Secured Car Loans

Get in the driver's seat with a Jacaranda Finance secured car loan. Apply today and access up to $25,000 for your next set of wheels.

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Simple & easy application
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Approval for cars up to 12 years old
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No early payout or exit fees

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'

Get in the driver's seat with a Jacaranda Finance secured car loan. Apply today and access up to $25,000 for your next set of wheels.

Decorative graphic of a Check
Simple & easy application
Decorative graphic of a calendar
Approval for cars up to 12 years old
Decorative graphic of a Coin
No early payout or exit fees

Award-winning lender

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Why get a secured car loan with Jacaranda?

Jacaranda Finance's secured car loan is competitive, flexible, and above all, fast. Our application form can take just 5-12 minutes1 to complete, and you can find out your result on the same day2. With a Jacaranda secured car loan, it's possible to find and drive away in your new car on the same day as your application. It's just that quick!

When you combine our loan terms matched to your financial circumstances and our easy-to-manage repayments with no extra repayment fees, our secured car loan could be the smart choice for the modern driver.

  1. Applying for a 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.
  2. Most customers get an outcome on their loan application on the same day during normal business hours once we have received all of the supporting information we require. We do not guarantee same-day outcomes for all customers. Customers that apply outside of business hours or customers that are required to provide additional information may experience a longer timeframe.
Loan Details
Loan amounts:

$10,000 - $25,000

Loan terms:

25 months - 48 months

Loan type:
Show the About Security modal

Secured

Rate type:

Fixed

Repayment options:

Weekly, fortnightly or monthly

Pre-approval available:

Most new applications are processed with a conditional approval on the same day during normal business hours once all supporting information required has been provided.

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.

What is a secured car loan?

What is a secured car loan?

A secured loan is a method of borrowing money that requires you to attach an asset (also referred to as collateral) to your loan. This asset is something of value that the lender will use to cover the cost of a loan in the event that it fails.

When you apply for our secured car loan, we will require that you attach the car you’re buying to your loan.

Can you get an unsecured car loan?

Currently, Jacaranda Finance does not offer unsecured car loans, as the car that you received the loan for will become the security. We do, however, provide unsecured personal loans.

See also: 5 Differences Between Secured and Unsecured Loans.

How to apply for a Secured Car Loan

How to apply for a Secured Car Loan

Applying for a car loan with Jacaranda Finance is both simple and fast. Our unique award-winning technology makes it easy for you to begin your application online, send us documents, manage your loan and communicate with us at any point in your lending journey.

See below for how our application process works, or click here to get started.

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.

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Am I eligible for a Jacaranda secured 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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What can a Jacaranda secured car loan be used for?

Our fast secured car loans can be used for all kinds of different purchases. We also offer personal loans for car repairs if you need money to fix your car.

New and used cars

You can get a brand new car as well as used ones with a secured Jacaranda Finance car loan, whichever suits you best. It doesn’t matter what model it is: as long as it fits within our criteria, you could get a car loan for it with Jacaranda.

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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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Secured Car Loan FAQs

Here are some of our most frequently asked questions about secured car loans…

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.

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.

In addition to qualifying for a car loan, we have specific requirements for eligible cars that we finance, which include:

Get in touch with us if you have any questions about whether the car you want is likely to be eligible.

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.

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.

If you're approved, all of the loan details, including the repayments, terms, interest rate and fees, will be in the loan contract for you to review before signing.

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.

Yes, you can cancel your loan application at any point. Simply contact our application concierge team, and they will be able to assist you. Alternatively, reply to any SMS or email we have sent you to withdraw your application.

If you've already received your funds, we offer a 48-hour cooling-off period for all loan products. Anyone unsatisfied with their loan for any reason can return the total principal funds, including any payments made to third parties on your behalf, within a 48-hour cooling-off period and cancel their loan.4

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.