Discover Jacaranda Finance

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$300 $10000
$2000
Adjust the above slider to your desired loan amount
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(you will be sent a verification code by SMS)

Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on our loans between $300 and $2000 is 199.43%. 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. Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a. 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. Click here to see a worked example.

The Interest Rate for Secured Large Amount Loans is 21.24%. Maximum Comparison Rate is 48% p.a. 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. Click here to see a worked example.

Medical loans for bills up to $4,600

Medical loans from $300 to $10,000 repaid over 12 to 24 months! Apply now!

Having to go through any kind of medical treatment can be very stressful. Whether it be emergency treatment or specialist appointments, it can be a daunting time for yourself and your family. Medical treatment is not cheap and can really put a strain on your finances. Not only are you nervous and frustrated but you’re also stressing about how on earth you’re going to pay for it all. Medical loans might be just what you need to make a stressful situation a little less, well, stressful.

Don’t spend time worrying about your medical finances when there are far more important things to be focusing on, like your health and recovery! Apply for a medical loan with Jacaranda Finance and you can nurse yourself and your finances back to full health!

medical loans

how it works question

What are medical loans?

Medical loans Australia are personal loans that will help you with your medical finance. Becoming sick or getting injured to the point where you need medical treatment is a scary time for anyone! Medical loans will allow you to get the quality care you need without the added stress of money.

Our medical loans are easy to apply for, have fast approval times and offer same day cash straight to your bank. You won’t need to twiddle your thumbs for days waiting for a response, we’ll give you one straight away! We understand how sensitive a time like this can be and we want to do anything we can to help. Therefore, our loans for medical procedures are here for when you need them.

We offer 3 types of medical loans. These are:

Small personal loans

Medium secured personal loans

Large secured personal loans

Our medium and large secured personal loans require an asset to be attached to them for security. Generally, you would attach a car, motorbike, or even a caravan that you own. This is all done in the application process and only adds a minute or 2 to the time it takes to complete the form.

To find out a little more about small personal loans and medium and large secured personal loans, check out the ASIC Moneysmart website.

how it works question

Who can apply for medical loans?

To qualify for our medical loans, you just need to meet our basic eligibility requirements. We ask that you are:

TO
QUALIFY
FOR ONE OF OUR PERSONAL LOANS, YOU MUST:

age-18
Over 18 years of age

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Receiving a regular income into a personal bank account

aus
An Australian citizen, or have permanent residency

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Have a valid mobile number and email address

If this sounds like you then head back to our homepage and click the ‘Apply Now’ button to get started with your medical loans application.

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How long does it take to recieve medical loans Australia?

We offer some of the fastest medical finance Australia has to offer! Our application process takes mere minutes to complete and everything is very straightforward. When applying for medical loans with Jacaranda Finance, you can expect to need a few spare minutes to fill out the application form.

Once you’ve clicked ‘submit’ we’ll tell you straight away if we think we’re a good match for you. This is just because we know how stressful and time-sensitive applying for medical loans can be and we don’t ever want to take up more of your time than we have to.

So, if we’re not able to make you an offer, we’ll tell you right away. Otherwise, you’ll receive conditional approval on your application. We try to get back to you within about 60 minutes with an offer as long as you have applied within business hours and we don’t require any additional information. Then, if you’re happy, we’ll send you an electronic contract to sign. As it’s electronic, you won’t need to worry about printing out the contract and scanning it back. Just sign it online and a copy will be sent back to us. You’ll also be able to download a copy for yourself.

Once we’ve received it, we’ll release the funds within about an hour. You could see the money in your account within minutes. However, that is up to the policies of your bank. Most clients receive their money that same day but transfer times do vary up to the following business day.

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Can I get medical loans with bad credit?

As responsible lenders, we do conduct credit checks on new clients. However, we’re all about giving everyone a fair go! Therefore, we’ll take a look at much more than just your credit history. We believe we get a much clearer representation of your true financial situation by assessing your income and overall relationship with money. We understand that everyone makes mistakes, especially in times of financial hardship. Therefore, we make sure we focus more on your current situation and not your past mistakes.

We use cutting-edge technology to access read-only copies of your bank statements from the last 90 days. This is done using the internet banking credentials you provide us with on the application form. Our system will assess your income and expenditure and use machine learning to determine your ability to repay your medical loans. This is the most secure, efficient and accurate way of assessing your situation and it ensures that everyone’s application is processed fairly and thoroughly.

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Do you approve medical loans for low-income earners?

At Jacaranda Finance, we are happy to accept applications from people from all walks of life. We know how quickly medical bills can add up and we would never want to exclude someone from much needed medical finance. However, we do require that you’ll be able to comfortably repay your loans for medical procedures.

As long as you have a regular and stable income, whether it be from work wages or Centrelink, you’ll be one step closer to getting the medical loan you need.

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So, do you offer medical loans for Centrelink recipients?

Yes, we do! All you need to do is meet our basic eligibility requirements in terms of your income. Otherwise, it doesn’t matter if you are working or receiving Centrelink payments. We’ll just ask you to provide us with your MyGov account details so we can take a look at your Centrelink income statement and verify your earnings.

The only reason your medical loan application would ever be declined is if we don’t believe you’re able to afford the loan repayments. It won’t matter if you receive your income from Centrelink or work wages or even if you have bad credit. If it’s clear that medical loans would hinder your financial situation more than they would help it, we won’t be able to approve your application.

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What are some things to consider before applying for medical finance Australia?

We know that if you’re applying for a medical loan it’s likely that you’re under a great deal of pressure. This is completely justified. However, it’s easy to make rash decisions when you’re feeling a little emotional. No matter what the situation, it is important to always consider certain things before applying for medical loans. These are some important questions that you should ask yourself:

Once you’re comfortable with these factors associated with medical loans, it’s time to apply!

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So, how much do medical loans Australia cost?

The cost of your medical finance is one of the most important things to consider before applying. This is because you don’t want to leave yourself short when it comes to making the repayments. If you know that the repayment amounts won’t fit into your budget comfortably, you might want to consider borrowing a lesser amount or waiting until your situation changes a little.

The costs associated with our medical loans are:

Small person loans:

Medium secured personal loans:

Large secured personal loans

Example of how our small personal loans work

Loan amount

$300 minimum
$2,000 maximum

Costs

Up to 20% Establishment Fee + monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest.

The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

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

Terms

12
months

Example:

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

Example of how our medium secured personal loans work

Loan amount

$2,100 minimum
$4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 67.41% P.A.

This comparison rate is based on a Jacaranda Secured Medium Loan for an amount of $2500 over 2 years and a $400 establishment fee. Fees and charges are payable.

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

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.

For more information about the allowable fees and charges for SACCs & MACCs visit the MoneySmart website.

Example of how our large personal loans work

Loan amount

$5,000 minimum
$10,000 maximum

Costs

ANNUAL PERCENTAGE RATE (APR) IS 21.24% Comparison Rate is 48% P.A.

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

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

What our clients say

Medical loans from $300 to $10,000 repaid over 12 to 24 months! Apply now! Overall rating: 4.7 out of 5 based on 148 reviews.

Great easy application

★★★★★
5 5 1
Very fast easy to apply thank you so much