How to Apply for a Loan

Applying for a loan with Jacaranda Finance is designed to be simple, transparent and fast.

To apply for a loan with Jacaranda Finance:

1. Choose your loan amount and term
2. Check if you qualify without impacting your credit score*
3. Complete the online application
4. You provide supporting information
5. We assess your application
6. If approved, you review and accept your loan offer

Ready to get started? Click here and apply now.

Step 1: Choose Your Loan Amount and Repayment Term

Jacaranda Finance offers flexible loan options to suit different financial needs.

When selecting the loan type, amount and repayment term you’re applying for, consider:

• How much you need to borrow
• Your preferred loan term
• What repayments fit comfortably within your budget
• What product may best suit your needs

Before you apply for a loan, it’s important to review your budget and understand what you can comfortably afford. Our loan repayment calculator can help, by allowing you to estimate your repayments before you apply.

Step 2: Check if You Qualify

Before you submit a full application with Jacaranda Finance, you can check if you qualify with no impact on your credit score. This is called a soft credit check, and will only be visible to you.

To be eligible for a loan from Jacaranda Finance, you must:

Read more: Eligibility FAQ

Step 3: Complete the Online Application

Jacaranda Finance’s online application is designed to be fast and easy; it takes only 5-12 minutes¹ to complete.

During the application, you’ll be asked to provide:

• Personal and contact details
• Employment and income information
• Details about your expenses and financial commitments
• The purpose of your loan

Step 4: Provide Supporting Information Securely

To verify your details, Jacaranda Finance may request supporting information such as:

• Your vehicle registration (if applying for a secured loan)
• Screenshots verifying outstanding debts with other lenders
• Screenshots verifying outstanding BNPL costs

*This is standard procedure for loan applications across the industry. Data is safely secured with 256-bit SSL encryption. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you.

Step 5: Application Assessment and Responsible Lending Checks

Once you’ve submitted and if you meet the eligibility criteria, your application will be reviewed by Jacaranda Finance’s assessment team.

During this assessment, we will:

• Verify your identity and income;
• Review your credit history;
• Assess your ability to meet repayments comfortably.

*It’s also at this point that we will submit a hard credit check, in order to access your credit report.

Step 6: If Approved, Receive and Review Your Loan Offer

If approved, you will receive a loan offer from Jacaranda Finance. Your loan offer will outline:

• Approved loan amount;
• Interest rate;
• Repayment schedule and frequency;
• Fees, charges and loan terms.

It’s important to review the loan agreement carefully to ensure you understand your obligations before accepting. Once you accept your loan offer, your funds will be paid directly into your nominated bank account in just 60 seconds³.

At Jacaranda Finance applying for a personal loan or car loan is designed to be fast and easy.

• Apply in 5-12 minutes¹
• Submit your application by 3:00pm and get a same day outcome².
• If approved, funds get delivered in just 60 seconds³.

Ready to get started? Click here and apply now.

Yes! Jacaranda Finance is an online lender focused on providing online loans. You can apply for or manage your loan entirely online through the BetterCredit app or online customer portal.

Submitting a full application for a loan with Jacaranda Finance may involve a hard credit check. This could result in a small, temporary impact on your credit score.

Read more: For more information visit our guide on credit scores

1. Reduce Existing Debts

Ensure you are consistently paying back any current debts on time, and make extra repayments where possible. By improving your debt-to-income ratio, you are showing lenders that you can afford a loan.

2. Improve Your Credit Score

A higher credit score could make it easier for you to access credit, secure more competitive interest rates and be approved for credit products like personal loans. Visit our guide for tips on how to improve your credit score.

3. Be Consistent

Demonstrating that you can consistently manage your debt by making regular, on time repayments signals to lenders that you are reliable and responsible to lend to. You could also increase your credit score through Comprehensive Credit Reporting (CCR).

4. Check your eligibility criteria

In order to approve your application, you must meet a lender’s eligibility criteria. To be eligible for a loan from Jacaranda Finance, you must:

5. Apply for Only the Amount You Need

Applying to borrow more than necessary could reduce your chances of being approved and increase the cost of your loan over time.

Before applying:

• Calculate the exact amount you need to borrow
• Consider how the loan will fit into your existing budget
• Ensure repayments rae manageable alongside other financial commitments

Our loan repayment calculator can help with this process, by allowing you to estimate your repayments before you apply.