Home > Want easy loans no credit check required? Apply with Jacaranda Finance instead for loans up to $10,000!
Want easy loans no credit check required? Apply with Jacaranda Finance instead for loans up to $10,000!
Looking for hassle-free loans?
Easy loans no credit check required aren’t the only option for those with bad credit. It is possible to get easy loans for those with bad credit from $300 to $10,000. These loans can be either secured or unsecured and feature repayment periods from 12 to 24 months depending on the model/term.
What are easy loans no credit check?
Easy loans no credit check are often sought after by those with bad credit. They may have had a bad experience applying for a loan with a traditional lender in the past, or might just be afraid that being rejected for a loan will have a further detrimental effect on their credit report. So, as you can imagine, easy online loans no credit check can like a pretty attractive prospect.
But here’s the thing: just because you have bad credit, doesn’t mean an easy loan no credit check Australia is your only option. And traditional lenders like the banks aren’t the only way you can get the funds you need! There are now online neo-lenders who are more understanding of bad credit, and in our opinion, Jacaranda Finance is one of the best!
At Jacaranda Finance, we are able to provide loans to people with bad credit. That means you don’t have to frantically search around for easy loans no credit check. Unlike some of our more traditional counterparts, bad credit isn’t the be all and end all for us. We can still provide loans to those with bad credit. Our team will assess your application to see if you’re in a position to afford your repayments.
The lender you’ve been looking for that can provide loans to people with bad credit is right here: Jacaranda Finance!
Does Jacaranda Finance perform credit checks?
Yes, at Jacaranda Finance, we understand that your credit score isn’t necessarily going to be perfect. So, while we don’t offer fast cash loans no credit check, we can provide personal loans for bad credit!
The reason why we don’t offer “easy loans no credit check” is because checking your credit score is a part of our process for looking at applicants. However, that’s not all we look at. You might be used to traditional lenders taking one look at your credit score and turning you away if it’s not to their liking. We’re not like that. We’re a neo-lender, and we like to give second chances to those who haven’t been given the time of day by traditional lenders.
So, why do we do credit checks? Well, this is simply a part of our loan assessment process. We do check the credit reports of all applicants, but we don’t see it as the be all and end all. What we’re more interested in is your ability to afford your loan repayments. Doing a credit check might help us get a better picture of this, but it’s not going to be the deciding factor. If you have bad credit but you’re earning a consistent income, Jacaranda Finance might still be able to provide the funds you need!
When you apply with Jacaranda Finance, you don’t have to worry about being judged just for having bad credit!
So, I can apply with Jacaranda Finance even if I have bad credit?
Yes! As a neo-lender, we like to set ourselves apart from our more traditional counterparts. Not only is our application and assessment process far more streamlined, but we also welcome applicants that have bad credit!
Before you go hunting for any other type of personal loan for that matter, it’s a good idea to know what your credit score is. Your credit score exists on a scale between 0 and 1,000, or 0 and 1,200, depending on the credit reporting agency.
In Australia, there are four major credit reporting agencies: Experian, Equifax, Illion and Tasmanian Collection Service. Those in Tasmania should use the Tasmanian Collection Service and Equifax, while those in other states and territories can check with Equifax, Experian and Illion.
According to research conducted by Experian, two-thirds of Australians have never checked their credit score.
If you want to know more, the MoneySmart website has heaps of information regarding credit scores, including how to check and improve yours.
4 Ways you can improve bad credit fast
Your credit score is a very important factor of your financial life. This number ranges between 0 and 1,200, with 1,200 being an excellent score. Your credit score can be found on your credit report. The three main credit bureaus in Australia include Experian, Equifax, and Illion. Your number is calculated from factors such as your payment history and financial reliability. If you have a bad credit score, don’t worry, improving it is not impossible! Here are 4 ways you can improve bad credit fast:
- Keep up with repayments. Missed or late payments are one of the most heavily weighed factors on your credit score. Paying your bills on time is one of the best ways to improve bad credit fast. Defaults get automatically listed on your credit report and affect your overall score, negatively. At Jacaranda Finance, we will set up automated payments to help ensure all payments are made on time. However, this doesn’t mean that your other bills may not be affecting your credit. Consider organising for your other bills to be automated, to avoid missed or late payments.
- Don’t make multiple applications at once. Regardless of whether you’ve been approved or not, any application made will appear on your credit report. So, applications do in fact affect your credit score. This is mostly relevant when multiple applications are made within a short period. Avoid making multiple applications as that may represent financial trouble on your credit report. Instead, consider applying for a loan/ new credit when you’re confident enough in your eligibility.
- Fix incorrect listings. Sometimes, your bad credit may not completely be your fault. Default listing errors are not uncommon and could happen to anyone. This is why it’s recommended you review your credit report once every 12 months. Errors could include old addresses, bank details, or incorrect defaults. Contact your credit bureau as soon as you notice any errors to have them resolved quickly. The longer errors are left unnoticed, the more difficult they might get to resolve.
- Have a credit card. One of the best ways to improve bad credit fast is holding onto credit cards you can manage. If you’ve been able to manage your credit card’s payments, you are already on your way to improve bad credit fast. It’s believed that someone with no credit cards could be viewed as riskier than someone with one.
Is it possible to get easy loans no credit check required if I’m on Centrelink?
We can offer loans to people on Centrelink!
There are some finance options to those receiving Centrelink payments, such as the Centrelink cash advance. Whether you’ve accessed a Centrelink cash advance in the past, or you’re just looking for a different way to get funds, Jacaranda Finance might be able to help! Your days of trawling through search results for “easy loans no credit check no job” could be over.
You might be aware that some traditional lenders don’t lend to Centrelink recipients. So, what makes Jacaranda Finance different? Well, we can consider Centrelink payments as income! As long as your payments are consistent, reliable, and you meet the other requirements, you’re welcome to apply for a loan with Jacaranda Finance.
How do I apply with Jacaranda Finance?
Applying for a loan doesn’t have to take forever, and the proof is in the pudding. Our quick application process should only take a few minutes to complete! However, before you get too ahead of yourself, there are some things you’ll need to check off before you apply. These are just a few basic requirements we need to assess your loan application.
- Be an Australian citizen or permanent resident;
- Be 18 years of age or above;
- Have received a regular income into a personal bank account for at least the last 90 days prior;
- Have a direct contact number and email address;
If you cover those bases, then you can start your application! Scroll up to any page on our website and you’ll spot our loan calculator. Simply adjust the slider to get your desired loan amount, select your desired repayment period from the drop-down menu and you’ll see how much that specific loan would cost when paid off weekly, fortnightly, or monthly.
What do I need to apply?
Filling out an application form is super simple. In addition to your desired loan amount, repayment period, and some personal details, we’ll also ask for some other information so we can check out your financial situation. For this step, we’ll need your internet banking credentials so that we can access a read-only copy of your bank statements. If you’re employed we also require your employment details, and those on Centrelink will need to provide their MyGov credentials.
Filling out your application should take just a few minutes. Once you’ve submitted it, it’s over to us to do an assessment! We’ll get back to you as soon as it’s done. You could have the cash you need before you know it!
When can I apply with Jacaranda Finance?
The beauty of our website is that you can apply at a time and place that suits you! You’re not bound to the confines of a branch and we won’t make you fill out page after page of paperwork just to apply. No matter where you are or what time it is, you can apply with us – just make sure you qualify! And our website is mobile compatible, so you can even apply when you’re on the go if it suits you.
Now, our loan assessment team also needs their beauty sleep, so they can’t be looking at applications 24/7. You are welcome to apply outside our business hours and we’ll get back to you as soon as possible the next business day. We cannot offer easy loans no credit check but we can offer the next best thing – easy bad credit loans!
Our normal hours of operation are:
- Monday to Thursday: 8am to 6pm
- Friday: 8am to 4pm
- Saturday: 8am to 12pm
How much do loans cost with Jacaranda Finance?
We can do personal loans from $300 to $10,000! Within this range, we split our loans up into three types: small unsecured personal loans, medium secured personal loans and large secured personal loans. Here’s a cost breakdown of each of these:
|Loan Type||Secured Options||Loan amount||Loan term|
|Small Loan||Unsecured||$300 to $2,000||12 months|
|Medium Loan||Secured||$2,001 to $4,600||13 to 24 months|
|Large Loan||Secured||$5,000 to $10,000||13 to 24 months|
For more information on our interest rates and fees, you can head over to our costs page.
How do loan repayments work with Jacaranda Finance?
Just like the rest of our loan process, making your repayments is super simple. Prior to signing your electronic loan contract, we’ll get in touch with you to organise a day – either weekly, fortnightly or monthly – on which to make your repayments. We advise that this day lines up with when you get paid so that you have enough money in your account for each payment.
Once we’ve sorted out a repayment day that works for you, we’ll set up a direct debit for the duration of your loan term. This way, you won’t have to worry about keeping track of when to make your repayments – they’ll just come out of your account automatically on the scheduled day! All you need to do is make sure that there’s enough money in your account.
If there’s not, the automatic payment will fail and you could be charged with a dishonour fee. At Jacaranda Finance, we know that sudden changes to your finances can happen when you don’t expect them. If you know ahead of time that you’re going to be unable to make a repayment, please contact us as soon as possible. We’ll do our best to come up with an alternative arrangement that works for everyone. Don’t hesitate to get in touch with us if your financial situation changes.
Once you’ve fully repaid your loan, the direct debit payments will stop automatically. And, if you wish to pay off your loan early, you can do so without incurring any fees. In fact, you’ll actually be saving money on interest rates and monthly fees! Jacaranda Finance makes repaying your loan a breeze.
Isn’t it comforting to know that it’s possible to get the finance you need without frantically searching for easy loans no credit check? If you can get a bad credit loan with Jacaranda Finance then you won’t need to spend ages looking for quick easy loans with no credit check.
So if you’re looking for a lender that can provide easy loans, why not give Jacaranda Finance a go? Apply now!