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Online Car Loans Australia

October 13, 2020 6 minute read
Online Car Loans Australia

Car Loans Online up to $35,000

For most Australians, a car is the second biggest purchase they will make in their lifetime, after buying a home. That’s why it’s important to make a smart choice when choosing your car finance. Online car loans allow you to compare offers easily before you apply for finance. 

At Jacaranda Finance, we can provide affordable car loans of up to $35,000 completely online. We are a 100% online lender, which means that from application to approval, everything is done online. All you need to apply is a few spare minutes, an internet connection and a mobile or laptop device.

What are online car loans?

Car loans approved online are a type of loan used to cover the expenses of buying a car. You can use an online car loan to fund either a portion or the entirety of your vehicle purchase. Whether the car you are purchasing is new or used, an online car loan can be used to cover the finance. 

Looking for the best car loans online? We offer fast car loans online up to $35,000 for both new and used cars. You can apply online anywhere, any time with our simple and easy online application form. 

Online car loans for bad credit

Worried that your credit score will stop you from accessing car finance? You may find it difficult to get approval from a traditional lender with a bad credit score as they have much stricter assessment requirements. However, with an online lender like Jacaranda Finance, we can be much more lenient and offer online car loans for bad credit

We like to put a focus on your current financial situation. If your relationship with money has improved since your credit score was impacted, we may be able to provide you with a bad credit car loan. We partner with Credfin, a web-based solution for the retrieval of bank statement data. This enables us to access read-only copies of your bank statements in just a few minutes. We will analyse your current income and spending to determine whether a car loan is affordable for you. We will never lend you money that we believe you will not be able to repay. We follow the responsible lending obligations set by the ASIC to protect both lenders and borrowers from incurring unpayable debts. 

If you are on Centrelink and searching for car loans, we can offer car loans to people on Centrelink. We consider most Centrelink payments as regular income. What is important to us is that you can afford your car loan repayments, whether this is with a full-time income or with Centrelink benefits. If you meet the rest of our eligibility criteria and have been receiving your benefits for at least the last 90 days, we may be able to provide you with an online car loan. 

How it works

We offer car loans online up to $35,000 to be repaid over a term of 1 to 4 years. The online application form typically takes under 10 minutes to complete, and you could have an outcome the same day you apply (if you apply during AEST business hours). Simply select how much you wish to borrow and complete your application using our easy car loans repayment calculator and we will handle the rest! You will need to let us know what the make and model of the vehicle you are purchasing is, as well as the price and the age of the car (if it is used). 

All of our car loans are secured car loans. This means you will need to provide an asset, such as a car or boat, to secure the loan. In some cases, you may even be able to use the car you are purchasing as security against your loan. 

How to apply

Ready to apply for car loans online with Jacaranda? We make applying for car loans quick and easy with our 100% online application process. Follow these simple steps and be in your new wheels in no time!

Step 1: Apply online

Step 2: We assess your application

Step 3: We let you know whether your application was successful or not

Step 4: If your application was approved, review and sign your contract

Step 5: Receive your money

Eligibility criteria

We have a few eligibility criteria all of our applicants must meet. Please ensure that you can say ‘yes’ to the following requirements prior to applying.

  • You are at least 18 years old
  • You are an Australian citizen or Permanent Resident
  • You have had a consistent income into your bank account for the last 90 days
  • You have an email address and mobile number
  • You have internet banking set up

Documents required

In order to fast track our team’s processing time, please make sure you have all of these documents handy when you apply for a used car loan with us.

  • 100 points of identification
  • Your basic personal information (name, D.O.B, address etc.)
  • Online banking login details 
  • The reason for your loan application (in this case, a car loan)
  • Your myGov details (if you receive Centrelink benefits)  

Types of loans we offer 

In addition to our online car loans, we can provide finance for a range of other purposes. Here’s a quick overview of our different personal loans and what they can be used for:

Loan type What it’s best for
Personal loan  Personal purchases, medical bills, vet bills for your pet etc. 
Secured personal loan  Home renovations, big purchases 
Car loan  Cars, utes, motorbikes or any other motorised vehicle 
Consolidation loan  Combine multiple debts into a single payment to save in interest 


Do you still have questions about our used car finance? You may find your answer here!

Can I get a used car loan if I’m a student?

The short answer is yes. As long as you meet the rest of our eligibility criteria, we may be able to provide you with a car loan. However, we do not accept any form of Centrelink study payments (Youth Allowance, ABSTUDY, Austudy) as a form of income as it is considered ‘temporary income’. However, if you are a student and can afford your loan repayments, we may be able to approve you for a car loan.

Do you offer guarantor car loans?

We can provide guarantor car loans. Guarantors will co-sign the loan agreement with you, taking part of the repayment responsibility onto them. If you are considering a guarantor loan and have further questions, you can contact our team. 

What are the fees and charges?

This will depend on how much you are looking to borrow and your current financial situation. If you would like an in-depth breakdown of our fees and charges, refer to our car loan interest rates page or use the loan slider

I’m a casual worker, can I get a car loan?

As long as you meet our eligibility criteria, then yes we may be able to provide you with car loans for casual employees. Every application is subject to a full assessment. If we deem that you can comfortably make repayments on your current income, then we may be able to offer you an online car loan. 

Do you charge early repayment fees?

We do not charge early settlement fees. If you are able to repay your loan early, you are free to do so. This could save you money on interest and other monthly repayment fees.

*If you apply within our business hours.

**If you have an NPP-enabled bank account.

Reviews don’t lie 🌟

Reviews current as of June, 2021.

Our low rates

Our low rates

💰 Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

🚗 Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.