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Best Personal Loans in Australia
Need a simple and fast personal loan today?
Are you looking for the best personal loans in Australia? Struggling to find a reliable lender? Whether it’s unforseen car repairs or medical bills, sometimes life hits you with the unexpected and you just need a little extra cash to get you by. This is where Jacaranda Finance can lend you a hand.
Jacaranda Finance is a lender Aussies can turn to when it comes to reliable and fast personal loans. We offer personal loans from $300 up to $10,000 for a variety of reasons. We also don’t do paper forms or long-winded questionnaires. Instead, our team likes to keep things as simple as possible. Our application process is 100% online and you could receive an outcome within 60 minutes.* Once approved, you can have the cash in your bank account in just 60 seconds.**
Read on to find out if you’re eligible for a personal loan at Jacaranda Finance and how to apply.
Personal Loans FAQ
What is a personal loan?
In a nutshell, a personal loan lets you borrow a set amount of money from a financial institution. You repay the borrowed money with interest over an agreed fixed term. Often, a personal loan can be a cheaper option to get money than credit cards.
Whether it’s to repair a car or washing machine, or to pay off a bill, there are many reasons why someone might choose to take out a personal loan. This is where Jacaranda comes in! We have some of the best personal loans in Australia thanks to our quick and convenient online application.
Where can I get the best personal loans?
There are a variety of traditional and online lenders that could provide a personal loan fit for your needs. To find the best personal loan for your situation, you should consider:
- How much money you wish to borrow;
- What you need the money for;
- What features you’d like your loan to include (e.g. no early exit fees); and,
- How quickly you need the money.
At Jacaranda, we do our best to offer some of the best personal loans in Australia. The world of personal loans can be challenging to navigate. It’s difficult to know who you can and can’t trust. Fortunately, we value transparency and we follow responsible lending guidelines closely. That means we’ll always be upfront about the fees and charges associated with our loan products.
What is the best personal loan to get?
There’s no one-size-fits-all answer when it comes to the best personal loan in Australia. What’s ‘best’ for you will depend on your financial circumstances, how much you wish to borrow and how quickly you need it. First, you want to make sure you can afford the amount you’re applying for. It’s important that you’ll be able to make the repayments otherwise it could affect your credit score and ability to borrow money in the future.
Getting the best personal loan also depends on the type of loan you want — do you want a secured or unsecured loan? You need to know how much you want to borrow and for how long.
What is the difference between a secured and unsecured loan?
When it comes to loans, there are generally two types you can opt for: secured or unsecured.
A secured personal loan requires you to provide an asset or ‘collateral’ to secure the loan agreement. Cars, motorbikes and boats are common examples of what people use to secure their loan. Secured loans are generally the best long term personal loans as they enable you to borrow more for longer periods of time.
An unsecured personal loan does not require an asset to be used as collateral for your loan. Since they are higher risk, lenders tend to offer them for smaller borrowing amounts. If you only need a small loan to cover some short-term expenses, then an unsecured personal loan may be a better choice.
Can I get a personal loan with bad credit?
Yes, of course! While some lenders may hesitate to approve a personal loan if you have a bad credit score, at Jacaranda we do things differently. While we’ll always conduct a credit check, we’ll also look deeper than that. Our team prefers to take a look at your employment status, pre-existing financial commitments and income to get a better idea of your financial circumstances.
Ultimately, if you’re looking for quick personal loans for bad credit, Jacaranda Finance could be the lender for the job.
What could I use my personal loan for?
There are a number of reasons why you might need to apply for a personal loan and it isn’t always necessarily for an emergency.
Whether your car has broken down or you need to cover your dentist bill, here are some of the common reasons you might be looking for the personal loans in Australia:
Do you conduct employment checks?
Yes, we do sometimes conduct employment checks on applications. But don’t stress — we will never disclose sensitive information to your employer including the reason why you’re applying for a personal loan. Rest assured, our employment checks are always carried out by an experienced member of our lending team.
The amount you can borrow with a personal loan comes down to the type of loan you want to apply for. Here at Jacaranda, we offer three different types of personal loans — small loans, medium loans, and large loans. Each type of personal loan varies in the amount you can borrow, the repayment period, and secured options.
Here’s a quick breakdown of each type of loan that Jacaranda offers:
|Loan Type||Secured Options||Loan Amount||Loan Term|
|Small Loan||Unsecured||$300 to $2,000||12 months|
|Medium Loan||Secured||$2,100 to $4,600||13 to 24 months|
|Large Loan||Secured||$5,000 to $10,000||13 to 24 months|
Who is eligible to apply?
Before you get started on your personal loan application, you’ll need to check that you meet the criteria. You’re eligible to apply for a personal loan at Jacaranda if:
- You are 18 years or older;
- You are an Australian citizen or permanent resident;
- You are receiving a regular income into a personal bank account (for at least the last 90 days);
- You have an active mobile number and email address;
- You have internet banking set up.
What do I need to apply?
We like to keep things as simple as possible when it comes to our application process. Here’s all the information we require from you to apply for a personal loan at Jacaranda:
- Your personal details including internet banking and employment information;
- Your MyGov details (if you are receiving Centrelink benefits);
- The reason you are applying for a personal loan;
- An active email address and mobile phone number.
How to apply
If you’re after some of the best personal loans in Australia, it couldn’t be any easier at Jacaranda Finance. We’ve created an easy-to-use, quick and 100% online application form for personal loans. Apply now and within just 60 minutes, we could have an answer for you!*
To apply for a personal loan at Jacaranda Finance, follow the simple steps below:
Step 1: Apply online
To get started, simply scroll up to the top of our page for our 100% online application form. Use the loan slider to choose the amount you want to borrow and the repayment period. Then click ‘Apply now!
Step 2: We’ll assess your application
After you submit your form, our team gets to work on assessing your application. We work hard to have an outcome for you within 60-minutes*. Make sure to keep an eye on your phone or email in case we require any more documentation from you.
Step 3: Sign your contract
If you’ve been approved, congrats! We’ll then send you through a digital contract. Before signing the contract, make sure you have a read over it and look at the terms and conditions of your agreement. If you have any questions about your contract, please get in touch with our team — we’re more than happy to help.
Step 4: Get your money
Once the Jacaranda team receives your signed contract, we transfer the funds straight to your bank account. If you have a NPP-enabled bank account, you’ll receive the cash within 60 seconds**!
Why choose Jacaranda?
When it comes to the best personal loans for fast outcomes, Jacaranda can deliver. The Jacaranda team is here to make the loan application process as simple and stress-free as possible. We understand that when you need cash, there is no time to waste.
Our online application form can take you just under 10 minutes to complete. If you submit your application during AEST business hours our team will do their best to get back to you with an outcome in just 60 minutes*. If you’re approved for a personal loan we will send over a contract for you to review and sign. As soon as we get the contract back we will transfer the funds straight into your account. Thanks to instant banking, the cash could be in your account and ready to use in just 60 seconds**.
Scroll up now to get started on your application!
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