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Fixed, secure repayments
Fixed Car Loans
- Fixed repayments to help you budget
- Loan terms up to 48 months
- Pay off your loan early at no extra cost
Jacaranda Finance offers car loans with fixed-interest rates, providing secure, manageable repayments so you'll always know where you stand.
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2,810+ Reviews
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890+ Reviews
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2,010+ Reviews
Trustpilot
1,060+ Reviews
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 24/04/24
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You can now check your eligibility,
with no impact on your Credit Score!
2,810+ Reviews
Google Rating
2,810+ Reviews
Word of Mouth
890+ Reviews
Product Review
2,010+ Reviews
Trustpilot
1,060+ Reviews
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 24/04/24
Award-winning lender
What is a fixed-rate car loan?
A fixed interest rate is a type of rate that stays the same for a period of time. With a car loan, having a fixed interest rate generally means your interest rate will remain unchanged for your entire loan period, which with Jacaranda can be as long as 48 months.
Fixed-rate car loans offer security and stability: your lender can't increase your rate during your loan term and you only have to pay the minimum amount of interest as set out in your loan contract. This secures your car loan repayment amounts for the loan period.
At Jacaranda, we offer fixed-rate car loans from $10,000 to $25,000, with consistent (yet flexible) repayments that make it easier to fit into your budget.
Need funds for something else? We offer fixed-rate personal loans too for up to $25,000.
How to apply for our fixed-rate car loans
At Jacaranda, we're a 100% online lender. That means there's no hefty paperwork or long lines with us: instead, we utilise state-of-the-art technology that allows you to:
- Complete your car loan application in just 5-12 minutes1 depending on your circumstances
- Receive pre-approval on the same day as your application2 during normal business hours
See our car loan details on the right and how our application process works below.
Loan Details
Loan Amount From:
$10,000 - $25,000
Loan Terms:
24 months - 48 months
Loan Type:
![Show the About Security modal]()
Secured
Rate Type:
Fixed
Repayment Options:
Weekly, fortnightly or monthly
Pre-Approval Available:
Most new applications are processed with conditional approval on the same day during normal business hours once all supporting information required has been provided2.
Maximum Car Age:
Up to 12 years old
No Early Payout or Exit Fees:
Customers who pay their loan out early do not incur any additional fees or charges for doing so. Fixed fees that have already been incurred are due and payable.
THE APPLICATION PROCESS
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.
Fixed vs variable rates: Which should you choose?
Fixed rates and variable rates are the two main types of interest rates for car and personal loans, and both offer distinct advantages and disadvantages depending on the person.
A fixed-rate car loan, for example, might suit people who like to stick to a budget and want to make consistent repayments, whereas variable rates can be useful for people who are okay with taking a bit more of a risk and plan on paying off their loan over a shorter period of time.
Jacaranda currently only offers fixed-rate car loans.Â
Fixed vs variable rate car loans: pros and cons
Below is a short summary of the general pros and cons of fixed and variable interest rates on car loans:
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Variable rates
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However, as you'll see below, a fixed-rate car loan with Jacaranda works a little differently…
Why get a fixed car loan with Jacaranda?
In addition to our rapid applications1 and fast pre-approval outcomes2, a Jacaranda fixed car loan can provide the following benefits you might not see on most other products.
Make additional repayments at no extra cost
It's true that fixed car loans often make it difficult to pay above your minimum repayments - but not Jacaranda's. With us, you can make extra repayments on top of your minimum, and there are no fees for doing so. Just log in to your online account or speak to our customer service team to manage your car loan repayments.
No charge for early payouts
Say you come into some money and want to pay out your car loan entirely ahead of schedule so you own the car outright. Some lenders would charge you a fee for doing so, but not Jacaranda.
With our fixed-rate car loans, customers who pay their loan out early do not incur any additional fees or charges. As our loans are interest-bearing, the total interest paid will likely be lower by repaying your car loan ahead of schedule.
Fixed fees that have already been incurred are due and payable.
Flexible repayments your way
Want to change the day of the week you make your regular loan repayments, such as your regular payday? Or do you want to make your repayments more frequently (say weekly instead of monthly) and save a bit of money doing so?
You can easily manage your car loan repayments online 24/7, 365 days a year, thanks to our secured self-service customer portal. Repayments can be automatically deducted via direct debit, so all you need to do is make sure you have the money in your nominated bank account by the due date.
Award-winning lender with outstanding customer service
Jacaranda has been recognised by several awards, and our customer service team are friendly, respectful and approachable. As a trusted lender for almost 10 years, we pride ourselves on offering some of the best customer service in Australia.
48-hour cooling-off period available
Changed your mind after receiving your funds? We offer a 48-hour cooling-off period for all loan products4. Simply call our customer service team to cancel your loan.
In addition to our rapid applications1 and fast pre-approval outcomes2, a Jacaranda fixed car loan can provide the following benefits you might not see on most other products.
Car Loans up to $25,000
Don't wait days for approval with other lenders. Apply during our business hours and you could get an outcome that same day (once all information has been provided)2.
What can I get with a fixed car loan from Jacaranda?
Here's what you can use our fixed-rate car loans to buy - we also offer personal loans for car repairs if you need money to fix your car.
New and used cars
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 12 years old or less, is roadworthy, has under 150,000km (petrol cars) and fits within our maximum loan amount, you can get a car loan for it with Jacaranda.
Why you'll love dealing with Jacaranda
At Jacaranda, we know that sometimes life can throw the unexpected at you. That's why we're on a mission to assist hard-working Australians with fast, reliable and responsible access to finance for life's expenses when you get caught short. We're 100% online, Australian-owned and operated, and we make applying for finance simple and fast.
Here are some other reasons our customers love us:
- We've been providing finance to hardworking Australians for nearly 10 years. We've already helped over 50,000 customers and we have thousands of positive reviews.
- Get started with an application and be done in as little as 5-12 minutes1 or once you've started an application come back and pick up where you left off in your own time. The application time varies per customer and it might take you longer.
- Our smart technology allows us to get back to you with a fast outcome. Most applicants get a same-day outcome once the application is completed2 during normal business hours.
- If you accept our loan offer by signing your digital contract the funds are usually in your bank account and ready to use within 60-seconds3 if you have a New Payments Platform (NPP) enabled bank account. If you don't, your funds are usually available overnight.
- Our friendly and respectful Australian-based customer service team are here to help you. Existing customers can log into the self-service customer portal, 24/7, 365 days per year.
- Anyone unsatisfied with their loan for any reason, and who still has the funds, can return the money within a 48-hour cooling-off period and cancel their loan. Simply contact our customer service team.
Don't just take our word for it
We strive to offer superior customer service - our Australian-based teams are friendly, personable and helpful and most of the time the first person you deal with can assist with your query. We're open on Saturdays too!
Don't believe us? Check out what scores of happy previous Jacaranda customers have had to say below!
Trusted by 1,000s
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It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much.
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Super easy and fast system, applying was seamless and money was instant!
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Fast, reliable service had money in acc same day
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Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.
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Brilliant service and quick action during application process the best there can be when it comes to quick loans.
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Jacaranda finance is definitely one of the smoothest and easiest places to apply for a loan. They make the process comfortable and with no hassle. Would recommend Jacaranda to any one !
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I found jacaranda after a few other places wouldn't even look at my application, there process was pretty quick, got a response almost immediately and a good deal! Can't ask for much more, would use again and recommend.
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Good people to work with. Application was easy and straight forward. Could use different payment options, but still good options. Would use again.
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Excellent service once again from Jacaranda. Great improvements to the application process, very easy & efficient.
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Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you.
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Jacaranda finance were amazing they took into account all of my circumstances when other lenders wouldnt. They were easy to contact and keep me up to date at all stages of the easy process.
Check out our other car loan FAQs
Fixed Car Loan FAQs
Still have questions about how our fixed car loans work? Here are the answers to some of our most frequently asked questions.
We only offer fixed-rate loans. See our guide to fixed vs. variable interest rates to learn the differences between the two.
You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $5,000 and $25,000.Â
For detailed information about who our products are designed for, please review our Target Market Determinations.
Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loans, visit our rates and fees page.
The interest rate, fees and charges applied to your loan will depend on your individual circumstances and the information verified during the loan assessment. It will also depend on our assessment criteria, loan amount, and loan term for which you qualify.
Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.
The basic eligibility criteria you must meet before submitting an application:
- 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 for a car loan, we have specific requirements for eligible cars that we finance, which include:
- The vehicle cannot be older than 12 years at the time of your purchase
- The vehicle can be purchased from a licensed car dealer or a private seller
- The vehicle must be comprehensively insured and roadworthy
Get in touch with us if you have any questions about whether the car you want is likely to be eligible.
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.
We use the information you provide in the online application form as well as information on your bank statements to make sure that you qualify for a loan product during our credit assessment. If you don't qualify, your application will be declined without a credit check being conducted.
Once we have verified that you meet our non-credit report-related criteria, we do perform a credit check as part of our credit assessment, where an inquiry will be left on your credit file.
We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years, and it can be supplied on demand.
There are four credit reporting bodies that we may use to conduct a credit check:
- Equifax
- Experian
- illion
- Talefin
Review our Privacy Policy for more information.
we're here to help
Need a hand?
Our customer service team are here to help.
If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.
