Sometimes life throws you a few curveballs. Sometimes you’ll be able to catch them, other times it simply won’t be possible. Hey, we’re not all jugglers. So, what are we meant to do when things happen out of the blue? Here at Jacaranda, we may have the answer: cash loans.
Cash loans: faster than the speed of light
Jacaranda isn’t only here for emergencies. While we can help you through the tough times, it’s not the only thing we can help with. If you’d like to award yourself with a luxury, but aren’t willing to wait, we can help you with that too! Perhaps you’ve worked hard, and feel you deserve a well-earned getaway escape? Maybe, you’d love to reward yourself with a luxurious mattress and bedspread. Jacaranda is here to help you in these situations, too! So, if you think this sounds good, read on and we’ll tell you more about our Jacaranda Finance cash loans.
Customers can apply for three types of cash loans – small personal loans, and medium and large secured personal loans. We offer smaller unsecured loans that don’t require a security deposit. Our medium and large loans, however, do require a deposit. Customers can use a variety of assets as security against their loan. They can use their vehicle, motorbike, boat or caravan.
How much can I borrow?
Jacaranda Finance offers small personal loans up to $2,000. Customers can apply to borrow between $300 – $2,000, without putting up any security against the loan. Customers can also borrow up to $10,000, with our secured personal loans. For loans that are over $2,001, customers will be required to put forward either a car, motorbike, boat or caravan as security.
How long are the loan terms?
The small personal loans we offer have 12-month loan terms. That means customers can borrow between $300 and $2,000, and repay this amount over the 12-month period.
Our medium (up to $4,600) and large ($5,000 – $10,000) secured personal loans can be repaid over a period of 13 to 24-months. To find out the cost of your potential loan, play around with the loan calculator above!
Why do people apply for cash loans?
Customers apply for cash loans for several reasons. To give you an idea of what some people usually use their cash loans for, check out the following list:
People borrowing cash to pay for their car registration is one of the most common reasons to apply for cash loans. Somehow we never seem to budget for it, despite knowing it needs to be paid every year. Depending on the type of car you have, it can cost between a few hundred to over a thousand dollars.
If your car breaks down, or if you have an accident, it might mean you need to pay for an emergency car repair to get your vehicle back up and running again. We feel your pain!
If you are planning on renting a new place, you will be required to pay a rental bond. Depending on the cost of the property that you are going to be renting, tenants can be expected to pay hundreds to thousands of dollars.
Perhaps you need a new bed frame, or a TV stand or bookcase? Whatever your furniture needs, whatever your reason, cash loans could be the answer.
Customers often apply for cash loans to help pay for a used car. Used cars can cost people at least a few thousand dollars. To make the purchase of your used vehicles, cash loans can be exactly what you need.
Everybody knows going to the dentist can be expensive. Whether our customers are getting a filling, or a full root-canal, Jacaranda can help ease the pain.
Customers use Jacaranda’s loans quite often to pay for white goods. It can be super stressful out trying to figure out how to pay for expensive appliances. Jacaranda can help kit you out, whether you need a new fridge, washing machine, dryer or air conditioner.
How do you apply for cash loans?
Jacaranda Finance’ cash loans application process is super simple. Our form is done 100% online, and is really quick and easy to complete. We’ve explained how it all works just below. Keep reading, won’t you!
Where do you apply?
To apply for cash loans just head to our homepage. Our application form will ask you questions about the following:
- Name and date of birth;
- Contact details including phone number and email address;
- Your purpose for borrowing the loan;
- Details about your employment status;
- Info about your income.
How do I apply?
Potential customers should look at our application form here. Clients just need to fill out the online application form, and then provide the required information. Our online form only takes a few minutes to complete. Then, click submit and wait for our response. We’ll try get back to you within an hour of applying. Keep an eye on your phone and emails in case we need any extra info from you.
To qualify for our cash loans, you simply need to meet a few eligibility requirements. To apply for a loan with us, you must be:
- At least 18 years of age;
- Need to an Australian citizen or permanent resident;
- Be receiving regular income over the past 90-days.
If you have been declared bankrupt or are in, or entering into, financial hardship, we unfortunately cannot provide you with a loan.
Even if you have bad credit we do cash loans for bad credit because we know that your credit rating isn’t necessarily an accurate representation of your financial circumstances. That’s why we prefer to look at your recent financial transaction to see that you can afford the loan and manage repayments.
Customers are required to provide some of the following information as a part of their application:
- Some form of Identification – we typically ask for 100 points of ID, although we do online identity checks;
- Your internet banking details;
- Your mobile phone number and email address.
When do I sign a contract?
You should receive an outcome on your loan application within an hour of applying. Keep in mind, this contingent on you applying within normal business hours. Once we have approved your application we’ll send you send you a loan contract. From there, you can either reject or accept the loan contract – it’s up to you.
How do I get approved?
Customers first have to meet the eligibility requirements listed above to be approved for a loan. You’ll also need to fill out our online application form. Make sure you’ve entered your details correctly, and provided us with all the information we need from you.
Why was my application denied?
If your loan application not accepted, you’re welcome to email email@example.com to follow up on why. There are, however, a few reasons why your application was denied this time:
You are paying off other cash loans
If we suspect you are planning on using the loan you applied for to pay off another cash loan, we cannot approve your request. When we do a banking check of your most recent financial transactions, we’ll be able to see if you are paying off any other debts. This check allow us to see if you are planning to use the new cash loan to pay off the old one.
You are unemployed with no income
Unemployed customers, or those with no income, will not have their loan applications approved. If we see that you aren’t receiving income from ongoing employment, we won’t be able to lend you any cash loans. That’s why we need to verify your income, so that we can see that you will be able to afford to repay the loan.
You have too many dishonoured payments
Customers could be deemed a risky borrower if they have too many dishonoured payments. If this is the case we are less likely to loan them money.
Your income is paid to you in cash
Perhaps you earn your money the old-fashioned way – cash in hand. However, it will be difficult for us to verify your income if this is the case. Unless you deposit your cash directly into your account when you get paid, you are unlikely to be approved for a loan.
Paying gambling sites
If we can see you have been regular making payments to gambling sites, your loan application may be denied. Jacaranda will be less likely to extend you a loan offer, as we will deem you a risky borrower.
You didn’t meet the eligibility requirements
Finally, you won’t be accepted for a loan, if you did not meet the eligibility requirements.
Repaying the loan
Setting up your repayments is the next step once you’ve applied for the loan, accepted the contract and started receiving funds.
How do repayments work?
We take repayments through a direct debit of your nominated bank account. Payments can be arranged to come out of your account on a weekly, fortnightly or monthly basis. Which payment interval you would prefer is up to you. However, lining up your pay cycle with our direct debit is the most hassle-free way of making sure there’s always enough money in your account.
What if you can’t make a repayment?
If you can’t make a payment when it is scheduled to be made, it’s important to contact us as soon as possible. This way we can work things out in an alternative arrangement. We get that things crop up in life, and things don’t go always go to plan.
Why people borrow cash loans from Jacaranda?
People choose cash loans from Jacaranda Finance for a huge number of reasons. Here are just a few reasons people get their cash loans from Jacaranda finance:
- Our application process is super easy and fast! – because we are 100% online, applying for cash loans with us is incredibly simple and uncomplicated. Since the application form is very easy to complete, you’ll be amazed at how quick it is to apply!
- You receive your funds as soon as possible – when you accept your loan contract, we’ll send your funds over the same day. Depending on when your loan was approved, as well as the policies of your bank, you should receive your money either same day, or overnight.
- We have a great customer service team – throughout the duration of your loan contract, if you ever need to contact one of customer service team members, they are happy to help. Give us a call, send us a message or try our website assistant, Dani – she loves a quick chat.
- We’re upfront and transparent about all our fees – finally, one of the best things about our cash loans is that all our fees are upfront.
In a nutshell, getting loans with Jacaranda is a great option for when you need to pay for something fast. That’s because our quick cash loans are easy to apply for and fast to receive! No stress and no hassles. So, if you like the sound of our cash loans, they might just be the right thing for you.