Car Loans

up to $25,000

In Australia, a car loan is essentially just a personal loan used specifically for buying a car. Unlike many personal loans, which can be unsecured - not having an asset used as security on the loan - our car loans are always secured loans. This means the lender can repossess the car and sell it should you be unable to meet your obligation to repay the car loan.

Jacaranda offers two loan products with varying loan amounts that you could borrow:

• Jacaranda Express Personal Loan: $3,000 to $25,000
• Jacaranda Car Loan: $10,000 to $25,000

These two loan products also have varying loan terms:

• Jacaranda Express Personal Loan: 25 months to 36 months
• Jacaranda Car Loan: 25 months to 48 months

For detailed information about who our products are designed for, please review our Target Market Determinations.

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.

Yes. Our conditional pre-approval can give you the confidence to know how much you can borrow, so you can buy the right car when you find it. Most new applications are processed with conditional approval on the same day during normal business hours once all supporting information required has been provided².

See our car loan pre-approval page for more information on how this process works.

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.

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.