Home > Loans Australia Wide From Jacaranda Finance
Loans Australia Wide From Jacaranda Finance
Looking for loans Australia?
You’ve been searching the internet for ‘loans Australia’ but the sheer amount of results is making your head spin? Don’t worry, the right loan for you is out there somewhere and maybe we can help you lift the fog.
At Jacaranda, we provide small to large personal loans up to $10,000 and car loans up to $35,000. If you need a quick boost for your personal finances or want to make a bigger investment, we may be able to help. Our online services have provided access to financial resources to thousands of Australians in the past. The application is fast and easy and you may receive your outcome within 60 minutes (if you apply during our business hours and we don’t require additional documents).
In this article, we will teach you everything you need to know about loans in Australia to make an informed decision.
Jacaranda Finance: Who are we?
At Jacaranda Finance, we consider ourselves a breath of fresh air in the online lending industry. What do we mean by this? Well, we operate a little differently to your typical online lender. We’re ready to give every Aussie the fair go they deserve at accessing finance. Instead of assessing your application solely on the basis of a credit check, we can look further to see how you’re going to pay back your loan.
Our personal loan repayment periods give you room to breathe, so you’re not frantically trying to come up with the funds to repay your loan in a couple of weeks. What’s even better? You won’t be charged a processing fee for submitting an application, so there’s no reason to stress.
Finally, we are committed to responsible lending practices, meaning we’re completely transparent with our fees and charges. If you apply with Jacaranda and are approved for a loan, we’ll send you a loan contract with all the details involved with your loan. If you decide you don’t want to go ahead after reviewing it, simply don’t sign it and let us know.
Loans Australia – What are my options?
Not all loans are equally suitable for any situation. That’s why it’s important to know the different types of loans you can get before you decide what’s best for you. In many cases, you have the option to go down the traditional route and get a loan with your bank. However, depending on your credit rating and financial circumstances, it may be easier and cheaper to get a loan with a private lender. Here are different types of personal loans Jacaranda Finance can offer you.
Unsecured Personal Loans Australia
If you need a little pre-pay day pick me up or just don’t have the cash for a smaller purchase you want to make, an unsecured personal loan may be a good choice. Unsecured loans are small to medium personal loans that don’t require you to attach any collateral to the application.
Secured Personal Loans Australia
You’re about to make a big investment but you don’t have the right amount of cash handy? Why wait until you can afford the full price if you could own it much earlier while paying towards redemption? Getting a secured personal loan means you provide an asset such as a car or house as security for your loan. This lowers the risk for your lender and you may be able to get a better interest rate and a higher loan amount. However, if you are unable to repay your loan you risk losing your asset. So make sure to get a loan that’s affordable for you.
Car Loans Australia
Car loans are a type of personal loan given for the purpose of purchasing an old or a new car. For many Australians, buying a car is the biggest purchase they will make in their life after buying a house. If you don’t have the funds to pay it all in one go, a car loan can help you afford your dream car much quicker. In some cases, you may even be able to use your new car as collateral for a secured car loan. Jacaranda’s car loans range from $5,000 to $35,000 and can be repaid over 1 to 5 years.
Debt Consolidation Loans Australia
Do you have debt from multiple sources and your pay dates are getting out of hand? A debt consolidation loan helps you pay off your old debt and combines it neatly in one single payment. In some cases, repaying your debt may improve your credit rating and, most importantly, will help you manage your debt with more ease. One interest rate, one pay date, one loan.
In our time as a lender, we have identified some of the main issues that cause frustration in our customers. You know, like paperwork, long waiting times, and difficulties getting your application approved. That’s why we follow a modern approach to lending: no paperwork, 100% online applications, fast outcomes, and loan options for a wide range of situations. That doesn’t mean we compromise on compliance, either. At Jacaranda, we believe in responsible lending practices:
- We assess your individual case thoroughly and look at your financial situation from all angles. While we want to provide access to personal finance to as many Australians as possible, we will make sure that we don’t lend you money we believe you may struggle to repay.
- Our services are completely transparent: All costs and fees associated with your loan will be stated in your loan contract and on our costs page. We ask you to read through your contract properly before you sign anything.
- We know there is a personal story behind every single application. That’s why we treat our customers like friends. If you have a problem, don’t hesitate to get in touch with our friendly team.
What loans does Jacaranda offer?
Our loans cater to a wide range of clients, however, they are divided into three categories: Small, medium, and large loans. They range from $300 to $10,000, repayment terms depend on the loan type.
Small Personal Loans
A small personal loan ranges between $300 and $2,000. Repayments can be made over a period of 12 months. Small loans are unsecured and work best to help you out for unexpected bills or smaller purchases.
Medium Personal Loans
Jacaranda medium personal loans range from $2,100 to $4,600 and can be repaid over a period of 13 to 24 months. Any medium-sized loans are secured loans which means security must be attached to your application. This could be any vehicle like a car, a boat or a motorbike.
Large Personal Loans
Large personal loans range from $5,000 to $10,000 and repayment periods vary between 13 and 24 months. Like medium personal loans, you will have to provide security against large loans. To summarise, this table shows a breakdown of the personal loans we can offer:
|Loan Type||Secured Options||Loan amount||Loan term|
|Small Loan||Unsecured||$300 to $2,000||12 months|
|Medium Loan||Secured||$2,100 to $4,600||13 to 24 months|
|Large Loan||Secured||$5,000 to $10,000||13 to 24 months|
As with any loan, you repay the loan amount plus interest to your lender. If you are curious about our interest payments, head over to our costs page and find your best option. Additionally, you can work out repayments with the loan calculator on top of this page.
Who is eligible for a loan?
If you are wondering if you may be eligible for a loan, you may be surprised! Even if your circumstances are far from ideal, we may be able to offer you a loan. We offer loans for people on Centrelink, loans for pensioners, and loans for people with bad credit. However, you need to tick a few boxes to be eligible for a loan with us:
- Be at least 18 years old;
- Hold an Australian passport or be a permanent resident;
- Have an active mobile number and email address;
- Have an online banking account that you received consistent payments in for the last 3 months;
- Have internet banking set up.
That’s all we’re asking for. Sounds like you? Then you’re more than welcome to apply! If you have any additional questions about our eligibility criteria, send a message to our friendly customer service team.
How can I apply for a loan?
Who would’ve thought applying for a loan can be fun? There are only three easy steps between you and your loan once you’ve chosen what’s best for you. Most people finish their application within a few minutes. If you apply during our business hours, you may receive your outcome within 60 minutes (if we don’t require any additional documents).
Step one: Apply online.
Head to the loan calculator on top of this page and choose the right loan amount and repayment term. Once you hit ‘Apply Now’, you will be taken through the online application. We will ask for a few details, including:
- Your personal details (name, address, D.O.B etc);
- Internet Banking Login;
- A reason for your application;
- Your MyGov details (if you receive Centrelink or other Government benefits);
- Or your employment details.
Step two: Assessing your application.
Now we make sure that our loans are suitable and affordable for you. Our experienced team will access a read-only copy of your bank statements to assess your relationship with money. We use the newest and best safe banking technology to make sure your data is safe at any time.
We also do perform a credit check, but that’s not all we look at. Mistakes from the past shouldn’t affect your financial future. That’s why we mostly focus on your ins and outs and spending habits.
Step three: Get your cash.
Now to the fun bit: As soon as we give you the green light on your application, we will send you your loan contract to review. We advise you to read it thoroughly and get back to us with any questions you may have. Once you are happy and electronically sign the contract and we will send you your funds as soon as possible. You could even get your cash in as little as 60 seconds.* It’s that quick!
How do I know if my application was successful?
Our application process is very fast and most people will receive their outcome within a couple of hours. If you are getting itchy feet while waiting to hear from us, please take into consideration that your circumstances may be slightly different from other people’s and we want to assure that your loan is a good fit for you.
It won’t take long until you receive a call from us advising that you’ve been approved (or if we can’t offer you a loan, we will let you know what your other options are). If your application is successful, you will receive an email and an SMS shortly after with the link to your loan contract that we need you to sign digitally.
Can people on Centrelink apply for loans Australia?
In short, yes! Receiving Government benefits shouldn’t prevent you from access to personal finance. Some lenders may reject your application but at Jacaranda, we want to give everyone a fair go! All that matters to us is that you receive frequent payments to your account that make a loan affordable for you. That’s why we treat Centrelink payments just like any other income.
If you meet the requirements, we encourage you to apply. We recommend you see if you are eligible for Advance payments on Centrelink first though. Especially if you are after a small loan, this may be the better option.
Something to consider before applying
If you’ve been googling “loans Australia”, there is a chance that you may find yourself in financial difficulties. Taking on debt can be a hard decision and you should think twice if getting a loan will improve your finances.
It is advisable to only get a loan if you can comfortably afford to repay it. However, sometimes you may feel like it is your only option. If you feel stuck, there are helpful resources available and you can even speak to a free financial counsellor to seek advice before taking on a loan.
Trying to boost your savings?
Saving money is no easy task. Once you’ve received your income, your first priority should be to pay your regular bills and expenses. If your expenses almost outweigh your net income then how are you meant to save? We’ve drawn up a saving plan that’ll motivate you to save for the more important things in life. The key to this plan is time is on your side. The earlier you start implementing the following tips into your everyday life, the more you can save!
5 easy money saving tips
- Have a savings plan: have a clear picture of where your money is going. This will help you save and cut back on expenses. For example, cancel that unused Netflix subscription or that gym membership that you never go to. Once you know where your money is going you can set a realistic budget. Your budget will help you save money, track your progress and reach your money goals quicker.
- Change your spending habits: Speed up your saving and reach your money goals faster by changing your most common spending habits. If your thing is to buy a large coffee every morning, switch to a small. This will save you a couple of dollars each day. Alternatively, you could save even more by just making a coffee at work or at home.
- Pay off your debt: No one wants to have debt hanging over their head. It’s stressful and can negatively affect your credit score. If you have money left over after paying your regular expenses, it’s a good idea to put some money towards paying off your debt. Start by either paying off your smallest account or the account with the highest interest rate.
- Shop around for the best deal: If you’re on the hunt for a loan or a credit card, make you do your research to find the best deal. For example, getting a credit card with the lowest and rate and fees could potentially save you thousands.
Any further questions? Get in touch!
With many loan options on hand, you may feel like you have plenty of open questions. While we are an online lender, our customer service team are only a few clicks away to answer questions and address concerns. You may want to check out our FAQ section first as some of your questions may have been posted already. Otherwise, you can send us a message at any time or talk to a member of our friendly customer service team during our business hours on 1300 189 823.
Our business hours are:
- Monday to Thursday: 8 am – 5 pm
- Friday: 8 am – 4 pm
- Saturday: 8 am -12 pm
- Sundays: Closed
Are you ready to apply? We are looking forward to getting to know you. If you apply during our business hours, you may receive your outcome within 60 minutes. There is a fair chance that you even receive your funds within the same day!
*Subject to NPP enabled bank accounts
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