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Online Loans

Personal Loans up to $10,000

Money in your bank account and ready to use in 60 seconds once approved*(1)

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Apply in less than 8 minutes

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Apply in less than 8 minutes

Fast and easy online loans

The internet has revolutionised the way we live. Whether it’s shopping for clothes, studying a new course, or watching movies, we can do just about anything on the web. As a result, online loans have grown in popularity over the years.  Life is filled with unexpected expenses like bills, transport costs and medical emergencies. So, when you’re low on funds and you’re hit with an unexpected expense, an online loan from Jacaranda Finance can help.   

All you need to apply is an internet connection, a smartphone or computer and a few spare minutes. It could take you under 10 minutes to submit an application, and our team will endeavour to get back to you with an outcome in just 60 minutes*.

What are online loans? 

Online loans are personal loans that are applied for and processed 100% online. Trying to get a loan through a traditional lender can be a long-winded process. Fast cash loans online take away the long waiting times and paperwork and allow you to apply from the comfort of your own home. 

Online loans are a type of personal loan that you can apply for online and have your outcome delivered in a few hours. These loans typically range from $300 to $10,000 with repayment periods extending from 12 to 24 months. An online personal loan is the closest thing to an instant loan that can be accessed legally in Australia. You could have an outcome on your loan application in just 60 minutes*. 

Not sure what you could use an online loan for? Here are some of the most common reasons people have taken out fast loans online with us.

  • Taking a mini break
  • To buy a new or used car
  • Tidy up some of those bills
  • Update your home decor
  • Upgrade your bathroom or kitchen
  • Emergency medical bills

Jacaranda’s online loans

Jacaranda offers 3 types of fast loans online: small loans, medium loans and large loans. These loans are further broken down in the table below:

Loan Amount: $300 to $10,000
Loan Term: 12 months to 24 months
Repayment Frequency: Weekly, Fortnightly or Monthly
Repayment Facility: Direct Debit
Secured Options: Secured and Unsecured

What about bad credit loans online? 

At Jacaranda, we believe having a bad credit score shouldn’t mean you have to endure financial stress. Unlike traditional lenders like banks, Jacaranda can be more lenient when it comes to your credit score. If you have bad credit, you could still be approved for an online loan with Jacaranda.

We are legally required to conduct a credit check but it’s not the only thing we look at. We will put more focus on other factors like your income and spending. We use third-party encryption to access read-only copies of your bank statements to get a better idea of your current financial situation. If your relationship with money has improved, even with bad credit, we may be able to help you with bad credit loans online

How to apply

To apply for a loan online, follow the five simple steps below to help you navigate your application process. 

Step 1: Submit your online application

Step 2: Your application is assessed

Step 3: Receive your outcome

Step 4: If approved, sign your contract

Step 5: Get your cash

What you need to apply

Our quick online loan application process is super quick and easy! That means no unnecessary documents and paper forms. You just need to fill out a few important personal and financial details, such as:

  • 100 points of ID (name, D.O.B, etc.)
  • Contact information
  • The reason for your loan
  • Internet banking details
  • Your MyGov account details (if you receive Centrelink benefits)
  • Employment details and employer contact information

Eligibility requirements

We have a list of eligibility criteria that you’ll need to meet before you apply. To be eligible you must:

  • Be at least 18 years old
  • Be an Australian Citizen or Permanent Resident
  • Have received a regular income for at least 90 days prior to applying
  • Have an active Australian mobile number and email address
  • Have internet banking set up

Responsible Lending

Here at Jacaranda Finance, we take responsible lending very seriously. We strictly follow the responsible lending obligations set by ASIC. These guidelines are in place to protect both borrowers and lenders. Jacaranda Finance will never lend to anyone who cannot afford the loan repayments. It is for this reason we conduct a thorough assessment of an applicants finances. 


Can I get a loan online? 

Yes, Jacaranda Finance offers online personal loans from $300 to $10,000. You’ll just need a computer or smart device and an internet connection to apply. 

Is an online loan a payday loan? 

An online loan is the closest thing to a payday loan that can be legally found in Australia. ‘Payday loans’ have been illegal in Australia since 2013, as the industry became highly regulated. 

How much can I borrow? 

You can borrow from $300 to $10,000 with Jacaranda. The amount you borrow as well as a few other factors will determine how much your interest and fees may be. For more information, refer to our personal loans interest rates page.

Do you conduct credit checks? 

We are required by law to conduct credit checks on all eligible applicants. However, we provide bad credit personal loans so a bad credit score will not necessarily stop you from accessing a personal loan. 

Are your loans secured or unsecured? 

This will depend on how much you borrow. If you borrow between $300 and $2,000, you won’t be required to provide security. Our medium to large loans ranging from $2,100 to $10,000 are secured. This means you will need to provide an asset or collateral to secure your loan. 

Can I get an online loan on Centrelink?

We consider most Centrelink income as regular income. As long as you have been receiving your Centrelink benefits for at least the last 90 days, we may be able to approve you for one of our online loans fast. 

What are the fees on your online loans?

This will completely depend on how much you are looking to borrow and your current financial situation. If you have more questions, refer to our personal loan interest rates page or use our loan slider. 

How do I make repayments? 

We will set up a direct debit in line with your pay cycle (whether this is weekly, fortnightly or monthly). Your repayments will automatically come out of your account on this selected day. When your loan has been paid off in full, the repayments will stop.

What if I miss a repayment? 

If you miss a repayment, you will be charged additional fees on your loan. If you are aware that you may miss a repayment, please contact us at least 24 hours before the payment is due so that we can try to find a solution.

Online cash loans – What you should know 

What you should consider before applying for a personal loan

Online personal loans provide consumers with a quick and convenient way to borrow money. However, taking out a personal loan can be a large financial commitment. Once you sign your contract, you are legally bound to all of the terms and conditions of that lender. Firstly, it’s important to consider the overall cost of a loan. Although each lender operates a little differently, they will have some sort of rates and fees, otherwise known as a comparison rate. Using a personal loan calculator can help you estimate if the loan you’re applying for is affordable and is manageable for you. 

Additionally, it’s critical that you check to see if you meet the eligibility requirements for your chosen lender. You will not be approved for a loan if you don’t meet all the basic requirements to qualify. Submitting multiple loan applications can be damaging to your credit score. Every time you apply for a loan, your lender will check your credit score, thus creating a credit enquiry on your credit report. So, it’s important to do your research and only apply with lenders that (1) you meet the eligibility requirements for and (2) are more likely to approve you. 

What are the most common fees associated with personal loans?

Fees and charges associated with your loan will differ between lenders. We’ve provided a list of the fees that are commonly charged by lenders:

  • Establishment fee
  • Servicing fee/monthly fee 
  • Early exit/settlement fee
  • Early repayment
  • Late or missed repayment fee 
  • Withdrawal fees

Jacaranda Finance does not charge early exit or early repayment fees, however, a lot of lenders do. Ensure you read your contract thoroughly to find out exactly what fees are associated with your loan.

Alternative options to online loans

There are a few options you could consider when looking to borrow money. 

Credit card

A credit card allows you to spend money up to a certain amount to be repaid at a later date with interest. You can either pay off your whole amount (usually monthly) or the minimum repayment. Credit cards can be a more flexible option than a personal loan as there are no fixed repayment dates. You can spend as much as you need (up to your limit) rather than taking out a lump sum. 

Bank loan

A personal loan from a bank is also an alternative option to online loans. Banks usually have much stricter lending requirements that can often result in longer processing and approval times. However, banks are trusted loan providers, so they’re usually quite a safe and reliable option.  

No Interest Loan Scheme (NILS)

No interest loans (NILS) provides individuals and families on low incomes or in financial hardship with up to $1,500. Loans are available for the purchase of essential goods and services such as fridges, washing machines, car repairs, and medical procedures. People who receive no interest loans will only be required to pay back the amount they borrowed. There are no interest rates or fees associated with these types of loans. 

Why you should consider improving your credit report

Improving your credit is an important task you should prioritise before you apply for any type of credit. If you have bad credit, there are stil credit options available to you but these may have different terms to regular personal loans. By improving your credit score, not only will you improve your chances of loan approval but you can negotiate yourself a better interest rate. 

Here are some ways you can start improving your credit score:

  • If you have multiple debts or loans, consider applying for a consolidation loan to repay all of your debts. Consolidating your debts can help you better track and manage your repayments
  • Check your credit report for any mistakes or inaccuracies. If you find any incorrect information on your credit file, it’s important to get in touch with the credit bureau to rectify this. 
  • Ensure that you pay your bills on time and manage any credit card expenses
  • Don’t apply for loans you don’t need – if you apply for multiple loans in a short period, this will negatively impact your credit score 

*If you apply within our business hours.

**If you have an NPP-enabled bank account.

Reviews don’t lie 🌟

Reviews current as of June, 2021.

Our low rates

Our low rates

💰 Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

🚗 Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.