Debt Consolidation Loans
- Simplify multiple debt repayments
- No early repayment fees
- Get started in minutes1
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You can now check your eligibility,
with no impact on your Credit Score!
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
Funds in 60s
to PAYID Enabled Banks
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Need to consolidate your debt?
Consolidating debt could simplify your finances. Having debt doesn't necessarily mean you're bad with money - in fact, most people have debt. Excluding mortgages and credit cards, the average Aussie household has a personal debt of $17,700. Including credit cards, that number jumps to nearly $20,000!
Some of the key advantages of consolidating debt include:
- Having one recurring repayment is easier to manage than having multiple repayments
- You have a clear schedule of when you can pay down the debt, instead of multiple schedules on different timelines
- You could gain better control of your monthly budget and cashflow as you have one simple debt to track
Jacaranda Finance is a fast and flexible online lender that specialises in delivering reliable, convenient, and simple personal loans for debt consolidation.
- 100% Online
- Simple & Easy Application
- Fast Outcomes2 & Fund Transfers3
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Fast response and quick service. Life savers
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
Debt Consolidation Loan Details
Loan Amount From | $2,100 - $25,000 |
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Loan Terms | 9 - 48 months |
Type of Rate | Fixed |
Repayment Type | Weekly, fortnightly or monthly |
This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.
How does the application process work?
1. Submit your application
This is done 100% online and it’s fast and simple. If you’re fast with your fingers it could take as little as 5-12 minutes1 to complete, but it could take longer depending on a number of factors such as how fast you are at typing or if you have all the required information on hand.
Alternatively, if you like to take things slow, fill in the application at your own pace from anywhere in Australia on any device as long as you have the internet.
2. We’ll do a credit assessment
For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day2 during normal business hours. If you pass the credit assessment and we can assist you, we’ll send a loan offer for you to review.
We do not guarantee same-day outcomes for all customers: customers that apply outside of business hours or customers that are required to provide additional information may experience a longer timeframe.
3. Review your loan offer
Once you have been approved and have accepted our offer by signing your digital contract, we automatically attempt to release the money to your bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds.3
You must have an NPP-enabled bank account. For customers without an NPP-enabled bank account (or the instant payment fails), the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.
Award-winning lender
How does debt consolidation work?
Generally, debt consolidation is a process where you eliminate multiple debt repayments by bringing all your existing debts together into one loan, offering you greater control of your repayments.
One way to do this is by taking out a new personal loan and using the funds from this loan to pay off your other existing debts. You can then pay back this new loan with a single repayment over a set term, giving you the simplicity of knowing exactly when and how much your repayments will be.
If you're juggling multiple repayments of debts such as these, consolidation can act as a management tool to stay on top of your finances.
Did you know: Approximately 68% of Australians say they have at least one credit card, and around 20% have at least two.
Refinancing or consolidating your current debt may result in higher total charges if the interest rate and fees are higher or the loan term is longer. You should also carefully consider the impact of increasing your debt, monthly obligations, and length of your repayment term.
Personal Loans Online Up To $25,000
Money in your bank account and ready to use in 60-seconds3 once approved.
Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.
OVER 5,000 REVIEWS
Customer Testimonials On Trusted Platforms
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23

Am I eligible to apply for a personal loan?
The basic eligibility criteria you must meet before submitting an application:- 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
Information you will need to provide:
- Basic personal information (i.e. full name, address, D.O.B, employer, dependant number)
- Online banking details
There are instances where our team may need to request further information or supporting documents from you. Don't worry, we will let you know exactly what we need and why we need that information from you.

Why consolidate your debt with Jacaranda?
Here are some of the reasons that people choose to consolidate their debts, and why it might be suitable for you.
Easier to manage repayments
Having one recurring repayment is easier to manage than having multiple repayments. Our standard repayment method is direct debit and can be set up on the same day as your payday.
Track your progress
You have a clear schedule of when you can pay down the debt, instead of multiple schedules on different timelines.
Simplify your budget
You could gain better control of your monthly budget and cashflow as you have one simple debt to track.
Debt consolidation loan FAQs
Here are some of our most frequently asked questions when it comes to debt consolidation personal loans.
Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner. Applying for a loan with Jacaranda Finance takes most people 5-12 minutes1; how quickly you can apply for a loan and receive your funds will depend on your situation.
We only accept loan applications online via our online application form on our website or the FastMoney app. We're 100% online, so there are no other ways to submit an application.
If you’re considering applying for a loan with Jacaranda, you can first check if you qualify using our QualifyCheck technology, which does not affect your credit score.
Jacaranda offers three loan products with varying loan amounts that you could borrow:
- Jacaranda Express Personal Loan: $5,000 to $25,000
- Jacaranda Cash Boost Loan: $2,100 to $4,600
- Jacaranda Car Loan: $10,000 to $25,000
For detailed information about who our products are designed for, please review our Target Market Determinations.
Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.
We can accept common types of debts with our debt consolidation loans, as long as you're looking to borrow an amount within our criteria. We generally consolidate debts from other personal loan providers, credit cards, and car loans.
Types of debt which are not common to consolidate include the likes of buy now, pay later (BNPL), wage advances and short-term (payday) loans.
Based on your own personal financial circumstances and current debts, we will tailor the loan amount and loan terms to suit your personal needs.
The interest rate, fees and charges applied to your loan will depend on your individual circumstances and the information verified during the loan assessment. It will also depend on our assessment criteria and the loan product, loan amount and loan term you qualify for.
Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.
We use the information you provide in the online application form as well as information on your bank statements to make sure that you qualify for a loan product during our credit assessment. If you don't qualify, your application will be declined without a credit check being conducted.
Once we have verified that you meet our non-credit report-related criteria, we do perform a credit check as part of our credit assessment, where an inquiry will be left on your credit file.
We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years, and it can be supplied on demand.
There are four credit reporting bodies that we may use to conduct a credit check:
- Equifax
- Experian
- illion
- Talefin
Review our Privacy Policy for more information.
If your application is approved and we provide you with a loan offer, we will send the details of your offer electronically for you to consider in the form of a digital loan contract.
Read and consider your contract thoroughly before following the instructions to sign the contract digitally. Once the contract has been signed, you will be emailed a copy for your records. It can also be accessed through your account in the customer portal, within the FastMoney mobile app, or by contacting our customer service team to request a copy.
Repayments on your loan are automatically set up to be deducted via direct debit from your bank account in line with your pay cycle.
Provided you are meeting your minimum contractual repayments, you can change the date of your direct debit payments, make extra repayments, change your bank account details and more from either the FastMoney app or online portal.
Download the app on the Google or Apple store today.
Read more: Personal Loan Repayments 101.
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.