Dealership Car Loans

There are a couple of extra things we may need from you depending on whether you're buying from a private seller or a dealership:

• The seller's driver's license
• The car's current registration
• Confirmation of their bank account details and proof of income
• A roadworthy certificate
• And pictures of the vehicle inside and out.

You could still qualify for a Car Loan in no time thanks to our fast online application process, regardless of whether you choose to buy privately or from a dealership.

The basic eligibility criteria you must meet before submitting an application for our Car Loan are as follows:

• Be at least 19 years of age.
• Be employed on a permanent or casual basis.
• Have a consistent income going into your own bank account for the last 90 days.
• Be in control of your finances and be handling existing financial commitments comfortably.
• Be an Australian citizen or permanent resident with a fixed address.
• Have an active email address, phone number, and online banking account in your name that belongs to you.

We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:

• You are currently or recently bankrupt (you must be three years discharged and in control of your finances).
• You are not comfortably repaying your existing financial obligations.

In addition to qualifying, we have specific requirements for car loan applicants. Generally speaking, however, the car will be eligible as long as it's roadworthy and fits within our maximum loan amount. Get in touch with us if you need more information on our eligibility requirements.

Yes. Our conditional pre-approval can give you the confidence to know how much you can borrow, so you can buy the right car when you find it. Most new applications are processed with conditional approval on the same day during normal business hours once all supporting information required has been provided².

See our car loan pre-approval page for more information on how this process works.

Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner.

Applying for a Car Loan with Jacaranda Finance takes most people 5-12 minutes¹, but it could take longer depending on a number of factors such as, but not limited to, how fast you are at typing or if you have all the required information on hand.

For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day during normal business hours². We do not guarantee same-day outcomes for all customers: customers who apply outside of business hours, or customers who are required to provide additional information may experience a longer timeframe.

Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.

If you don't meet our initial criteria, your credit score won't be affected.

Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.

We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.

Other lenders will be able to see that you applied for a loan with Jacaranda.

This might impact your credit score.

Review our Privacy Policy for more information.

Your repayments will vary depending on several factors, such as the amount you borrow, your loan term, interest rate, and more.

If you're approved, the loan contract will include all of the loan details, including the repayments, terms, interest rate, and fees, for you to review before signing.

Use our loan repayment estimate calculator to get a guide on what your repayments could be based on some of these factors. Visit our rates and fees page to get an idea of the rates, fees, and charges associated with our loan products.

Yes, you can cancel your loan application at any point. Simply contact our application concierge team, and they will be able to assist you. Alternatively, reply to any SMS or email we have sent you to withdraw your application.

If you've already received your funds, we offer a 48-hour cooling-off period for all loan products. Anyone unsatisfied with their loan for any reason can return the total principal funds, including any payments made to third parties on your behalf, within a 48-hour cooling-off period and cancel their loan.⁴