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Home > I Need Money Now: How to Get a Fast Personal Loans with Jacaranda Finance

I Need Money Now: How to Get a Fast Personal Loans with Jacaranda Finance

I Need Money Now: How to Get a Fast Personal Loans with Jacaranda Finance

Do you need money now?

‘How to apply for a loan when I need money’? ‘Which bank in Australia should I apply for a loan’? These are the first questions to dominate your thoughts when you need money to fund expenses that you can’t afford right now. It is natural to be anxious when you experience a financial crunch. But don’t worry, Jacaranda Finance have made personal loans fast and easy! All your worries end with easy-to-apply personal loans with Jacaranda Finance.

A fast personal loan with Jacaranda Finance could be the answer to your money woes. Say goodbye to endless paperwork and lengthy queues, you can apply for Jacaranda’s online personal loans from the comfort of your own home. Personal loans can provide relief if you are thinking ‘I need money now’. You can apply for these loans online and get funds into your bank account quickly.

Where can I apply when I need money?

When googling ‘where can I apply when I need money now’ the amount of results can be overwhelming. There are hundreds of online lenders claiming to offer the best products. Jacaranda isn’t only here for emergencies. While we can assist people through tough times like medical emergencies and car accidents, Jacaranda’s personal loans can be used for a wide range of reasons. If you’re looking to reward yourself with a bit of luxury, you don’t need to budget and save until your socks fall off. Simply apply for a quick cash loan with Jacaranda.
Whether you need the money until the next pay date or a loan repayment spread over the next two years, you can apply for personal loans with Jacaranda Finance.

What is a personal loan?

A loan not defined by its end use is a personal loan. As the name suggests, it is a line of credit offered to help overcome the personal financial needs you are facing at present. There is a multitude of different expenses personal loans can be used for. A few of the reasons you could site when applying for a personal loan include medical loans, car repairs, travel costs and renovations. It is really up to you what you use the loan for. Even after receiving a personal loan, you can change the reason for what you’ll spend the money on without informing the lender. You retain the flexibility of how to use the money while your lender has control over the repayments and interest.

What types of loans do offer?

If you are contemplating ‘what to do when I need money’, personal loans can offer a fast solution. A personal loan with Jacaranda is a short term loan with a repayment duration extending up to 2 years. Customers can apply for 3 different types of personal loans. These are small unsecured loans, medium secured loans and large secured loans.

Loan TypeLoan AmountLoan Period
Small unsecured loan$300 to $2,00012 months
Medium secured loan$2,001 to $4,6009 to 24 months
Large secured loan$5,000 to $10,0009 to 36 months


How much can I borrow?

If you are pondering over ‘how much I can borrow when I need money,’ you must pay attention to the following factors that make or break your ability to borrow.

  • Credit score: Your credit rating tells about your reputation as a borrower. A good credit history makes you a low-risk borrower without any chance of the loan turning into bad debt. This allows a higher amount of loan. If your credit score is low, you can still access loans with Jacaranda, as we will focus mainly on your spending habits and bank statements.
    Employment status: A job means you have an assured income and you can repay the loan as scheduled. A regular income means you can repay the loan easily. This permits lenders to accept your request for a higher loan amount.
  • Earning: How much you earn and repay is a decisive factor in calculating your borrowing limit. For example, lenders usually do not allow a repayment amount that exceeds half of your monthly income.
  • Centrelink payments: If you are receiving assistance from Centrelink, you stand a chance to get cash loans.
  • Financial liabilities: The low liability makes you a candidate for a higher amount of loan. However, if you already have debts, it limits the more you can borrow.

Who can apply for personal loans?

At Jacaranda, we won’t make you jump through hoops to apply to borrow money. We keep our eligibility criteria as simple as possible. If you’re looking to apply, you’ll just have to say yes to the following criteria:

  • Have an active mobile phone number and email address
  • Your internet banking is set up
  • Over the age of 18
  • You have had a regular income for the last 3-months into a personal bank account
  • You must be an Australian citizen or permanent resident

If you have any questions regarding our eligibility criteria please don’t hesitate to get in touch. Our team are committed to making your experience with us as quick and as seamless as possible.

What can I use a personal loan for?

You can use a personal loan for any purpose. A personal loan can be used to pay your medical bills, renovate your home, repair your car, pay school or college fees of your kid, fund your holiday, buy appliances, spend on your marriage and even loan out to a friend. Though the lender may want you to provide a reason or answer the question of ‘why I need money’ in the application form, it is up to you to use it for any purpose.

The borrower has the flexibility to utilize the credit line for any personal expense irrespective of the reason cited during the loan processing. Lenders have no authority to dictate or monitor how you are utilizing a personal loan. For example, you cited the need to fund your marriage expenses while requesting for a personal loan. But once you have the cash, you might change your mind if something else comes up. As long as you keep up with the repayments, what you do with the money is up to you.

I need money now but have bad credit

If you have bad credit and you need money now, then don’t stress! Jacaranda Finance can offer bad credit personal loans. In a nutshell, your credit score is a number that is based on the information in your credit report and evaluates your credit worthiness. Typically, traditional lenders will assess an application heavily on the applicants’ credit score. Jacaranda Finance, on the other hand, takes a fresh approach to online lending and bad credit. Although we do conduct credit checks, we don’t assess your application solely on the basis of your credit score. We prefer to look at your bank statements to check your spending habits and overall relationship with money. This gives us a good idea of if you can afford the repayments on the loan. So don’t let bad credit get you down. if you’ve said ‘I need money now but have bad credit’ apply with Jacaranda Finance.

Can I get a loan if I’m receiving Centrelink?

Jacaranda Finance offers quick cash loans on Centrelink. Borrowers can apply for personal loans when they are receiving financial assistance through Centrelink. It is considered as an income by the lender and your repayment capacity is calculated based on the payment. However, you must have been receiving these payments for the last 90 days. This offers an alternative to those facing borrowing issues due to bad credit or unemployment that often leads to high-interest rates or rejection of loan requests.

Why should I apply with Jacaranda?

  • Jacaranda offers 100% online application for personal loans.
  • It is among the first few lenders to incorporate instant banking in Australia.
  • Easy to apply process and quick approval for personal loans.
  • Individual-specific loan products.
  • No hidden charges.
  • Fast processing money transferred in 60 seconds (If your bank account is NPP enabled).
  • Availability of bad credit loans.
  • Though Jacaranda Finance checks the credit history of borrowers, it takes into account a number of factors allowing you to get a personal loan regardless of your credit score.
  • No prepayment charges.
  • Online calculator to know how much you are required to repay and the duration of the loan.
  • Option to select your weekly, fortnightly or monthly repayment schedule.
  • It offers to restructure the repayment schedule if you face any problem in paying off the loan.

What documents will I need to submit?

If you really want to race through your application (why wouldn’t you) then we recommend having the following details handy:

  • Personal/contact information
  • Reason for the loan
  • Internet banking credentials
  • myGov account details (if applicable)
  • Employment information

How to apply for personal loans

Applying for personal loans with Jacaranda couldn’t be any easier. Just follow these easy simpler

Step 1: Apply online

If you think you’re ready to apply, simply scroll up to the top of this page to find our loan calculator. Select the amount you’d like to borrow using the slider and the repayment period and click ‘Apply Now.’

Step 2: Fill out the application

You’ll then be taken to our 100% online application form. This usually only takes people a couple of minutes to complete. Once you’ve finished, hit ‘Submit,’ and we’ll start assessing. If you apply during regular AEST business hours, we’ll do our best to give you an outcome in as little 60 minutes.

Step 3: Sign your agreement

If you’ve been approved for a loan, our team will send over an electronic copy of your loan agreement for you to review and sign. We recommend you read over the terms on your agreement thoroughly to make yourself aware of any charges and fees for late or missed payments. When you’re happy, sign the agreement and send it back to us.

Step 4: Get your cash

When we’ve received your signed agreement, our team will transfer your funds straight to your account. If your bank allows NPP enabled payments, the cash could be in your account in as little as 60 seconds. How good is that!

What are you waiting for?

Have you been saying ‘I need money now’ recently? Well, you’ve come to the perfect place. Don’t waste time printing out paperwork or waiting in lengthy queues. Jacaranda Finance can deliver you an outcome in 60 minutes* and transfer your cash in 60 seconds once approved**.

*If you apply during regular AEST business hours
**subject to NPP enabled bank accounts

Calculate personal loan repayments with a personal loan calculator.

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

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.