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.

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.

Secured Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 12 – 24 months
Starting Interest Rate (APR) – Excellent Credit
Check out our Rates & Fees page for all rate bands.
10.48%
Starting Comparison Rate – Excellent Credit
Check out our Rates & Fees page for all rate bands.
12.56%

Based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. 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.

Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly account keeping fee $0 to $25
Early repayment fee $0
Average turnaround 60 minutes2
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. 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 14.49% 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 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 12 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.

What is a secured loan?

A secured personal loan requires collateral. This means that you’ll need some kind of asset as security when borrowing money. If for some reason you’re unable to repay the loan, the lender can possess the asset and sell it to cover the money you owe. At Jacaranda Finance, we offer secured loans for amounts between $2,500 to $15,000. Even though securing your loan will require slightly more information, we’ll only ask for the necessities.

Secured vs. unsecured: what’s the difference?

At Jacaranda Finance, we offer both secured and unsecured loans. If it’s a small loan you’re after (between $2,500 – $5,000), we don’t need any form of collateral. Because these loans rely solely on your creditworthiness, they typically incur higher interest rates than secured loans.

If an applicant is wanting to borrow more than $2,500, we may require a form of security. This will depend on the desired amount they wish to borrow, as well as their individual financial situation. In some cases, we won’t require collateral for a medium to large-sized loan, but it’s always a good idea to understand how secured loans work in case you need to apply for one. Typically, people will apply for secured loans in order to borrow a larger amount than unsecured loans offer.

As secured loans have security, they typically incur more competitive interest rates than unsecured loans. In saying that, however, one is not necessarily better than the other. It all depends on the individual’s financial situation, so it’s a good idea to have a chat with our customer service team to discuss your options.

  • $2,500 to $15,000
  • 100% Online
  • Flexibility With Collateral
  • 60-Second3 Transfers

Get Your Cash In 60-Seconds Once Approved3

We’ve helped over 50,000 people get approved!

What can I use a secured loan for?

Our secured loans are flexible, just like regular personal loans. Some common uses include:

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Car Repair & Maintenance Costs
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Holiday Costs
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Home Renovation & Improvements
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White Good Costs
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Medical Bills
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Veterinary Bills

Am I eligible for a secured loan?

  • Be at least 18 years of age

  • Be an Australian citizen or permanent resident

  • Have a consistent income into your bank account for the last 90-days

  • Have an active email address, phone number, and online banking account, in your name, that belongs to you

 

What you’ll need to apply

  • Basic personal information (i.e. full name, address, D.O.B)

  • Online banking details

There are instances where our team may need to request further information or supporting documents from you. Don’t worry, we will let you know exactly what we need and why we need that information from you

 

Why choose Jacaranda for a secured loan

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Our tech

At Jacaranda Finance, we’ve created our very own bank statement technology that lets us assess your applications quickly. This technology allows us to gauge an idea of your entire financial situation, rather than just your credit score. This lets us conduct a fair assessment while saving you long wait times.

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Our speed

We’ve made our application process as simple as can be. Most customers complete their application within 5 minutes1, and receive an outcome as soon as they submit. Those who don’t receive an immediate outcome will typically only wait 60-minutes2 during normal business hours to hear back from our team.

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Aussie-owned and operated

Here at Jacaranda, we’re Aussie-owned and operated. We’re also a family-owned business, and understand what it takes to keep the values of community and respect alive. That’s why we pride ourselves on providing exceptional customer service, and finding customers the best possible deal on their loan.

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60-second payouts

Approved applicants who have an NPP-enabled bank account will typically see their cash within just 60-seconds3 of approval. Thankfully, most online banking accounts are NPP-enabled automatically. For those which aren’t, though, don’t stress – the money will pop into your account overnight from the day of approval.

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
 

Frequently Asked Questions