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Find The Right Car Loan Finance Up To $35,000
March 9, 2020● 9 minute read●
Hassle-free car loans
Are you lacking the right funds to purchase the car you want or need? Car loan finance could be the right solution for you. Jacaranda Finance offers car loans from $5,000 to $35,000 with loan terms between 1 and 5 years. You can breeze through our easy online application in a matter of minutes. If you apply during our business hours, then you could have an outcome in just 60-minutes! So even if you don’t have all the cash up front, you could be a proud car owner in no time!
Why should I get car loan finance?
A car loan is a type of personal loan that will enable you to buy the car you want. For most Australians, buying a car is one of the biggest purchases that they will make in their life. And unfortunately, buying a car can get very expensive. If you have a tight budget, saving for a big purchase can take a long time. With car loan finance, you could own your dream car much earlier and in the meantime pay towards the full price. Financial advisors recommend paying about 40% of the car price out of your own pocket and covering the rest with a loan. However, we don’t live in an ideal world and a car loan can be used to cover the full costs.
Jacaranda Finance: Who are we?
Let’s start by introducing ourselves! We’re Jacaranda Finance – your online lender that really cares! We have a range of car loans and personal loans in our portfolio to cater to the needs of everyday Aussies. We know every financial situation is different and we think everyone deserves a fair chance to get access to personal finance. Your budget may not allow you to pay for your dream car straight away but you shouldn’t have to compromise on your mobility. We take a good look at your personal situation and make sure, car loan finance is affordable and suitable for you. It’s our mission to offer you the best loan possible for your needs.
Do you hate paperwork? So do we! Our application is 100% online-based. It only takes a few minutes to submit an application and you may be good to go! We’ve got your back! While our application process is completely online, you can talk to our customer service team anytime during our business hours. Or you can send us a message any time of the day. Head over to our ‘About’ page to learn more about Jacaranda.
Car loan finance – how much can I borrow?
Let’s talk about numbers. Depending on your personal situation, we can offer car loans ranging from $5,000 to $35,000. You can choose repayment terms between 1 and 5 years. However, how much you should borrow depends on how much you can comfortably afford to repay. A rule of thumb is that you should not use more than 10% of your take-home income to repay a car loan.
You can use our car finance calculator on the top of this page to work out different loan repayment rates within your budget. The repayment rate you choose may affect your interest rate. You may be saving on interest if you choose a shorter loan term.
Requirements to get a car loan
Who can apply for a car loan with Jacaranda? We offer loans for a wide range of personal circumstances and want to make buying a car as accessible as possible for anyone. However, you do have to tick a few boxes to be eligible for our services:
- Be at least 18 years old;
- Own a driver’s license;
- Be able to provide an online banking account with at least 3 months of income history;
- Have an active mobile number and email address;
If that sounds very much like you, you are more than welcome to apply for a car loan with us. If you have any further questions about eligibility criteria, please get in touch with our friendly customer service department, they are always happy to help.
How can I apply?
The most important question: How does the application work? Our online application cuts out the boring paperwork and gets you straight to the point! Most people submit their application within a few minutes. It’s super easy and we guarantee you a quick outcome. You could even get an outcome in as little as 60-minutes if you apply during our business hours. However, we assess every application individually and processing times depend on each individual case.
Step one: Submit your application form.
Scroll up to the top of this page to find our loan calculator, choose the right loan amount and loan term and click “Apply”. You will be guided through the application process. If you have trouble at any stage, please get in touch with our customer service. We can’t accept applications over the phone but we can provide assistance where needed.
Step two: We assess your circumstances.
You can sit back and relax over a coffee while we do the hard work for you. Our team will look at your financial situation from all angles and assess your current relationship with money and spending habits. If we have any questions during the process, we will be in touch. Otherwise, you will hear from us with the outcome shortly after.
Step three: Receive your funds.
If we give you the green light on our application, congratulations! We will then send you a digital copy of the car loan contract. We ask you to read it thoroughly. Once we receive your signed document back, we will transfer your funds as quickly as possible. You may have the cash for your dream car in no time!
Who do we offer car loan finance for?
Your personal circumstances shouldn’t affect your mobility! That’s why our car loans are tailored to your personal needs. However, we highly encourage you to think twice if taking on debt is suitable for your personal situation. Repaying a car loan over an extended period of time is a big commitment and can put financial pressure on you. If you find yourself in a difficult financial situation, you’ve got the option to seek free financial counselling before applying for a loan.
Car loans for people on Centrelink
Some lenders may reject your application if you receive Government benefits. Not Jacaranda! We think everyone should have a fair go and your personal situation is not a reflection of your overall relationship with money. It’s important to us that you have a consistent source of income, like Centrelink. That’s why we treat it like any ordinary income.
Car loans for pensioners
Mobility is even more important with age. Receiving a small pension shouldn’t prevent you from making the most of your life. A car is an important asset to get around and meet your friends and family. Therefore, we offer car loans for pensioners.
Car loans for people with bad credit
A bad credit rating from the past can haunt you for years. Did you know that a mistake from up to 7 years ago will be kept in your record? A lot can happen in 7 years and what matters to us is the present. While we do perform a credit check, it’s not what we base our assessment on. We offer car loans for people with bad credit rating so if you have a less than perfect credit score, you’re still able to apply with us!
Costs and fees for car loan finance
If you’ve been wondering how much it costs to get a car loan, we want to assure you that our fees and costs are all openly stated on our costs page. The numbers there can give you an indication of what a loan would cost you.
How do I find out about my interest rate?
The interest rate we can offer will be stated in your loan contract. It depends on your previous financial history. If you have a good credit rating, we may be able to offer you a better interest rate for your car loan. However, we assess every case individually and make you the best offer we can.
How do you assess my financial situation?
We have optimised our assessment process and can sometimes give applicants an outcome in as little as 60-minutes (if they apply during our business hours and no additional documents are required). Like any responsible lender, we will perform a credit check. However, that’s not all we are looking at. The bulk of our assessment is based on your financial behaviour. We use the latest in safe banking technology to access a read-only version of your bank statements. Your personal data stays safe while we can assess the ins and outs of your account.
We highly encourage you to read your loan contract carefully before you sign. That will ensure that you know all the important details, fees, and deadlines. You choose your loan amount and loan term as the first step of your application process. Together, we set up a suitable payment date and from there, you won’t have to think about it again. The repayment will automatically be debited from your account until your balance is even. If you wish to make an additional payment, you can always get in touch with our customer service to do so.
We recommend you plan your payments in a way that you can comfortably repay your loan without compromising your private life. However, we know your personal situation may change over time and it’s good to know how to handle worst-case scenarios. If you know you will miss a payment or have a drastic change of circumstances, it is important to openly communicate with us. We may be able to find a short term solution that fits both sides. If we don’t hear from you, we will charge a penalty fee for missing a payment as stated in the loan contract and on our costs page.
Jacaranda is a responsible lender
We want to see happy faces, that’s why we want to make your lending experience as pleasant as possible. We believe in responsible lending practices. What does that mean? It’s easy: We won’t lend you money we think you can’t afford to repay. That’s why we assess all applications thoroughly to ensure a loan if affordable and suitable for you.
How can I talk to your customer service?
If you have any further questions about our application process or about car loan finance you can send us a message at any time or talk to our friendly service team on 1300 189 823 during business hours.
Our business hours are:
|Monday to Thursday||8 am to 6 pm|
|Friday||8 am to 4 pm|
|Saturday||8 am to 12 pm|
Are you ready to get the right car loan finance to purchase your dream car? If so, we are looking forward to meeting you. For further questions head over to our FAQ section. Otherwise, if you have a few minutes spare, what are you waiting for? You are just a few clicks away from being a proud car owner!
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