Discover Jacaranda Finance

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$300 $10000
$2000
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Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on our loans between $300 and $2000 is 199.43%. WARNING: This comparison rate is true 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. Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true 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. Click here to see a worked example.

The Interest Rate for Secured Large Amount Loans is 21.24%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true 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. Click here to see a worked example.

Money lenders and quick cash loans - the all-you-need-to-know guide.

Which Money Lenders Are Right For You?

Making the decision to borrow money is a big one! It’s often one that shouldn’t be taken lightly since it can be a significant financial commitment. The first part of the decision-making process, and perhaps the biggest decision to be made, is choosing who to borrow from. There are many money lenders out there, so choosing which one to go with can be a difficult decision to make. If you need to borrow a short-term money loan, we’re here to help you decide who to borrow from so you can choose a lender with confidence.

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What are money lenders?

‘Money lenders’ is a term that refers to groups or individuals who lend money to a borrower like you. They often come in the form of a financial institution such as a bank or other specialist lender. The money is then repaid by the borrower at an agreed upon interest rate for a predetermined period. With Jacaranda Finance, you can borrow up to $10,000 and repay it over 12 to 24 months.

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Where can you find money lenders in Australia?

Traditionally the only place you used to be able to find a money lender was at a bank. That meant you had to physically turn up to the bank and file an application to borrow money. These days, you can find money lenders online and get quick easy loans online.

For instance, Jacaranda Finance is a money lender that is completely online. Although, we still have an office and a team of loan experts who you can contact in case you need any help with your cash loan application. However, the whole loan application process happens entirely online.

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What to look for when choosing money lenders

There are so many different types of lenders out there. Therefore, it can be hard to decide which one to go with. Money lenders offer different services which may or may not be suitable for your situation. Therefore it’s a good idea to take a look at what your lender offers to help you decide who you want to borrow from. Here is a checklist of things you might want to consider when choosing a lender:

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What are some things to watch out for when choosing a lender?

While there are many reliable and trustworthy lenders out there, you may, unfortunately, come across some untrustworthy lenders who do not have your best interest at heart. Here is a list of things to be aware of (and perhaps signs to steer clear) when deciding who to borrow from.

If you are offered an amount that is more than you need – lenders who don’t have your best interest at heart won’t take the necessary precautions of doing a thorough check of your financial situation to ensure you can afford the loan. If they offer you more than you know you can afford, this a lender to steer clear from.

They aren’t upfront about their fees and charges – if the lender is vague in any way about their fees or loan terms, this is a warning signal. It may mean they are hiding something, which could result in you being sprung with surprising costs throughout the duration of your loan contract.

They email you from an illegitimate email address – if you are contacted from an address that is illegitimate, this is a sign of a dodgy lender or potential scam. If they email you from a generic email address such as Gmail or Hotmail, rather than a legitimate business email, this is a warning sign to steer clear from this lender. You’ll want to also check that they have an ABN and Australian Credit License number.

You are asked to pay upfront fees before you receive the loan – this is another warning sign! Any lenders asking for payment before you receive your loan is a sign of a lender who is potentially trying to steal money from you.

Check they are registered on the ASIC professional register – if you are concerned about the legitimacy of a lender, you can always look them up on ASIC’s professional register.

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Why should I choose Jacaranda Finance over other money lenders?

When choosing which money lenders to borrow from, the above list is a good place to start. Though when it comes to Jacaranda, our customers choose to borrow from us for several reasons. Here’s a list of why we are one of the top private money lenders online:

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What sort of money lender is Jacaranda Finance?

Jacaranda Finance is an example of a private money lender that offers both secured and unsecured personal loans. We are one of the small numbers of money lenders that offer loans online. That means that everything from our application and approval process, to the repayment system, is done 100% electronically. That being said, we have a physical office and you can still contact our team of helpful loan experts throughout the duration of your loan term.

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How much can you borrow with Jacaranda Finance?

Borrowing money from Jacaranda Finance can happen in three different ways. You can apply for small personal loans from $300 to $2,000 which can be repaid over 12 months. You can apply for medium secured personal loans from $2,100 to $4,600 which can be repaid over 13 – 24 months. Or you can apply for large secured personal loans from $5,000 to $10,000 that are also repaid over 13 – 24 months.

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What do Jacaranda personal loans cost?

The costs vary slightly between the three different loan types. The costs of small personal loans include an establishment fee of 20% as well as additional fees of 4% per month. With medium secured personal loans there is an establishment fee of $400 plus annual fees of 48%. Then, with our large amount credit contracts, there is an Annual Percentage Rate of 21.24%.

There are also additional penalty fees of $35 per missed payment – so make sure you always have cash in your account when your direct debits come off.

To give you a more accurate idea of what our loans cost, check out our loan calculator. In addition, if you would like to learn more about the fees and charges for these types of loans visit the Moneysmart website.

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What are the eligibility requirements to apply for Jacaranda loans?

To be eligible to get a loan with Jacaranda, you must meet the following requirements:

TO
QUALIFY
FOR ONE OF OUR PERSONAL LOANS, YOU MUST:

age-18
Be over 18 years of age

coins
Receive a regular income into a personal bank account

aus
Be an Australian citizen, or have permanent residency

mobile wifi
Have a valid mobile number and email address

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How do you apply for Jacaranda personal loans?

To get Jacaranda personal loans, you simply need to fill out our easy application form. It could only take you a few minutes to complete! Once you’ve applied, just sit back and relax and we’ll get back to you with an outcome on your application as soon as we can.

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What do I need in order to apply for a loan with money lenders?

Along with meeting the eligibility requirements for a loan, you’ll also need to ensure you have the following things handy to successfully complete your application:

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How do I repay my loan?

After you’ve applied for your loan and your repayments have been set up, the next part of the process is repaying your loan. The way we set up payments is via direct debit. That means that your payments come out of your account automatically, without you having to worry about making your repayments on time. If, however, you know that you will not be able to make a payment for whatever reason, just give us a call as soon as possible so that we come to an arrangement that works for both parties. As long as we have at least 24 hours notice, we may be able to come to an alternative arrangement.

Now that you know a bit more about money lenders, you should feel more confident about making the decision to borrow money. Money lenders come in all shapes and sizes, so it’s a good idea to do some research and figure out which one suits your needs best.

If you know you would like the flexibility of being able to repay your loan early, have transparent fees and a simple application process, Jacaranda might be the perfect money lender for you. So, are you ready to get a loan?

Example of how our small personal loans work

Loan amount

$300 minimum
$2,000 maximum

Costs

Up to 20% Establishment Fee + monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest.

The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

WARNING: This comparison rate is true 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

Terms

12
months

Example:

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

Example of how our medium secured personal loans work

Loan amount

$2,100 minimum
$4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 67.41% P.A.

This comparison rate is based on a Jacaranda Secured Medium Loan for an amount of $2500 over 2 years and a $400 establishment fee. Fees and charges are payable.

WARNING: This comparison rate is true 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

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.

For more information about the allowable fees and charges for SACCs & MACCs visit the MoneySmart website.

Example of how our large personal loans work

Loan amount

$5,000 minimum
$10,000 maximum

Costs

ANNUAL PERCENTAGE RATE (APR) IS 21.24% Comparison Rate is 48% P.A.

WARNING: This comparison rate is true 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

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

What our clients say

Which Money Lenders Are Right For You? Overall rating: 4.7 out of 5 based on 148 reviews.

Great easy application

★★★★★
5 5 1
Very fast easy to apply thank you so much