Instant cash loans in Australia with no credit check? Apply here!

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instant cash loans australia

What does “no credit check” actually mean?

The lender will not request your credit report from a credit bureau. At its most basic level, this is what a no credit check loan is. When you apply the lender will not request your credit report from any credit bureau to check what your borrowing history is.

Instant cash loans aren’t the only option for people with bad credit. It is possible to get fast cash loans for those with bad credit from $300 to $10,000. These loans can be either secured or unsecured and feature repayment periods from 12 to 24 months depending on the model/term.

Are no credit check loans guaranteed?

No loan is ever guaranteed. If you see a lender promising guaranteed approval, you shouldn’t apply. Legitimate lenders offering loans with no credit checks still need to check you will be able to repay the loan, so check your income, employment, bank statements and other things to make sure of this.

If you need a loan but are concerned your credit report will hold you back, you have the option of applying with a no credit check lender. These lenders base their decision on your income, employment and bank statements rather than your credit history. Find out about how these loans work and if they are right for you.

What are instant cash loans Australia?

If you’re in a situation where time isn’t on your side, the prospect of instant cash loans Australia no credit check sounds perfect. Unfortunately, even a speedy online lender like Jacaranda Finance can’t deliver funds instantly. However, we can provide quick cash loans!

If you’ve got bad credit, instant cash loans Australia no credit check aren’t the only way that you’ll ever be able to access a loan. There are online lenders who are willing to lend to those with bad credit. In our opinion, you’ve just stumbled onto one of the best – Jacaranda Finance! Your days of wasting time searching for a small loan with no credit check could be over!

How do “No Credit Check” Loans Work?

  • The lender will not request your credit report from a credit bureau. At its most basic level, this is what a no credit check loan is. When you apply the lender will not request your credit report from any credit bureau to check what your borrowing history is.
  • The loan details will be listed on your credit file. While the lender will not check your credit report, it will tell the credit bureau that you applied for a loan. If you are approved that credit account will also be listed on your credit report.
  • Your bank statements will be checked. The lender will use the last three months of your banking history to judge whether you can afford the loan. Looking at this they can check your income, your expenses and if your account has been in the negative during this time (this indicates financial stress).
  • You need to earn an income. You will need to prove you can afford the loan by providing evidence of your employment or Centrelink income.

What are No Credit Check Loans?

It is a loan that someone desires to get without having their credit checked. Typically this will be because they believe they will not qualify for a loan, because they have bad credit. If you have bad credit and would like a no credit check loan, submit your application today. Keep in mind that we may not be able to offer a loan with no credit check to everyone. It will depend on your individual circumstances whether a credit check will be necessary for borrowing money. If you are looking for no credit check personal loans in Australia, try applying with us anyway, perhaps we can get your loan funded.

Worried about your credit history? Here are the lenders that won’t check your credit.

If you need a loan but are concerned your credit report will hold you back, you have the option of applying with a no credit check lender. These lenders base their decision on your income, employment and bank statements rather than your credit history. Find out about how these loans work and if they are right for you.

Instant Cash Loans

What is an instant cash loan? They are loans that people apply for when they are short of funds and need money immediately. They are typically for smaller amounts of money, and repaid within a short period of time. Instant refers to how quickly you get your money after approved. Getting approved for a loan may take 24 hours.

People most likely seek out instant cash loans Australia no credit check for two reasons: they want fast cash, and they have bad credit. Those who have applied with traditional lenders in the past might have run into some trouble regarding credit scores and the speed at which cash was transferred. As a result, we understand why those with bad credit might look for instant cash loans Australian no credit check.

No Credit Check Loans in Australia for Bad Credit

So, what exactly is bad credit, and how do you get it? Bad credit is perhaps most often the result of defaulting on payments, or even making payments late. This is then recorded on your credit report as negative information, which in turn brings your credit score down. It’s not just recent defaults that are taken into account. Some negative credit information can remain on your report for as many as seven years. That means that a blip from years ago could still be affecting your ability to access a loan!

In Australia, there are four credit reporting agencies. These are Experian, Illion, Equifax and Tasmanian Collection Service. People living in Tasmania should check with the latter two, while those elsewhere in the country should use the first three.

Let’s take a look at the two E’s, Experian and Equifax. With the former, your credit score exists on a scale between 0 and 1,000, while the latter goes up to 1,200. Here’s a breakdown of credit score bands on these spectrums.

Credit BandExperianEquifax
Excellent800-1,000833-1,200
Very Good700-799726-832
Good625-699622-725
Average550-624510-621
Below Average0-5490-509

Can I get instant cash loans with Jacaranda Finance?

At Jacaranda Finance, we don’t offer no credit check loans that are instant. As amazing as instant cash would be, it’s just not possible. However, we can provide the next best thing: fast cash loans!

As part of responsible lending practices, we conduct credit checks on all applications. This is the second reason why we don’t offer instant cash loans Australia no credit check. If you’ve got bad credit, the prospect of undergoing a credit check might conjure up images of rejection letters. At Jacaranda Finance, we know that your credit score doesn’t necessarily tell the full story.

There are some more traditional lenders who will take one look at a bad credit score and reject that application. However, seeing as negative credit information can remain on your report for as long as seven years, it’s possible that your credit score doesn’t paint the most accurate picture of your ability to afford a loan. You might have turned your finances around since that little blip, but your credit score is still feeling the effects.

Just because we conduct credit checks, doesn’t mean that we don’t accept applications from people with bad credit. In addition to looking at your credit score, we’ll also access a read-only copy of your last 90 days of bank statements. This allows us to get a much better idea of your ability to make loan repayments, bad credit or not. If you’re interested in bad credit personal loans, apply with Jacaranda Finance!

So I can’t get instant cash loans Australia no credit check. What does Jacaranda Finance offer?

Jacaranda Finance is a neo-lender. We’re an online loan provider and we’re shaking up the lending industry. We may even be able to provide loans to those who haven’t had much luck with traditional lenders!

What do you think of when you imagine applying for a loan? Having to rejig your schedule to fit in an appointment, filling out a bunch of paperwork, and standing in line just to see someone to talk about your application. All that waiting and work for what could potentially end in a “Sorry, but no.” Why waste your time?

With Jacaranda Finance, you can skip this entire tedious process. We’ve done away with all that time-wasting and replaced it with a super simple application. Depending on your bank and when you apply, you could have money in your account before the end of the day. Sound good? We think so.

So, if you’re interested in getting fast cash without the hassle, apply with Jacaranda Finance!

How do I apply for a fast cash loan with Jacaranda Finance?

We’ve talked a big game about how our application process is fast and easy – now let us prove it. Before you click that Apply Now button, you’ll need to make sure you meet the application requirements. These are just a few basic details we need to assess your loan application.

You must:

  • Be an Australian citizen or permanent resident;
  • Be 18 years of age or above;
  • Have received a regular income into a personal bank account for at least the last 90 days prior;
  • Have a direct contact number and email address;

Tick those boxes and you can start your application. If you scroll up to any page on our website you’ll spot our loan calculator. Adjust the slider to indicate your loan amount and select a repayment period from the drop-down menu. You’ll then be able to see how much that specific loan would cost when paid off in weekly, fortnightly, or monthly instalments.

Once you’re ready, click that Apply Now button.

For your application, we’ll need some personal details and the reason for your loan. We’ll also request your internet banking credentials, which allow us to access a read-only copy of your bank statements. In addition, we also require your employment details and/or MyGov credentials. Our loan assessment team is discrete and professional, so you can be sure that the information you provide us with is secure.

It should take just a few minutes to fill out and submit an application. It’s then over to us to conduct an assessment! Just keep in mind that if you apply outside of our business hours, we’ll get to it the next business day. You could have the cash you need before you know it – and you didn’t even need “fast cash loans no credit check”!

The following table represents keywords people might search for to find our services. Keep in mind that we may not have a “no credit check” loan available for everyone. “Instant” may not mean immediately or could mean within 24 hours.

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Can I apply if I’m receiving Centrelink payments?

You sure can! As part of the eligibility requirements, we ask that you have been receiving an income into a personal bank account for at least the past 90 days. If you’re receiving Centrelink payments as either part or all of your income, you still meet this criterion!

If you’re receiving Centrelink payments, you might find yourself in a position where some extra cash could help you out. Centrelink itself does offer advance payments, but if you’re looking for a fast personal loan then Jacaranda Finance may be able to help!

Simply check if you qualify, submit an application form and let us do the rest!

How much do loans from Jacaranda Finance cost?

While we don’t offer instant cash loans Australia no credit check, we can do personal loans from $300 to $10,000! Within this range, we split our loans up into three types: small unsecured personal loans, medium secured personal loans and large secured personal loans. Here’s a cost breakdown of each of these:

Small Personal Loans

  • Loan Amount: Minimum – $300; Maximum – $2,000.
  • Repayment Period Terms: Up to 12 Months.
  • Costs: Establishment Fee up to 20% of Loan Amount (Charged after signing the loan contract), plus Monthly Fee up to 4%.

Medium Secured Personal Loans

  • Loan Amount: Minimum – $2,001; Maximum – $4,600.
  • Repayment Period Terms: Minimum – 13 Months; Maximum – 24 Months.
  • Costs: $400 Establishment Fee; Annual Percentage Rate (APR) is 48%; Comparison Rate is 67.41% P.A.

Large Secured Personal Loans

  • Loan Amount: Minimum – $5,000; Maximum – $10,000.
  • Repayment Period Terms: Minimum – 13 Months; Maximum – 24 Months.
  • Costs: Annual Percentage Rate (APR) is 21.24%; Maximum Comparison Rate is 48% P.A.

WARNING: The comparison rates mentioned are 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.

In the case of all these loan types, you may be charged a dishonour fee if you miss a repayment.

At Jacaranda Finance, we pride ourselves on transparency when it comes to loan costs. If we approve your application, you’ll be able to find all the relevant costs in your loan contract. Make sure you thoroughly read through your loan contract prior to signing, and contact us if you have any questions. You can back out prior to signing your loan contract and we won’t charge you a cent!

What is a Personal Loan with No Credit Check?

If you need money quickly, a small loan with no credit check may be something you are interested in. We cannot guarantee that we will not perform a credit check with every application sent. Usually, people who are interested in a “no credit check loan” are afraid they will not qualify otherwise. If that is your situation, consider submitting your application anyways. We are specialists in helping people, just like yourself, acquire loans even when their credit is not excellent.

How do repayments work with Jacaranda Finance?

If you thought our application process was simple, just wait until you find out about our repayment system! We’ll set up a day for your repayments, either weekly, fortnightly or monthly before you sign your loan contract. It’s best that this day lines up with when you are paid to ensure that you always have the funds necessary to make your repayments.

On the selected day, we’ll set up a direct debit that will last for the duration of your loan term. This means that when this day rolls around, each repayment will automatically come out of your account without you having to lift a finger. Once the repayment period is over, the direct debits will stop automatically. You can even pay out your loan early if you want to for no additional cost.

It’s important that there’s always enough money in your account for this direct debit. If there’s not, the automatic payment will fail and you could be charged with a dishonour fee. At Jacaranda Finance, we know that sudden changes to your finances can happen that are beyond your control. If you know ahead of time that you’re going to be unable to make a repayment, please contact us as soon as possible. We’ll do our best to work out an alternative arrangement that works for everyone.

Sound good?

Applying for cash loans with Jacaranda Finance is so much easier than trying to sort through page after page of search results for “instant cash loans Australia no credit check” or “easy loans no credit check Australia.” You can save yourself a heap of time, and with any luck, you could have the cash you need before you know it!

If you’d like to know a bit more about us and what we do, have a look through our website! Find out how it works, costs, or check out the FAQ page if you’re unsure about anything.

If you think a personal loan from Jacaranda Finance sounds like the right fit for you, then scroll up and click Apply Now. It could be your first step towards getting the funds you’re looking for!

If you’re looking for tips on how to manage your money, enlist the help of MoneySmart.

How customers rate Jacaranda

Instant cash loans in Australia with no credit check? Apply here! Overall rating: 4.8 out of 5 based on 60 reviews.

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Fast & Safe Loans

Small Personal Loan

Loan Amount

Minimum
$300


Maximum
$2,000

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Terms

Minimum
12 Months


Maximum
12 Months

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Costs

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

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest. The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

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
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Examples

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $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.

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Medium Personal Loan

Loan Amount

Minimum
$2,100


Maximum
$4,600

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) starts at 20.56%
Comparison Rate is 20.56% per annum.

This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 20.56%.

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
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Examples

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $555.83 (reducing interest*) = $3955.83 total repayable over 18 months with weekly installments of $50.71.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $1081.85 (reducing interest*) = $5981.85 total repayable over 24 months with weekly installments of $57.51

* Reducing interest means that the 20.56% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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Large Personal Loan

Loan Amount

Minimum
$5,000


Maximum
$10,000

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Terms

Minimum
13 Months


Maximum
36 Months

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Costs

Annual Percentage Rate (APR) is 12%
Comparison rate is 19.88% per annum.

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
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Examples

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $1831.16 (Interest) = $6831.16 total repayable over 18 months with weekly installments of $87.57.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5041.72 (Interest) = $15041.72 total repayable over 24 months with weekly installments of $144.63.

* Reducing interest means that the 19.88% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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