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Jacaranda Finance is a specialist Australian lender that considers more than your credit score. Our smart AI-supported assessment considers your current income, spending and ability to afford repayments alongside 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 bad credit loan is a personal loan designed for people whose credit report shows a low score, defaults, missed repayments or other adverse credit events. It is not a separate legal product. It is a standard regulated personal loan, assessed by a lender that is willing to look at more than a credit score.
Specialist lenders like Jacaranda Finance assess these applications differently to a bank. Rather than declining on a bureau credit score alone, they review recent income, regular expenses, existing commitments and banking conduct over recent months to work out whether the repayments are genuinely affordable today.
Regulated by ASIC under Australian Credit Licence 456404. Approval is never guaranteed. Rates and fees vary by product and individual assessment, and are shown in full before you accept.
You may be able to. A low credit score, default or previous missed repayment does not automatically rule out a Jacaranda Finance personal loan. We consider your current financial situation and ability to afford repayments alongside your credit history. Approval is not guaranteed.
A credit score that was affected by past events may not reflect where you are today. If your current income and expenses show the loan is affordable and appropriate, we can consider your application on that basis.
If a loan is not the right fit for your situation, we will tell you.
Rates and fees vary by product and individual assessment. Before accepting any offer, you'll see the applicable interest rate, fees, repayments and total cost.
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.
Before you apply for a loan, we think it's important to review your budget and be certain that you can comfortably repay it.
Once you know what you can afford in your budget, use our loan repayment calculator to estimate your repayments before you apply.
Ready to Apply? You can get started now.
If any of those apply, free and independent help is available. The National Debt Helpline on 1800 007 007 offers free financial counselling, and ASIC's Moneysmart explains how no interest loan schemes work.
Need a vehicle rather than a repair? We also offer car loans from $3,000 to $40,000, including for applicants with bad credit.
Some of the most common loan searches in Australia are for guaranteed approval or no credit check loans. It is worth being direct about what those terms mean.
Every lender holding an Australian Credit Licence is bound by the responsible lending obligations in the National Consumer Credit Protection Act 2009. Those obligations require an assessment of whether a loan is suitable and affordable for the individual applicant.
Checking whether you qualify with Jacaranda Finance has no impact on your credit score.* If you proceed to a full application, we may carry out a credit check, and that enquiry is recorded on your credit file for five years.
We do not offer no credit check loans. What we do is weigh your credit history alongside your current circumstances, rather than treating it as the only factor.
If a lender advertises guaranteed approval or no credit checks, it is worth confirming they hold an Australian Credit Licence and are a member of the Australian Financial Complaints Authority before you provide any personal information. You can check a credit licence on ASIC Connect and membership on the AFCA member directory.
Jacaranda Finance holds Australian Credit Licence 456404 and is a member of AFCA.
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 illion use different scales, so a score from one bureau will not match another.
Your score is a summary. Lenders look at the underlying report, which is governed by the Privacy Act 1988. The Office of the Australian Information Commissioner publishes how long each type of information can stay on file.
Two things follow from that table. A default from four years ago is still on your file but says very little about your finances this month. And repayment history, the part that reflects how you are managing credit right now, only looks back two years, which is why recent conduct carries real weight in an assessment.
You can request a free copy of your credit report from each credit reporting body every three months.
Jacaranda Finance participates in Comprehensive Credit Reporting (CCR), which means repayment history is reported to credit reporting bodies. Consistent, on-time repayments may support a stronger credit profile over time, while missed repayments are also reported. Credit score improvement is never guaranteed.5
Repayment history stays on your credit report for two years, so a consistent recent record carries weight with any lender assessing you. Download our BetterCredit app to track your credit score.
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. Our lending criteria are published in full on our Rates and Fees page.
Award-winning lender
A personal loan for someone whose credit report shows a low score, defaults or missed payments. It is a standard regulated personal loan, assessed by a lender willing to look beyond a credit score. Rates and fees vary by product and individual assessment.
You may be able to. A low score or a default does not automatically rule you out, because we consider your current income, expenses and ability to repay alongside your credit history. Approval is subject to our eligibility and responsible lending criteria and is not guaranteed.
There is no loan that is automatically easy to get. Any lender holding an Australian Credit Licence must assess whether a loan is suitable and affordable for you. Specialist lenders like Jacaranda Finance considers your income, spending and credit history when assessing an application, but approval isn’t guaranteed.
No. No lender holding an Australian Credit Licence can guarantee approval, because responsible lending obligations require an assessment of each individual application.
No. We don’t offer no credit check loans. When you check whether you qualify, we may use a soft credit check, which doesn’t affect your credit score.* If you choose to submit a full application, we may carry out a hard credit check, which can appear on your credit file and may affect your credit score.
Yes. A previous decline does not guarantee or prevent a Jacaranda Finance approval. Your current situation is considered alongside your credit history, and our eligibility and responsible lending criteria apply.
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.
Personal loans range from $3,000 to $30,000. The amount you may be offered depends on your income, expenses, existing commitments and what you can comfortably afford to repay.
Applications completed before 3 pm AEST on a business day usually receive an outcome the same day.2 Applications after 3 pm AEST or on weekends and public holidays receive an outcome the next business day.
Jacaranda Finance participates in Comprehensive Credit Reporting, so repayment history is reported to credit reporting bodies. Consistent, on-time repayments may support a stronger credit profile over time, while missed repayments are also reported.5 Credit score improvement is never guaranteed.
Receiving Centrelink payments does not automatically make you ineligible. A personal loan from Jacaranda Finance is designed for customers who receive 49% or less of their income from Centrelink and have regular, consistent income paid into a personal bank account. Eligibility and responsible lending criteria still apply.
A personal loan from Jacaranda Finance is unlikely to be suitable if you have been bankrupt in the past three years. Other eligibility and lending criteria also apply.
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
