Why choose Jacaranda?
We’re glad you asked! Now that you’ve stumbled across our small loans product page, let us fill you in on a few of the reasons that make Jacaranda one of the best lenders on the market.
It’s our aim to give everyone the fair go they deserve, but we can’t just lend to anyone. Jacaranda adheres to responsible lending guidelines. This means we conduct a full assessment of every application we receive, including a credit check on eligible applicants. We do this to ensure you can manage the loan you’ve applied for. After all, we want to assist you financially, not make your worse off!
Online based service and application
With the digital world constantly evolving and expanding, the same goes for the personal loan industry. No longer will you have to print, copy or make tedious trips to the bank to apply for a loan. Jacaranda is 100% online. That means you can complete a loan application from the comfort of your own living room in a matter of minutes. If you have a smartphone you could even apply on the go, so long as you have an internet connection.
We are well aware of the stigma attached to our industry and that’s why we use to honesty transparency and damn good service to prove that we are not like your typical payday lender. We’ll ensure you have all the information available to you before you commit to a loan. That include fees, interest rate, repayment amounts and frequency etc. We also don’t charge a processing fee for submitting an application and we certainly won’t charge you an early settlement fee if you decide to pay off your loan early.
What can I use a small loan for?
The great thing about small loans in Australia is that they can be used to pay off or cover some of life’s most basic, yet fundamental needs. Check out this list of some of the most common examples:
- Car repairs: Got into a car accident or broken down? Don’t get stuck having to fork out the costs to pay for the damages to your vehicle. If you need funds to get your car back on the road, a small loan from us could do just that.
- Renovations: Decided it’s time to give a room in your house that long-awaited facelift? Jacaranda can help cover the cost, so you can turn your renovation dreams into reality.
- New appliances: Fridges, washing machines, dryers – they’re often some of the most expensive pieces of furniture to buy which is tricky because, well, they’re things you can’t live without for very long. Unless you happen to (really) love eskies.
- Travel or holiday: Been waiting for what feels like forever to take that much-needed holiday? Our small loans can help you set off much sooner than you think!
- Wedding or honeymoon plans: The venue, the dress, the cake – it’s no surprise that weddings are expensive. So, if you need help financing your special day, we can help with that!
Small loans Australia
Small loans in Australia are technically referred to as Small Amount Credit Contracts (SACC). These are unsecured loans usually ranging in value from $100 to $2,000 with a repayment period from 16 days to 12 months.
Small loans can be a great solution to a short term cash-flow problem. If you need cash for an urgent expense, but can’t wait until your next payday - then small loans could help!
You can apply for an unsecured small loan with Jacaranda from $300 to $2,000. The great thing about our loans is how convenient they are! Just apply online, and you could have the cash in your account in just a few hours.
Can I get a same day small loan?
Yes, you can. Small day loans are our bread and butter.
Jacaranda’s online loan service is designed for people who need cash quickly. Our online application can take you just a few minutes to complete, and then you’ll just need to wait for your outcome. If you applied during our business hours, then you could get your answer in just 60 minutes*! If approved, most people receive their cash within 60 seconds of signing their contract.
In saying that, same day loans are not a guarantee. If you apply outside of our business hours, then you might need to wait until the next day to receive your outcome. You don’t need to stress though. We’ll start working on your application first thing the next morning.
Our business hours are:
- 8am to 6 pm - Monday to Thursday
- 8am to 4 pm - Friday
- 8 am to 12 pm Saturday
- Sunday - closed
Do you do small loans for unemployed?
Jacaranda can offer loans to unemployed people, but like all our loans there is no guarantee. If you’re receiving Centrelink benefits, then we could approve you for a small personal loan.
If we see that you can manage the repayments on a loan, then you’ll have a higher chance of approval.
To be eligible for small loans for unemployed, you’ll need to be receiving a regular income. That means if you receive a consistent income from Centrelink, you could be eligible for our small loans.
We are unable to offer loans to people who are on Newstart or Youth Allowance as these are only temporary benefits.
Where can I get an instant small loan in Australia?
Lenders and credit providers are required by law to conduct an assessment on all applicants. For this reason, lenders technically can’t provide instant loans.
Jacaranda Finance doesn’t claim to offer instant loans, but we can offer you a fast cash loan with instant cash transfer. This means you could get approved for your loan in 60 minutes* and have the cash in your account within 60 seconds of approval. We know it’s not quite instant - but it’s pretty damn close! In fact, Jacaranda is proud to be one of the fastest loan providers in the country.
How can I get low-interest small loans?
Your interest rate will be outlined in the loan contract before you commit to borrowing. Below, we’ve listed a few things you can do to get low-interest small loans:
- Improve your credit score: This may take some time, but most lenders will offer you more competitive interest rates if you have a solid credit score. This is usually because you’re considered less of a borrowing risk than someone with a low credit score
- Secure your loan: Securing your loan refers to providing an asset of value to cover the cost of the loan if you can’t afford the repayments. For example, you could use your car or motorbike as security. Lenders offer more competitive interest rates on secured loans because there is less risk involved.
Small payday loans
If you’re looking for a small payday loan, you might be able to find a few options out on the market. Payday loans are very short term loans - usually ranging from 16 days to a couple of months. They can act as a short term solution to your cash flow problems.
Jacaranda Finance doesn’t claim to offer payday loans, but we can offer you a small loan up to $2,000. You might be asking what’s the difference between a Jacaranda personal loan and a payday loan? The difference is that we’ll give you more time to pay it off!
Our repayment period ranges from 12 to 24 months (depending on how much you apply for). Having a few extra months will give you a bit of extra breathing room compared to payday loans.
Small loan options
Small loans are one of our most popular loan products. The following loan options are all available to apply for with Jacaranda:
Small loans no credit check
What credit score do you need to get a small personal loan?
Unfortunately, we’re unable to say because we assess every application on an individual basis. We will take your credit score in to account, but we prefer to put more focus on your current finances like your income and spending habits.
If you’re worried that your credit score will hold you back, you’ll be glad to know that we’ve helped thousands of Aussies with bad credit personal loans. So if you’ve got a credit score below 450, you could still be approved for a loan.
How much do your small loans cost?
The overall cost of your loan will depend on a few things. For instance, your credit score will impact the interest rate you receive from us, as well as whether or not your loan is secured. The amount you apply for and the repayment will also have an effect on the terms of your loan.
For general information on our rates and fees, visit our costs page.