Buying your next car from a dealership? A fast online car loan from Jacaranda Finance could be just what you need.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
With competitive interest rates and no hidden fees, our Car Loans are designed to be fast, fair, and, above all, affordable. See the table below for a quick guide to our fees and charges, or visit our fees page for more information.
There are two paths you can take when buying a car: purchasing privately and purchasing through a dealer. Although we can support both options, there are several key reasons to choose the latter.
The main reason is that receiving a car loan for a dealership sale is often much simpler. As dealerships are accredited to sell and the sale will be legitimate, we only require an invoice from them and and we will directly transfer them the funds.
With a private seller, however, we will require more information and documentation from both you and the seller. For example, we will need the seller's ID, their registration, and need to verify the seller's bank details too.
We Make Applying Easy
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
| Pros | Cons | |
|---|---|---|
| Dealerships | Higher quality of cars Legal protections for customers No risk of the car being encumbered (still has finance on it) Additional services available Faster to apply for a car loan, requires less paperwork |
Less choice of car available Cars can be more expensive Dealers can try to pressure you into sales They might try to sell you unnecessary add-ons |
| Private sales | Cars can be cheaper overall You have more flexibility and choice Better freedom to negotiate on price |
Fewer legal protections and warranties for customers More responsibility on you and the seller (more paperwork) Higher chance the car could be encumbered Easier to get wrong if you're not familiar with the process |
In addition to cars from dealerships, you can also use a Jacaranda Finance car loan for the following:
You can get both brand new and used cars with a Jacaranda Finance car loan, whichever suits you best. It doesn't matter what model it is, as long as it's roadworthy and fits within our maximum loan amount, you could be eligible to get a car loan for it with Jacaranda Finance.
A car loan is a fixed-term loan used specifically for buying a car. We pay the seller directly then you repay the amount you’ve borrowed through regular installments. Our online application process is designed to be fast and straightforward. Repayments remain consistent throughout the loan term so you can plan your budget with confidence.
Applying is Quick & Easy
Ready to get started? Click here and apply now.
With a Jacaranda Finance car loan, you can borrow up to $3,000-$30,000 and pay it back over 25 months - 48 months.
By submitting a full application for a car loan, you are authorising a hard credit check. This means that other lenders will be able to see that you applied for a loan and could impact your credit score. Before you submit a full application with Jacaranda Finance, you can check if you qualify with no impact on your credit score*. This is called a soft credit check, and is only visible on your credit report to you.
How can I check if I qualify for a car loan?
If you’re considering applying for a loan with Jacaranda Finance, you can check if you qualify with no impact on your credit score*.
We understand that life moves fast. That’s why we do too. Apply before 3:00pm and Jacaranda Finance will give you a same day outcome2 on your loan application. Once approved, your funds will be transferred in 60 seconds3. This means you could apply, have your application assessed and receive your funds all within the same day.
It depends on how much you’re borrowing.
At Jacaranda Finance, if you’re looking to borrow less than $10,000, comprehensive insurance isn’t required as a condition of the loan – although we strongly recommend having appropriate cover to protect yourself and your vehicle.
If you're looking to borrow $10,000 or more, you’ll need to have comprehensive car insurance before your loan can be finalised. This is because your car is used as security for the loan, it must be protected against damage, theft, accidents or write-off. Before your loan can be finalised, you’ll need an active comprehensive insurance policy with at least $10,000 in cover. Your insurance needs to start from the day you take possession of the vehicle.
Is third-party insurance enough for a car loan?
If you’re looking to borrow less than $10,000, comprehensive car insurance is not a requirement for your loan. If you’re looking to borrow $10,000 or more, you must have comprehensive insurance, which covers damage to your own vehicle as well as other vehicles and property.
If you have any questions about what level of car insurance you require, including if you’re unsure whether your current car insurance policy meets these requirements, get in touch with our friendly customer support team.
Once you’ve been approved and have accepted your loan contract, we’ll automatically attempt to release the money to your account. Most customers get paid in 60 seconds3.
Using our loan repayment calculator you can estimate your repayments before applying.
Missed Payment Fees
For every missed payment, a fee will be applied. This cost is added to the account balance and can be paid with the next repayment cycle. If you’re concerned you’ll miss a repayment before the next due date, please contact our customer support team as soon as possible.
$3,000 - $25,000
