Home Improvement Personal Loans
Made
Considering renovations or need urgent home repairs but don't have the cash?
Jac's got your back with a same day2 personal loan up to $25,000
Check If You Qualify
With no impact on your credit score!
Check If You Qualify with no impact on your credit score!
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Considering renovations or need urgent home repairs but don't have the cash?
Jac's got your back with a same day2 personal loan up to $25,000
What is a Home Improvement Loan?
A Home Improvement Loan is simply a Personal Loan used to fund home repairs or renovation projects.
As these projects can often be expensive, you might not have the cash on hand to pay upfront, or perhaps you prefer not to dig deep into your savings. But with a Home Improvement Loan, you could even potentially increase your home’s value by a greater amount in the long run.
We offer loans for home improvement from $3,000 to $25,000, with loan terms ranging from 25 - 36 months.
Home Improvement Loans For What You Need - & When You Need It.
Our most popular renovations with a Home Improvement Personal Loan!
The Easy Application Process - How it Works
Our loan application process for a Home Improvement Loan 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.
Estimate Loan Repayments
If you’re after more of a visual guide on how much one of our loans might cost you, use our loan repayment estimate calculator to get a guide on what your repayments could be with a Jacaranda home improvement loan.
It only takes a few seconds!
Ready to Apply? You can get started now.
Including Interest & Fees
Rates & Fees
Loan Eligibility Criteria
- Be at least 19 years of age
- Be employed on a permanent or casual basis, with consistent income for 90 days
- Be an Australian citizen or permanent resident with a fixed address.
- Have an active email address, phone number, & online banking details in your name.
- Be in control of your current finances and handling existing financial commitments comfortably.
You can check if you qualify initially if you aren’t sure whether you're eligible. This won’t impact your credit score.
Information you will need to provide:
- Basic personal information (i.e. full name, address, D.O.B, number of dependants etc.)
- Employment status & details
- Your bank statements*: we will assess the last 12 months of your bank statements to help determine if you can afford to repay your loan.
*This is standard procedure for loan applications across the industry. Data is safely secured with 256-bit SSL encryption. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you.
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Frequently Asked Questions
Want to know more? Find out the answers to the most common queries about our Home Improvement Personal Loans.
Besides renovation or home improvement loans, you could also use the following:
- Construction loans: A type of loan for those who are building a home or conducting a major renovation. With a construction loan, you'll likely borrow an amount similar to that of a home loan (i.e. hundreds of thousands of dollars) in instalments as your home is being built.
- Home equity loans: If you have an existing mortgage with equity, you could draw on this equity to pay for a home renovation instead.
These financing options are generally more suitable for larger renovations, however. For smaller projects up to $25,000, an online loan with a lender like Jacaranda could be your best bet.
- 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.
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 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
Your home improvement loan with Jacaranda can be secured or unsecured, as we offer both types of loans. However, our unsecured loans are only available for loan amounts up to $15,000. Anything more than this and you must provide security.
See also: 5 Differences Between Secured and Unsecured 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. 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
You can apply for varying loan amounts with Jacaranda, depending on your needs:
- With our Express Personal Loan, you can borrow between $3,000 and $25,000.
- With our Car Loan, you can borrow between $10,000 and $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 loans, visit our rates and fees page.