Are you in the market for a new car? Jacaranda Finance offers car loans for up to $30,000 with fixed-interest rates and secure, manageable repayments, so you'll always know where you stand.
*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.
A New Car Loan is a Secured Car Loan specifically used to finance the purchase of a new vehicle. As new cars tend to be a fair bit more expensive than used ones, many people turn to a car loan in order to receive the funds to complete the transaction.
You can borrow up to $30,000 for a New Car Loan depending on your circumstances - noting that you can still contribute more towards a deposit for a more expensive car. You'll then repay what you borrowed (plus interest) in regular instalments over your designated loan term.
At Jacaranda Finance, we offer the same rates and fees for both used and new cars. As long as the car meets our minimum criteria, chances are you can apply for a New Car Loan with Jacaranda Finance.
If you haven't yet decided on the car you're going to buy, don't worry! Jacaranda Finance offers pre-approval on car loans that will outline exactly how much you can borrow based on your circumstances. Our conditional pre-approval can also tell you what your estimated repayments will be as well as your potential interest rates and fees.
Going down this route can give you the opportunity to shop around for the right car. It can also help your application proceed more smoothly than applying for a loan after finding a car.
See how our car loan application process works below.
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.
At Jacaranda Finance, we offer car loans for the following. We also offer personal loans for car repairs if you need money to fix your car.
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 can get a car loan for it with Jacaranda Finance.
A Fixed-Rate Car Loan from Jacaranda Finance can provide the following benefits when buying a new car:
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.
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 Finance.
Jacaranda Finance 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.
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.
Jacaranda Finance has been recognised by several awards, and our customer service team are friendly, respectful and approachable. As a trusted lender for over 10 years, we pride ourselves on offering some of the best customer service in Australia.
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.
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
