Interest Rates & Fees
Jac's got your back with fast, simple and reliable loans. See this page for details and examples of our interest rates and fees.
About these fees
The establishment fee is charged for assessing, documenting and processing your loan. This fee is retained by us at the commencement of the loan.
The monthly service fee is the cost charged for the administration of the loan. It will depend on the amount you borrow and the term of your loan. The fee will be debited monthly in advance on the first day of the loan term and each month after that.
There is no monthly fee associated with our Cash Boost Loan.
No early repayment or exit fees
Jacaranda Finance does not charge any fees for making extra repayments to your loan. If you want to pay a little more into what you owe and get ahead of your loan balance, it's free to do so with us!
Jacaranda also does not charge a fee for paying out your loan early. To make extra repayments on your Jacaranda loan, log into the FastMoney mobile app or customer portal and choose from a range of options such as debit card payment, bank transfer or direct debit.
The risk fee is a one-off, non-refundable fee that covers the level of risk associated with advancing a loan. This fee is retained by us at the commencement of the loan.
There is no risk fee associated with our Cash Boost Loan.
Missed payment fees
There is a missed payment fee associated with each missed payment. This missed payment fee is added to the account due to the additional administration required due to the missed payment. The missed payment fee is due and payable within the next repayment cycle.
If you're concerned you'll miss a repayment before the next due date, please get in touch with our customer service team as soon as possible. We will help you with a number of options to keep your loan on track. This can help avoid additional fees and charges.
The interest rate (charged on a per-annum basis) associated with your loan will vary based on a number of factors, such as your financial position, the loan product you choose and how much you borrow over what time frame.
The comparison rate includes the interest rate, fees, and charges relating to a loan and depends on your financial position, how much you borrow and the term of your loan. The comparison rate allows you to easily compare different loan offers from various lenders to determine which option could be the most cost-effective.
See our article on interest rates vs comparison rates to learn more about the differences between the two.
It's faster with the FastMoney App!
- Easily apply for and manage your loan in-app
- Fast same-day loan outcomes2
- Make extra repayments, check your balance & more
- Easy access to our customer service team
What will my rates, fees and charges be?
The interest rate, fees and charges applicable will depend on your individual circumstances and the information verified during the loan application assessment. It will also depend on our assessment criteria and the loan product, loan amount and loan term you qualify for.
Use our helpful loan repayment estimate calculator to get a guide on your potential repayments. Before applying for a loan, we think it's important to review your budget and be certain that you can comfortably meet your repayments.
3 Easy steps
Fees & Charges
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.
Disclaimer: This is not an offer for credit. Example tables and calculators are not intended to be your sole source of information when making a financial decision. Any calculations made by you using this calculator are intended as a guide only. Consider getting advice from a licensed financial adviser or a free community based financial counsellor if you need it.
Need more information?
Find out the answers to some of our most frequently asked questions here.
- Be at least 19 years of age.
- Be employed on a permanent or casual basis.
- Have a consistent income going into your own bank account for the last 90 days.
- Be in control of your finances and be handling existing financial commitments comfortably.
- Be an Australian citizen or permanent resident with a fixed address.
- Have an active email address, phone number, and online banking account in your name that belongs to you.
- You are currently or recently bankrupt (you must be three years discharged and in control of your finances)
- You are not comfortably repaying your existing financial obligations
The good news is, being a 100% online lender, you may submit an application with Jacaranda 24/7, 365 days a year.
If you need assistance or can't find the answers to the questions you have before you decide to apply, simply contact our customer service team during normal business hours, and they will be happy to assist you.
When you are considering applying for finance with Jacaranda , you can check if you qualify using our QualifyCheck technology, which does not affect your credit score.
Checking if you qualify
When you check if you qualify, we can access your credit file in a way that does not impact your credit score and that is not disclosed to anyone other than yourself. If you have alerts set up on your credit file, you will get a notification. This is called 'file access', and is different to a 'full credit enquiry'.
Submitting your loan application
Once you have checked if you qualify, and in the case that you do qualify, you have the option to submit your application to Jacaranda to perform a credit assessment. By submitting a full application, you authorise Jacaranda Finance Pty Ltd to obtain a copy of your full credit file. Other lenders will be able to see that you applied for a loan with Jacaranda.
Information we provide to Credit Reporting Bureaus (coming in July 2023)
While we receive information from credit reporting bodies, we also advise them about your repayments. This is a good thing because other credit providers will be able to see your repayment history with Jacaranda. If you're making all of your repayments to us on time, this could positively impact your ability to get credit in the future.
For more information on your credit report and credit score, visit CreditSmart's website. You can also contact our customer service team if you have any further questions about how your credit score can be impacted by applying for one of our loans.
Repayments on your loan are automatically set up to be deducted via direct debit from your bank account in line with your pay cycle. The easiest way to manage your loan is through the customer portal or FastMoney mobile app.
Yes, there are a number of ways that you can make additional repayments on your loan at no additional cost. Log into the FastMoney mobile app or customer portal and choose from a range of options such as card payment, bank transfer or direct debit.
Need a hand?
Our customer service team are here to help.
If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.