How long will it take to get my funds?
If we approve your application, we will need to receive your signed loan contract before we transfer your funds. Most approved applicants have their money in their bank account and ready to use within 60 seconds once they have accepted their digital contract. Even on weekends!
Ultimately, the bank you are with will dictate how quickly you receive the funds. We only offer instant transfers to NPP-enabled bank accounts so check with your bank to see if you qualify.
What credit score do you need for a personal loan?
Maintaining a good credit score will always help to increase your chances of approval on a personal loan. As a responsible lender, we do carry out a credit check on eligible applicants. However, we are more lenient than traditional institutions such as banks.
In assessing your application, we will consider factors beyond your credit score to determine your current financial circumstances. As long as your financial situation is looking good, we will happily consider your loan application.
Any applications made under the Terms and Conditions will consent to a credit check.
How can I increase my chances of getting approved?
At Jacaranda, we consider every application on a case by case basis. No two situations are the same and we will always take that into consideration. That said, if you would like to increase your chances of approval on one of our loans here are some tips that could help you before you apply:
- Make sure you have all the correct information for your application ready
- Check your credit score and ensure all information in your credit report is up to date
- Pay off any overdue debts
- Work on improving your credit score