Looking for instant cash loans in Australia with no credit check? Here’s what you need to know.

"Looking for instant cash loans in Australia with no credit check? Here

Disclaimer: At Jacaranda, we always conduct credit checks to get a better idea of your financial situation. However, when we assess applicants, whether they’re looking for instant cash loans Australia no credit check or not, we look at other factors as well to determine whether a loan is right for you. So, even if you do have bad credit, Jacaranda may be able to help you borrow money when you need it most!

Are instant cash loans possible?

It’s possible to get instant cash loans in Australia with no credit check. Yet, whether this is the right finance option for you is another story. When you have bad credit it may not seem like you have a lot of options, but we’re here to tell you – you can find fast cash loans even with a poor credit history!

At Jacaranda Finance, we can offer personal loans to applicants with bad credit because we look at more than just your credit score. While we can’t promise instant cash loans, thanks to instant banking, we can provide some of the fastest outcomes online! So, if you’re approved, you could see the cash in your account and ready to use in just 60 seconds.* Apply now or keep reading to learn more about fast cash loans with no credit check.

What is a bad credit loan?

A bad credit loan basically means that the lender will not request your credit report from a credit bureau. At its most basic level, this is what bad credit loans are. Instead of looking at your credit report, a lender may look at your bank statements. Lenders could use the last three months of your banking history when deciding whether you can afford the loan or not. Bank statements allow lenders to check your spending habits, income and other financial commitments.

Are no credit check loans safe?

There are a variety of no credit check loans on the market from a wide range of different lenders. Jacaranda Finance does not offer no credit check loans and for this reason we can not comment on the reliability of lenders who do offer these loans. We can, however, suggest that all applicants do their research before signing any loan agreement. Above all, it’s vital you understand the terms and conditions of your loan agreement. If you’ve got questions, make sure you get in touch with your lender straight away.  

At Jacaranda, we conduct credit checks to get a better idea of your financial situation. Yet we also look at other factors to determine whether a loan is the right financial decision for you. So, even if you do have bad credit, Jacaranda may be able to help you borrow money!

Can I get a loan with no credit check?

At Jacaranda, we don’t offer no credit check loans. However, we can not speak on behalf of other lenders. It may be possible to get a loan where your income, employment and bank statements are used as a primary method of determining your approval. The Jacaranda team cautions consumers who apply with online lenders offering no credit check loans. Ultimately, we encourage Aussies to do their research before signing an agreement.

No loan is ever guaranteed. If you see a lender promising guaranteed approval, it is important to remember that when something seems too good to be true, it probably is. Legitimate lenders offering loans with no credit checks still need to check you will be able to repay the loan.

If you need a loan but are concerned your credit report will hold you back, you might still be eligible to apply with Jacaranda. The best part is, an application will cost you absolutely nothing. We will assess your application and do our best to get back to you with an outcome in just 60 minutes. So, there really is nothing holding you back. 

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 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. At Jacaranda, we prefer to take a realistic look at finance. Our team will assess your ability to repay the loan, rather than focussing solely on your credit score. Your days of wasting time searching for a small loan with no credit check could be over!

Payday loans with no credit checks

Does Jacaranda Finance provide payday loans with no credit checks? The short answer is, no. Traditionally, payday loans meant the borrower would repay the loan in full on their next payday. These types of loans are now illegal in Australia. Jacaranda Finance offers Small Amount Credit Contract, Medium Amount Credit Contract, and Large Amount Credit Contract loans. SACC’s are small amount credit contracts that are repaid over a maximum period of 12 months. A SACC could be a safe and reliable alternative to a payday loan. 

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 cash. It is important to keep in mind that responsible lenders will not provide instant cash. Lenders who adhere to the Australian Code of Responsible Lending will always do the proper check associated with approval on a personal loan. For this reason, Jacaranda Finance does not provide instant cash loans. 

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 is transferred. As a result, we understand why those with bad credit might look for instant cash loans Australian no credit check, however, it is important to make sure you are applying with a responsible lender. 

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
Very Good700-799726-832
Below Average0-5490-509


What does Jacaranda Finance offer?

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.

Jacaranda Finance is a neo-lender. Basically, that means we’re an online loan provider 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 rearrange your schedule to fit in an appointment, filling out a bunch of paperwork, and standing in line for hours. 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.

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!

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.

What documents will I need to provide?

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.

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 could 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!


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!

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.

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What if I miss a payment?

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.

Like what you hear?

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.Want to learn more? Read about small loans for bad credit and interest free loans!

Looking for instant cash loans in Australia with no credit check? Here's what you need to know.
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