Small Loans
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When life throws you a curveball, you might need some help paying for it.
A Small Loan with Jacaranda Finance could be just what you need to manage these unexpected (and expected) expenses.
Check If You Qualify
With no impact on your credit score!
Check If You Qualify with no impact on your credit score!
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
When life throws you a curveball, you might need some help paying for it.
A Small Loan with Jacaranda Finance could be just what you need to manage these unexpected (and expected) expenses.
What is a Small Loan?
In Australia, a Small Loan is just a loan you take out to cover small-to-medium-sized expenses. They are not technically a personal loan - those start from $5,000 - but still allow you to borrow a lump sum to be repaid over a specified loan term, with interest.
At Jacaranda Finance, our 'Cash Boost' Loan could be the solution you're looking for to manage those smaller but still significant expenses. With Cash Boost, you can borrow as little as $2,100 up to $4,600. Our loan terms for this product range from 9 months to 18 months with fixed interest rates, so you can pay your loan off in a shorter period of time with more structured repayments.
Whether you want a Small Loan to pay for flights, car repairs, or a rental bond, a Jacaranda Cash Boost could be what you need.
Benefits of a Jacaranda Small Loan
In addition to our rapid applications1, fast outcomes2 and even faster transfers3, Jacaranda's Small Loans offer the following advantages:
The quick Small Loan application process
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
How to apply for a Small Loan with Jacaranda
Our Small Loans process is super quick and easy. Apply online today in just four simple steps:
- Apply in just 5-12 minutes, depending on your circumstances
- Check if you qualify without impacting your credit score
- Receive a same-day outcome on your loan application
- If approved, get your money within 60 seconds
Still not sure if a Small Loan is right for you?
Want a more detailed estimate of what a Jacaranda Small Loan might cost you? Use our loan repayment estimate calculator to get a guide on what your repayments could be.
It only takes a few seconds!
Ready to Apply? You can get started now.
Including Interest & Fees
Ready to Apply? You can get started now.
Small Loan Details
Jacaranda’s Small Loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a summary of the costs associated with our small Cash Boost Loan.
Small Loan Eligibility Criteria
- Be at least 19 years of age
- Be employed on a permanent or casual basis, with consistent income for 90 days
- Be an Australian citizen or permanent resident with a fixed address.
- Have an active email address, phone number, & online banking details in your name.
- Be in control of your current finances and handling existing financial commitments comfortably.
Information you will need to provide:
- Basic personal information (i.e. full name, address, D.O.B, number of dependants etc.)
- Employment status & details
- Your bank statements*
*This is standard procedure for loan applications across the industry. Data is safely secured with 256-bit SSL encryption. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you.
It’s Faster With the FastMoney App
- Easily apply for and manage your loan in-app
- Make extra repayments, check your balance & more
- Easy access to our customer service team
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Small Loan FAQs
Want to learn more about our Small Loans and how they work in Australia? Find out all the answers to our most common questions here.
Don't get our small loans confused with payday loans, as 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. These loans tend to be more expensive overall.
Jacaranda's small loans, on the other hand, offer loan amounts starting from $2,100 up to $25,000, with minimum loan terms of 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.
See our page on short-term loans for more information.
- 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
We review all applications, even those who have bad credit.
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
Want to pay a chunk off in advance? Some other lenders charge a fee for that, but not Jacaranda. No early repayment fees to worry about here
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.
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
An establishment fee (or application fee) is the one-off, upfront fee a lender charges for submitting your application. It covers the costs of assessing your application and paying the staff to do so. Our Small Loan establishment fee is a flat rate of $400.
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.
What else can I use a personal loan for?
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Get in Touch
Have some questions about our Small Loans? Feel free to contact us today. Whether you're a new customer or an existing one – our friendly customer service team is here to help. Our team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.