Home > The Best Loans for Life’s Unexpected Expenses
The Best Loans for Life’s Unexpected Expenses
Been hit by a financial emergency?
You’re not alone! Sometimes, life throws us a curveball and we find ourselves in need of a little cashflow boost. Fortunately, personal loans are some of the best loans out there to cover those nasty surprises. With Jacaranda Finance, you can apply online for loans worth up to $10,000 and get an outcome in as little as 60 minutes.* Best of all, it costs nothing to apply! So, if you’re on the hunt for the best loans online why not give us a go?
What can I use a personal loan for?
You can use a personal loan to cover a wide range of expenses, not just emergencies! At Jacaranda, we approve loans for a variety of purposes. Some examples of what you could our loans for include:
- Bond payments
- Debt consolidation
- Car registration
- Car repairs
- Furniture finance
- White goods
- Holiday expenses
- Home renovations
If you’re looking for car financing, we also offer car loans from $5,000 to $35,000 as separate loan products. Check out our Car Loans page for more details!
What is the best personal loan to get?
To find the best loans online, you need to know what type of personal finance you are looking for. Personal loans can be either secured or unsecured, depending on the loan amount. A secured personal loan requires you to give an asset as security against the loan, usually a vehicle. An unsecured personal loan doesn’t require any security, but often has a lower borrowing limit as a result.
Jacaranda Finance offers unsecured loans from $300 to $2,000. Anything more than that will require you to list a vehicle as security. Here is a quick rundown of the key differences between our three loan products:
|Small Personal Loans||Unsecured||$300 – $2,000||12 months|
|Medium Personal Loans||Secured||$2,100 – $4,600||13 – 24 months|
|Large Personal Loans||Secured||$5,000 – $10,000||13 – 24 months|
How can I find the best loans online?
Finding the best loans online all comes down to research. When comparing loans, it’s always best to consider what features matter to you most. Lenders have varying conditions and requirements, so what works for one person may not work for you.
When you’re considering your personal loan options, you may want to look at:
- Associated costs – what fees are attached to the loan?
- Early exit or repayment fees
- Interest rates
- Eligibility criteria
At Jacaranda, we don’t claim to offer the best loans on the market because we know every situation is different. That said, we can provide flexible repayment options, affordable interest rates and 100% transparency. We’ll never sting you with any unexpected fees or costs. If you’re approved for a loan, we’ll outline everything in your loan agreement. So, you can rest easy knowing there won’t be any nasty surprises.
Can I get a loan with a poor credit score?
You sure can! At Jacaranda we believe everyone deserves a fair go at finance. As a result, we look at more than just your credit score. When we assess our applications, we consider a range of factors like income, spending habits and more. So, while we will still conduct a credit check, it won’t be the deciding factor in your loan outcome.
Can I get a loan without a job?
It depends on the situation. If you’re still receiving an alternative income, like Centrelink payments, we may still be able to offer you a loan. It just comes down to how much you need to borrow and whether we believe you’ll be able to meet repayments. If you’re unsure yourself, we recommend you apply anyway. It’s free to do so and we’ll be able to give you a definite answer on whether we’re the best loans for you.
Who can apply?
To be eligible for a personal loan with us all we ask is that you meet the following criteria:
- Aged 18 or over;
- Australian Citizen or Permanent Resident;
- Received some type of regular income for the last 90 days into a bank account that is your own;
- Have an active mobile phone number and email address ;
- Have internet banking set up.
Will I need to fill out paper forms?
Not with Jacaranda! When we say 100% online we mean 100% online. We do not require you to fill out personal details online when submitting your application. In fact, our application form could only take you a few minutes to complete. If you apply during AEST business hours our team will do their best to get back to you with an outcome in 60 minutes.
To make things easy for our team – and quicker for you – here is what we suggest you have handy during your application:
- Personal details like your online banking & employment info;
- An active email address and mobile number;
- The reason you are applying for the loan;
- Your MyGov details (if you are receiving Centrelink payments);
- Employer and contact details.
Do personal loans hurt credit?
When you apply for any type of credit, it impacts your credit score. If you remain on-time with your repayments though, a personal loan won’t hurt your credit score. In fact, it could actually improve it! The key is to remain consistent. Credit reporting agencies want to see that you’ve maintained a history of on-time repayments. If you have, they’ll rank you higher for creditworthiness. On the flip side of this, any late payments will reduce your score.
Ultimately, having a good credit score can play a big role in your ability to access the best loans online. So, it’s a good idea to know what your number is before you apply for a loan.You can access free annual copies of your credit report from each of the three credit reporting agencies:
Ready to go? Apply now!
We get it, life is full of surprises – and not all of them good. Whether your car has broken down or your plumbing has gone bust, Jacaranda is here to provide the fast outcomes you need in times of crisis. If you apply online during our business hours, we could have an outcome for you in just 60 minutes! Plus, if you’re approved, the funds could be in your account within 60 seconds of accepting your contract.**
Apply for some of the best loans online now!
*subject to when you submit your application
**If you have an NPP-enabled bank account