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Online Car Loans From Jacaranda
October 13, 2020● 5 minute read●
Easy car loans online
Buying a car is exciting! For most Australians, a car is the second biggest purchase they will make after buying a home. That’s why it’s important to make a smart choice. 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 – entirely online. Above all, we want to make applying for car loans as simple as possible. So, we’ve streamlined our online application to ensure fair assessments and fast outcomes for all our customers. Forget the queues and the unnecessary paperwork! With Jacaranda, you can apply from anywhere in Australia with just a few clicks.
Not convinced? Keep reading to find out more about our cheap car loans.
What is a car loan?
A car is one of the most important assets you can own. If you need a new vehicle but don’t have the funds to purchase it straight away, a car loan can help you cover the immediate cost. This enables you to not only purchase a car but drive it, as you repay your loan over a set period of time. As a form of personal finance, you can use a car loan to purchase brand new or used vehicles, depending on the financial provider.
Can I get a car loan online?
At Jacaranda, we offer free, no-fuss applications for online car loans. Anyone who meets our criteria can apply. To be eligible, you must be at least 18 years old and an Australian citizen (or permanent resident). You’ll also have to provide at least 90 days proof of income as well as your online banking details. That’s it! If you’re unsure which loan might be best for you, you can always turn to our loan specialists for advice.
Are your car loans secured?
Yes, they are! All of Jacaranda’s car loans are secured loans. This means you will need to provide some type of asset, such as a car or boat, to secure your loan. In some cases, you may be able to use the car you are purchasing as security against your loan.
Can I get a car loan with bad credit?
Yes, you can! At Jacaranda, we do our best to help all of our customers. We understand that bad credit can arise from a number of situations and believe this shouldn’t bar you from having access to finance when you need it. That’s why we look at a range of factors when assessing our loan applicants. As a result, you could be eligible for one of our bad credit car loans.
How long does it take to get an online car loan?
Our online car loans are designed to be as quick and easy as possible! The application process typically takes under 10 minutes to complete, especially if you have the required documents handy. Once submitted, you could receive an outcome shortly after applying (if you apply during AEST business hours). If approved, then you’ll just need to sign your loan contract electronically. As soon as we receive your signed contract, we’ll transfer the funds to your bank account. If your financial institution has NPP-enabled payments, the money could be in your account and ready to use within just 60 seconds! Find out if your bank has NPP-enabled payments, look them up here.
Can I refinance my current car loan?
You sure can! If you have a car loan with us or you’re just looking to get a better deal on an existing loan, we may be able to help. For new customers, you can apply for refinance through our standard application form. Alternatively, if you’re an existing customer, get in touch with our team to see how we could help you.
Refinancing can be a great way to save money on interest and other fees attached to your contract. However, before you apply it’s important to do your research. To learn more about the pros and cons, check out our helpful guide on car loan refinance.
Do you offer used car loans?
Yes! We can provide used car loans up to $35,000, with loans terms of 1 to 5 years. Simply apply online through our standard application. The same requirements will apply as if you were getting a loan to purchase a new car. That means you will need to provide some type of collateral as part of your contract, since all of Jacaranda’s car loans are secured.
How to apply for online car loans
Step one: Fill in the online application
It generally takes just a few minutes to fill in our online application form. Simply use the loan slider to specify how much you want to borrow. Our loan calculator will then estimate how much you may have to repay. You can play around with the slider until you are happy with the proposed loan terms. When you’re ready, just click ‘Apply Now’. From there, you just need to fill in a few final details and you’re ready to go!
Step two: We get working
Now you can lean back and relax. We’ll get to work assessing your application and whether we’re able to provide you with the finance you need. If you apply during AEST business hours, we could get back to you with an offer in 60 minutes. If you’re approved, you will receive a digital loan contract to sign. We advise that you read it thoroughly before agreeing to the terms and conditions.
Step three: Receive your funds
Once we receive your signed contract, we’ll transfer your funds immediately. Should your bank offer instant transfers, the cash could be in your account and ready to use in just 60 seconds. Then, it’s time for you to hit the road in your new wheels!
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 |
Eligibility requirements to apply
If you’re wondering if you’re eligible to apply for our online car loans, search no more!To be eligible you must:
- Be at 18 years or older
- An Australian citizen or permanent resident
- Have received a regular income into a personal bank account for 90 days prior to applying
- Have internet banking set up
- Have an active mobile number and email address
Why choose us?
Jacaranda Finance isn’t your average lender. We work hard to provide our customers with financial assistance, fast. That’s why we offer 100% online car loans. They’re easy, they’re convenient, and above all, they’re quick. We won’t leave you waiting around for days for an outcome. Instead, we could have an outcome for you in just 60 minutes!*
So, what are you waiting for? You’re only a few clicks away from purchasing your dream car!