Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months receiving a rate of 10.48% (12.56% Comparison Rate). A borrower with an excellent credit history can expect to pay a total of $12,054.24. WARNING: This comparison rate is valid 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 with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 12.56% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 10.48% (12.56% comparison rate) with a maximum of 24% (41.50% comparison rate). The minimum loan term is 12 months and the maximum loan term is 36 months. For more details and examples visit our rates and fees page.

Need a quick 10K loan?

Jacaranda Finance offers a 10K loan online to applicants in need of a short term financial solution. We offer personal loans from $2,500 to $15,000 to cover a variety of expenses. Whether you need some medical expenses covered or an emergency quarantine you were not prepared for, we offer personal loans to assist you with covering the initial costs.

We are a 100% online lender. This means that we are able to deliver fast outcomes without the hassle of paperwork or long phone calls. We are an award-winning lender and the first lender in Australia to deliver a 60-second payout; when you are in need of credit, Jacaranda Finance may be able to help you.

What is a 10K Loan?

A 10K loan is a personal loan of up to $10,000 to be used for personal reasons. We offer personal loans from $2,500 to $15,000 to eligible applicants in need of emergency cash. We offer two types of personal loans: medium loans, and large loans.

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Medium loans

Security Option: Secured and Unsecured
Loan Amount: $2,500 to $4,600
Repayment Options: 12 to 24 months

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Large loans

Security Option: Secured and Unsecured
Loan Amount: $5,000 to $15,000
Repayment Options: 12 to 24 months

Can I get an unsecured personal loan?

Our small loans are unsecured loans because there is low risk involved when lending at smaller amounts. We offer secured loans on our larger loan amounts. This means that you must attach an asset to your loan as collateral. This allows us to continue to offer competitive rates to our applicants. If you would like a more detailed breakdown of our fees and charges, refer to our costs page.

How do I get approved?

Start the application process
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Apply online, it’s simple and easy

Submit an application via our 100% online application. This could take you as little as 5 mins 1 to complete. Most applicants have an outcome from their application within 60 minutes2.

applications
Accept your contract & we release your money instantly

Once you digitally sign your contract, we’ll release your money instantly3. Most clients have their money in their bank account and ready to use straight away (even on weekends).

money
Manage your account effortlessly

Through our customer portal, you can manage your loan and repayments with ease. Check balances, make extra repayments and payout your loan early at the click of a button.

iPhone
Apply online, it’s simple and easy

Submit an application via our 100% online application. This could take you as little as 5 mins 1 to complete. Most applicants have an outcome from their application within 60 minutes2.

applications
Accept your contract & we release your money instantly

Once you digitally sign your contract, we’ll release your money instantly3. Most clients have their money in their bank account and ready to use straight away (even on weekends).

money
Manage your account effortlessly

Through our customer portal, you can manage your loan and repayments with ease. Check balances, make extra repayments and payout your loan early at the click of a button.

Eligibility

We have some standard lending requirements all of our applicants must meet before we can approve their loan application. Please ensure you meet our eligibility criteria before you apply:

  • You are at least 18 years old
  • You have had a consistent income into your bank account for at least 90 days
  • You are an Australian citizen or permanent resident
  • You have an active email address and mobile phone number
  • You have internet banking set up

Supporting documents

While we do not require physical paperwork, we do still require copies of the following supporting documents. It may be helpful to have these documents available when you apply:

  • 100 points of ID
  • Your basic personal information (full name, date of birth, address etc.)
  • The reason for your loan
  • Your online banking details
  • Your myGov details (if you currently receive Centrelink benefits)

10K bad credit loan

Securing a loan when you have bad credit can be challenging. Jacaranda Finance is an online lender; this means that we can be more lenient in our credit lending requirements than traditional lenders like banks and credit unions. We offer bad credit loans up to $15,000 to eligible applicants that meet our requirements. We will conduct a thorough analysis to ensure that you can afford your loan repayments using your bank statements. If we find that you are able to manage your loan, even with bad credit, we may be able to provide you with as close to an instant 10K loan that you can find in Australia.

We conduct an individual financial assessment on all of our loan applications. We must still conduct a credit check in line with responsible lending guidelines by ASIC; however, your credit score will not be the only factor in your application.

Frequently Asked Questions

What are the most common reasons people apply for a loan?

We receive loan applications for a variety of reasons. Whether it’s an unexpected bill or a loan for furniture, we approve applications for all of these reasons plus more. Here are just 10 of the most common reasons we receive loan applications:

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Unexpected bills
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Medical costs
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Car repairs
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Debt consolidation
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Travel costs
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Car registration
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Wedding costs
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Home improvements
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Relocation costs
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Loans for furniture

How else can I access 10K fast?

If you need to borrow 10K for a personal expense, there are some other credit products/cash solutions that may be available to you.

Credit card

Different credit cards have varying minimum and maximum credit limits. You may wish to research and find a credit card that has a $15,000 limit; this way, you can borrow up to $15,000 to pay back at a later date. Credit cards often accompany a variety of fees and charges if not repaid in full so it is important to select a credit card that is affordable for you.

Advance from your employer

You may be able to ask your employer whether you can access an advance on your salary. Depending on your employer, your circumstances and how long you have worked for the company, you may be able to request a payment advance. You should discuss this with your employer, specifically how much you can request and how it will be repaid.

Line of credit

A line of credit operates similarly to a credit card. You can draw on a line of credit up to its limit when you need funds to be repaid in instalments. A line of credit will also accompany other fees and charges, so it is best to do your research.

2If you apply for your loan within our business hours

3If you have an NPP-enabled bank account

Over 4,800 Reviews On Trusted Platforms

Sometimes we offer customers incentives encouraging an honest review be it negative or positive based on their experience. It is possible that some reviews were written by customers who received a reward.

Last updated: 03/05/2022

Super easy and fast system, applying was seamless and money was instant!

Shaan Johari – GOOGLE REVIEW

Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.

naomie falconer – GOOGLE REVIEW

Brilliant service and quick action during application process the best there can be when it comes to quick loans.

Nathan Ross – GOOGLE REVIEW

It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much.

Dianita Miguel – GOOGLE REVIEW

Excellent service once again from Jacaranda. Great improvements to the application process, very easy & efficient.

Jim Mccullough – GOOGLE REVIEW

Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you.

Brendan Lau88 – GOOGLE REVIEW
 

Need a hand?
24hr loan processing.

Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, if you need some help navigating what the best loan is for you, our friendly team is more than happy to answer any questions you may have.