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Quick Loans With Affordable Repayments
Want easy, responsible, quick loans?
From moving out, to paying for transport and trying to maintain some kind of social life, our everyday expenses just seem to keep piling up. So what happens when the unexpected hits and you suddenly find yourself struggling to pay your bills? Lucky for you, there’s a little lifesaver called quick loans.
Jacaranda Finance is here to help you take proactive steps for when life throws a curveball at you.
Quick loans FAQ
What are quick loans?
Quick loans are personal loans that you can access in a short amount of time – usually within a day. Jacaranda’s online personal loans are exactly that quick – quick and easy. Simply apply for an amount between $300 and $10,000 and then submit your application in under 10 minutes. Our assessment specialists will aim to get back to you with an outcome in 60 minutes.
Additionally, thanks to the introduction of instant banking, you could have the cash in your account within 60 seconds of signing your contract.**
Where do I get a quick loan?
Whether you’re facing unexpected bills or looking for some extra cash for a holiday, Jacaranda could provide you with the cash you need – in no time! We’ve streamlined our application process to ensure our customers get fast outcomes, that means no paperwork and no extended waiting periods.
If you’re thinking about applying for a personal loan, we recommend you submit an application. Our team of experienced lenders will do their very best to match you with a loan product to suit your individual circumstances.
How can I get emergency money fast?
In today’s fast-paced world, Jacaranda believes in fast-paced lending. There’s no way for us to predict the future, which is why if you’re approved for a loan with us, we’ll transfer the funds as soon as we receive your signed loan agreement. Waiting around at the bank is a thing of the past. With a loan from Jacaranda, you could have the cash you need by the end of the day!*
Do you do same day loans?
Yes, we do offer same day loans! If you apply for a personal loan during our regular business hours, you could get an outcome on your application in just 60 minutes. Better yet, if you’re approved you could have the cash in your account within 60 seconds**! Keep in mind, bank transfers vary, so make sure to check with your financial institution if you’re unsure.
Same day loans aren’t a guarantee with Jacaranda as it will depend on the time of day you apply. However, we will guarantee to get back to you with an outcome as soon as possible.
Will you check my credit score?
At Jacaranda, we believe having a bad credit shouldn’t mean you have to endure financial stress, so we focus on the bigger picture. When you apply for a loan, we will always conduct a credit check. However, this won’t be the only determining factor in your approval. Our team will look at other factors like your income and spending habits.
In a nutshell, your credit score is a statistical number that evaluates your creditworthiness and is based on your credit history. This means your credit score will factor in any late payments you may have from past accounts. This is important to lenders, as it gives them an indication of whether you’re likely to pay back your loan. A below-average score will lead many traditional lenders such as banks to deny an applicant. This can make it difficult to secure a loan with bad credit. The good news? Not all lenders are like this. At Jacaranda, our promise to you is to not let your past economic habits haunt you – we provide personal quick loans for bad credit borrowers.
Do you do fast loans for Centrelink recipients?
If you receive Centrelink benefits you can still apply with Jacaranda and our team will do their best to help. Our team will assess your financial circumstances, including what percentage of your income comes from Centrelink benefits to see whether you’re eligible for a loan. Jacaranda’s team always do their best to match you with an appropriate loan product that suits your financial situation, whether you have poor credit or receive Centrelink benefits.
Our quick cash loans Australia are designed to be accessible for all Aussies. To apply, all you need is a smartphone or laptop and a few spare minutes.
Am I eligible for quick loans?
Like we said before, we’re all about giving Aussies the fair go they deserve. Our team takes its role as responsible lenders seriously. That means we have a few basic eligibility requirements. To qualify for quick loan finance, you’ll need to be able to answer yes the following:
1. Are you aged 18 or over?
2. Are you an Australian citizen or permanent resident?
3. Do you have a valid mobile number and email address?
4. Have you had a regular income for at least the last 90-days?
5. Do you have internet banking set up?
What documents do I need to apply for quick loans?
If you’re ready to apply for a quick loan today, you’ll need to know what documents to provide. The good news is, at Jacaranda Finance, we like to stick to the basics. We’ll only ask you to provide the absolute necessities. Here’s what you’ll need to be able to show our team when you apply for quick loans:
– Online banking details;
– An active email address and mobile number;
– The reason you are applying for the loan;
– Your MyGov information (if you are receiving Centrelink payments);
– Employer and contact details.
So, if you’re looking for loans quick smart then apply in minutes and you could have your outcome within the hour**.
How do loan repayments work?
It is vital to make sure you have enough money in your account to make each quick cash loan repayment. If one of the automatic payments fails, we may charge you a dishonour fee. This fee is added onto the amount payable on your loan. If at any time throughout the term of your quick loan online, you are unable to make a payment, we recommend contacting us as soon as possible so we can try to work something out that suits all parties involved. We require at least 24 hours notice to make any amendments to your account.
What if I want to pay my quick loans out early?
That’s great! We will always encourage our clients to do their best to pay their loan out early. That’s because we don’t charge you for doing so! Therefore, paying your quick loans out early will mean that you save money on interest and monthly fees. So, if it is possible to throw a few extra dollars on where you can, we highly recommend doing so. A little goes a long way when it comes to repaying your loan!
How do I apply for a quick cash loan?
All you need to do is jump onto our home page and enter the amount you’d like to borrow into the loan calculator at the top of the page. Then, select the length of your repayment period and click ‘Apply Now.’ We’ve summarised how to apply for a loan in these simple steps below:
Step 1: Submit an application
After you’ve filled out the application form and submitted it to us, we’ll get to work assessing your financial situation. If you’ve applied within AEST business hours, it could take us as fast as 60 minutes to get back to you with an outcome. However, keep in mind if we do require any additional information from you, this can take a little longer.
Step 2: We’ll assess you
After you submit your application, we get to work. If you’re eligible, we’ll conduct an assessment to see if we can approve your application for a quick loan. Typically, it will take us about 60 minutes to get back to you with an outcome.
Step 3: Review and sign your loan contract
If the Jacaranda team matches you with a suitable quick loan, we’ll send over a loan contract for you to review and sign. Our team recommends that you carefully read over your contract and make sure you’re aware of the terms and conditions of your quick loan.
Step 4: Get your funds
Once we have received your signed loan contract, the Jacaranda team will transfer your cash. Thanks to instant banking, the funds could be in your account in just 60 seconds* (for NPP enabled bank accounts).
What loans does Jacaranda offer?
Jacaranda Finance offers 3 types of quick loans. These are small, medium and large loans. The table below shows a breakdown of each of these loans:
|Loan Type||Secured Options||Loan amount||Loan term|
|Small Loan||Unsecured||$300 to $2,000||12 months|
|Medium Loan||Secured||$2100 to $4,600||13 to 24 months|
|Large Loan||Secured||$5,000 to $10,000||13 to 24 months|
Jacaranda Finance also provides car loans from $5,000 to $35,000 with loan terms varying between 3 and 7 years.
4 Ways you can pay off your loan sooner
As mentioned above, we always encourage our clients to try their best to pay out their loans early. We won’t charge you any early exit fees, because if anything, we want you saving money on interest and repayments. If you’re interested in shortening your loan term, here are a few easy methods to keep in mind that can help you reach that goal:
- Make frequent payments. This method is an essential step in your saving strategy. It’s a simple step that can get you in the habit of putting any extra cash aside. By making more payments whenever possible, you’ll find yourself getting used to significantly lowering your loan term.
- Increase your payment frequency. Are you currently on monthly payments? If you’re financially comfortable, swapping over your repayment schedule to fortnightly payments can play a major role in shortening your loan term. Rather than making 12 payments a year, you can make 26 instead and save yourself months of repayments and interest.
- Pay lump sums. A lump sum is another method that can help you shorten your loan term. This is a single payment that you can make at any given point during your loan term, and is usually a larger amount than your repayment. Some people tend to make lump sum payments after receiving their tax return or a salary bonus. You don’t necessarily have to pay your entire tax return on your loan, but even a fraction of that amount can help you end your loan sooner.
- Align your payment with your income. One of the best ways to shorten your loan term is sticking to a budget. If you align your repayments with your income cycle, this can help you ease the budgeting process and can make sure all your repayments are being made on time throughout your loan term.
Quick cash loans and responsible lending
At Jacaranda Finance, we adhere to all guidelines outlined by the Australian Securities and Investments Commission (ASIC). We’re committed to responsible lending practices designed by both ASIC and our internal body.
What does that mean? When you apply with Jacaranda Finance for quick cash loans online, we’ll assess the whole picture of your financial circumstances, including your income and expenses. We look at more than a number.
On the flip side, we never approve a clients’ application if we believe they cannot afford the repayments. We want to help you get closer to financial wellness, not drag you away from it. For us, quick loans shouldn’t contribute to bad credit ratings. If you’d like more information about our assessment process feel free to call us on 1300 189 823, and we will help you apply for a bad credit loan.
*most people have their money in their bank account once they are approved and have accepted their contract within 60 seconds
**subject to when you submit your application