Jacaranda Finance offers car loans with fixed interest rates, providing secure, manageable repayments so you'll always know your position.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
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 there will be a set amount of interest payable 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.
With loan terms ranging from 25 months - 48 months and same-day pre-approvals available2, you’re in the driver’s seat with one of our Fixed-Rate Car Loans.
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.
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 rates | Variable rates | |
|---|---|---|
| Pros | Protection from sudden market fluctuations. There is no impact on your repayments if interest rates rise. Easier to budget your repayments and set long-term financial goals. |
Repayment flexibility (often no fees for additional repayments or paying off the loan early). More straightforward to refinance (you can switch lenders if a better rate becomes available at no cost). Decreased repayments if interest rates drop. More likely to have extra features. |
| Cons | They can be inflexible (this could be a positive or a negative, depending on financial conditions). Disadvantage when interest rates drop as you could be paying more than necessary. Possible penalties for additional repayments and for switching during the fixed term. Possibly fewer features (such as a redraw facility). |
Higher repayments when interest rates increase. Cash flow uncertainty (will you be able to afford a higher interest rate?). Could be more challenging to set accurate budgets for repayments and stick to them. Could be more challenging to plan financially for the future. |
We go above and beyond to protect your information and data in the Better Credit app.
Through bank-grade security, secure logins and 256-bit SSL data encryption, checking your credit score in the Better Credit app is completely safe.
See here for more information on data security, or contact our customer service team if you have any further questions.
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. With Jacaranda, you can get conditional approval in hours, not days.
What’s more, you can check if you qualify for a Jacaranda Car Loan without impacting your credit score.
Apply online or via our Better Credit mobile app today!
In addition to our rapid applications1 and fast pre-approval outcomes2, a Car Loan from Jacaranda can provide the following benefits when buying a car:
A Jacaranda Car Loan can be used to pay for:
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.There are additional documents we may require about the car, depending on whether you’re buying through a dealership or a private sale. Dealerships generally require fewer documents due to the reduced risk to both the borrower and the lender. See our page on car loans through private sales vs dealerships for more information on the documents we need.
Get in touch with us if you have any questions about whether the car you want is likely to be eligible.Read some of our most frequently asked questions below to learn more about Jacaranda and our Car Loans.
Jacaranda offers two loan products with varying loan amounts that you could borrow:
These two loan products also have varying loan terms:
For detailed information about who our products are designed for, please review our Target Market Determinations.
If you are unsure whether you're eligible, you can check if you qualify initially. This will not impact your credit score.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
Visit our rates and fees page to get an idea of the costs associated with our loan products.
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.Â
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.
There are additional documents we may require about the car, depending on whether you’re buying through a dealership or a private sale. Dealerships generally require fewer documents due to the reduced risk to both the borrower and the lender. See our page on car loans through private sales vs dealerships for more information on the documents we need.
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.
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.
We only offer fixed-rate loans. See our guide to fixed vs. variable interest rates to learn the differences between the two.
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.
$3,000 - $25,000
