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Micro Loans Up To $2,000 Could Be The Pick-Me-Up You’re After!

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With all facets of our lives demanding speed and efficiency, Jacaranda Finance has a potentially perfect solution for you: micro loans! We can sort you out with a small loan quickly and easily. Imagine: your utility bill is due, your washing machine has broken down and then your daughter urgently needs new soccer boots! Enter tiny loans. Micro loans Australia are an easy and fast solution to an unexpected bill or cash flow problem.

So, with our fast application and quick outcomes, you could have your much-needed funds before you know it.

We are a 100% online loan company that provides personal loans to those who need a moolah pick-me-up. Therefore, Jacaranda Finance has a fast turnaround and expert loan advice available at the touch of a button.

Therefore, let’s learn more about Jacaranda Finance and how we can help with cash flow issues!

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Firstly, introducing Jacaranda Finance

We are the personal loan experts you’ve been looking for! We are ready to help you with all your micro loan needs. Our vision is to give all applicants a fair go; therefore, we don’t pass judgments purely based on past financial mishaps.

So, let’s play 20 questions… or maybe just five, so you can get to know us better:

Are we fast?

When we say quick micro loans, we mean it. With an application that takes just minutes to complete and fast outcomes, you could have your funds before you know it. Our website is designed to be user-friendly and help you along on your loan journey. We have developed a loan process that eliminates the hassle of taking out a personal loan.

So, to help speed up your application, try out our loan calculator! Located at the top of each Jacaranda Finance web page, simply select the amount you wish to borrow and for how long. The calculator will display the repayments for your desired amount either in monthly, fortnightly or weekly instalments. Once you are happy with your loan, click ‘Apply now”. As a result, you’ll be taken straight to the application.

Can we describe Jacaranda Finance using three words?

Fast, easy and convenient. Those three words really embody what Jacaranda Finance wants customers describe our service when they apply for a micro loan. With possible same day approval and no paperwork loans, it doesn’t get much better!

Do we offer paper-free micro loans?

Yes! Our personal loans are all paperwork free. Say goodbye to the days of endless photocopying and mountains of red tape. We use the latest in safe banking technology to obtain your bank statements and spending habits when assessing your application. If your application is approved, you can simply sign the contract online; no need to print it out!

Are we a responsible lender?

When we assess all our personal loans, we adhere to responsible lending practices. Jacaranda Finance does not approve an applicant who cannot afford the repayments. Therefore, we don’t want to land you in unmanageable financial debt. We are a lender that cares about the wellbeing of its clients.

Do we offer a simple repayment plan?

At Jacaranda Finance we have no paperwork loans and no paperwork repayments! We use the latest in safe banking technology to debit your nominated account for the repayments. So, say goodbye to the days of setting thousands of reminders for repayment due dates.

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What are micro loans?

Jacaranda Finance is a 100% online company providing personal loans for everyday Australians. As a result, we have created a hassle-free loan experience for all our customers. We provide small, medium and large personal loans. You can apply for all of our loans at the touch of a button.

A personal micro loan ranges from $300 to $2,000 and the loan term can range up to 12 months, depending on the micro loan amount. Our pocket rocket loans are small and fast. Apply today, it’ll take you no time at all.

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What do I need to apply?

When applying for a micro loan at Jacaranda Finance, we have a checklist to check whether you are eligible. Here is our handy checklist to look over before you apply for a micro loan. You must

  • Be over 18 years of age
  • Be an Australian citizen, or have permanent residency
  • Receive a regular income into a personal bank for the last 90 days
  • Have an active contact number and email address

Therefore, before applying, make sure to look over and check off these few requirements.

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Do we have asterisk costs?

Jacaranda Finance believes in full transparency. Therefore, we don’t hide our costs in tiny font at the bottom of our micro loan contracts. We believe in informing you of all our costs before you take out a micro loan. Knowledge is power! Here’s a simple breakdown of our micro loan costs:

For small personal loans ranging from $300 to $2,000, there is a 20% establishment fee charged upfront + a monthly fee of 4%.

So, for more information on lending costs, visit our costs page, or the MoneySmartwebsite.

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How do I apply for micro loans?

Applying for micro loans Australia is simple and fast. So, to understand what makes our micro loan application so easy, follow these 5 steps:

Step one: Applying online

Our online application is seamless and easy to fill out. Our loan applications can take just minutes to complete! That’s less than brewing a cup of coffee! So, start your online application today.

Step two: Assessing your application

Once your application is submitted, our expert loan team will evaluate your loan status based on provided personal details.

Step three: Paper-free application

So, utilising the latest in safe banking technology, we are able to access your bank statements and spending habits, without needing piles of paperwork. As a result, no paperwork loans are hassle-free. Therefore, say goodbye to the days of mass photocopying and mountains of paperwork! We may need to contact you for further documentation depending on your situation. If this is the case, we will let you know via SMS or email.

Step four: Responsible Lending

Whilst we assess your application, we adhere to responsible lending practices. We avoid lending money to customers who cannot afford repayments. The last we want is to land you in unmanageable debt!

Step five: Collect your moolah! 

So, once your application is submitted, either relax or get back to what you were doing. If you are approved, we’ll let you know as soon as possible. Once you sign your loan contract, we can transfer your funds to a nominated bank account instantly!  You’ll receive the money not long after. Time may vary depending on the speed of your bank and what documents you supply.

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What can you use personal loans for?

Small loans can serve a wide range of functions. Their versatility is part of what makes them so sought after! If you’ve got expenses, chances are a micro loan can help in some way. Here are just some of the ways quick cash loans can get you out a scrape:

  • Your dream wedding: use a micro loan to pay for your favourite photographer or your dream wedding venue.
  • Funding your side hustle: Want to your hobby into a profitable side business? Try a micro loan to give your hustle a jumpstart.
  • Creating an emergency fund: Use small personal loans to cultivate a nice little nest egg of moolah, to give you a headstart in your finances.
  • Pesky medical bills: Pay away those medical pesky medical bills with a micro loan.
  • Moving house: Relocating can be expensive, all those moving bills can pile up. So, try a micro loan Australia to ease your worries.
  • Home update: Does your bathroom need an update? If so, consider a quick micro loan to boost your home improvement fund.

Theresore, there is a myriad of reasons why people decide to apply with Jacaranda Finance. So, if you’ve got a financial problem, small quick loans could help solve it. Why not apply today?

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So, do we perform credit checks?

At Jacaranda we adhere to responsible lending practices. As part of these committments, we do perform credit checks on all our applicants. However, we are more lenient than traditional lenders. So, we want to give every customer a fair go, whilst continuing to honour our duties as responsible lenders.

Therefore, we understand that sometimes mistakes happen, and we don’t want your financial past to damage your future.

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Can I still apply for micro loans with bad credit?

Yes! We encourage everyone who is eligible and needs a micro loan to apply. When it comes to bad credit, we are more lenient than traditional lenders. As a result, we are able to lend money to customers who suffer from poor credit. However, they must be receiving a regular income over the past 90 days.

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If I am receving Centrelink payments, can I still apply?

Yes, you can! We consider Centrelink payments a source of income. As long as you are receiving regular income for the past 90 days, you can apply for a micro loan Australia.

Therefore, we accept most forms of Centrelink payments aside from Newstart, Youth Allowance and Farm household allowance. Unfortunately, we cannot accept these payments as income as we consider them temporary sources of income. Here’s a handy list of Centrelink payments we do accept:

  • Aged care pensions and disability pensions
  • Carer’s allowance
  • Family tax benefit
  • Veterans allowance
  • Widow or widower’s allowance

We encourage anyone who is on the hunt for tiny loans to apply here!

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Is a small personal loan right for you?

Therefore, if you’re not sure which loan suits your needs then feel free to give our friendly customer service team a call and they can help point you in the right direction. Once you have completed our online application, the customer service team will begin processing your loan.

So, who is this product for?Those who are looking for a fast processing short same day approval loan
How To be eligible to apply for a same day approval loan
  • Must be over 18 years of age
  • An Australian citizen or permanent resident
  • Have a regular source of income for at least 3 months prior to applying
What repayment terms do you offer?For small loans, up to 12 months. Repayment terms will vary depending on each applicant’s bank.
Loan types availableFixed
LenderJacaranda Finance
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So, why wait? Micro loans could be just one click away!

If you’re in need of a tiny pick-me-up, Jacaranda Finance is here to help! Our micro loans are for everyday Australians who need a spare buck, lighting fast.

We know that time is money, so we have created a quick micro loan application with a turnaround time that’s just as speedy. It’s fast and easy for your convenience. We value your time and money, so we adhere to responsible lending practices to save you from unmanageable debt.

Hopefully you now have a better handle on the concept of personal loans! So, apply today to begin your financial journey with Jacaranda Finance.

Want to get to know us even more? Check out our blog. We cover everything from financial hacks to life essentials, including, of course, the latest TV hits!

How customers rate Jacaranda

Micro Loans Up To $2,000 Could Be The Pick-Me-Up You're After! Overall rating: 4.8 out of 5 based on 57 reviews.

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Fast & Safe Loans

Small Personal Loan

Loan Amount

Minimum
$300


Maximum
$2,000

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Terms

Minimum
12 Months


Maximum
12 Months

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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
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Examples

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.

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Medium Personal Loan

Loan Amount

Minimum
$2,100


Maximum
$4,600

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) is 48%
Comparison Rate is 67.41% per annum.

This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 48%.

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
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Examples

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.

* Reducing intertest means that the 48% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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Large Personal Loan

Loan Amount

Minimum
$5,000


Maximum
$10,000

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) is 21.24%
Comparison rate is 48% per annum.

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
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Examples

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.

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