Searching for fast cash loans no credit check? See if we can help…

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fast cash loans no credit check

If your most recent Google searches consist of things like ‘fast cash loans no credit check’, cash loans no credit check fast approval’, or ‘bad credit loans’, and you’re still coming up empty, chances are you need some help. Searching for much-needed credit can be a tricky feat, especially if you have bills or other pressing expenses breathing down your neck. If this is the case, you’ve come to the right place.

At Jacaranda Finance, we’re aware that money is a simple fact of life. We all need it to accomplish so many of life’s basic milestones. Like eating, keeping warm, leaving the house and just living life in general. There’s the old adage that nothing in life is free and that’s true now more than ever.

Some may see it as rather unfortunate that an inanimate object basically makes the world go round. And sometimes that inanimate object can make us look bad. Like when we get into a bit of hot water with our credit score. However, life does have a way of circumventing some of the struggles that us humans experience with money.

Take cash loans, for example. They’re there for when you’re in a bit of a financial jam and you’re options are slowly wearing out. However, if you’re searching for fast cash loans no credit check, there’s a little more to it.

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What are fast cash loans no credit check?

Well, as the name suggests, fast cash loans no credit check are a type of short-term personal loan. They are processed in a fraction of the time of other traditional lenders and does not require a credit check. This type of loans can sometimes appear favourable to those who have a less than impressive credit score. However, they can be hard to come by.

At Jacaranda Finance we believe in financial inclusion for all Australians, regardless of your credit score. Therefore, you’re more than welcome to apply for bad credit loans.

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So, do you conduct credit checks?

In short, yes, we do conduct credit checks on all applicants. However, unlike some lenders, we don’t throw your application into the declined pile at the first site of your credit score. For us to be able to offer bad credit personal loans, we are slightly more lenient when it comes to offering our clients a temporary solution to their current financial needs.

So, while we don’t quite offer no credit check loans, your credit score is not enough to scare us off. When assessing your application, we will look at so much more than what it says in your credit report. We actually believe that we get a much more accurate representation of your ability to repay your loan by looking at your current financial situation as a whole.

We don’t base our decision solely on your past mistakes. Instead, we like to put a little more focus on your income, expenses, spending habits and overall relationship with money. After all, at the end of the day, it comes down to whether the loan you are applying for is affordable for you. This fact may not have anything to do with how good or bad your credit score is.

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So, who can apply?

Essentially, anyone is welcome to apply for our fast cash loans. However, we don’t recommend submitting an application unless you meet our basic eligibility requirements. Before we can consider you for approval for bad credit loans, you must be:

  • Over the age of 18
  • An Australia citizen or permanent resident
  • Receiving a regular income into a personal account for the last 90 days
  • Able to provide a valid mobile number and email address

So if you meet these requirements, you could be one step closer to getting approved for the bad credit loans you’re looking for.

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How much can I apply for?

Our fast loans range from $300 all the way up to $10,000. Within that range, you can actually apply for 3 different types of loans. These are:

Small unsecured loans

These are unsecured personal loans that range from $300 to $2,000. These small loans are repaid over a 12 month period. As they are unsecured, they do not require you to attach an asset to your application for security. These loans are appealing in that they don’t require security. However, they can sometimes be harder to get approved for if you do have bad credit. This is just something to keep in mind when determining if a loan is the best thing for your current situation.

Medium secured loans

These range from $2,001 to $4,600 and are a type of secured personal loan. Therefore, if you apply for this type of loan, you will be required to attach your car, boat, motorbike or caravan to your loan for security. You can also repay these loans over a 13 to 24 month period. Therefore, you have plenty of breathing room when it comes to making your repayments.

Secured loans can sometimes be a little easier to obtain if you have bad credit, as the lender is taking less risk. However, we don’t recommend applying for a loan amount that is higher than what you can afford to repay.

Large secured loans

These loans range from $5,000 to $10,00 and can also be repaid over 13 to 24 months. Much like medium secured loans, large loans are also secured and require an attached asset to submit your application.

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Do you offer cash loans no credit check fast approval?

Well, we don’t offer no credit check loans. However, we do offer fast approval loans. Just because we don’t quite offer cash loans no credit check fast approval, doesn’t mean we’re not fast.

If you apply during business hours, you could have an outcome on your application in as little as 60 minutes. What’s more is that filling out the application itself could take you just minutes to do. Then, once you click Submit, we’ll get to work assessing your application. As we said, we aim to get back to you within 60 minutes. However, times can vary depending on what time you have applied and whether we need any additional information.

Either way, just sit tight and we will be in touch as soon as we can. If you are approved, we’ll send your loan contract straight to you, outlining the final terms of your loan. Once you’ve read through the contract and you’re happy, you just need to sign on the dotted line and send back your contract! We’ll then transfer your funds to your nominated bank account. The amount of time it takes for those funds to be available in your account will depend on the transfer policies of the bank you are with.

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What do I need hand when I apply?

Although we don’t offer fast cash loans no credit check, we do offer bad credit loans that are super easy to apply for. As we are 100% online, all you need to do is jump to our website and use the loan calculator at the top of the page to get started with your application. Just use the slider to select the amount you’re wanting to borrow and then use the drop-down menu to pick your repayment period. We’ll then show you what you can expect to pay back on your loan on a weekly, fortnightly and monthly basis.

If you’re satisfied with what you see, click Apply Now and we’ll take you to our online application form. Here, we’ll ask you for:

  • 100 points of identification
  • The reason for your loan
  • Your internet banking credentials
  • Your myGov account details (if applicable)
  • Any relevant employment information
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Why do you ask for my internet banking details?

We offer one of the fastest loan services in the country. Therefore, it makes sense for us to have smart systems in place that help us process loans in a fraction of the time of traditional lenders.

We use a super smart and secure third-party system that allows us to obtain a read-only copy of your bank statements in a matter of seconds. Basically, it removes the need to submit these documents manually which can take a lot longer to do. We look at your bank statements for an accurate representation of your current financial situation.

Using this system carries significant benefits for our clients who have bad credit. This is because we are able to look past their credit score and into how they handle their money in general.

So we always guarantee that we will look at the bigger picture and give your application the fair assessment it deserves.

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Do you offer bad credit loans for people who receive Centrelink payments?

While we may not offer fast cash loans no credit check, but we do offer fast cash loans for people on Centrelink. Our eligibility requirements state that you must be earning a regular income for at least 90 days prior to applying for your loan. This income can be a result of work wages or it can be from your regular Centrelink payments.

We understand that sometimes work wages don’t quite cut it and you need some extra support or you may be in a situation where you are currently unable to work. Therefore, as we believe in financial inclusion for all Australians, we won’t shut you down just because you receive Centrelink.

We’ll just ask you to provide your myGov account details so we can verify your Centrelink Income Statement. From there, you have no less or more chance of being approved for a loan than someone who receives their income from work wages.

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How do I repay my cash loans?

When it comes time to repay your fast personal loan, you won’t believe how straightforward it is. The way it works that is, when you receive your loan contract you will notice that we have set a specific day – either weekly, fortnightly or monthly – in which your payments will be due. This day will be set in line with your pay cycle to ensure you can comfortably make each repayment.

From there, your repayments will be directly debited from your account on that day for the life of your loan. Therefore, you don’t need to worry about setting reminders or risk missing any payments. The amount will simply come out of your account automatically. The only thing you do need to do is make sure you have enough dollars in your account to cover the payment amount.

If it turns out that you are running a little short one week, get in touch with us as soon as possible. As long as we have at least 24 business hours notice of a change in your situation, we may be able to adjust your repayment terms to suit. If you don’t make us aware of a change in your situation and the direct debit fails to come out of your account, you may be charged additional fees. Therefore, this is something you’re likely wanting to avoid.

For more information on the cost and repayment terms of our loans, visit our Costs page.

Ready to take the first step toward a brighter financial future?

Even though we can’t offer you fast cash loans no credit check, we can offer you a fast, convenient and manageable loan service, despite your credit score. Therefore, if you have decided that a loan is the best thing for your current situation, scroll back up to the top of this page to get started with your application.

Have more questions? Check out our FAQ page or shoot us a message here.

How customers rate Jacaranda

Searching for fast cash loans no credit check? See if we can help… 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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