here’s our breakdown of how applying for a loan works!
I would like to borrow
$5,000
$and pay it back over
17 months
$159.53
estimated
Estimated repayments starting from
GOOGLE RATING
2,000+ reviews
Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months receiving a rate of 10.48% (12.56% Comparison Rate). A borrower with an excellent credit history can expect to pay a total of $12,054.24. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 12.56% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 10.48% (12.56% comparison rate) with a maximum of 24% (41.50% comparison rate). The minimum loan term is 12 months and the maximum loan term is 36 months. For more details and examples visit our rates and fees page.
Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months receiving a rate of 10.48% (12.56% Comparison Rate). A borrower with an excellent credit history can expect to pay a total of $12,054.24. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 12.56% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 10.48% (12.56% comparison rate) with a maximum of 24% (41.50% comparison rate). The minimum loan term is 12 months and the maximum loan term is 36 months. For more details and examples visit our rates and fees page.
Not sure how it works?
If you’re not sure how applying for a loan with Jacaranda Finance works, we’ve broken it down for you. We’re an online lender that specialises in lending to all Australians, anywhere, any time. If you need to borrow $2,500 to $15,000, we could have a loan to suit you.
Applying for a loan
Applying for a loan with us is quick and easy. We don’t like to make things difficult. Our 100% online application form can be completed within minutes, and you could have your outcome in the hour2. Plus, we provide instant transfers on approval, so you could have your cash in 60-seconds3. It’s that simple!
- 60-Minute2 Outcomes
- 100% Online
- Simple Application
- Quick and Easy
- Bad Credit OK
Get your cash in 60-seconds3 once approved
Two types of personal loans
| Loan Type | Security Options | Loan Amount | Loan Term |
|---|---|---|---|
| Medium Loan | Secured and Unsecured | $2,500 to $4,600 | 12 to 24 months |
| Large Loan | Secured and Unsecured | $5,000 to $15,000 | 12 to 24 months |
How do I get approved?
Start the application process
Apply online, it’s simple and easy
Submit an application via our 100% online application. This could take you as little as 5 mins 1 to complete. Most applicants have an outcome from their application within 60 minutes2.
Accept your contract & we release your money instantly
Once you digitally sign your contract, we’ll release your money instantly3. Most clients have their money in their bank account and ready to use straight away (even on weekends).
Manage your account effortlessly
Through our customer portal, you can manage your loan and repayments with ease. Check balances, make extra repayments and payout your loan early at the click of a button.
Apply online, it’s simple and easy
Submit an application via our 100% online application. This could take you as little as 5 mins 1 to complete. Most applicants have an outcome from their application within 60 minutes2.
Accept your contract & we release your money instantly
Once you digitally sign your contract, we’ll release your money instantly3. Most clients have their money in their bank account and ready to use straight away (even on weekends).
Manage your account effortlessly
Through our customer portal, you can manage your loan and repayments with ease. Check balances, make extra repayments and payout your loan early at the click of a button.
Am I eligible for a loan?
To qualify for a loan with Jacaranda you must:
- Be over 18 years of age
- Be an Australian citizen or permanent resident
- Have received a regular income (for the last 90-days)
- Have internet banking set up
- Hold a direct contact number and email address
What information do I need to provide?
To apply online with Jacaranda, we will need these from you:
- Personal details (i.e. name, address, D.O.B)
- Your phone number and email address
- 100 points of ID
- The reason for your loan
- Online banking and employment info
How Jacaranda’s personal loans work
Our tech
We’ve won numerous awards for our state-of-the-art technology. We have created one of Australia’s smartest, 100% online application processes to make applying for a loan quick and easy. We use technology to understand your personal financial position, and we don’t just judge your credit score, which is why we’re able to help more customers that apply with us.
Our speed
The 100% online application can be completed in minutes1, and will ask you questions about your personal situation as well as automatically request access to read-only copies of your bank statements. 90% of applications have an outcome at the end of the process. The rest of the applicants typically have an outcome within 60-minutes2 during normal business hours.
Australian-based and family-owned
All of our teams are based in Australia to help Australians. We have one of the best customer service reputations in Australia, which is backed up by our reviews on every review platform. We’re almost 10 years old and we’ve been family-owned since the beginning. We value good old-fashioned values and we are committed to giving our customers the best experience possible.
60-second payouts
For most clients who have NPP-enabled bank accounts (which is 90% of bank accounts), the funds will be available and ready to use in your bank account within 60-seconds3 of accepting your contract. If you do not have an NPP-enabled bank, you will receive your funds overnight on the day you are approved.
Over 4,800 Reviews On Trusted Platforms
Sometimes we offer customers incentives encouraging an honest review be it negative or positive based on their experience. It is possible that some reviews were written by customers who received a reward.
Last updated: 03/05/2022