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Personal Loan Income Information

Personal Loans up to $15,000

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Applying for a personal loan can be a tough decision. Which loans can I get? Which lender should I choose? How much would I have to repay? Jacaranda Finance offers easy personal loans for everyday Aussies who quickly need to improve their cash flow. We know life can be difficult sometimes, but we’ve got your back. We tell you everything you need to know about personal loans, income requirements and repayments. And we’ll even explain to you how to work out your repayments upfront with a pay calculator. Let’s go!

Am I eligible for a loan?

A personal loan can be a quick and easy way to manage financial pressure but it is sometimes hard to know if you fulfil the requirements to apply. As responsible lenders, we have a set of criteria that our applicants must meet to be eligible for a loan. 

If you are after fast cash, our personal loans might be a great fit: It is really easy to find out if you are eligible for a personal loan. Simply apply online and you can get a response within 60 minutes (if you apply within AEST business hours). We encourage anyone to apply for our personal loan services. However, successful applicants have to fulfil certain requirements to be considered. You can apply for a personal loan if you: 

  • Are at least 18 years old; 
  • Have Australian citizenship or permanent residency; 
  • Receive a regular income with at least 90 days of history; 
  • Have an active mobile phone number.

That’s it. If you tick all these boxes, don’t be shy and fill in the application form. 

What is the difference between gross and net income?

When thinking about your income, two figures are important: Your gross and your net income. What’s that you ask? 

Your gross income is the money you earn before any additional expenses have been taken from your account. It equals your salary before tax. 

Your net income is your take-home pay, the money you actually keep in your bank after subtracting tax, your health insurance and contributions to a retirement fund. 

Why is that important? If you want to make informed financial decisions, you should know how much money you have left over to spend each month. And it’s not only important for you, but it is to us too! When you apply for a personal loan, among other things, we look at your net income to decide whether the loan is right for you or not. If you don’t want to do the maths yourself, we recommend using a pay calculator to work out your loan repayments. 

How do you calculate your take-home income with a pay calculator?

You will find many options if you simply type “Pay Calculator” into Google. Most pay calculators are free online tools to help you figure out how much money will end up on your account after taking out the additional expenses. Which additional expenses are we talking about?

  • Tax
  • Medicare and other additional health insurance 
  • Retirement Savings (Superannuation) 

Those calculations can be quite tricky but a pay calculator does all the hard work for you. You can find different ones online.

We’ve included a few links in case you are curious: 




Do personal loans require proof of income?

Yes, they do. We need to know that you will be able to repay your loan before we lend you money. Jacaranda Finance, however, is different from other traditional lenders. While we want to know your income, we won’t make you fill out tons of paperwork. Instead, an online banking account with at least 90 days (3 months) of income history is enough. We are 100% online, therefore, you won’t have to copy or fax bank statements, in fact, we don’t even accept them through email. Our security banking service will ensure that your data is safe. We connect to your account with a read-only-access for maximum safety. 

What is needed to qualify for a personal loan?

We at Jacaranda believe that everyone should have access to personal finance. Therefore, we give everyone a fair go and encourage anyone to apply for a personal loan. We know every financial situation is different and sometimes, a bank statement just doesn’t reflect your current situation right. We take that into consideration and assess carefully if our product suits your needs. Additionally, as responsible lenders, we are not going to approve of a loan if we don’t think you can comfortably afford the repayments. If we can’t offer a loan, we might recommend a different lender that would be a better match. 

If you want to find out if you qualify for a personal loan, we just some basic information about you. This includes:

  • Your personal details (including your name, date of birth and address);
  • The login details for your online banking account;
  • Your reason for applying;
  • If you receive Centrelink or other Government benefits, we need your MyGov details;
  • Otherwise, we need details about your current workplace and relevant employment info. 

How Jacaranda can help

In short, we offer easy, same day loans from $1,000 – $10000. It is our mission to provide Australians with quick cash solutions when they really need it. Our application is super-fast because we’ve developed backend solutions to speed up the process. We won’t waste your time when it matters the most. You will receive your result quickly while we make sure that our loan is a good fit for your personal situation. 

We at Jacaranda Finance think traditional lending models are outdated. While traditional lenders struggle to capture your full financial situation, it’s also hard for you to tell what will be leftover by the end of the month. That’s where we jump in. We are your local lender for small, medium and large personal loans, fast, transparent and 100% online. We believe in equal chances for everyone, therefore, we encourage everyone to apply. 

Transparency is important to us, our products have no hidden fees, no early exit costs. You will know everything up front as it’s clearly stated in your contract that we highly recommend reading before signing. If you want to get an idea up front, we recommend using a pay calculator to understand your take-home income. 

What personal loans does Jacaranda offer?

We don’t do package deals, our loans are individually tailored to your financial needs. Before we approve any loan, we asses if it is suitable for your current financial situation and whether you can comfortably afford the repayments. Our loans differ in terms according to their size. Here’s a list of the types of loans we offer: 

Small Personal Loans

Jacaranda small personal loans range from $1,000 to $2,000. They can be repaid over a period of 12 months and are unsecured. That means no security needs to be attached to them. 

Medium Personal Loans 

Our medium personal loans range between $2,001 and $4,600. They are secured loans, which means security must be attached to them. Accepted items of security could be a car, caravan, motorbike, or boat. Medium personal loans can be repaid over a period of 13 to 36 months. 

Large Personal Loans 

If you’ve got a big project coming up, this loan is for you. A large personal loan ranges from $5,000 to $15,000 and can be repaid over a period of 13 to 36 months. Like our medium personal loans, it is necessary to provide security against our large loans.

Loan type Loan amount Loan term
Unsecured $1,000 to $2,000 12 months
Secured $2,000 to $4,600 13 to 36 months
Secured $5,000 to $15,000 13 to 36 months

How to apply for a personal loan?

Our application process is fast, convenient and easy-to-use. Most people submit their application within a few minutes. The form is 100% online, so we won’t require any hard copy of anything, meaning you can complete it from the comfort of your own living room. 

Step one: Fill in the online application form. 

It’s quick, it’s easy, it’s online. Our application form is simply structured and asks for the required information to assess if you’re eligible for a personal loan. Once submitted, we will let you know if we need any additional information. Of course, you can apply 24/7, but getting a response might take until the next business day if you apply outside of business hours. 

Step two: We assess your application. 

Once we’ve received your application, you can sit back and relax and leave the rest to us. 

We’ve got an expert team of experienced lenders on hand that will assess your current financial situation and get in touch if needed. It is important for us to make sure the product is suitable for your needs. But it’s equally important that you can afford the repayments. We are responsible lenders and won’t lend you money you won’t be able to repay. 

Step three: Sign your contract. 

Once your loan is approved, we’ll send over your contract for you to sign. We recommend thoroughly reading over the terms to make yourself aware of any fees or charges for late or missed payments. Once you’re happy with everything, sign the contract and send it back to us.  

Step 4: Get your cash

Once we’ve received your contract, a member in our team will send you your cash. This can take as little as 60 seconds*. 

Can I get a loan without a job?

Yes, you can. We know you have enough on your plate while looking for a job, being unemployed shouldn’t exclude you from fair access to financial help. Therefore, we can offer loans to people on Centrelink and government benefits. Our loans are assessed based on affordability and suitability. If you want to know more, check out if you qualify for an unemployed loan. 

Can I get a loan if I’m self-employed?

You definitely can. Being self-employed can make it tricky to prove a consistent income. As for anyone else, we will assess if a loan is a suitable option for you and if you will be capable to repay it. All you need is 90 days (3 months) of proven income on your online banking account. 

How do I calculate my loan repayments?

If you want to know how much you will have to repay, you can use the slider at the top of the site to get an idea. Additionally, you can use a pay calculator to work out how much income is left on your account after your expenses. Any fees and costs for our personal loans are stated on our website

You won’t have to worry about sending money to us. Repayments are directly debited in line with your income, directly from your bank account. The amount you have to repay depends on the amount you are borrowing and will be stated in your pay-out Figure. 

How to contact someone from Jacaranda Finance?

If you struggle with the application process or have any further questions, please get in touch. Drop us a message or call one of our specialists during our business hours using 1300 189 823. 

Our business hours are: 

Monday to Thursday: 8 am – 6 pm

Friday: 8 am – 4 pm

Saturday: 8 am-12 pm

Ready to apply?

Then don’t wait any longer! You can apply online at any time of the day, 24 hours, 7 days a week. With Jacaranda Finance, you will have a pleasant experience, every single time. Our offers are completely transparent, no additional fees or hidden costs will be added at any time.

Calculate personal loan repayments with a personal loan calculator.

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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.