Know your budget and shop around for the right car with same-day car loan pre-approval2 from Jacaranda Finance.
Subject to lending criteria, terms and conditions. See below for details.
Subject to lending criteria, terms and conditions. See below for details.
Car loan pre-approval is when you apply for a car loan before buying a car. The lender will look at your application and conditionally approve you for a loan up to a certain amount.
Since buying a car can involve quite a lot of time and money, you don’t always know exactly what car you’re going to buy and what you can afford. Pre-approval means you can see the amount you’re eligible to borrow and the repayments you can expect if you buy a car.
At Jacaranda Finance, we understand 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. This is especially true if you need a car quickly.
That’s why we make it possible to receive pre-approval on the same day you apply for your car loan2. Applying takes just a few minutes1, and once assessed, we could conditionally approve you for a certain amount, giving you the confidence to go out and buy the right car for you without wasting time.
You can even check if you qualify for a loan beforehand without impacting your credit score at all!
Buy your next car on your own terms with a fast, flexible and secure Jacaranda Finance Car Loan.
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.
The way our pre-approval works is pretty straightforward (at least it is from your end!). Here’s a quick guide to getting your same-day car loan pre-approval2:
We go above and beyond to protect your information and data in the BetterCredit app.
Through bank-grade security, secure logins and 256-bit SSL data encryption, checking your credit score in the BetterCredit app is completely safe.
See here for more information on data security, or contact our customer service team if you have any further questions.
If you're ready to apply, our loan application process has been perfected over time to be as simple and quick as possible. You can:
Check if you qualify for one of our Personal Loans today!
In addition to our rapid applications1 and fast pre-approval outcomes2, a Car Loan from Jacaranda Finance can provide the following benefits when buying a car:
Jacaranda Finance is reporting data under the Comprehensive Credit Reporting (CCR) regime.
This means that your credit behaviour, such as making timely repayments and managing your loans responsibly, will be reported, potentially strengthening your credit profile.
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.
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*.
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
