Small Loans Can Help When the Unexpected Strikes

In short, a small loan (also called a short term loan or cash loan) is a small personal loan that aims to help you get by in the short term to cover a small expense. These small loans range in size from as little as $300 to $2,000. They can also range in length of repayment period depending on the lender.

Many people are surprised that borrowing $500 is an option, however, many Australian’s just need a little financial help from time to time. Despite your best intentions to save and be responsible with your money, a financial emergency can hit you out of nowhere, throwing your whole budget out of whack. At Jacaranda, we understand this better than most. That’s why our aim, regardless of the outcome of your loan application, is to help you move forward in life.

Jacaranda’s small loans are fast and hassle-free. Our application is 100% online so you can complete it from the comfort of your own home in under 10 minutes. From there, our assessment specialists will work hard to deliver you a quick decision. If you apply during AEST business hours, then you could find out whether or not you’ve been approved in 60 minutes.* Then, once you’ve signed your contract, we’ll transfer your funds immediately, which could reach your account in under a minute.**

Small loans can be used to pay for unexpected expenses that require fast access to small amounts of cash. Some examples of what you could use our loans for include:
1. Bond payments
2. Debt consolidation
3. Car registration
4. Car repairs
5. Furniture finance
6. White goods
7. Holiday expenses
8. Home renovations

Sometimes, bills come in that are higher than expected. Or perhaps it’s that time of year when you have to pay your car rego. Whatever the situation it is, you’ll often find that it’s something that needs to be paid ASAP! It can be incredibly stressful to have to pay for emergency expenses. However, that’s where we come in. We offer small loans to cover those unexpected costs so that you can go back to focusing on the more important things in life.

Yes, absolutely. We understand that not everyone is able to maintain a perfect credit score. That’s why Jacaranda Finance takes a fresh approach to bad credit. We’ve provided thousands of loans to Aussies with bad credit scores.

Because we are a responsible lender, we will still conduct a credit check. However, your credit score is definitely not the only aspect we’ll look at when assessing your application. We prefer to look at your current finances to see how you’re going to repay your loan. So if your credit score has caused you some trouble in the past, Jacaranda could be your best bet at getting fast, responsible cash.

Yes, you can. All of Jacaranda’s small personal loans which range from $300 to $2,000 are unsecured. This means you won’t have to provide an asset like a car or boat to secure your loan. On the other hand, personal loans that exceed $2,100, generally are secured.

We always conduct a credit check when assessing your application for a personal loan. Don’t let this deter you from applying, however, as it’s not the only thing we look at. Unlike traditional lenders like banks or credit unions, we won’t reject your application solely on the basis of a credit check.

Having bad credit is often a result of situations that may have happened in the past. We view your credit history as exactly that – history. We don’t think a mistake you made up to 7 years ago should necessarily affect your ability to get approved for finance today. In addition to a credit check, we will also look at your bank statements. This allows us to view your income, spending habits, and your overall relationship with money. This generally gives us a better indication than a credit check, of whether a personal loan is suitable and affordable for you

If you’ve got a small business as a sole proprietor, you could look for loans to cover your business expenses. For instance, if you need to pay for new machinery or office supplies, our small cash loans can cover these costs. The only thing you need to keep in mind is you will need to apply for a personal loan as we cannot provide loans to business entities. Here are other examples of what our small business loans can be used for:

– Office furniture;
- Buying computer software;
- Paying for inventory;
- Covering start-up costs.

With Jacaranda, our repayments work by setting up a direct debit, so that your repayments will come out of your account automatically. They can be set up to come out of your account on a weekly, fortnightly or monthly basis. Though, we suggest matching your repayment interval with your pay cycle, as we find this to be the easiest way.