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Home > Don’t Let Bad Credit Get You Down! Cash Loan Bad Credit With Jacaranda

Don’t Let Bad Credit Get You Down! Cash Loan Bad Credit With Jacaranda

Don’t Let Bad Credit Get You Down! Cash Loan Bad Credit With Jacaranda

Easily accessible cash loans bad credit

Bad credit can feel like the end of the world for some. Many traditional lenders will harp on and on about all the benefits of a squeaky clean credit score and paint the picture that if you don’t have a perfect credit score, you’re somehow less than human. It’s a pretty dire picture they paint for many of us. So, when it comes to needing a bit of financial help, we’ve already mentally relegated ourselves to the bottom of the deserving pile. Next thing you’re skipping past your preferred lender because you automatically assume you don’t qualify due to your credit history. You assume you can’t get that helping hand that you need from a reliable lender. But here’s the thing. Did you know that cash loans bad credit are a thing now? And they’re actually pretty darn handy loan products. 

No longer do you have to automatically count yourself out because of a less than perfect credit score. Jacaranda is here to rock the boat. We’re here to change the way people think and help all Australians get the finance that they need and deserve when they need it. Keen to find out how? Get comfy, take a seat and read on to see how Jacaranda is out to change the game.

What are cash loans bad credit loans?

Cash loans bad credit loans are fast personal loans that have been designed for people who may not necessarily have the perfect credit history. They’re loans that have been designed to help you out of that tight spot you’ve found yourself in and see you through to your next payday. The loan applications are assessed and tailored by our team of experts who are able to design your loan terms around you and your personal circumstances. Ranging from smaller loans of $300, up to our larger loans of $10,000, we really do have something for everyone, even if you don’t have perfect credit history.

Can I apply?

If you’re wondering whether you’re eligible to apply for a short term loan or not, we can help you out. We only require a few things from you and don’t expect you to jump through hoops before we allow you to submit an application. Simply tick off each of the following and you’re good to submit an application!

  • You must be at least 18-years of age at the time of application;
  • You must have an active Australian phone number and email address;
  • You must be an Australian citizen or permanent resident;
  • You must have internet banking set up.
  • You must have a regular income for at least the last 3-months being deposited into a personal bank account;

See? If you can meet our basic criteria, then you’re eligible to apply. How easy is that?

What information do I need to provide?

More often than not, applying for finance can be an absolute ordeal, especially if you don’t have squeaky clean credit history. It can feel like you’re jumping through hoops but just getting nowhere. That isn’t how we roll at Jacaranda. When you submit an application for cash loans bad credit, you only need to provide us with some simple initial information.

  • Your personal details – including name, address, DOB, phone number;
  • Your reason for applying for cash loans bad credit;
  • MyGov login details so that we can grab a read-only copy of your Centrelink Income Statement (only applicable for those of you receiving Centrelink benefits);
  • Employment details and contact information (we may need to get in touch if we have to verify your employment status);
  •  Your internet banking details – so that we can secure a read-only copy of your most recent bank statements;
  • And finally, 100 points of ID, proving that you’re an Australian citizen or permanent resident.

If you have this information handy before you apply, then you’ll breeze through the application. We really do like to make things as easy as possible.

What kind of loans does Jacaranda offer?

Jacaranda has a couple of different cash loans bad credit loan options available for you to choose from. Whether you’re looking for unsecured or secured loans, from small amounts to larger amounts, Jacaranda has the product for you. Take a look and see if anything catches your fancy. 

Loan typeLoan amountLoan term
Unsecured$300 to $2,0009 to 12 months
Secured$2,001 to $4,60013 to 24 months
Secured$5,000 to $10,00013 to 24 months

What’s the difference between unsecured and secured loans?

The difference between unsecured cash loans bad credit loans and secured loans is how the loan is ‘secured’. With our medium to larger loans from $2,001 to $10,000, you are required to provide a car, van or motorbike of some kind as ‘security’ or ‘collateral’. This basically means that if anything were to happen to your loan or the repayments weren’t being made for some reason, we would legally be able to use the vehicle provided to pay back the loan you have taken out. It sounds scary but this very rarely happens. Having security is just a safeguard for both you and your lender and is simply a way to guarantee a loan.

For our smaller unsecured cash loans bad credit loans of $300 up to $2,000, we do not require you to provide any security such as a car or vehicle. The lender assumes more risk in this type of loan as they do not have anything to back up the loan, which is why it’s a slightly smaller loan amount. This is a great option for those who need some spare cash, fast, but do not own a car or vehicle to use as security.

As you can see, the difference between secured and unsecured loans is pretty simple. Jacaranda offers both secured and unsecured loans and can cater to so many different loan reasons, so why not apply if one of these has caught your fancy?

How do I apply with Jacaranda?

Applying with Jacaranda couldn’t be easier. We’re not out to make the application process convoluted and difficult because you may have a bad credit history. Rather, we’re here to make the process as easy and as seamless as possible. Applying for cash loans bad credit is simple. Take a look at just how easy, right here.

Step one: 

Scroll up to the top of this page to find our handy loan calculator. Choose how much you’re looking to borrow, for how long and how often you would like to make your repayments. Next click on the ‘Apply Now’ button to get your application off to a smooth and successful start.

Step two

At this point, we’ll grab a few important details from you such as your name, DOB, employment status and your reason for applying for a loan. This part of your application is straight-forward and should only take you a few minutes. We’re simply trying to get to know you a little better. Hit the ‘Submit’ button when you’re finished and we’ll receive your application almost instantly!

Step three

Your part is all done and now it’s all up to our team to get to work and start assessing your application. Our team will conduct a thorough and reliable assessment of your application. They’ll get to work checking that the cash loans bad credit loan product that you applied for is suitable for your needs and that your repayments will be reasonable for your financial situation. Depending on whether or not you applied during business hours, you could have your outcome in as little as 60-minutes*!

If we need any further information from you in regards to your application we’ll be in touch via email, SMS or phone.

Keep in mind that if you applied outside of our business hours (AEST) you may not hear from us straight away. If you did apply outside of our business hours don’t panic too much, we’ll get back to you first thing next business day!

Step four

If your loan application has been successful, congratulations! We’ll then send you a loan contract for you to review and sign. We recommend you read this thoroughly to make yourself aware of any fees or charges for missed payments. Don’t panic if you forget to write this part down as we’ll also email you a copy of your contract for your records. Once you’re happy with your contract e-sign it for us.

Step five

Once we’ve received your signed contract we’ll release your cash straight into your personal bank account. Depending on what bank you’re with, you could have your funds in your account in as little as 60-seconds (for NPP enabled bank accounts)! Otherwise, you should see your cash in your account within the next few hours, or at the very latest, overnight that night.

And that’s it. It really is that easy. We know that applying for finance with some bad credit history can be tough. We aim to make life just that little bit easier with our quick, handy cash loans bad credit options. You’ve already got enough to worry about. Why not utilise our 100% online, paper-free and customer-focused, and let us do all the hard work? We’re here to provide that stress-free personal loan service and we do it well.

So, can I really apply if I have bad credit history?

Yes, you can still apply if you have bad credit! If you hadn’t noticed already, here at Jacaranda, we’re all about inclusivity, not exclusivity. We’re here to find the solutions that other traditional lenders may not be willing to find and put the effort in where it’s needed. If you do have a bad credit history why not consider applying for cash loans bad credit with Jacaranda and see how we can help you out.

Bad credit history doesn’t have to be the end of the world. And we’re going to prove it. We’ll give you that second chance that you deserve and not make a snap decision on only one single aspect of your application. Rather, we’ll have a look at your financial situation as a whole and take a bunch of different things into consideration. We’ll take a look at your employment status, your credit history, your banking habits. This gives us a better overall snapshot and understanding of your relationship with money. We’re all about the full picture.

We believe that everyone deserves a second chance when it comes to past mistakes and credit history. That’s why we’re here to provide that second chance if we can.

Why wait? Apply now!

If it sounds like cash loans bad credit might just be the very thing you need, why not submit an application? Make life a bit easier for yourself and trust the loan experts for that much-needed finance boost. Rather than counting yourself out due to some bad credit history, why not see how Jacaranda can help you out? We’re fast, professional and expert at getting people the finance they need, regardless of whether they have amazing credit history, or not so great credit history.

Got some questions for us? Want to know how we can help you out? No worries! Get in touch with us and we’ll be able to provide all the answers you could possibly be looking for.

*If you apply during AEST business hours

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Last updated: 19/08/2020, 10:00am

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