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Quick Cash Loans Australia

Personal Loans up to $15,000

Money in your bank account and ready to use in 60 seconds once approved*(1)

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Apply in less than 8 minutes

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Apply in less than 8 minutes

Quick and easy cash loans up to $15,000

Are you in need of cash quickly? Quick cash loans are a type of finance that allows you to access money fast without hassle. Customers can apply for up to $15,000 in just a few minutes and could have their loan outcome within the hour*. 

Unexpected expenses can leave anyone in an uncomfortable financial position. Sometimes, a quick cash fix can alleviate the stress of sourcing money with limited notice. We offer online cash loans from $1,000 to $15,000 with flexible repayment terms up to 36 months (depending on how much you borrow). This is so that you can pay back your loan in a comfortable period of time.

What are quick cash loans?

Quick cash loans are a form of personal loan offered completely online with lightning-fast processing times. Technology has transformed the way people access credit. You no longer have to wait days or weeks to get the funds you need. Quick cash loans provide a hassle-free and streamlined solution to your credit needs. 

All you need to do is select how much you wish to borrow and the period over which you would like to repay it. We have three types of quick cash loans online: small loans, medium loans and large loans. You can borrow any amount from $1,000 to $15,000 and fall within one of these three categories. Your repayment periods will depend on how much you are borrowing. 

How quick are your cash loans?

As quick as they come! Our processing times are speedy and we are proud to be Australia’s first online lender to offer 60-second payouts. While we are unable to offer instant loans, you could get the funds you’re after in just a few hours. 

If you apply within our business hours, we could get back to you within 60 minutes*. If your application is approved, we will send you a copy of your contract. Once we have received this back, we will transfer your funds straight to your bank account. Depending on which bank you are with, you could have your money ready to use within 60 seconds**. 

Quick cash loan options 

If you’re looking to borrow money quickly, we can offer three different types of cash loans for you to choose from: 

Small personal loans

Our small personal loans are quick cash loans between $1,000 to $2,000 which you can repay over a 12 month period. This loan type is unsecured, which means we don’t require an asset to secure the loan. 

Medium secured personal loans

With our mid-range loans, you can borrow between $2,100 and $4,600 that you repay over 13 to 36 months. These types of secured loans require an asset (e.g. car, boat, caravan or motorbike) to secure the loan. It serves as a security for us if you become unable to repay the loan.  

Large secured personal loan

With our large loans, you can borrow between $5,000 and $15,000 to be repaid over a period between 13 and 36 months. Larger sums of money also require a vehicle to be offered as security. 

Loan Type Secured Options Loan amount Loan term
Small Loan Unsecured $1,000 to $2,000 12 months
Medium Loan Secured $2,100 to $4,600 13 to 36 months
Large Loan Secured $5,000 to $15,000 13 to 36 months

To find out more about fees and charges refer to our personal loans interest rates page or use our loan slider

Basic eligibility requirements for quick cash loans online

Not sure whether you are eligible to apply for a quick cash loan with Jacaranda? We have a few eligibility criteria all of our applicants must meet. Please ensure that you can say ‘yes’ to the following requirements prior to applying.

  • You are at least 18 years old
  • You are an Australian citizen or Permanent Resident
  • You have had a 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

Documents required

In order to fast track our team’s processing time, please make sure you have all of these documents handy when you apply for a quick cash loan with us.

  • 100 points of identification
  • Your basic personal information (name, D.O.B, address etc.)
  • Online banking login details 
  • The reason for your loan application
  • Your myGov details (if you receive Centrelink benefits)  

Quick cash loans on Centrelink

Are you in need of some extra money while receiving Centrelink benefits? We consider most Centrelink income as regular income in our assessment process. We are more focused on whether you can afford your loan repayments, not if you are on government benefits. As long as you have been receiving your Centrelink 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 for Centrelink customers

We look beyond your credit score

Bad credit is not a deal-breaker with Jacaranda; we offer cash loans for bad credit. Traditional lenders often see a poor credit score and look no further. At Jacaranda, we like to take a more inclusive approach to lending. We believe that if your relationship with money has improved, this is what is important. When assessing your application we will view your credit report as well as various other factors such as your income, financial commitments and living expenses. 

The Comprehensive Credit Reporting (CCR) has changed the way credit providers view borrowers’ credit reports. Previously credit reports contained only defaults and missed payments which usually had a poor reflection on someone’s creditworthiness. The new comprehensive credit report now additionally shows someones positive efforts to pay off existing credit accounts. This gives us a more complete picture of your financial situation. So, while you may have a poor credit score as a result of past financial mistakes, you could still be approved for quick cash loans with Jacaranda. 

FAQs

Can I get a quick cash loan online?

Yes, Jacaranda Finance offers quick personal loans online from $1,000 to $15,000. You’ll just need a computer or smart device and an internet connection to apply. We could have your loan outcome within the hour if you apply within our business hours. 

Do you offer quick cash loans for single mothers? 

Yes! As long as you can afford your repayments and you meet our eligibility criteria, we can offer quick cash loans for single mothers. We understand that sometimes, caring for children on one income can be difficult. We aim to provide loan outcomes as fast as possible so that you can continue to manage as a single parent.

Do you conduct credit checks? 

We are required by law to conduct credit checks on all of our loan applications. However, we offer loans for bad credit. So, even with a poor credit score, if your relationship with money has improved, we may be able to provide you with a loan.

What are the costs of a quick cash loan? 

The fees and charges associated with your loan will depend on a few factors. Interest rates will vary depending on your current credit score. If you currently have bad credit, it is likely you will pay more in interest charges. If your credit is good to excellent, we can offer you better interest rates. If you have further questions about our fees and charges, refer to our personal loans interest rates page. 

How do I make repayments? 

We will set up a direct debit in line with your pay cycle. Your repayments will automatically come out of your account on this selected day. When your loan has been paid off in full, the repayments will stop.

What if I miss a repayment? 

If you miss a repayment, you will be charged additional fees on your loan. If you are aware that you may miss a repayment, please contact us at least 24 hours before the payment is due so that we can try to find a solution. 

Guide to Quick Cash Loans

Questions to ask before getting a quick cash loan

Taking on a personal loan is a big commitment. Once you have signed your contract, you are legally bound to all of its terms and conditions. Before taking on a quick cash loan, ask yourself the following questions:

Can I afford to make the repayments?

If you cannot realistically afford your loan repayments, you will not be approved for a loan. Any reputable lender will conduct a thorough financial assessment before approving your application. If it is clear that you will be unable to repay your loan, your application will be unsuccessful. Ensure that you apply for an amount that is realistic, affordable and not going to create further financial distress and hardship. 

How will this affect my credit rating?

Applying for multiple loans can have a negative impact on your credit score. Each time you apply for a loan, a hard enquiry is created on your credit report. Several of these can cause a dip in your credit score. Therefore, it’s important to do your research and only apply for a loan if it’s affordable and manageable for you. 

Is this the right time for me to borrow money?

Ask yourself, ‘what is the purpose of my loan?’ If you currently have outstanding debts, credit cards or financial commitments that will make borrowing money difficult to manage, is now the right time? It may be worth considering borrowing money when you are in a better position to repay your loan. This will save the stress of defaulting or missing any payments, which will negatively impact your credit score.

How to manage a quick loan

Managing a quick loan is imperative to ensure that you do not incur further debt. There are a few things you can prioritise to ensure that you effectively manage your quick loan. 

Make extra payments when you can

If it is manageable, you can consider making extra repayments on your quick cash loan. This will reduce the life of your loan, which will result in less interest and monthly fees over time. Some lenders may charge you early repayment fees, however, Jacaranda is not one of those lenders. If you are in the position to make extra payments other than your regularly scheduled repayments, you are welcome to do so.

Consolidate any additional loans

Managing one loan can be difficult enough, let alone multiple. If you have several outstanding loans, it may be worth considering a consolidation loan. Consolidating your loans refers to getting a loan to pay off your outstanding debts. This can reduce stress and clutter by reducing your multiple loans with different interest rates into one simple repayment. 

Be careful of unnecessary expenses

Online shopping makes incurring unnecessary expenses far too easy. If you are currently repaying a loan, it may be wise to empty your shopping cart until you are in a better financial position. Avoiding unnecessary costs minimises the chances of defaulting on your loan repayments and, therefore, can help you manage your loan more effectively.

Tech-driven approach to online lending

So, why Jacaranda Finance? We take a tech-driven approach to lending. We are a 100% online lender, which means that from application to approval, everything is done completely online. There is no paperwork; all the information we require from you is submitted electronically. We use advanced data technology that enables us to assess each application extremely fast. We are the first lender in Australia to offer 60-second payouts – we are industry leaders! As a fintech company, we are always trying to push the envelope and find ways to make the lending process as fast and smooth as possible.  

Alternative to quick cash loans online 

Jacaranda Finance complies with all rules, laws, regulations and restrictions as stated by the Australian Federal Government that are applicable within Australia. In compliance with these, Jacaranda is required to provide all prospective and current borrowers with other credit options that are available within Australia other than our quick cash loans. When considering a quick cash loan, consider whether you can afford the repayments outlined and if other financial options may be more suited. 

Some cheaper alternatives may include:

  • Negotiating with your utility provider (many employ hardship officers)
  • If you are from a low-income household, you may qualify for the no interest loan scheme (NILS) or a low-interest loan
  • If you receive Centrelink benefits, you may be eligible for an advance payment

*If you apply within our business hours.

**If you have an NPP-enabled bank account.

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Reviews current as of June, 2021.

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Our low rates

💰 Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

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We never charge early repayment or exit fees.

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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.