Personal loan specialists

Short-Term Loans

  • Terms from 9 months to 48 months
  • No early repayment fees
  • Streamlined application process
4.9/5
Google Rating
2,660+ Reviews
4.8/5
Word of Mouth
880+ Reviews
4.7/5
Product Review
1,790+ Reviews
4.8/5
Trustpilot
880+ Reviews

Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23

I'd like to borrow
Over the term of
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You can now check your eligibility,
with no impact on your Credit Score!
*Subject to lending criteria, T's and C's'
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4.9/5
2,660+ Reviews
Norton Logo Norton Logo
4.9/5
Google Rating
2,660+ Reviews
4.8/5
Word of Mouth
880+ Reviews
4.7/5
Product Review
1,790+ Reviews
4.8/5
Trustpilot
880+ Reviews

Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23

Need a Short-Term loan?

If you need a loan to pay for a major expense, but don't want the longer repayments that many lenders offer, then you're in luck!

Our Short-Term loans come with loan terms as short as 9 months and as long as 48 months, with a maximum loan amount up to $25,000 and a minimum of $2,100. Applying for a Short-Term loan is easy with our quick online application process: our 60-second3 fund transfers to NPP-enabled bank accounts means you can have access to the funds you need, fast!

  • Borrow from $2,100 to $25,000
  • Up to 48 months loan terms
  • Fast loan outcomes
  • 60-second transfers3
  • No early repayment fees
  • Simple online application
4.9/5
Google Rating
2,660+ Reviews
4.8/5
Word of Mouth
880+ Reviews
4.7/5
Product Review
1,790+ Reviews
4.8/5
Trustpilot
880+ Reviews

Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23

Short-Term Loan Details

Loan Amounts:

$2,100 to $25,000

Loan Terms:

9 months to 48 months

Loan Type:

Secured and unsecured

Rate type:

Fixed

Repayment Options:

Weekly, fortnightly or monthly

No Early Payout or Exit Fees:

Customers who pay their loan out early do not incur any additional fees or charges for doing so. Fixed fees that have already been incurred are due and payable.

This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.

Terms and conditions doc

Short-Term Loans vs payday loans: What's the difference?

Don't get our short loans confused with payday loans. The two are very different products! A payday loan typically offers loan amounts up to $2,000, with loan terms starting from 16 days to one year.

They tend to be much more expensive than personal loans or medium-amount loans. According to ASIC's MoneySmart, payday loans commonly charge the following fees:

  • Establishment fee: Maximum 20% of the amount borrowed
  • Monthly fee: Maximum 4% per month of the amount borrowed
  • Default fee: Charged for missed payments and varies between lenders, fees cap out at double the original amount borrowed.

Jacaranda's Short Loans, on the other hand, offer loan amounts up to $25,000, and our loan terms start from 9 months. Unlike payday loans, which are often used for day-to-day expenses, our Short Loans are commonly used to pay for life's large and mid-sized expenses.

At Jacaranda, our quick personal loans can offer speed as well as affordability and thorough loan assessments. And with maximum loan terms of 48 months (48 months for our car loans), you can repay what you owe in a short space of time without stretching your repayments too much.

Terms and conditions doc
The loan process

Applying is too easy

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Fast online application

Tell us how much you want to borrow along with some details about yourself so we can assess your application.

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Bank statement review

We use a secure Credfin connection to your bank account to validate your application details - 128 bit encryption.

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Fast bank transfer

If approved we’ll transfer the money into your bank account in under 60 seconds3

Funds in 60s

to PAYID Enabled Banks
Commonwealth Bank of Australia logo Westpac logo Suncorp logo ANZ logo National Australia Bank logo

Not all banks or bank accounts are PayID enabled. To find out more information about PayID and how it works, please visit https://payid.com.au/ or contact your bank.

What can I use a Jacaranda Short-Term loan for?

With fixed repayments and both secured and unsecured loan options, our loan options could be a great choice for you based on your needs. Depending on whether you apply for our Cash Boost loan or our larger Express Personal Loan, you could use one for any of the following common loan purposes:

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Car repairs

When your car breaks down or is damaged in an accident, getting it fixed can be very expensive. Our car repair loans can help you get back on the road in no time.

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Vet bills

Whether you need money to pay for an emergency vet bill or to buy a new pet, Jacaranda Finance could have a vet bills loan to suit you.

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Medical bills

Some medical procedures can cost hundreds if not thousands of dollars! You can turn to Jacaranda for a personal loan to help pay for any large medical bills.

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White goods & furniture

Applying for a white goods loan with us can take the stress of a key appliance breaking down: you could receive your money on the same day and hop online to shop for a new one.

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Rental bonds & moving costs

A Jacaranda rental bond loan can help you manage medium expenses such as bonds and with removalists and lets you take some of the stress out of moving.

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Holidays

Personal loans can also be used for flights, accommodation, and other costs that come with booking a holiday. Check out our holiday loans today!

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Home repairs

Whether it's cracked tiles or a leaky roof, a home improvement loan can help you sort out those much-needed repairs you’ve been putting off.

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Home renovations & installations

You can use our home renovation loans to improve your home via renovations, remodelling, installing tech like solar panels, landscaping, and much more!

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Debt consolidation

If you're juggling multiple loan & credit card repayments, you can consolidate them into one easier-to-manage debt consolidation loan with Jacaranda, provided all other repayments are up to date and on time.

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Weddings

Whether it's for the ring, the dress or the venue, let Jacaranda alleviate some of that wedding stress and help you pay for your special day with a wedding loan.

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Am I eligible for a Jacaranda loan?

The basic eligibility criteria you must meet before submitting an application:
  • Be at least 19 years of age.
  • Be employed on a permanent or casual basis.
  • Have a consistent income going into your own bank account for the last 90 days.
  • Be in control of your finances and be handling existing financial commitments comfortably.
  • Be an Australian citizen or permanent resident with a fixed address.
  • Have an active email address, phone number, and online banking account in your name that belongs to you.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
  • You are currently or recently bankrupt (you must be three years discharged and in control of your finances)
  • You are not comfortably repaying your existing financial obligations
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See all FAQs

Short Term Loan FAQs

Want to learn more about our short loans and how they work? Find out all the answers to our most common questions here.

 

Jacaranda offers three loan products with varying loan amounts that you could borrow:

For detailed information about who our products are designed for, please review our Target Market Determinations.

Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.

We use the information you provide in the online application form as well as information on your bank statements to make sure that you qualify for a loan product during our credit assessment. If you don't qualify, your application will be declined without a credit check being conducted.

Once we have verified that you meet our non-credit report-related criteria, we do perform a credit check as part of our credit assessment, where an inquiry will be left on your credit file.

We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years, and it can be supplied on demand.

There are four credit reporting bodies that we may use to conduct a credit check:

  • Equifax
  • Experian
  • illion
  • Talefin

Review our Privacy Policy for more information.

Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner. How quickly you can apply for a personal loan and receive your funds will depend on your situation.

Applying for a loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as but not limited to how fast you are at typing or if you have all the required information on hand.

After applying, most customers get an outcome on their loan application on the same day during normal business hours once we have received all of the supporting information we require. We do not guarantee same-day outcomes for all customers.2

Once an applicant has been approved and they have signed a contract, we automatically attempt to release the money to the applicant's bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.3

Repayments on your loan are automatically set up to be deducted via direct debit from your bank account in line with your pay cycle.

Provided you are meeting your minimum contractual repayments, you can change the date of your direct debit payments, make extra repayments, change your bank account details and more from either the FastMoney app or online portal.

Download the app on the Google or Apple store today.

Read more: Personal Loan Repayments 101.

We are dedicated to providing you with finance when you need it, which is why we're open on Saturdays! We could provide you with a loan if you apply during our business hours on the weekend:

  • Monday - Thursday: 8.00 am - 5.00 pm
  • Friday: 8.00 am - 4.00 pm
  • Saturday: 8.00 am - 12.00 pm
  • Sunday: Office Closed

See also: Jacaranda Weekend Loans.

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 and the loan product, loan amount and loan term you qualify for.

Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.

A loan with Jacaranda Finance is a flexible option you can use to pay for some of life's biggest expenses: planned or unexpected.

Here are some of the most common reasons our customers take out a loan:

we're here to help

Need a hand?
Our customer service team are here to help.

If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.