Home > Small Loans For Small Hurdles
What do you do when life throws curve balls? Sometimes you’ll have the resources to hit them out of the park. Other times you won’t know where to turn. Jacaranda’s small loans are perfect for when you need a cash pick-me-up before your next payday.
Jacaranda Finance provides personal loans ranging from $300 to $10,000. You can apply for these loans for a variety of different reasons. Whether you need small loans to cover an unusually large bill or a large personal loan for an extravagant purchase. Our online application could take you just a few minutes to complete and we could get back to you with an outcome in just 60-minutes*! Not convinced yet? Read on to find out if you’re eligible and how to apply.
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.
A small loan is a cash advance between $300 and $2,000. They are usually repaid within a period of up to 12 months (depending on the lender), and the application process takes just a few minutes. 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:
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.
They are short-term personal loans that you can apply for to cover any personal expense that you may need help with, in the lead up to your payday. Typically, these little loans are unsecured and can range from $300 up to $2,000 with a repayment period of 12-months. Our small loans range from $300 to $2,000 and are repaid over a 12-month period.
At Jacaranda, we offer three types of personal loans: small personal loans and medium and large . The three types vary slightly in terms of the features they offer and the requirements needed to qualify for the loans. The table below gives a breakdown of these details.
|Loan Type||Security Options||Loan amount||Loan term|
|Small Loan||Unsecured||$300 to $2,000||12 months|
|Medium Loan||Secured||$2,100 to $4,600||13 to 24 months|
|Large Loan||Secured||$5,000 to $10,000||13 to 24 months|
To find out more about personal loans interest rates and fees, head to our costs page. In addition, check out the Moneysmart website which contains useful info about the permissible fees and charges for loans.
To get small cash loans all you need to do is head to our website and fill out our online application form. Just meet our eligibility requirements and provide the required information and you should have no problem applying for quick loans with us.
You won’t have to jump through hoops to apply for one of Jacaranda’s online personal loans. To apply, we have a few simple steps you’ll need to follow. These are:
To begin your application, scroll up to the top of this page to find our loan calculator. Using the slider, select the amount you’d like to borrow and the repayment period and click ‘Apply Now!’
You’ll then be taken to our 100% online application form. You’ll need to fill out the required details and provide documentation. This step usually only takes people a few minutes to complete. Once you’re done hit ‘Submit.’
If you’re having any trouble with any of these steps, please don’t hesitate to get in touch with our customer service team. Although we cannot accept applications over the phone, we can answer any questions or queries you have.
Once we’ve received your application, our assessment team will get to work. They’ll assess whether you can comfortably afford the repayments on your desired loan. If they don’t require any additional information, you could get an outcome in as little as 60-minutes.*
If you’ve been approved for a loan, congrats! Our team will then send over a loan contract for you to review and sign. We recommend thoroughly reading your contract to make yourself aware of any fees or charges for late or missed payments. E-sign the contract once you’re happy to proceed.
Once we’ve received your signed copy of your loan contract, a member of our team will transfer your funds directly to you. If you have an NPP-enabled bank account, you could have the cash in your account in 60-seconds or less!
There are several reasons why people borrow small personal loans. Sometimes it’s to pay for an emergency expense and other times little loans can simply help to enhance your quality of life! Here is a list of some of the ways a loan could help you create unforgettable experiences:
Popular music festivals can be great fun, but sometimes tickets sell out fast. If you can’t wait until your payday and don’t want to miss out, a loan can help you pay for the tickets.</p
They say that life begins at the end of your comfort zone. Whether you want to take the overseas trip of a lifetime or just need extra cash to book accommodation on the coast, a small loan can help you to take the leap and go on your next adventure.
If you’ve got a great idea but need a bit of capital to get your business off the ground, quick loans could get you the funding you need.
Is it your 30, 40th, or 50th? Maybe it’s your child’s 18th? If you want to have a great celebration on your birthday, loans can be just the thing to make your party dreams a reality.
Your wedding is your special day. But it’s certainly no secret that they’re expensive!
Therefore, a small loan can be the tool to help you make it the special day you’ve always dreamed of.
Sometimes it’s worth giving a room a face-lift! Thus, not only can you enjoy the place more, but you can increase the future resale value of your house.
If you’ve always wanted to own the ultimate toy to have fun with on the weekend, small loans can be just the thing you need. Whether you want to own a motorbike, scooter, jet ski, quad bike, kayak or paddle board, get a small loan to make it happen.
If there is a skill you’ve always wanted to learn whether professional or hobby related, why not immerse yourself in a course. Sometimes courses can be expensive, and loans could help to pay for these costs.
While the application for small cash loans is simple, there are a few requirements that you’ll need to meet to qualify. To be eligible to apply for Jacaranda small personal loans you need to:
If you meet our eligibility requirements, next you’ll need to make sure you have all the required documents to submit an application. We recommend having the following details handy before you start the application and you’ll breeze through it. Some information required to assess your application includes:
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.
There are a variety of reasons people need to apply for small personal loans. Here are some of the common reasons:
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.
Your credit score is a numerical representation of the information in your credit report. Your score generally lies on a scale between 0 and 1200 (depending on the credit agency) and describes your history with credit.
The higher the value the better your credit rating is. If your credit rating is anywhere below 620, it is considered bad. Therefore, the credit rating reflects the information contained in your credit report, which includes the following details:
If you’ve got a small business that is a sole prop, 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:
Yes, we can provide loans to people who receive Centrelink benefits! You need to be receiving Centrelink income payments and provide us with your Centrelink MyGov statement. However, it’s important to note that we can’t guarantee approval for Centrelink recipients. We assess everyone on a case by case basis and we will never lend anyone who cannot comfortably afford the loan repayments. We take our duty as responsible lenders very seriously.
If your loan application is rejected there may be several reasons as to why. Below we’ve listed some of the reasons your small loan application may not have been accepted:
If you are applying for small loans and are concerned about whether or not you’ll be approved, there are ways you can increase your chances of approval. As a guide, we have noted some things down that your could look into doing:
So, there you have it – all you need to know about borrowing money. If you need a small loan you know where to go. Whether it’s small loans for bills or small loans for a relaxing getaway, we can try and offer you the loan you need. Even if you need a quick cash loan for unexpected expenses, or even to fund those life experiences that just make life worth living. The Jacaranda easy loan application process makes us your go-to for loans! Sound good? Then why not go ahead and apply. Scroll up to the top of this page to begin your application.
Want to know more? Find out how you could get a poor credit loan with Jacaranda.
*If you apply during business hours and we don’t require any additional information from you
Calculate your mortgage repayments with a home loan calculator.
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.