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Fast & Easy Online Loans

Fast & Easy Online Loans

Looking for a fast loans online?

The internet has revolutionised the way we live. Whether it’s shopping for clothes, studying a new course, or watching movies, we can do just about anything on the web. As a result, online loans have grown massively in popularity over the years.  

Life is filled with unexpected expenses. Bills, groceries, transport, health – no matter how many precautions we take, sometimes we’re left unprepared for the things that are just beyond our control. That’s where Jacaranda Finance comes in. Our online loans could be the safety net you need when you get knocked back by an unexpected expense, or when you need a little extra cash flowing through your wallet. To apply for our online cash loans, all you need to do is click your mouse a few times, enter some details, and you could be on your way to getting approved for quick cash in your pocket. We know, it sounds way too simple. Too good to be true even. We’re telling you it’s not. Need more info? Read on.

Who are we?

Before we delve further into our online loans, we thought we’d introduce ourselves first. We’re Jacaranda Finance, an award winning lender more Aussies are turning to for a reliable and affordable loan service. Unlike a payday loan, or cash advance, our personal loans have flexible repayment periods that give you some breathing room, saving you the stress of having to gather funds to repay your loan immediately.

When you apply with us, our aim is to help you move forward with your life. We are well aware of the stigma associated with our industry. That’s why Jacaranda is here to change that for the better. We’ll use honesty, transparency, and great service to prove that we’re the right lender for you.

FAQ

What are online loans?

Online loans are personal loans that are applied for and processed 100% online. Applying for quick cash loans online means no longer having to put up with queues at the bank, or be left on hold on a call for what seems like hours. With one simple application, you can apply, get approved, sign your loan contract and receive your cash without having to take one step outside of your house.

Our online loans range from $300 all the way up to $10,000 and can be repaid over a 9 – 24 month period. So, not only are our loans easy to apply for, they are easy to pay back. Talk about easy loans!

Do you do online loans for people on Centrelink?

As a homegrown, family lender, we believe in inclusion for all Australians. Therefore, we encourage all eligible Australians to apply for our online loans when they need them! We count Centrelink payments as income. So, as long as you have been receiving your payments for the last 3 months at least, you’re more than welcome to submit an application.

You never know unless you try, right? Our team will immediately assess your application and do their best to match you with a loan that suits your financial situation. This doesn’t mean you’re guaranteed to get a loan. However, we can guarantee we will always give you a fair and just assessment.

What is the difference between secured and unsecured loans?

Jacaranda Finance offers both secured and unsecured personal loans, depending on how much you choose to borrow. Both have their pros and cons and deciding which one is right for you will come down to your personal finance needs. Here’s a quick rundown of the key differences between the two loan types.

Unsecured loans
Unsecured personal loans are  personal loans that don’t require collateral to be attached to the loan as security. What this means is that you can get the cash you need without having to risk your own assets. It can also be easier to qualify for an unsecured loan because it doesn’t have as many eligibility requirements. 
Ultimately, these types of loans are usually only available for smaller amounts, since they do hold a much higher risk for lenders. 

Secured loans
A secured loan is a method of borrowing money that requires you to attach an asset to your loan agreement as security.  This means that if you’re unable to repay your loan the lender can take possession of your asset to cover the cost. Given the lower risk to the lender, a secured loan allows you to borrow a larger sum of money than an unsecured loan. You can often get better interest rates on secured loans as well.

Can I get online loans with bad credit?

At Jacaranda, we believe having a bad credit score (usually below 600) shouldn’t mean you have to endure financial stress. We focus on the bigger picture. Our promise to you is to not let your past economic habits haunt you. We’ve provided thousands of Aussies from all walks of life with bad credit loans. We’ll put more focus on your current finances to see how you’re going to repay the loan.

Do you do credit checks on online loans?

Yes, we do. As responsible lenders, we always conduct credit checks on eligible loan applicants. However, don’t let this deter you from applying for our online loans, as we look at other criteria as well. We are firm believers that your credit history isn’t 
 be-all and end-all for deciding whether we lend to you or not. After all, history is just that, history! 

Whilst, we don’t offer online cash loans with no credit check, we look at more than just your credit score. We look at your current relationship with money. Remember, we’re human and understand that sometimes things happen that are out of your control. We have access to a highly reliable system which will use your internet banking logins to obtain a read-only copy of your bank statements. This gives us an accurate representation of your income, expenses, spending habits and your overall relationship with money.

Will you instantly approve my online loan application?

If we’re talking literal terms then no, we don’t offer loans online instant approval. However, that doesn’t mean we’re not fast! While we can’t give you instant loans, or guarantee same day approval loans, we can still give you one of the fastest loan services in Australia.

Therefore, you could have an outcome on your online loan in just 60-minutes*, as long as you have applied within our normal business hours and we don’t require any additional information. You may not be getting loans online instant approval, but you will still get a super fast outcome, plus service with a smile, every time!

The reasons we don’t offer online loans instant approval are that, a) our loan specialists need time to assess your application, b) we follow our responsible lending obligations down to a T, and c) we always want to make sure we have all the information we need to confirm your eligibility for our online loans.

How do I repay my loan?

Repaying your loan is just as easy as applying for it. If your online loans application is approved, we’ll get in touch with you. With Jacaranda, our repayments work by setting up a direct debit, so that your repayments will come out of your account automatically. We will ask you to select a day to deduct repayments. They can be set up to come out of your account on a weekly, fortnightly or monthly basis – it is entirely up to you which day you choose. If you wish to change your payment day, just give us a call on 1300 189 823.

We recommend setting it up so that your repayments fall on the same day as your payday. Selecting the right payment structure ensures that you always have enough money in your account. So, as long as you have enough cash in your account to cover the payments, they will just come out automatically. No need to set reminders or risk forgetting. Then, once your loan is paid off, the payments will stop automatically.

What if I can’t make one of my repayments?

Sometimes things happen that can affect your ability to make your repayments successfully. If this happens, let us know ASAP. The sooner we know that you’re having trouble paying back your loan, the quicker we can find you a solution.

We require at least 24 hours notice to amend your upcoming payments. Not only can we adjust your future repayments to a more manageable amount, but this will stop you any incurring dishonour fees. We’re human too, and we understand that sometimes, these things do happen.

How do I apply for online loans?

Now, onto the next step: applying! We’ve provided you with some quick, simple steps on how to do this:

Step one: Apply online

Firstly, scroll up to the top of this page to our loan calculator. Using the slider, select the amount you’d like to borrow and the repayment period and click ‘Apply Now.’

Next, you’ll be taken to our 100% online application form. Here you’ll be asked for personal and financial details. This step usually only takes most people a couple of minutes to complete. When you’re done, simply hit ‘Submit.’ 

Step two: We’ll assess you

That’s it from you! We’ll take over from here. Once we’ve received your application, our team of loan specialists will get to work assessing it. If you apply during our regular business hours, then you could receive an outcome in as little as 60 minutes!

Step three: Review and sign your contract

If the Jacaranda team approves you for a loan, congratulations! We’ll then send you an electronic copy of your loan contract for you to review and sign. We recommend reading the terms and conditions thoroughly to make yourself aware of any fees and charges for late or missed payments. When you’re happy, e-sign it!

Step four: Get your cash! 

Once we’ve received your signed copy of your contract, a member of our team will transfer your cash. If you have an NPP-enabled bank account, then you could have your funds in your account and ready to use in 60 seconds.

Am I eligible for online loans?

We have a list of eligibility criteria that you’ll need to meet before you apply. To be eligible you need to:

  • Be 18 years or older;
  • Be an Australian Citizen or Permanent Resident;
  • Receiving a regular income into a personal bank account for the last 3 months;
  • Have an active Australian mobile number and email address;
  • Have internet banking set up.

If you meet this criteria, then you’re eligible to apply for our online loans! 

What do I need to apply for online loans?

More good news – our application is super simple and quick! That means no unnecessary documents and paper forms. You just need to fill out a few important personal and financial details, such as:

  • 100 points of ID (name, D.O.B, etc.)
  • Contact information
  • The reason for your loan
  • Internet banking details
  • Your MyGov account details (if you receive Centrelink benefits)
  • Employment details and employer contact information

What loans does Jacaranda offer? 

We’re glad you asked! Jacaranda can offer 3 types of personal loans. We’ve listed these in the table below:

Loan TypeSecured OptionsLoan amountLoan term
Small loanUnsecured$300 to $2,00012 months
Medium LoanSecured$2100 to $4,60013 to 24 months
Large LoanSecured$5,000 to $10,00013 to 24 months

If you’re curious about our interest rates and fees, head to our costs page for more info.

4 things to consider before taking out an online loan 

Are you on the hunt for a new car? Maybe you’re looking to do some improvements on your home, or perhaps you need a little extra money for your dream holiday? A personal online loan could be the financial solution you need to stop dreaming and start doing! However, taking out loans can be a big decision to make and there are a few things you must consider before applying for online loans. So, we’ve made a handy list of things you should consider before you get started on the application form. 

  1. Check if you meet the eligibility requirements: The first thing to consider is whether or not you meet the minimum eligibility requirements to qualify for an online loan. For online loans, you will not need to submit any physical documentation. Jacarandas application is fast and easy, and if you are missing any documentation we will reach out to you immediately. 
  2. Find out what loan type suits you best: Next, you’ll need to think about what you want to use the loan for. Remember to state the reason for your loan in your application. It’s important to choose a loan that suits your financial situation. You can choose between a small, medium or large loan. Medium and large loans are typically secured and require you to provide a collateral for security. This may impact what loan type you want and need. Moreover, the loan amount you can apply for must be subject to what you are able to afford, which takes us to the next step. 
  3. Consider the cost of the loan: Once you have decided on the loan you want to apply for, you should consider the interest rates and fees that apply. Additionally, the loan term also affects the total amount you’ll pay for your loan. The longer the loan term, the more interest you may pay. Interest rates are expressed as a percentage of the original amount borrowed. You can easily get a good idea of what your repayments may look like for different loan amounts over different loan terms with Jacaranda’s loan calculator.
  4. Find out how you’re going to repay your loan: Lastly, finding out how you’re going to repay your loan seems like an obvious point but it’s important to plan out how you intend to repay the debt. Do you plan to pay it off sooner than the loan term suggests? In this case, you need to find out if your lender will charge an early settlement fee. These key factors will help you choose the right loan to ensure that you avoid any unnecessary costs. Luckily, with Jacaranda there are no early payout fees associated with our loans, and you can view all of our costs on our costs page. Moreover, if you are approved for online loans with us, all the costs associated with your loan will be clearly outlined in your contact for you to review before signing. 

Ready to apply?

Jacaranda Finance can provide personal loans to cover a wide range of expenses. Whether you’re looking to take a holiday or pay off a medical bill, we could help you get the online finance you need quick! 

We’re hoping you now have all the information you need to make an informed decision about whether or not a loan is the right thing for you. If you still have a few more questions, check out our FAQ page or send us a message, here. Otherwise, go ahead and scroll to the top of this page to get started with your online loans application!

Looking for cheap car loans? Click here to find out more!

*If you apply during business hours and we don’t require any additional information from you

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Last updated: 13/05/2020, 3:57pm

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