New Car Loans

Are you in the market for a new car? Jacaranda Finance offers car loans for up to $25,000 with fixed-interest rates and secure, manageable repayments, so you'll always know where you stand.

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Complete your application in minutes1
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Same-day outcomes during normal business hours once all information has been provided2
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Borrow up to $25,000

Check If You Qualify

With no impact on your credit score!

Check If You Qualify with no impact on your credit score!

*Subject to lending criteria, T's and C's'

*Subject to lending criteria, T's and C's'

Are you in the market for a new car? Jacaranda Finance offers car loans for up to $25,000 with fixed-interest rates and secure, manageable repayments, so you'll always know where you stand.

Decorative graphic of a clock
Complete your application in minutes1
Decorative graphic of a calendar
Same-day outcomes during normal business hours once all information has been provided2
Decorative graphic of a Coin
Borrow up to $25,000

Award-winning lender

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Why get a new car loan with Jacaranda Finance?

Nearly everyone will need a car at some point down the road. In fact, more than three-quarters of Aussie households have at least one car right now.

While cars are important, they're also expensive to buy, and if you need a new one, the actual process of obtaining the money you need can be a major pain point. But not with Jacaranda Finance.

Thanks to our fast, fixed-rate car loans, you could obtain the money you need to buy your new car in next to no time! We can conditionally approve you for a new car loan of up to $25,000 in a matter of minutes, with repayments spread out over up to 48 months.

How do new car loans work?

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 $25,000 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, 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.

Apply for pre-approval today

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, or click here if you're ready to get started!

Loan Details
Loan Amount From:

$10,000 - $25,000

Loan Terms:

25 months - 48 months

Loan Type:
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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.

What else can a Jacaranda car loan be used for?

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.

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.

See our Used Car Loans.

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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!

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Trusted by 1,000s

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Benefits of a new car loan with Jacaranda

A fixed-rate car loan from Jacaranda 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.

Jacaranda 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 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.

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.

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Am I eligible for a Jacaranda car loan?

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, we have specific requirements for car loan applicants, 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 need more information on our eligibility requirements.

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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.

New car loan FAQs

Need more information? Here's what else you might need to know about our new car loans.

Yes. All of Jacaranda's car loans are secured, and the car you're buying is included in the loan as security. This means we can repossess the car and sell it if you default on the loan, but rest assured, our approval process takes care to ensure this doesn't happen!

Learn more about our secured car loans here.

Yes! We offer loans for both new and used cars - it just has to fit within our criteria above.

You can apply for varying loan amounts with Jacaranda, depending on your needs. With our Express Personal Loan, you can borrow between $3,000 and $25,000. 

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.

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 hard credit check being conducted. We review all applications, even those who have bad credit.

Once you've checked if you qualify, and if you do qualify, you have the option to submit your application to Jacaranda to perform a credit assessment. By submitting a full application, you authorise Jacaranda Finance Pty Ltd to obtain a copy of your full credit file. This may impact your credit score.

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. At Jacaranda, you speak to a real human being every time.