Discover Jacaranda Finance

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Quick Turnarounds & Decisions
$300 $10000
$2000
Adjust the above slider to your desired loan amount
Weekly
Fortnightly
Monthly
(you will be sent a verification code by SMS)

Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on our loans between $300 and $2000 is 199.43%. WARNING: This comparison rate is true 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. Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true 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. Click here to see a worked example.

The Interest Rate for Secured Large Amount Loans is 21.24%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true 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. Click here to see a worked example.

Borrow money with Jacaranda Finance today | Get up to $10,000 completely online!

What you need to know about how to borrow money

Borrow money – sure, sounds like an easy solution but we all know it’s not as simple as that. When you need the funds to pay for something and don’t have the money readily available, you may start looking for ways to borrow money. We understand that there is nothing more stressful than being pressed for funds and we don’t want to make things any more difficult for you.

Therefore, we’re here to help you out in those times of financial strain. In contrast to other lenders, Jacaranda makes applying for a loan as easy as it can possibly be. If it sounds appealing to you, we’ve written down everything you could possibly want to know about borrowing money with Jacaranda Finance. Check it out…

how it works question

What does it mean to borrow money?

When you borrow money it means you’re going to get credit from a lender. That money needs to be paid back at a later date at a rate of interest. You are, in fact, assuming debt to the lender when you borrow money from them. As the borrower it is your obligation to pay the money back to the lender – usually a financial institution such as a bank or an alternative lender, like us.

how it works question

How can I borrow money fast?

The quickest way to borrow money is to get it from an online lender such as Jacaranda Finance. Traditional lenders, like banks, often have a much longer application process where you have to physically go to a bank and apply. Whereas with online lenders all you have to do is fill out their simple application forms online and click submit!

how it works question

How does the borrow money process work?

When you borrow money online, the application process happens in a few simple steps. Which look a little something like this:

Step 1: Fill out the online application form

You can find this on our homepage, and it only takes a few minutes of your time to complete. It will ask you a few questions about your personal details, your reason for applying for a loan, and details about your employment and income source.

Step 2: Wait for an outcome of your application

Once you have submitted your application with us, we’ll get back to you as soon as possible. We usually get back to you in under an hour, so that you’re not waiting around for ages stressing out about whether your application was approved or not.

Step 3: Accept your loan contract

Once we have approved your loan application, we’ll send you a text extending you an offer for a loan. You simply need to read the terms and conditions and accept the loan contract. However, if you decide not to go ahead with the loan, you can reject the loan contract at this stage. If you’re not happy with the contract it’s always worth chatting to your lender. You may be able to change loan amount, term or repayment frequency to make your loan more manageable.

Step 4: Receive your money

This is the most exciting part of the process. As soon as you’ve accepted your loan contract, we’ll transfer your funds to you straight away. That means you could receive your funds the very same day that you apply. Especially if you are with Commonwealth Bank. However, if you don’t receive your funds the same day, you should receive your money the next day.

Step 5: Repay your loan

Once you’ve received your funds, the next step is to start repaying your loan. You can do this by setting up a direct debit payment. That means your funds can come out of your account automatically, without you having to worry about making your payments manually. And if you want to pay your loan off early you can! Plus, we won’t charge you early exit fees. You can even apply for a loan the very next day after you have finished paying your existing loan.

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What are the eligibility requirements to borrow money from Jacaranda?

With Jacaranda, you must meet our minimum lending requirements before we can approve you for a loan. The following is a list of the eligibility criteria:

TO
QUALIFY
FOR ONE OF OUR PERSONAL LOANS, YOU MUST:

age-18
Be over 18 years of age

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Receive a regular income into a personal bank account

aus
Be an Australian citizen, or have permanent residency

mobile wifi
Have a direct contact number

how it works question

What supporting information is required as part the application to borrow money?

Along with your application, we will require a bit of information from you, to assess your application. The following is a list of things we’ll need from you:

If you are borrowing a medium secured loan, we ask you to provide us with some information about your vehicle, so that we can make a valuation of the cost of your vehicle. The following is a list of some of the info we need:

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Why do people borrow money?

There are a variety of reasons people need to borrow money. Firstly, it’s often to do with the fact that people need to pay for an expense that cropped up out of the blue. Sometimes it’s to pay for a much-needed item, that cannot otherwise be purchased with existing funds. Here is a list of some of the reasons people choose to borrow money in the first place.

Example of how our small personal loans work

Loan amount

$300 minimum
$2,000 maximum

Costs

Up to 20% Establishment Fee + monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest.

The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

WARNING: This comparison rate is true 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

Terms

12
months

Example:

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

Example of how our medium secured personal loans work

Loan amount

$2,100 minimum
$4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 67.41% P.A.

This comparison rate is based on a Jacaranda Secured Medium Loan for an amount of $2500 over 2 years and a $400 establishment fee. Fees and charges are payable.

WARNING: This comparison rate is true 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

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.

For more information about the allowable fees and charges for SACCs & MACCs visit the MoneySmart website.

Example of how our large personal loans work

Loan amount

$5,000 minimum
$10,000 maximum

Costs

ANNUAL PERCENTAGE RATE (APR) IS 21.24% Comparison Rate is 48% P.A.

WARNING: This comparison rate is true 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

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

What our clients say

What you need to know about how to borrow money Overall rating: 4.7 out of 5 based on 148 reviews.

Great easy application

★★★★★
5 5 1
Very fast easy to apply thank you so much