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.
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.
Award-winning lender
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.
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.
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.
Am I eligible for a Jacaranda secured car loan?
You must meet the following basic eligibility criteria 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.
If you are unsure whether you're eligible, you can check if you qualify initially. This will not impact your credit score.
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. Generally speaking, however, the car will be eligible as long as it's roadworthy and fits within our maximum loan amount.
There are additional documents we may require about the car, depending on whether you’re buying through a dealership or a private sale. Dealerships generally require fewer documents due to the reduced risk to both the borrower and the lender. See our page on car loans through private sales vs dealerships for more information on the documents we need.
Get in touch with us if you have any questions about whether the car you want is likely to be eligible.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.
Trusted by 1,000s
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, we have specific requirements for car loan applicants. Generally speaking, however, the car will be eligible as long as it's roadworthy and fits within our maximum loan amount.
There are additional documents we may require about the car, depending on whether you’re buying through a dealership or a private sale. Dealerships generally require fewer documents due to the reduced risk to both the borrower and the lender. See our page on car loans through private sales vs dealerships for more information on the documents we need.
Get in touch with us if you have any questions about whether the car you want is likely to be eligible.
Visit our rates and fees page to get an idea of the costs associated with our loan products.
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.Â
Your repayments will vary depending on several factors, such as the amount you borrow, your loan term, interest rate, and more.
If you're approved, the loan contract will include all of the loan details, including the repayments, terms, interest rate, and fees, for you to review before signing.
Use our loan repayment estimate calculator to get a guide on what your repayments could be based on some of these factors. Visit our rates and fees page to get an idea of the rates, fees, and charges associated with our loan products.
Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.
If you don't meet our initial criteria, your credit score won't be affected.
Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.
We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.
Other lenders will be able to see that you applied for a loan with Jacaranda.
This might impact your credit score.
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
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.
You can easily get in touch online or via the Better Credit app. Jacaranda's customer service team is available to chat six days a week, and services are available online 24/7.