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Cash Loans WA
Personal Loans up to $10,000
Money in your bank account and ready to use in 60 seconds once approved*(1)
Need cash fast?
If you have been caught off-guard by an unexpected expense, there is no need to stress trying to source money out of nowhere. Jacaranda Finance specialises in fast cash loans WA; we are the first lender in Australia to offer a 60-second payout for when you need money now. If you apply within our business hours, we could provide you with a loan outcome within the hour. When you need cash loans Perth, Jacaranda can lend a hand.
What are fast cash loans WA?
Jacaranda offers personal loans from $300 to $10,000. We offer competitive and flexible terms to suit your needs.
Each of these loan options come with different fees and charges. For more information about our costs, refer to our interest rates page.
What can I use WA cash loans for?
If you are unsure what you can use your personal loan to cover, these are some of the reasons people have taken out same day cash loans with us.
- Unexpected bills
- Wedding loans
- Solar panel loans
- Swimming pool loans
- Holiday loans
- Dental loans
- Rent arrears loans
- Bond loans WA
How do I apply?
Applying for a quick loan with Jacaranda is straightforward and easy. We are an online lender, which means that we handle all of our applications online. Simply use our loan slider to select how much you wish to borrow and complete the rest of our online application form. Follow these simple steps to be on your way to managing your bills and debts:
Step 1: Apply for your personal loan
Step 2: We assess your application
Step 3: We let you know whether you were successful in your application
Step 4: If you were approved, review and sign your contract
Step 5: Receive your money
It takes a few minutes to complete your application and, if you apply within our business hours, we may get back to you with an outcome in 60 minutes. We will conduct a thorough assessment of your application to ensure that a loan is financially manageable for you. Personal loans with Jacaranda are as close to instant loans that you can find!
Am I eligible?
Ready to apply? Before you do, please ensure that you meet our eligibility criteria. All of our applicants must meet all of our requirements to be approved:
- You are at least 18 years old
- You are an Australian citizen or Australian permanent resident
- You have had consistent income into your bank account for the last 90 days
- You have an email address and mobile number
- You have internet banking set up
So that our team can provide you with your cash as fast as possible, please ensure that you have these documents ready when you apply.
- 100 points of identification
- Your basic personal information (name, D.O.B, address etc.)
- Online banking login details (so we can access read-only copies of your bank statements)
- The reason for your loan application
- Your myGov details (if you receive Centrelink benefits)
I’m on Centrelink, can I apply for cash loans Perth WA?
If you currently receive government benefits, we may still be able to provide you with a personal loan for Centrelink customers. We consider most forms of Centrelink income a regular income. In our assessment, the important thing to us is whether you have the means to repay your loan, not whether you are receiving Centrelink or not. As long as you have been receiving your payments for the last 90 days and meet the rest of our eligibility criteria, we may be able to provide you with a personal loan.
Cash loans WA for bad credit
Bad credit history can make borrowing money difficult. Traditional lenders like banks and credit unions will often decline any applicant with bad credit. Jacaranda Finance is an alternative lender, which means that we can be more lenient with our credit requirements. We provide bad credit loans to people that have improved their relationship with money, even if this is not reflected in your credit score. We use an online bank statement service to look at read-only copies of your bank statements. We will focus on your current financial commitments, income and spending habits to assess whether a personal loan is going to be manageable.
All of our applications are subject to a thorough assessment. We will never lend a person money that they will be unable to repay. We follow the responsible lending obligations set by ASIC to protect borrowers and lenders from incurring debts that are unpayable.
How much can I apply for?
You can apply for any amount between $300 and $10,000. Your repayment terms will depend on how much you wish to borrow. If you apply for more than $2,000, you will need to secure your loan with an asset. This is because there is more risk involved for the lender when the loan amount exceeds this amount.
How do I repay my loan?
Your repayments will be set up via direct debt. These payments will be in line with your current pay cycle. Your payments will be debited until your loan has been repaid in full, at which time your payments will stop.
What are the fees and charges?
The fees on our personal loans will depend on a few factors, mainly how much you are borrowing and what your current financial situation is. The three types of loans we offer each come with their own fees and charges; these will be clearly outlined in your contract. If you have a poor credit score, you will likely be offered a higher interest rate or monthly fees.
Do you charge early exit fees?
At Jacaranda Finance, we do not charge early settlement fees. If you can repay your loan before your agreed loan period, you are free to do so. This could save you money on monthly fees and interest.
4 tips to improve your credit score
If you have a poor credit score, your borrowing options will be more limited. You will likely only find loans with higher interest and other fees as lending money to you is considered more ‘risky’ than lending to borrowers with good credit. If you are looking to borrow money in the future and would like to avoid paying extra in interest and fees, there are ways to build your credit score.
Check your credit score
The first and easiest thing you can do to potentially improve your credit score is checking your credit report. You can access a free copy from any of the major credit bureaus, including Equifax and Experian. Check your credit report for any mistakes or inaccuracies (these are quite common) and contact the credit bureau to amend these immediately.
Manage your current debts
If you currently have outstanding credit card debt or existing loans, ensure that you are paying your repayments on time. If you are finding it difficult to manage all of your debts, consider a consolidation loan which you can use to bring off all your loans and debt so you can focus on one simple repayment. . If you make your payments on time, avoiding defaults and late payments, this will assist your credit score.
Avoid borrowing until you are out of debt
Generally speaking, the more money you currently owe to lenders, the less likely you are going to get approved for additional financial support. If you are currently struggling to manage all of your debt, try to pay off some of your outstanding debts before applying for another loan. Paying off all of your debts will positively impact your credit score, as it shows that you are a reliable borrower.
Don’t make multiple enquiries
If you apply for multiple loans in close succession, this will negatively impact your credit. This is because, for each of the applications you submit, the lender will conduct a ‘hard inquiry’ which shows up on your credit report. If you have multiple hard inquiries on your report in a short time, this indicates to lenders that you are in financial hardship and will reflect poorly in your credit.