Don’t put off a necessary purchase. Buy it now, and pay it back later with a Jacaranda personal loan.
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If you need a pay later option, you might want to consider a personal loan. Buy now, pay later companies (BNPL) typically have a low limit of how much you can borrow, but Jacaranda Finance provides personal loans all the way up to $15,000! In addition, rather than short repayment periods, you can choose a flexible repayment schedule from 12 to 36 months. When you need a buy now, pay later service, Jacaranda Finance is a lender that might have an option to suit you.
Just like BNPL services, you can use a personal loan to purchase an item that you need a repayment schedule for. Whether you need urgent car repairs, medical bills, or a holiday covered, Jacaranda Finance could have a finance option that suits you. We are one of the fastest lenders in Australia; we were the first lender nationwide to deliver a 60-second loan payout. Typically, we process our applications within just 60-minutes* and, if you have an NPP-enabled bank account (which is 90% of bank accounts), you could have your money in 60-seconds** from approval.
Whether your purchase is big or small, we have online finance options that might suit you.
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, so we don’t need to rely just on your credit score.
The 100% online application can be completed in minutes, 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-minutes (during normal business hours).
All of our teams are based in Australia to help Australians. We have one of the best customer service reputations in the country, which is backed up by our reviews on every review platform. We have operated for almost 10 years and we've been family owned since the very start.
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-seconds 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.
If you don’t want to put off purchasing that one expensive item, there are some things you can do to ensure you get the fastest outcome possible on your personal loan application.
It couldn’t be easier to apply for a loan with us. All you need to do is:
For the fastest possible outcome, apply for your loan within our business hours so that our team can process it straight away. If not, you can still apply anywhere, any time.
We must have copies of your supporting documents to process your application. To get the fastest outcome possible, it might be handy to have the following documents ready when you apply:
Once we receive a copy of your signed loan contract, we can immediately release your funds into your bank account. However, without this loan contract, we can’t process your request. Please ensure you sign and return your loan contract within our business hours so that we can release your funds as soon as possible. Otherwise, we will process your request first thing on the next business day.
If we need additional information to complete your application, please ensure you’re contactable for the fastest outcome. However, we typically won’t need to contact you.
Reviews current as of June, 2021.
To qualify for a loan with Jacaranda you must:
To apply online with Jacaranda, we will need these from you:
To find out whether you’re eligible for a personal loan with us, please ensure that you meet the following criteria. You must:
Jacaranda Finance is an online personal lender. The main difference between using a personal loan and using BNPL is that we provide you with a set amount of money before you make a purchase, whereas BNPL means you shop online or instore and use BNPL to pay. We also give you a flexible repayment schedule, and can typically approve higher amounts than a BNPL provider can.
Yes, you can! We have helped thousands of Aussies with bad credit secure a personal loan. We are an online lender, which means that we can be more lenient with our lending criteria than a traditional lender (like banks and credit unions). We will conduct a thorough financial assessment to ensure that a credit product is suitable for you. So, if you’ve been searching ‘buy now pay later bad credit Australia’, Jacaranda might be able to help.
Yes, we will. Jacaranda Finance takes responsible lending very seriously. This is why we conduct credit checks on every application we receive. However, no matter your credit score, we will give you a fair go. We use bank statements in conducting our financial assessment. So, even if you have bad credit, we might be able to provide you with a fast cash loan.
We don’t put any hidden fees or charges on our loans. You can obtain a disclosure document called a credit guide that will show all fees and charges on your personal loan. Additionally, all fees and charges will be clearly listed on your loan contract. To give you an idea of fees and charges you could expect, you could be charged interest, establishment fees, and/or a monthly fee (depending on how much you borrow).
* If applied within our standard business hours. 60-minute outcomes are not guaranteed.
** If you have an NPP-enabled bank account.
You can spend your loan on just about anything. If you haven’t yet decided on how you plan to use your loan, we’ve listed a few ideas:
Car repairs are an unavoidable part of owning a car. If you need funds for your trip to the mechanic, look no further than Jacaranda.
Buying furniture or white goods
Unexpected or emergency bills
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.