How It Works

Discover how you can get a loan
in 3 easy steps

Image of smiling woman using smart phone while holding coffee cup
Image of smiling woman using smart phone while holding coffee cup

STEP ONE

Submit Application Online

Apply online using our simple application form that could take you just minutes to complete!

Image of man writing on a paper pad with a pencil while on the phone
Image of man writing on a paper pad with a pencil while on the phone

STEP TWO

We Assess Your Application

To assess your application quickly, our team utilises the latest in safe banking technologies to assess your situation. We'll determine whether one of our loan products is suitable for you and we'll never lend you more than you could afford to repay.

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Image of man sitting down on a couch using their smart phone

STEP THREE

Money Transferred Upon Approval

You could receive an outcome on your application in just 60 minutes, however, approval times are subject to each individual application and so they will vary. If you are approved, we will transfer the funds to you with the next round of banking, after you have signed your loan contract. The amount of time it takes for the funds to reflect in your personal bank account will depend on the policies of the bank you are with.

APPLY NOW

It's fast, free and secure

Illustration of a hand holding a smart phone
Illustration of a hand holding a smart phone

How To Qualify For A Personal Loan

To apply you don’t need any paper work. You just need to fill out the application form and meet the basic requirements, which are:

Be over 18 years of age

Receive a regular income to a personal bank account for at least 90 days

Have a direct contact number

What are Instant Cash Loans for Centrelink?

They are loans for people who are on Centrelink. A centrelink cash loan is a method of borrowing for people who use Centrelink services. They are also known as pension cash loans, cash loans for pensioners and "fast cash loans for centrelink".

It’s simple to qualify for one of our short term personal loans. To save your own time and energy, make sure you qualify for one of our loans before you apply.

If you are receiving Centrelink payments, check out your options for Centrelink loans first, before applying for a loan with us!

We like to keep things as simple as possible, to make it easy for you.

We specialize in fast short term personal loans repaid over a 12-month term. Refer to our loan calculator to get an estimate of our cash loan costs.

Most of our clients have an outcome on their personal loan application within 1 hour

We understand that when you need money, you need to know as quickly as possible if we can or cannot do the loan.

Therefore, we offer one of the quickest Personal Loan services in the country. Most of our clients have an outcome on their Personal Loan application during normal business hours within 1 hour of submitting the completed loan application.

Loans for people on Centrelink benefits

Do you receive Centrelink benefits? If you do, did you know that you may be eligible to apply for personal loans? Well, if you didn’t know – we’re here to tell you that you can! With Jacaranda Finance, we provide personal loans for people on Centrelink. We know that if you are on Centrelink, it can be difficult to be approved for a loan by traditional lenders. That’s why make it easier, because we understand that you may need a loan more than anyone.

Loans for people on Centrelink

When you apply for online loans for Centrelink recipients, you should receive an outcome of your application within an hour. That is if you apply within normal office hours. If you apply outside of office hours it may take slightly longer.

Once you receive approval for your application, we will send you a loan offer with a loan contract. If you are happy with the loan offer, simply send us back the signed contract. After we receive the contract back from you, we will send the loan to you straight away. You should receive the loan within about 24 hours.

Less stress & more breathing space with lower repayments

Unlike a Payday Loan or Cash Advance that other lenders offer, our Personal Loan repayment period is suitably long to give you some breathing space while repaying.

This means your repayments will be lower, and in most cases less financially straining than the Payday or Cash Advance loan you may have used in the past.

We are also able to assess your situation based on a higher loan application amount, as the repayments are spread out over a longer time frame.

Centrelink Loans FAQ

Centrelink customers can apply for loans online by completing out easy online application form found here. You just let us know how much you would like to borrow over how long you would like to repay the loan.

To apply you don’t need any paper work. You just need to fill out the application form and meet the basic requirements, which are:

  • Must be at least 18 years of age
  • An Australian citizen or permanent resident
  • Receive regular income over the past 90 days (your Centrelink payments)

We accept all Centrelink payments. You need to provide evidence that you receive a regular income so that we know you will able to repay your loan over a period between 12 – 24 months. The evidence is in the form of a CENTRELINK INCOME STATEMENT which you will upload during your application.

With loans for people who receive Centrelink, the amount you can borrow is anywhere between $300 and $10,000. Though it’s important that you only borrow an amount that you can safely afford to repay.

Nevertheless, as responsible lenders we will only lend you to you an appropriate amount based on financial assessment of your individual situation.

The amount it costs to borrow loans for people on Centrelink depends on the amount. For instance:

  • For loans between $300 and $2,000, it will cost an establishment fee of 20% the total loan amount plus, additional fees of 4% per month.
  • For amounts between $2,001 and $4,600, it will cost an establishment fee of $400 plus an Annual percentage rate of 48%.
  • For amounts between $5,000 and $10,000, it will cost an annual percentage rate of 21.24%.

The fees are added to the loan amount and then divided by the loan term. This is how much you will repay per money.

Repayments work by repaying the loan amount plus the fees. It is usually done by setting up a direct debit so that the payments come out of your account automatically.

Repayments for your loan can be set up to come out of your account on a weekly, fortnightly or monthly basis, depending on what suits you best. The repayments are made until the total loan amount is repaid.

If you are unable to make a payment on your loan it’s important not to ignore it. This is because you could get charged, expensive penalty fee of $35 for missing a payment.

Instead, let us know at least 24 hours in advance and we can help to arrange an alternative for you.

Loans for people on Centrelink can be useful for a variety of reasons. Though, often they usually come in handy when you need to pay for something unexpected. Here are some examples of when you could use a loan for:

  • Pay for multiple bills
  • A necessary household item breaks down, such as a washing machine or fridge
  • You need to pay for an urgent medical or dental bill
  • Your car needs a repair so that you can drive it again
  • Pay for school fees or child care fees that are due urgently

These are terms that people search for in order to utilise lending services such as ours.

Fast applications.

Quick outcomes.

Instant transfers.

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Google Reviews For Jacaranda Finance

What Our Clients Say

[RICH_REVIEWS_SNIPPET category="all"]

Money Lenders & Cash Loans Making Customers Happy

Very easy to deal with!

"Easy to follow instructions and very quick to respond to application. Cash was transferred promptly also. Simple and manageable payment plan with low interest rates and no hidden fees. Highly recommended”

Chris Martin

Jacaranda Customer

Thank you

"Did not think anywhere would give me a go due to my bad credit history. But thank god for Jacaranda Finance who helped me out when i need to get my car fixed.”

Korey

Jacaranda Customer

A Great Help!

"Thank you so much for recently helping me out with a loan!! I was able to buy Christmas presents for my 3 kids - a lot of other lenders weren't able to help me out. Thank you so much again!”

Donna Treseder

Jacaranda Customer

Our Rates

We never charge early repayment fees

Small Personal Loans - Jacaranda Finance

Small Personal Loan

($300 - $2,000)

Platinum Tier

10%

Establishment Fee

1%

Flat Monthly Fee

52.99%

Comparison Rate

Gold Tier

10%

Establishment Fee

2%

Flat Monthly Fee

71.96%

Comparison Rate

Silver Tier

20%

Establishment Fee

4%

Flat Monthly Fee

138.37%

Comparison Rate

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 with the lender that finances your loan.

Medium Personal Loans - Jacaranda Finance

Medium Personal Loan

($2,000 - $4,600)

Platinum Tier

12.00%

Interest Rate (APR)

27.44%

Comparison Rate

$0.00

Application Cost

Gold Tier

20.00%

Interest Rate (APR)

35.99%

Comparison Rate

$0.00

Application Cost

Silver Tier

47.80%

Interest Rate (APR)

65.86%

Comparison Rate

$0.00

Application Cost

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 with the lender that finances your loan.

Large Personal Loans - Jacaranda Finance

Large Personal Loan

($5,000 - $10,000)

Platinum Tier

12.00%

Interest Rate (APR)

17.44%

Comparison Rate

$0.00

Application Cost

Gold Tier

17.00%

Interest Rate (APR)

23.97%

Comparison Rate

$0.00

Application Cost

Silver Tier

21.24%

Interest Rate (APR)

45.56%

Comparison Rate

$0.00

Application Cost

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 with the lender that finances your loan.

Need help?

Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.