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Discover Jacaranda Finance

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CASH TO YOUR BANK

We give you the outcome of your application with 60 minutes
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FAST APPROVALS

Quick Turnarounds & Decisions
$300 $4600
$2000
Adjust the above slider to your desired loan amount
Weekly
Fortnightly
Monthly
(you will be sent a verification code by SMS)

Loans from $2100 to $4600 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

The maximum you will be charged is a 20% Establishment Fee and a 4% Monthly Fee. Under the current legislation lenders do not charge an annual monthly interest rate for our Small Amount Credit Contracts. You may know this as Annual Percentage Rate or APR(%). Click here to see a worked example.

The Annual Percentage Rate for Secured Medium Loans is 48%. Comparison Rate is 66.0347% p.a. This comparison rate is based on a Medium Amount Credit Contract for an amount of $2,500 over 2 years and a $400 establishment fee. Fees and charges are payable. Click here to see a worked example.

HOW OUR QUICK PERSONAL LOANS WORK

FIVE STEP EASY APPLICATION ONLINE

Providing you qualify to submit an application with us, there are five easy steps to complete an application:

how it works question

HOW TO QUALIFY FOR A PERSONAL LOAN

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.

TO QUALIFY FOR ONE OF OUR PERSONAL LOANS, YOU MUST:

age-18 Be over 18 years of age
coins Receive a regular income into a personal bank account
aus Be an Australian citizen, or have permanent residency
mobile wifi Have a direct contact number

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.

So, how do people on Centrelink benefits apply for loans?

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.

What do you need to apply?

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)

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.

What Centrelink payments are accepted?

Almost all Centrelink payments are accepted. The only benefits that we do not accept are Newstart and Youth Allowance. This is because they are considered as only temporary sources of income. 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 payments that we do accept are:

  • Aged care pensions and disability pensions
  • Carer’s allowance
  • Family tax benefit
  • Veteran’s allowance
  • Widow or widower’s allowance
  • Farm household allowance

How much can you borrow?

With loans for people who receive Centrelink, the amount you can borrow is anywhere between $300 and $4600. 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.

How much does it cost to borrow?

The amount it costs to borrow loans for people on Centrelink depends on the amount. For instance, for loans between $300 and $2000, it will cost an establishment fee of 20% the total loan amount plus, additional fees of 4% per month.

For amounts between $2001 and $4600, it will cost an establishment fee of $400 plus an Annual percentage rate of 48%.

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

How does repayment work?

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.

What if I can’t make my repayments?

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.

Why might loans for people on Centrelink be useful?

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

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.

Example of how our small personal loans work

Loan amount

$300 minimum
$2,000 maximum

Costs

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

Under the current legislation Jacaranda Finance Pty Ltd does not charge an annual interest rate. You may know this as Annual Percentage Rate or APR(%).

In APR terms, the maximum annual percentage rate on our loans between $300 and $2000 is 199.43%.

Terms

16
weeks minumum
50
weeks maximum

Example:

Loan Amount of $1,000 over 50 weeks repayable weekly $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.

Example of how our medium secured personal loans work

Loan amount

$2,001 minimum
$4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 66.0347% p.a.

This comparison rate is based on a Jacaranda Secured Medium Loan for an amount of $2500 over 2 years and a $400 establishment fee. Fees and charges are payable.

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $3,000 over 18 months repayable weekly $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,378.87 (other fees) = $4,840.14 total repayable over 18 months with weekly instalments of $61.27.

For more information about the allowable fees and charges for SACCs & MACCs visit the MoneySmart website.

What our clients say

How It Works Overall rating: 4.7 out of 5 based on 148 reviews.

Great easy application

★★★★★
5 5 1
Very fast easy to apply thank you so much