Please note: Jacaranda Finance does not provide instant loans, nor do we provide loans without credit checks. Each application is subject to assessment.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
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An instant loan with no credit check is a loan where a credit check is not required, and the loan approval is instant. Jacaranda Finance cannot provide instant loans without performing a credit check. As a responsible lender, we do not offer "no credit check loans", as we conduct a credit check as a part of our assessment process.
Though Jacaranda cannot offer instant loans without a credit check, we do approve applicants across a broad range of credit scores and have fast outcomes and fund transfers.
At Jacaranda, we want to help you unlock your true financial potential. You can boost your creditworthiness over time by applying for and repaying a loan with us. Here’s how:
At Jacaranda, we understand that you don't have time to waste when you want a loan. You're probably very busy, and spending days waiting on your application is the last thing you need. This is why our award-winning, 100% online personal and car loans are as close to instant as you can get while still maintaining a thorough and responsible loan assessment process.
We only accept loan applications online via our online application form on our website or Better Credit app. We're 100% online, so there are no other ways to submit an application.
If you're considering applying for a loan with Jacaranda, you can first check if you qualify using our QualifyCheck technology, which does not affect your credit score.
Learn more about How to Apply here.
Australia has three main credit rating agencies that calculate your credit score:
Each credit agency uses different ranges for their credit scores. Here’s what these currently look like:
| Equifax | Experian | Illion | |
|---|---|---|---|
| Below Average | 0 - 459 | 0 - 549 | 1 - 299 |
| Average | 460 - 660 | 550 - 624 | 300 - 499 |
| Good | 661 - 734 | 625 - 699 | 500 - 699 |
| Very good | 735 - 852 | 700 - 799 | 700 - 799 |
| Excellent | 853 - 1,200 | 800 - 1,000 | 800 - 1,000 |
Generally speaking, your credit score will be calculated based on the following factors:
And more.
Learn more about all things credit with some of our insightful articles and guides.
Want to learn more about our loans and how they work? Find out all the answers to our most common questions here.
Jacaranda offers two loan products with varying loan amounts that you could borrow:
We also offer a Line of Credit product called FlexiCredit, which provides a maximum credit limit of $2,000. You can draw down from this amount in increments of $200 all the way up to that credit limit.
For detailed information about who our products are designed for, please review our Target Market Determinations.
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
Being prepared before you start your application will ensure that it is fast and easy to complete.
The application form will ask you for personal information about yourself that you should know or have easy access to. In the application, the only supporting documents you will need to provide will be the last 12 months of your bank statements.Â
We utilise safe and secure third-party open banking service providers with 256-bit SSL encryption to make this quick and easy for you. You'll need to have your internet banking details handy.
Once your application is complete, our credit assessment team may ask for more information depending on the details you’ve provided, such as ID documents, payslips and loan statements. We've built our own custom technology that makes this simple and easy for you to provide online via our loan platform.
Read more about our security and privacy policy.
Once you've submitted your loan application, we'll send you a confirmation that it has been received.
Our Credit Assessment team will contact you if they need any further information. Once they have completed their credit assessment, they'll send you a loan offer to consider.
Approvals based on more than a credit score
$3,000 - $25,000
