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.

Looking for no credit check loans?

If you have a poor credit score, you may be searching for instant cash loans in Australia with no credit check. At Jacaranda Finance, we can look past your credit score when you apply for one of our loans. Although we cannot provide ‘no credit check loans’, we operate a little differently to traditional lenders. We’ll give you a fair assessment no matter what your credit score is. We provided thousands of loans to Aussies with bad credit.

What is an instant cash loan?

Instant cash loans (also called ‘quick loans’ or ‘fast loans’) are generally personal loans that are approved within a few hours of applying. Typically, the funds are then transferred instantly on approval. Often, applying with traditional banks and lenders requires more paperwork. As a result, it can take weeks to get an outcome on a personal loan. With instant cash loans, customers can receive their cash within hours instead of days.

What are no credit check loans?

As the name suggests, no credit check loans are a type of personal loan that you can apply for and won’t have your credit history viewed or considered. Lenders who offer these types of loans will not request a credit report from credit bureau’s such as Illion, Equifax, or Experian. The details of these loans will still be listed on your credit file, however.

Do you offer ‘instant cash loans with no credit check’?

We cannot provide ‘instant cash loans with no credit check’. As a responsible lender, we are required to conduct a credit check on all eligible applicants. However, your credit score is not the only factor we look at. At Jacaranda, we understand that your financial history is just that – history. Instead, we prefer to get a better understanding of your current financial circumstances to determine if you’ll be able to repay the loan.

Is it possible to get a loan with no credit check?

If a lender claims to offer no credit check loans, then they are not following responsible lending guidelines. However, it is possible to get a loan where your income and employment are used as the primary method of determining if you can borrow.

Jacaranda Finance is one of these lenders. Although we will conduct a credit check on every eligible applicant, we can still provide fast cash loans for those with bad credit. These loans range between $2,500 to $15,000 and feature repayment periods from 12 to 24 months (depending on the amount you apply for).

Are no credit check loans safe?

There are a variety of no credit check loans. You may be offered a no credit check loan in the form of a personal loan, or a payday loan. However, if lenders offer no credit check loans, then they’re not following the responsible lending guidelines set by ASIC.

At Jacaranda, we conduct credit checks as part of our commitment to responsible lending. However, you don’t have to worry; we generally put more focus on other factors to determine if a loan is right for you. So, even if you do have bad credit, Jacaranda may be able to help you borrow money when you need it most!

What is bad credit?

Bad credit is most often the result of late payments or payment defaults on loans or other credit accounts. This is then recorded on your credit report as negative information, which in turn brings your credit score down. It’s not just recent defaults that are taken into account. Some negative credit information can remain on your report for up to 7 years. That means that a mistake from years ago could still be affecting your ability to access a loan!

Do I have a bad credit score?

In Australia, there are three credit reporting agencies. These are Experian, illion, and Equifax. Your credit score may vary between each of these bureaus as they have different credit rating scales. Below, we’ve provided a breakdown of what your credit score means for both Equifax and Experian.

Credit Band Experian Equifax
Excellent 800-1,000 833-1,200
Very Good 700-799 726-832
Good 625-699 622-725
Average 550-624 510-621
Below Average 0-549 0-509

How to check your credit report

You can check your credit report through an online credit score provider for free. You may have to pay a fee if you want a copy in less than 10 days or if you ask for more than one copy in a year. You can access a free annual copy of your credit report from the following credit bureaus:

How to repair your credit report

Unfortunately, there is no ‘quick fix’ to bad credit. However, there are still things you can do to improve your credit score. Firstly, it’s important to know your credit score. After all, how can you improve it if you don’t even know what you’re improving? Once you know where to start, it’s time to start rebuilding your creditworthiness.

If you have multiple debts or loans, it may be beneficial to use a bad credit loan to consolidate your current expenses. It is a lot easier to manage one payment than multiple! The more payments you make on time, the more your credit score can improve.

Check your credit report for any mistakes or inaccuracies. If you find any, contact the credit reporting agency to rectify this. Lastly, it’s crucial that you pay your bills on time, manage your credit card expenses, and above all – think carefully before applying for any new credit until you’re out of the red. Until things are easier to manage, it may be wise to tackle your current expenses before incurring any new ones. When your debt decreases, not only will it be less stressful applying for credit – it will be a lot easier!

Our loan options

Jacaranda offers two types of personal loans. Unfortunately, none of these can be labelled as ‘no credit check loans’. However, you can apply for medium and large bad credit loans. The table below gives a more in-depth view of both of these loans.

Loan Type Secured Options Loan amount Loan term
Medium Loan Secured and Unsecured $2,500 to $4,600 12 to 24 months
Large Loan Secured and Unsecured $5,000 to $15,000 12 to 24 months

How do I apply?

Although Jacaranda cannot provide no credit check loans, you could apply for a personal loan up to $15,000. To apply, you’ll need to follow these 3 simple steps:

Step 1: Apply online

To begin your application, scroll up to the top of this page.

Step 2: We’ll assess you

Next, our team of loan specialists will assess your application. If you apply during our business hours, then you could receive your application in just 60-minutes2.

Step 3: Get your cash

If you’ve been approved for a loan, then we’ll send over a loan contract for you to review. Once we receive your signed contract, we’ll transfer your cash to you immediately.

Who is eligible to apply with Jacaranda?

Although we cannot provide ‘no credit check loans,’ we could provide you with a bad credit loan. To be eligible, you must:

  • Be 18 years or older
  • Be an Australian citizen or permanent resident
  • Have a consistent income into a personal bank account for 3 months
  • Have a mobile number and email address
  • Have internet banking set up

What documents will I need to provide?

When completing your application, you’ll be asked for the following information and documentation:

  • Personal details (i.e. name, address, D.O.B);
  • Your phone number and email address;
  • The reason for your loan;
  • myGov details (if you receive Centrelink benefits);
  • Online banking and employment info.

Why choose Jacaranda Finance

We are pretty fast when it comes to offering personal loans. With Jacaranda, applying for a loan doesn’t have to take days with our quick, easy-to-use, and 100% online application form. In fact, after you submit an application, you could receive an outcome in just 60 minutes2 and, if approved, receive the cash you need in under a minute3. We did say we were fast!

What can I use my instant loan for?

Although Jacaranda can’t provide instant cash loans with no credit check, we could offer a fast cash loan that could be used for a variety of reasons.

  • Car repairs
  • Rental bond
  • Buying furniture or white goods
  • Medical expenses
  • Travel costs
  • Unexpected or emergency bills
  • Debt consolidation
  • Home renovations
2If applied within our standard business hours. 60-minute outcomes are not guaranteed.
3If you have an NPP-enabled bank account.