The keys to spotting the small lenders that you can definitely trust.

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Many small amount lenders who market themselves as the place to get cash on the spot simply don’t end up delivering when push comes to shove.

Getting cash immediately when you need it most can make it tempting to choose one particular lender over another, based on what they promise you. However, like election pledges, not everything promised ends up happening!

It’s important to check out any lender you might want to deal with to ensure they’re true to their word.

At Jacaranda, we’re completely transparent and upfront with anyone who’s considering taking out a quick personal loan with us. While we could also easily say that we provide ‘cash-on-the-spot,’ it’s much more important for us to be open and honest with our customers.

 

Watch some more about quick loans at Jacaranda Finance. (Post continues after video.)

So, how does it take to get a loan from Jacaranda Finance?

  • Once you’ve applied online, we’ll attend to your application within the hour.
  • If the application is successful we’ll email you contractual documentation for electronic signing (a very easy and quick process).
  • Once we get back your signed contract docs, we’ll remit the loan funds to you in our next banking batch (there are several during the course of each day).
  • All banks are different but you should receive the funds into your bank account without delay.

That’s it – straight from the hip.

We believe that when it comes to borrowing money it’s really important to feel at ease with your lender.  You can only feel like that if you’re dealing with a lender who is trustworthy and transparent and who makes you feel special – which as a customer you certainly are.

So, cash on the spot can sound tempting and appealing – but be really careful about the fine-print.

Actions speak louder than words.

How customers rate Jacaranda

The keys to spotting the small lenders that you can definitely trust. Overall rating: 4.8 out of 5 based on 57 reviews.

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Fast & Safe Loans

Small Personal Loan

Loan Amount

Minimum
$300


Maximum
$2,000

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Terms

Minimum
12 Months


Maximum
12 Months

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Costs

Up to 20% Establishment Fee
+ monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest. The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
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Examples

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

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Medium Personal Loan

Loan Amount

Minimum
$2,100


Maximum
$4,600

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) is 48%
Comparison Rate is 67.41% per annum.

This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 48%.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
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Examples

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest*) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest*) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.

* Reducing intertest means that the 48% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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Large Personal Loan

Loan Amount

Minimum
$5,000


Maximum
$10,000

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) is 21.24%
Comparison rate is 48% per annum.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
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Examples

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

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