Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid 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 with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months.

Unemployed and looking for a loan?

Are you receiving Centrelink and need some extra funds to help you pay for an unexpected expense? Here at Jacaranda, we offer fast cash loans for unemployed people receiving Centrelink benefits. Whether it’s for vet bills, dental fees, or a much-needed car repairs – we can provide you with a quick and easy cash loan.

What are ‘fast cash loans for unemployed’?

‘Fast cash loans for unemployed people’ are loans for people who are currently unemployed and receive Centrelink benefits. They are a type of personal loan offered by Jacaranda Finance that can range from $2,500 to $15,000. Unexpected expenses can still happen when you’re unemployed, which can cause unnecessary added stress.

It may be possible for you to access a Centrelink cash advance; however, if this is not what you are looking for, it is still possible for you to receive a personal loan with Jacaranda!

Can I borrow money from the government?

If you are currently receiving Centrelink benefits, it may be possible for you to receive a Centrelink advance payment. As the name describes, this means that you could receive a portion of your Centrelink benefits earlier than your scheduled payment date. This could be a better option for you for two main reasons:

  1. This loan does not incur interest, and;
  2. It can simply be taken out of your future payments.

If you are not sure if you qualify for a Centrelink advance payment or are looking for more information, refer to Services Australia.

Personal loans for unemployed people

You can apply for a loan with us here at Jacaranda Finance! We offer cash loans to people receiving government benefits from $2,500 to $15,000.

Being on Centrelink can be challenging when unexpected expenses arise. Focusing on the day-to-day can be enough of a challenge without adding unexpected bills to the mix. It’s a bit nerve-wracking to think about, but there are always things that could go wrong in everyday life that would complicate your financial situation.

If you’re on Centrelink and you find yourself suddenly confronted with some nasty surprises in the form of bills, then there are options available to you.

Lightning-fast loans

Applying for a Jacaranda loan is quick and straightforward. We’ve streamlined our application process so people can apply in under 10 minutes. We use safe and secured technology to assess your financial situation, which allows us to provide some customers with an outcome in 60-minutes.2

Jacaranda Finance is proud to be the first Aussie lender to have adopted instant transfers. So, if approved for a loan, you could get your funds within 60-seconds3.

Am I eligible for a personal loan?

Before you start your application, it’s best to make sure that you are eligible to apply. We just need to confirm a few details. Here’s what we need from you:

  • Be an Australian citizen or Permanent Resident;
  • Be at least 18 years or older;
  • Have received a regular income into a personal bank account for at least the last 90 days prior to applying;
  • Have a direct contact number and email address.

How do I apply with Jacaranda Finance?

If you’re ready to apply for a personal loan with Jacaranda then you’ll be pleased to know the application process couldn’t be simpler. Follow the steps below:

Step 1

To get started, click the ‘Apply Now’ button at the top of this page which will take you to our application form. Our 100% online application form could only take a few minutes to complete. Once you’ve completed it, we’ll begin the assessment process.

Step 2

If your application has been successful, our team will send over your contract. We recommend you read through your agreement carefully and make yourself aware of any fees or charges that could incur for late or failed payments. When you’re happy, sign your contract and send it back to us.

Step 3

Once we receive your signed agreement, we’ll transfer the cash straight to your bank account.

Bad credit loans for unemployed

Yes, you can still apply for small loans for unemployed people if you have bad credit. Some traditional lenders will see a bad credit score and look no further. As a neo-lender, we like to take a different approach. We conduct credit checks as part of our responsible lending practices; however, this is far from the extent of our assessment process. We give all of our loan applicants a fair go, so we will look at your financial situation holistically. Apply for a bad credit personal loan today.

How much can I borrow?

Our loans split up into two categories based on the loan amount. Here are the important details:

Loan Type Secured Options Loan amount Loan term
Medium Loan Secured and Unsecured $2,500 to $4,600 9 to 24 months
Large Loan Secured and Unsecured $5,000 to $15,000 9 to 24 months

You can get more information about our fees and charges on our personal loan interest rates page.

How do loan repayments work?

Our repayment system is just as hassle-free as our application process! We have designed a convenient and automatic repayment process for you. As a result, we’ve perfected our no-paperwork loans by utilising the latest in safe banking technology.

We will set up a direct debit to be aligned with your pay cycle. Depending on your financial commitments, your repayments will be automatically withdrawn from your account on a weekly, fortnightly, or monthly basis. Once your loan is paid back in full, your direct debits will automatically stop.

Responsible lending

Responsible lending is essentially our commitment to doing the right thing by our clients. At Jacaranda, we want to promote financial health and wellbeing. We always complete a thorough assessment of each application we receive to ensure that any loan we provide can be comfortably repaid over a reasonable period of time.

We also conduct credit checks as part of this commitment to responsible lending; however, we like to take a more holistic approach to lending. We will look at a person’s complete financial situation, both past and present. Essentially, we’ll never lend anyone an amount of cash that we do not believe they can repay. If you would like more information about responsible lending, refer to the ASIC.

Time to get started!

If you are looking to access a fast cash loan for unemployed people, turn to Jacaranda Finance. We can offer a wide range of personal loans, even to those who might have had trouble accessing finance in the past. Apply for a loan with Jacaranda Finance today!

2If applied within our standard business hours. 60-minute outcomes are not guaranteed.

3If you have an NPP-enabled bank account.