Jacaranda offers fixed interest rate personal loans with secure, manageable repayments so you'll always know what you owe and what you can borrow.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
A fixed interest rate is a type of rate that stays the same for a set period of time. With personal loans, having a fixed interest rate generally means the rate will remain unchanged for the entire loan term.
A fixed-rate personal loan offers security and stability: your lender can't increase your rate as set out in your loan contract, and you only have to pay the amount of interest stated in your contract. This secures your repayment amounts for the loan period.
At Jacaranda, we offer Express Personal Loans. We also offer fixed car loans - see our car loans page for more details on that!
We offer fixed-rate personal loans from $3,000 to $25,000 with loan terms up to 36 months, providing you with fixed repayments that make it easier to fit into your budget.
At Jacaranda, we're a 100% online lender. That means there's no hefty paperwork or long lines with us: instead, we utilise state-of-the-art technology that allows you to:
See below for more information on how our application process works or click here if you're ready to get started!
We Make Applying Easy
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
Fixed rates and variable rates are the two main types of personal loan interest rates, and they both offer a distinct set of pros and cons that will vary according to each person. A fixed-rate loan, for example, might suit people who like to stick to a budget and want to make consistent repayments, but might not be the better option if interest rates are falling.
Variable rates, on the other hand, can be useful for people who are okay with taking a bit more of a risk and plan on paying off their loan in a shorter period of time.
Jacaranda currently only offers fixed-rate loans.
Below is a short summary of the general pros and cons of fixed and variable interest rates:
| Fixed rates | Variable rates | |
|---|---|---|
| Pros | Protection from sudden market fluctuations No impact on your repayments if interest rates rise Easy to budget your repayments and set long-term financial goals. |
Repayment flexibility (often no fees for additional repayments or paying off the loan early) Easier to refinance (you can switch lenders if a better rate becomes available at no cost) Decreased repayments if interest rates drop More likely to have extra features |
| Cons | They can be inflexible (this could be a positive or a negative, depending on financial conditions) Disadvantage when interest rates drop as you could be paying more than necessary Possible penalties for additional repayments and for switching during the fixed term Possibly fewer features (such as a redraw facility) |
Higher repayments when interest rates increase Cash flow uncertainty (will you be able to afford a higher interest rate?) Could be more difficult to set accurate budgets for repayments and stick to them; Could be more difficult to plan financially for the future. |
In addition to our rapid applications1, fast outcomes2Â and even faster transfers3, our fixed loans offer the following advantages:
It's true that fixed loans often make it difficult to pay above your minimum repayments - but not Jacaranda's. With us, you can make extra repayments on top of your minimum and there are no fees for doing so. Just log in to your online account or speak to our customer service team to manage your repayments.
Say you come into some money and want to pay out your loan entirely ahead of schedule. Some lenders would charge you a fee for doing so, but not Jacaranda.
With our fixed-rate loans, customers who pay their loan out early do not incur any additional fees or charges for doing so. As our loans are interest-bearing, the total interest paid will likely be lower by repaying your loan ahead of schedule.
Fixed fees that have already been incurred are due and payable.
Want to change the day of the week you make your regular loan repayments, such as your regular payday? Or do you want to make your repayments more frequently (say weekly instead of monthly) and save a bit of money doing so?
You can easily manage your personal loan repayments online 24/7, 365 days a year, thanks to our secured self-service customer portal. Repayments can be automatically deducted via direct debit, so all you need to do is make sure you have the money in your nominated bank account by the due date.
Jacaranda has been recognised by several awards and our customer service team are friendly, respectful and approachable. As a trusted lender for almost 10 years, we pride ourselves on offering some of the best customer service in Australia.
Changed your mind after receiving your funds? We offer a 48-hour cooling-off period for all loan products4. Simply call our customer service team to cancel your loan.
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.
At Jacaranda, we know that sometimes life can throw the unexpected at you. That's why we're on a mission to assist hard-working Australians with fast, reliable and responsible access to finance for life's expenses when you get caught short. We're 100% online, Australian-owned and operated, and we make applying for finance simple and fast.
Here are some other reasons our customers love us:
Our loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a quick guide to our charges, or visit our fees page to learn more. For detailed information about who our products are designed for, please review our Target Market Determinations.
Our fixed loans are flexible and can be used for a variety of different purposes. Available for some of life's biggest expenses, both expected and unexpected, here are some of the more common reasons our customers apply for a fixed-rate loan with Jacaranda:
A fixed dental loan can help 'fix' those teeth you've been having issues with, while our medical loans can provide the funds for any surgeries or specialist work you need.
Rental bonds can cost thousands per property when moving, and that's without considering other moving costs like hiring removalists. Take the stress out of moving with a Jacaranda rental bond loan.
Getting your car fixed is often necessary, but it can be expensive too. Our fixed-rate car repair loans can help you get back on the road in no time.
If your fridge breaks down and needs replacing or you just feel like upgrading, you could get the funds to do so quickly with a fixed white goods loan.
If your latest vet bill is a bit more expensive than you'd prefer, turn to Jacaranda Finance for fast and flexible fixed-rate vet loans.
Whether it's cracked tiles or a leaky roof, check out our fixed home repair loans and stop putting off any much-needed repairs.
Fancy adding another bedroom to your house? How about a new kitchen or some solar panels? Our fixed home improvement loans can help fund these new projects.
Our fixed holiday loans can let you get out and see the world without having to worry about how you're going to pay for it.
You can consolidate multiple different loan repayments into one easier-to-manage fixed-rate debt consolidation loan.
A fixed-rate wedding loan from Jacaranda can help you pay for some of those big wedding costs, like the ring, the catering, the bar tab, or even your honeymoon!
Still have questions about how our fixed loans work? Here are the answers to some of our most frequently asked questions.
If you are unsure whether you're eligible, you can check if you qualify initially. This will not impact your credit score.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
You can apply for varying loan amounts with Jacaranda, depending on your needs:
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 loans, visit our rates and fees page.
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. How quickly you can apply for a personal loan and receive your funds will depend on your situation.
Applying for a loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as but not limited to how fast you are at typing or if you have all the required information on hand.
After applying, most customers get an outcome on their loan application on the same day during normal business hours once we have received all of the supporting information we require. We do not guarantee same-day outcomes for all customers.2
Once an applicant has been approved and they have signed a contract, we automatically attempt to release the money to the applicant's bank account. 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.3
Visit our rates and fees page to get an idea of the costs associated with our loan products.
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, loan amount, and loan term for which you qualify.
Use our loan repayment estimate calculator to get a guide on what your repayments could be.Â
Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.
If you don't meet our initial criteria, your credit score won't be affected.
Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.
We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.
Other lenders will be able to see that you applied for a loan with Jacaranda.
This might impact your credit score.
Review our Privacy Policy for more information.
Yes, you can cancel your loan application at any point. Simply contact our application concierge team, and they will be able to assist you. Alternatively, reply to any SMS or email we have sent you to withdraw your application.
If you've already received your funds, we offer a 48-hour cooling-off period for all loan products. Anyone unsatisfied with their loan for any reason can return the total principal funds, including any payments made to third parties on your behalf, within a 48-hour cooling-off period and cancel their loan.4
$3,000 - $25,000
