Looking to manage your debts better? Jacaranda Finance is a fast and flexible online lender specialising in delivering reliable, convenient, and simple loans for debt consolidation.
With no impact on your credit score!
Check If You Qualify with no impact on your credit score!
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
Looking to manage your debts better? Jacaranda Finance is a fast and flexible online lender specialising in delivering reliable, convenient, and simple loans for debt consolidation.
Debt consolidation is a process where you eliminate multiple debt repayments by bringing some or all of your existing debts together into one loan, offering you greater control of your repayments. By taking out a debt consolidation loan, you can use these funds to pay off your other debts.
Now, you'll have a new loan with only one repayment over a set term, so you’ll know exactly what and when your next payment will be.
If you're juggling multiple repayments of debts, consolidation can be a management tool to stay on top of your finances.
Our debt consolidation loans let you borrow between $5,000 and $25,000 over 24 months - 48 months. They’re also a highly flexible product and can be used for a number of common debts. To get an idea of what rates, fees and charges are associated with our other loan products, visit our rates and fees page.
A debt consolidation loan with Jacaranda Finance offers each of these benefits as well as the following:
Apply today or get in touch to see how we can help you consolidate your debts!
Refinancing or consolidating your current debt may result in higher total charges if the interest rate and fees are higher or the loan term is longer. You should also carefully consider the impact of increasing your debt, monthly obligations, and the length of your repayment term.
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don't have time to waste on needless paperwork.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
Worried about being denied a loan? No stress! At Jacaranda, you can check if you qualify without affecting your credit score!
Making all your repayments to us on time could steadily improve your credit score and positively impact your ability to get credit in the future.
If you're merging multiple debts into one, it’s crucial that you take the time to calculate your estimated repayments before taking out a loan. If you can't afford your new loan, then you won't be any better off than you were before.
Fortunately, our online loan repayment calculator can guide you to what your repayments might be so that you can budget accordingly.
It only takes a few seconds!
Ready to Apply? You can get started now.
Ready to Apply? You can get started now.
Find out the answers to the most common queries about our Debt Consolidation Loans here.
Debt consolidation is often used interchangeably with refinancing, and the two terms are very similar: both involve taking out new debt to manage an existing one.
A key difference between consolidation and refinancing is that the former can sometimes involve multiple debts. Refinancing, on the other hand, is usually applied to just one debt, such as a mortgage.
In both cases, though, you should only be refinancing or consolidating to a more favourable loan that suits your needs, whatever those may be.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
Checking if you qualify
When you check if you qualify, we can access your credit file in a way that does not impact your credit score, and that is not disclosed to anyone other than yourself. If you have alerts set up on your credit file, you will get a notification. This is called 'file access', and is different to a 'full credit enquiry'.
Submitting your loan application
Once you have checked if you qualify, and in the case that you do qualify, you have the option to submit your application to Jacaranda to perform a credit assessment. By submitting a full application, you authorise Jacaranda Finance Pty Ltd to obtain a copy of your full credit file. Other lenders will be able to see that you applied for a loan with Jacaranda.
Information we provide to Credit Reporting Bureaus
While we receive information from credit reporting bodies, we also advise them about your repayments. This is a good thing because other credit providers will be able to see your repayment history with Jacaranda. If you're making all of your repayments to us on time, this could positively impact your ability to get credit in the future.
For more information on your credit report and credit score, visit CreditSmart's website. You can also contact our customer service team if you have any further questions about how your credit score can be impacted by applying for one of our loans.We only accept loan applications online via our online application form on our website or the FastMoney app. We're 100% online, so there are no other ways to submit an application.
If you’re considering applying for a loan with Jacaranda, you can first check if you qualify using our QualifyCheck technology, which does not affect your credit score.Applying for a loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as but not limited to how fast you are at typing or if you have all the required information on hand.
After applying, most customers get an outcome on their loan application on the same day during normal business hours once we have received all of the supporting information we require. We do not guarantee same-day outcomes for all customers.2
Once an applicant has been approved and they have signed a contract, we automatically attempt to release the money to the applicant's bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.3Provided you are meeting your minimum contractual repayments, you can change the date of your direct debit payments, make extra repayments, change your bank account details and more from either the FastMoney app or online portal.
Download the app on the Google or Apple store today.
Read more: Personal Loan Repayments 101.
