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Secured Personal Loans

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Apply in less than 8 minutes

Secured loans online with Jacaranda Finance

While having bad credit can make it challenging to access a loan when you need it, there are still some options available if you’re in this position. One of these options is a secured personal loan. With this type of loan, you can get lower interest rates and fees as you’re able to offer security for the money loaned. Plus, lenders may be more willing to approve you as a secured loan is less of a risky venture than an unsecured loan.

If you’re after a secured personal loan, don’t look past Jacaranda Finance! Learn more about taking out a secured loan with us below.

Secured or unsecured: What’s best for me?

When it comes to borrowing money, there are a few different loan options. When deciding between secured vs unsecured loans, it all comes down to what your financial needs are.


An unsecured personal loan is a type of loan that doesn’t require an asset as security. It can be used for many reasons including car repairs, a holiday, or home improvements. An unsecured personal loan is only supported by your creditworthiness, rather than collateral. Typically, unsecured personal loans charge higher fees since they are riskier for lenders. If you default on an unsecured loan the lender could pass you onto a debt collector as a last resort option.


On the other hand, a secured personal loan requires an asset to be ‘attached’ to the loan as security. This is to protect the lender in the event that you are unable to repay the loan. If you default on your loan or can’t pay it back, the asset can be seized and sold to make up for any financial losses. However, this is the worst-case scenario. In our experience, our clients take out a secured loan because they're looking to borrow a larger amount. This could be in the form of a medium loan from $2,100 to $4,600 or a large loan from $5,000 to $10,000.

If you're applying for a loan between $2,100 and $10,000 with Jacaranda Finance, you will have to provide a vehicle as security. This could be either a motorbike, car, boat, or caravan.

How do I apply for a secured personal loan?

To apply for a secured personal loan with Jacaranda, all you have to do is follow the easy steps below:

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Step 1: Apply online

To get started, scroll up to the top of this page and use the slider to choose how much you want to borrow and for how long. We’ll then get you to fill in our quick and easy online application form.

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Step 2: We get to work

After you submit, we get to work straight away on assessing your application. If you apply during our business hours, we’ll do our best to give you an outcome in 60 minutes.*


Step 3: Get your money!

If you’ve been approved, congratulations! We’ll send through your contract and once signed, we’ll transfer the funds to you. If you have a NPP-enabled bank account, you could receive your cash in 60 seconds.**

Secured Personal Loan FAQs


Am I eligible for a loan?

To qualify for a loan with Jacaranda you must:

👨‍🦰 Be over 18 years of age

🇦🇺 Be an Australian citizen or permanent resident

💸 Have received a regular income (for the last 90-days)

🏦 Have internet banking set up

📱 Hold a direct contact number and email address

What information do I need to provide?

To apply online with Jacaranda, we will need these from you:

📇 Personal details (i.e. Name, Address, DOB)

📱 Your phone number and email address

❓ The reason for your loan

🗄️ myGov details (if you receive Centrelink benefits)

🏦 Online banking and employment info

How much can I borrow for a secured personal loan?

At Jacaranda, you can borrow $300 to $10,000 for a secured personal loan. However, if you’re looking to borrow $2,000 or less, an asset isn’t required for the loan (an unsecured loan). Whether you want to apply for a secured or unsecured loan is completely up to you!

Below, we put together a table to give you an idea of the range of personal loans we offer at Jacaranda:

Loan Amount: $300 to $10,000
Loan Term: 12 months to 24 months
Repayment Frequency: Weekly, Fortnightly or Monthly
Repayment Facility: Direct Debit
Secured Options: Secured and Unsecured
Interest Rate: From 7.59% (secured loans)
Comparison Rate: From 7.59% (secured loans)

Visit our personal loans rates page for a full breakdown of costs associated with Jacaranda Finance’s personal loans.

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Reviews current as of Aug, 2020.

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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.