Are You Looking For A Personal Loan Comparison? Jacaranda Could Be The Lender You’ve Been Searching For!
Doing a personal loans comparison on different loan products can often feel confusing. Luckily, lenders must provide a comparison rate, which helps borrowers get an idea of the true cost of their loan. At Jacaranda, we provide super easy loans!
What Is A Personal Loan Comparison Rate?
A comparison rate is a tool to help borrowers work out the true cost of a loan. It reduces the interest rate plus most fees and charges of a loan down to a single percentage figure. The comparison rate helps borrowers compare personal loans from different lenders.
So, if you are comparing personal loans from different lenders, pay attention to the relevant comparison rates. Jacaranda, for example, has a great comparison rate on its loans. You can head over to the costs page to find out more. Keep in mind, however, that comparison rates are only true for the examples are given, and may not include all fees and charges.
Jacaranda Personal Loans Comparison
Have you been searching the web for a personal loan comparison tool? It can be smart and effective to compare loans. However, online lenders can be known for significantly underdelivering on their promises.
Jacaranda, on the other hand, is a trusted name in lending. We only promise the things we can actually deliver. We believe in transparency – first and foremost we want to gain our applicant’s trust. So, don’t waste time trying to compare lenders. Instead, why not go with the lender you can trust?
Wondering what a personal loan comparison really is? It’s pretty simple. A personal loan comparison rate makes it easy for borrowers to compare the true cost of different loan products. After all, a personal loan has more costs associated with it than just the interest rate.
So, while a low interest rate may be an attractive feature for lenders to promote, there are other fees and charges that will affect the true cost of your loan. Therefore, a comparison rate is a better tool for comparing loans than just the interest rate.
Who Are We?
Jacaranda has provided loans for thousands of Australians, all over the country. Whatever your story, we never judge a book by its cover. At Jacaranda, our team digs a little deeper. We look at, after all, the whole picture before promising you any type of loan product. Our team, additionally, complies with responsible lending practices, and will never approve a loan we feel a customer will be unable to repay.
Wondering what responsible lending means? Put simply, it is a set of practices to prevent lenders from taking advantage of borrowers. At Jacaranda, we uphold this to the highest regard. Therefore, our team understands the importance of assessing the entire situation before making a decision.
Are you concerned your bad credit will prevent you from being approved for a loan? Well, it doesn’t have to! At Jacaranda, we think all Aussies deserve a fair go. Therefore, we won’t make a judgement solely based on your credit score. After all, our team knows that things can change in 7 years. Why should a mistake you made back then affect your ability to get a loan now? We will take into consideration how you are actually going to pay back the loan – after all, that is the most important part of all!
Unsecured Personal Loan Comparison
Wondering what an unsecured loan is? Well, let us make it very simple. When you take out an unsecured loan you do not have to attach any collateral as security. So, if you don’t have a car, motorbike, caravan or boat you are in luck.
Comparing the rate on a personal loan is always a good idea, however, it is important to go in with your eyes wide open. We suggest exercising caution when searching for a loan online. So, if you’ve been googling ‘unsecured personal loan comparison’ you could skip the hassle and apply with Jacaranda today. We can assure you a fair rate on an unsecured personal loan.
Secured Personal Loan Comparison
A secured loan, unlike an unsecured loan, requires collateral be attached to the loan application. At Jacaranda, we accept collateral in the form of a car, motorbike, caravan or boat. Collateral is usually only required for larger loan amounts as this is a bigger risk for the lender.
It can be tricky to navigate the world of secured personal loans and you may have found yourself googling ‘secured personal loan comparisons’. Jacaranda could be the answer if you’re feeling overwhelmed by choice.
We can guarantee a fair and reasonable rate on a secured personal loan. Our team is focussed on both customer service, and pairing you with the right loan. So, why not just scroll up and see what we could do for you.
Who Is Eligible?
If you’ve been googling ‘personal loan comparison rate’ or ‘personal loan comparison calculator’ then you’re probably wondering who could be eligible for a personal loan with Jacaranda. We like to keep the application and eligibility criteria as simple as we can. There are, however, basic eligibility criteria you will need to meet before applying:
- You will need to provide us with 100-points of identification;
- All applicants must be over the age of 18;
- You must have received some type of regular income for the last 90-days into a bank account that is your own;
- All applicants must have an active mobile phone number and email address;
- You must have internet banking set up and ready to be used.
Our application criteria are pretty simple, however, if you do have any questions we encourage you to get in touch or head over to our FAQ page. The good news is the application itself is free. So, if you’re unsure whether or not you could be eligible just go ahead and apply. If you apply during regular AEST business hours you could hear back from us within 60-minutes.
Can I Get A Personal Loan With Bad Credit?
At Jacaranda, we are able to provide people with personal loans if their credit is less than perfect. After all, we believe that all Aussies deserve a fair go when it comes to a personal loan. Why should a credit score from 7 years ago have an effect on your ability to get a loan today?
Jacaranda understands that circumstances change and so do people. That’s why we look at the whole picture, not just the number. Additionally, we are required to check your credit score, as part of responsible lending practices. However, we will promise to investigate how you are actually going to pay off the loan as one of our top priorities. So, apply with Jacaranda, today!
Our 100% online application form could only take you a matter of minutes to complete. If you’ve got these things by your side, however, it could even be quicker:
- Personal details like your online banking & employment info;
- An active email address and mobile number;
- The reason you are applying for the loan;
- Your MyGove details (if you are receiving Centrelink payments);
- Employer contact details.
Why Do We Need Your Online Banking Details?
We get this question a lot, and for good reason. However, there is no need to worry – we don’t actually access your real bank account. See, our lending team looks at read-only copies of your bank statements, and we do this to get a better idea of your current relationship with money.
Our focus is mainly on income, regular transactions in and out of your account and spending patterns. Additionally, we use the latest in safe banking technology to ensure your information is always encrypted. Put simply, that means no one will ever be able to see your personal information or passwords.
Will Jacaranda Conduct An Employment Check?
As a part of our commitment to responsible lending, we do conduct employment checks. We, therefore, contact your workplace as a way of verifying your income and employment status.
An employment check is a routine follow up. If you’re worried about Jacaranda contacting your employer there is no reason to be. Our team is extremely experienced in conducting employment checks. Additionally, we will never disclose any of your personal or private information to your employer. You can rest easy in the knowledge that we will never discuss why you are applying for a loan either.
We Work For You!
If you’ve been googling ‘personal loan interest rates comparison’ with no luck then turn to the experts. We’ll save you the hassle. After all, we’ve already helped thousands of Aussies find the finance they’re looking for. Here are some examples of the loans we’ve managed to provide:
|Quick Cash Loans Online||Amount||Approved|
|Speedy Loans Online||AUD ($)700||✔|
|Quick Cash Online For Bad Credit||AUD ($)2,200||✔|
|Cash Loans For Bad Credit||AUD ($)4,000||✔|
Disclaimer: The above examples are for demonstrative purposes only. They do not, in any way, reflect the terms of your possible loan, or the amount you may be approved for.
How Do I Apply?
Wondering how you could apply today for a personal loan? If you’re searching the web, comparing personal loan interest rates comparison rates, skip the fuss and turn to Jacaranda. We are the trusted name in lending. And, the best part is our application process is 100% online! Here’s how you could apply now:
Step 1: Scroll up and use the loan calculator at the top of the page to enter a loan amount and repayment period of your choice. Next, when you’re happy simply hit ‘apply now’! Customers will now be directed to our 100% online application form.
Step 2: Our online application form could only take you a few minutes to complete. Next, our assessment team will begin the assessment process. Additionally, if you apply during regular AEST business hours you could even have an answer from us within 60 minutes.
Step 3: If your loan application is successful we will send over an agreement for you to review and sign. Our Jacaranda lending team suggests you read the agreement carefully and make yourself aware of any fees or charges you could incur for late payment. Finally, if you have any questions regarding the agreement you can always get in touch.
Step 4: Once we have received the signed copy of your agreement our lending team will transfer the money straight into your account. Keep in mind, however, that access to funds will be dependent on inter-bank transfer times.
Got Burning Questions?
If you’ve got questions, our team has the answers. Head over to our FAQ page or get in touch today! That’s what we are here for!
Small Personal Loan
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
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.
Medium Personal Loan
Annual Percentage Rate (APR) starts at 20.56%
Comparison Rate is 20.56% per annum.
This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 20.56%.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
Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $555.83 (reducing interest*) = $3955.83 total repayable over 18 months with weekly installments of $50.71.
Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $1081.85 (reducing interest*) = $5981.85 total repayable over 24 months with weekly installments of $57.51
Large Personal Loan
Annual Percentage Rate (APR) is 12%
Comparison rate is 19.88% per annum.
Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $1831.16 (Interest) = $6831.16 total repayable over 18 months with weekly installments of $87.57.
Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5041.72 (Interest) = $15041.72 total repayable over 24 months with weekly installments of $144.63.