Home > Cheap Personal Loans From Jacaranda With 12 Month-Term – Apply Now!
Cheap Personal Loans From Jacaranda With 12 Month-Term – Apply Now!
Personal Loans up to $10,000
Money in your bank account and ready to use in 60 seconds once approved*(1)
Cheap Loans Online – Up To $2,000 With Same-Day Approval
People who need funds for a necessary or emergency purchase don’t always have the time to save up for it. They rarely want to pay credit card interest, so a loan from a lender can be an alternative option. However, traditional lenders, like banks and credit unions, do not typically offer cheap personal loans. This can be discouraging, especially because personal loans can come with lower rates in comparison to credit cards. They also involve fixed repayment terms, making it easier for recipients to track how they are travelling.
This article will provide you with a wealth of information about loans, be they cheap unsecured loans, cheap small loans, or cheap cash loans. We’ll delve into the cheap loan options and repayment terms offered by Jacaranda Finance, all 100% online.
What are small loans?
The umbrella term for these small loans is SACC or Small Amount Credit Contract loans. A SACC cash loan comes in the form of fast cash, usually as a deposit in a bank account. Data from the Australian Centre for Financial Studies indicate there has been a twenty-fold increase in demand for these small, short term loans in the last decade.
Although no industry-wide data is available, SACC loans were allocated to over one million Australians in 2012, generating contracts with an average value of $900 million. The volume and value of personal loans aren’t the only upward trend we’re seeing. The personal loan market has increased in terms of product variety, and lenders are enjoying an augmented online presence.
Cheap Loans Australia: All About Small Loans
SACC providers operate in the AFS (Alternative Financial Services) market. While alternative finances remain a highly competitive niche within Australia, SACCs focus on offering products with key points of difference. Demand from consumers from all walks of life has increased rapidly as a result.
The most attractive of these products are cheap personal loans. A critical appeal of these loans is they can put less emotional or financial pressure on the borrower compared to other financing options. Professional lenders like Jacaranda Finance provide straightforward repayment terms developed in consideration of the client’s income level. Cheap interest personal loans also minimise the borrower’s need to take on long-term financing options such as credit cards.
Regardless, cheap personal loans, like any financial decision, require due diligence and research. When applying for a personal loan, certain factors can make it costlier or affect your repayment terms. Here’s a brief overview of them and some tips
It’s essential to exercise caution when taking on debt. Ask questions when applying and especially before accepting a loan. This advice is general in nature and does not constitute legal financial advice.
The Best Cheap Loans Might Not Be the First Ones Offered to You
It is advisable to comparison-shop before deciding whether a loan is worth it and be aware that readily available credit sources might not be giving you the best deal. Be sure to check the loan meets all your requirements and that you can afford the weekly repayment terms. If you prefer to make repayments fortnightly or monthly, these options are also available through Jacaranda Finance. If you’re not happy with what a lender is offering, look elsewhere. It’s that simple.
Interest on your loan is important but comparing loans is about more than looking for the lowest rate. There are many benefits to cheap interest personal loans, but you should take into account additional terms such as prepayment or overdue penalties. Researching the lender’s reviews and seeing what other borrowers have to say is also a good indication of whether that lender is right for you.
Even Cheap, Small Loans Require Budgeting!
Anyone who has any amount of debt should budget effectively. Really, everyone should budget, period.
Budgeting skills don’t have to be hard to master. Your income should exceed your expenditures. Make a list of your income and expenses that is as exhaustive as possible and you’ll gain amazing insight into your spending habits. See if there’s something you could do without or if there is a source of income you haven’t tapped. This approach will serve to reduce expenses and give you a better overall picture of your debt to income ratio.
This may seem obvious, but you’d be surprised at the frequency of defaults. Defaulting on loans, even cheap cash loans can be costly. It is common for lenders to impose late-payment penalties when a payment’s dishonoured or skipped, usually in the form of a fee. If this happens frequently, cheap loans may soon become costly.
If you’re unsure how to cope with debt and/or are having trouble repaying it, a credit counselling organisation could prove helpful. Credit Counsellors Australia is one such organisation that offers these services.
Secured vs. Unsecured Loans
There are two types of cheap loans: cheap unsecured loans and cheap secured loans. Jacaranda Finance offers unsecured loans of up to $2,000, meaning you don’t need to own an asset as security. We won’t require you to own a car, truck or other eligible assets to apply. Secured loans, on the other hand, do require ownership of an asset. Our loans over $2,000 are secured.
Regardless of the amount you apply for, if you are approved, a direct debit will be set up in your main income account. The loan repayments will then be deducted from this account automatically, aligned with an agreed-upon schedule. We have found that this removes the need to micromanage the repayments. Once they’re set all you need to do is ensure enough funds are in the account on each debit date.
The application process is easy, and 100% online! Apply online using a simple application form that can take only minutes to complete. We will then assess your application and determine whether one of our loan products is suitable for your individual situation. You could achieve an outcome on your application within 60 minutes if you apply during AEST business hours. If approved, we will transfer the money straight into your bank account. With NPP-enabled financial institutions, you can have your funds within 60 seconds of signing your digital contract.
Cheap Personal Loans from a Reputable Lender
Time isn’t always a luxury you may have when you’re in urgent financial need. There are numerous reasons why you might need cheap cash loans. Insufficient cash can be the main one, but others may exist separately or in addition to this: overdue bills, urgent car repairs to keep your wheels on the road, medical bills, or unavoidable home improvement costs.
Cheap personal loans are one option readily available to settle small outstanding debts. You can skip the bank or local credit union, where the process will likely take longer. Traditional lenders also tend to have stricter criteria in comparison to short term lenders.Jacaranda Finance pride ourselves on a history of professional service and impeccable lending behaviour. We place an emphasis on great customer service, with a fast application process, minimum response times, and fully transparent costs.
Free and Thorough Applications
Apply with Jacaranda Finance now – the application process is free, and approval can take as little as 60 minutes* with funds deposited into approved applicants accounts within 60 seconds*.
Jacaranda Financeperforms credit checks, but your credit score and history aren’t the only factors we consider when making a decision. We will review and consider your loan application carefully and take into account additional factors like responsible spending behaviour. Even with what may traditionally be considered ‘bad’ credit you may be eligible for a loan from Jacaranda Finance.
You can get an outcome the same business day! Loan approval and disbursement is 100% online. The whole application process can transpire at any location with Internet access.
Truly Cheap Loans – No Hidden Costs
Our rates are transparent* and competitive in the market. Interest rates are fixed and you’ll never pay more than what you agreed to unless, of course, you default and are charged a fee.
A Convenient Solution When You Need A Loan
People across Australia find cheap personal loans a quick and easy solution. There are just a few basic requirements that you must comply with. These are listed below.
Best Cheap Loans: Am I Eligible?
We accept applications from all adult applicants who are residents of Australia and making at least $400 a week after tax. You must also provide a current phone number and email, a current bank account in your name, and bank statements to verify you have been receiving income for at minimum the last three months.
How to Apply
After you fill out and submit the short application form, Jacaranda Finance will perform an assessment. Our ultimate goal is to establish whether one of our loans would work for you. To help achieve this as soon as possible, we use state-of-the-art, 100% secure banking and data protection technologies.
If you are approved, we transfer the funds to the account you’ve provided after signing a loan contract. The time of transfer can be as little as 60 seconds after signing if you bank with an NPP-enabled bank but may take longer.
What to Expect From Our Cheap Small Loans
Jacaranda Finance can provide small loans ranging from $300 to $2,000.
The best way to calculate your monthly fees and total repayment is to use our handy online calculator (found at the top of this page). Your digital contract will break down all costs based on your loan amount, interest rates, and repayment terms.
Depending on the loan amount, you can choose your repayment period from six months to a year. Payments in weekly, fortnightly and monthly instalments are possible.The maximum comparison rate on loans between $300 and $2000 is 199.43%.
Please note: All comparison rates are 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.
Cheap Personal Loans Online – The Right Answer for You?
Statistics show that most Aussies will borrow money at some point in their lives. These days, it’s easier than ever to obtain cheap personal loans online. The choices we make about how much and when to borrow can help us make ends meet or end up breaking the bank. Before you accept a loan, it’s important to decide whether you really need it. You also need to be sure you can meet your repayment requirements.
Jacaranda Finance is here to answer any questions you may have. Please contact our dedicated team of customer service operators by phone or email during AEST business hours.
“Jacaranda Finance is a lender. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website about cheap personal loans related to your unique circumstances.”
Want to read more? Jacaranda has all the details on low rate loans for bad credit!