Personal Loans Melbourne
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'
Award-winning lender
Express personal loans in Melbourne
From the vibrant and lively city centre to the sprawling parklands, Melbourne is a city lover's dream. It's no wonder that millions of Aussies love to call this city home. Melbourne residents and tourists alike enjoy a fast, convenient lifestyle, so why should personal finance be any different?
Apply for a personal loan today with Jacaranda Finance.
$3,000 to $25,000
25 months to 36 months
Fixed
Weekly, fortnightly or monthly
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.
We Make Applying Easy
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.
Wondering what to do in Melbourne?
Whether you're a local or spending your weekend in the city, you'll be glad to know that there's no shortage of activities to keep you busy.
Visit the Royal Botanic Gardens
Melbourne is home to an incredible array of public gardens – the most impressive of which is the Royal Botanic Gardens, right in the heart of the city. Whether you're planning a picnic or want to stroll through the beautiful gardens at your leisure, the Botanic Gardens are a great way to get some fresh air while still being in the city centre.
Queen Victoria Market
Who doesn't love an open-air market? Queen Victoria Market is located right in the city centre and is open weekly from Thursday to Sunday, and Tuesdays. It has a lively culture and is a gem for foodies and shoppers alike.
Visit the National Gallery of Victoria
The National Gallery of Victoria is the country's oldest (and most popular) art museum. It's home to regular art exhibitions from major international names, like Van Gogh and Warhol, and will always have something showing for everyone’s fancy.
Degraves Street
Degraves Street is one of the most iconic laneways in Melbourne. It's found between Flinders Lane and Flinders Street and offers a wide variety of eateries, quaint stores, and everything in between. If you’re a lover of shopping, architecture, or admiring a beautiful street view, you'll enjoy spending time on Degraves Street.
The Docklands
A vibrant host of many activities and restaurants, The Docklands is a must-do when visiting Melbourne. Whether you are out for a good buy, visiting the interactive 3D art gallery, or searching for a dining experience among the smorgasbord of options, The Docklands has something for everyone.
Melbourne Zoo
Visiting the zoo is a favourite pastime for families, and Melbourne Zoo will be no exception. With a butterfly room, elephant trail, and pride of lions, there’s something for all ages. The Zoo even hosts high teas and a ‘Roar ‘n’ Snore’ – which offers visitors the chance to camp overnight in the Zoo itself.
Average income in Melbourne
Annual Income |
|
---|---|
$126,197 |
$92,029.60 |
Average of Melbourne |
Average of Australia |
Cost of living in Melbourne
Monthly Cost of Living (incl rent) |
|
---|---|
$3,262.71 |
$8,639.68 |
Average cost of living for a single person in Melbourne |
Average cost of living for a family of four in Melbourne |
$3,251.12 |
$8,163.10 |
Average cost of living for a single person in Australia |
Average cost of living for a family of four in Australia |
Source:Â Numbeo (2022)
Rates & Fees
Trusted by 1,000s

Am I eligible for a Jacaranda loan?
You must meet the following basic eligibility criteria 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.
If you are unsure whether you're eligible, you can check if you qualify initially. This will not impact your credit score.
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

Melbourne Personal Loan FAQs
Want to learn more about our personal loans and how they work? Find out all the answers to our most common questions here.
Jacaranda Finance is a 100% online lender, meaning we offer loans Australia-wide. Whether you're searching for personal loans in Brisbane, Perth, Melbourne, or anywhere in between, you can apply for a fast online loan with us today.
You can apply for varying loan amounts with Jacaranda, depending on your needs:
- With our Express Personal Loan, you can borrow between $3,000 and $25,000.Â
- With our Car Loan, you can borrow between $10,000 and $25,000.
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 loans, visit our rates and fees page.
Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.
If you don't meet our initial criteria, your credit score won't be affected.
Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.
We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.
Other lenders will be able to see that you applied for a loan with Jacaranda.
This might impact your credit score.
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.
You can view your repayments from either the Better Credit app or online portal and contact our friendly customer service team to request any changes that you need.
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
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
Anyone unsatisfied with their loan for any reason can return the principal funds, including any payments made to third parties on your behalf, within a 48-hour cooling-off period and cancel their loan4.
If you purchased a vehicle or other item with your loan, Jacaranda does not require the seller to cancel the sale or release the funds back to you. Returning your purchase to the dealer, to the seller or to Jacaranda Finance doesn't qualify as a loan cancellation. The loan is only cancelled once the funds have been received and have cleared within the Jacaranda Finance bank account.
Simply call our customer service team to cancel your loan and organise the return of any money paid (including to other parties).
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:
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.
You can easily get in touch online or via the Better Credit app. Jacaranda's customer service team is available to chat six days a week, and services are available online 24/7.