Discover Jacaranda Finance

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$300 $10000
$2000
Adjust the above slider to your desired loan amount
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Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

Loans from $2100 to $10,000 require a car, motorbike, boat or caravan to be provided as security. If you cannot provide security, please apply for $2000 or less.

The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on our loans between $300 and $2000 is 199.43%. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Click here to see a worked example.

The Interest Rate for Secured Medium Loans is 48%. Maximum Comparison Rate is 67.41% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Click here to see a worked example.

The Interest Rate for Secured Large Amount Loans is 21.24%. Maximum Comparison Rate is 48% p.a. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Click here to see a worked example.

Spruce Up Your Space With A Renovation Loan

renovation loan

Add some excitement to your home with a renovation loan from Jacaranda Finance!

As humans, we are almost genetically programmed to freak out whenever big changes occur. However, sometimes we need a little change to keep things from getting a bit same, same. We’ve got to mix up the monotony somehow. So, if you’re not keen on changing jobs, moving house or going on an ‘eat, pray, love’ type of journey, then why not start small? Why not renovate?

To renovate something means to renew or refresh it to a nicer state. So, instead of going deep and renovating the innermost workings of your life, sometimes it helps just to renovate your home! If you’re in need of some kind of change in your life but your natural human fears are holding you back, pick up a paintbrush and a hard hat and get to work sprucing up your home.

We offer awesome home renovation loans that will give you the kickstart you need to redesign and rebuild your humble abode.

how it works question

What is a renovation loan?

A renovation loan from Jacaranda Finance is simply a personal loan. It is used for the purpose of sprucing up your home. Our home renovation loans go up to $10,000. This is the perfect amount to add some small yet effective touches to your living space.

At Jacaranda Finance, you can apply for three types of home renovation loans. Our first type of renovation loan ranges from $300 to $2,000. These are what we call small amount unsecured personal loans. These loans are repaid over a 12 month period. They are perfect for any smaller touches you want to make to your home. Maybe you want to redo the back garden or deck your place out with brand new artwork? Whatever small makeover you’re wanting to give your place, our small personal loans will help you do it!

We also offer medium and large renovation loan ranges between $2,001 and $10,000. These are repaid over a 13 to 24 month period. So, you’ll have plenty of breathing room to pay off a larger amount! Unlike our small personal loans, our medium and large secured personal loans do require you to attach an asset for security purposes. Generally, you would put forward your car, motorbike, caravan or boat as security. This will just make it a lot easier for you to get approved for credit of a larger amount.

how it works question

How do construction loans for renovation work?

When you apply for a renovation loan with Jacaranda Finance, you are applying with one of the leading loan experts in Australia. Our loan process is as fast and simple as they come. So, you’ll have more time to focus on the important things, like paint colours and light fittings. So, if you’re wondering how to do construction loans for renovation work with Jacaranda Finance, we’ll tell you how easy it is!

Our services are 100% online. So, all you have to do to apply is jump onto our website and you’re halfway done! Simply use our loans calculator at the top of the page to tell us how much you’re wanting to borrow. Then, use the drop-down menu to select your online cash loans repayment period. We’ll then tell you how much your renovation loan repayments will be. Once you’re happy, click the Apply Now button and we’ll take you to our simple application form. For the next few minutes (yep, that’s how quick it is) you’ll just need to fill out a few details and provide the necessary documentation and, voila, you’ve just applied for a Jacaranda Finance renovation loan!

Once you have submitted your application, it will only take us 60 short minutes to assess it and get back to you with an outcome. However, we’ll let you know within a couple of minutes of submitting your application if we’re able to make an offer or not. If you are conditionally approved, sit back and relax for the next 60 minutes. We’ll be busy put together the most suitable offer for you.

how it works question

How do construction loans for renovation work once I am approved?

If you have just been approved for a renovation loan with Jacaranda Finance, congratulations and welcome to the family! Someone from our team will be in touch shortly and, provided we don’t require any additional information, we’ll have your loan contract sent to you in no time at all.

Your contract is electronic. So, all you need to do is sign it on your computer, smartphone or tablet and then send it back to us. As soon as we see your signed contract in our inbox, we’ll transfer your renovation loan to you. Most of our clients will see their funds reflect in their nominated bank account within a couple of hours. However, it does depend on the bank you are with and what time of day you have applied. If you haven’t received your loan within 24 hours of the next business day, we suggest getting in touch with your bank.

It’s also good to keep in mind that, if you apply for your renovation loan outside of business hours, it will take us a little longer to assess it. However, you can still apply for home renovations loans at any time of the day or night. Your application will be one of the first ones we look at when we’re back in the office and you should have a response from us within the first 2 hours of that business day. Once you have received your funds you can get to work beautifying your home!

how it works question

What are your renovation loan rates?

We have designed our home renovation loans to be as easy and affordable as possible. We understand that life is full of expenses. That’s why we’ve set realistic and manageable repayment periods for you to pay back your renovation loan with breaking a sweat.

The renovation loan rates for our 2 types of loans do vary a little. If you’re applying for one of our small personal loans between $300 and $2,000 you can expect to pay:

If it’s a medium secured personal loan you are applying for, the fees include:

If it’s a large secured personal loan you are applying for, the fees include:

For more information on standard renovation loan rates, check out MoneySmart.

how it works question

How do your renovation loan rates payments work?

Our repayment process is just as quick and simple as our application process. After you’ve been approved for your renovation loan, someone from our team will get in touch to go over your payment details. We’ll ask you to select a specific day either weekly, fortnightly or monthly in which you’d like your payments to come out. We suggest setting this day to match your pay cycle to ensure you’re never leaving yourself short. For example, if you get paid on Thursday every fortnight, perhaps set your payment day on Friday every fortnight?

We also like to assure you that you will not be charged anything before you actually receive your loan. Our number one priority is getting your money to you, not the other way around. Your repayments will only start on your next payday. Therefore, if you’ve chosen to make monthly payments, you could have a few weeks before you need to start paying anything back!

We’ll also organize for your repayments to be directly debited from your account on your nominated day for the life of your loan. You won’t ever have to worry about setting reminders or risking forgetting to make a payment. It will all be automatic. So, the only thing you need to do is make sure you’ve got the dollars in your account to make each payment.

how it works question

What happens if I can’t make one of my renovation loan repayments?

If you’re doing it tough one week and your bank account is suffering because of it, don’t stress! You’ll just need to give us a call as soon as possible and let us know about the change in your situation. As long as we know about your situation before we go to take a payment, it’s likely we will be able to make adjustments that suit your current bank balance a little better.

However, if you fail to let us know and we do go to deduct the payment from your account and it fails, you could be charged a dishonour fee of $35. More fees are the last thing you need when you’re already hiking steadily up struggle street!

The good news is that, if you have made your way off struggle street and you’re turning onto the high-rolling highway and you’re wanting to leave your renovation loan debt behind, it won’t cost you a thing to pay your loan out early! In fact, you’ll end up saving money on interest and other monthly fees!

how it works question

Do you offer a home loan that includes renovation?

At the moment, we are purely specializing in small, medium and large short-term home renovation loans. If you’re wanting to make a few minor changes to your space or you’re just needing a few extra dollars to add to your renovation fund, our loans are perfect for you! Of course, it is always best to try and save up for these things. However, if you’ve come home from work one and day you’ve finally snapped at the site of your spotty white walls and ancient stained curtains, emergency cash loans might be in order.

Then, on the other hand, if you’ve saved up to do a massive revamp of your abode and you either run out of cash towards the end or an unexpected expense pops up, a personal loan from Jacaranda Finance is perfect for that! Therefore, if you’re after a home loan that includes renovation, we can definitely help you with the renovation part!

how it works question

Can I get a renovation loan with bad credit?

Yes, you can get a renovation loan even if you have bad credit! We’re all about giving everyone a fair go! Therefore, while we do conduct credit checks, our application process is designed to account for the bigger picture. We prefer to put more focus on your current income, spending habits and overall relationship with money rather than your past mistakes. A black mark on your credit file can stay there for up to 5 years. As a FinTech company, 5 years to us is ancient history!

Therefore, as long as you have had a consistent income for the last 3 months (Centrelink payments included) we’ll happily consider you for one of our home renovation loans. The basic eligibility requirements you need to meet to be eligible for a renovation loan include:

If that sounds like you, we would love for you to apply for a renovation loan with us, bad credit and all! Even if you are receiving Centrelink, you might still be eligible! Go ahead and apply and we’ll always do our best to try and help you in any way we can.

Are you ready to get creative?

Now that we’ve filled you in on our awesome home renovation loans, it’s time to get creative! Go out and pick your paint colour or your new furniture and get started on your awesome home revamp! If you have any more questions about applying for a renovation loan, head to our FAQ page. Otherwise, shoot us a message via our website or Facebook page as we’re always happy to answer your questions!

Example of how our small personal loans work

Loan amount

$300 minimum
$2,000 maximum

Costs

Up to 20% Establishment Fee + monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest.

The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Terms

12
months

Example:

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

Example of how our medium secured personal loans work

Loan amount

$2,100 minimum
$4,600 maximum

Costs

Annual Percentage Rate (APR) is 48% Comparison rate is 67.41% P.A.

This comparison rate is based on a Jacaranda Secured Medium Loan for an amount of $2500 over 2 years and a $400 establishment fee. Fees and charges are payable.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.

For more information about the allowable fees and charges for SACCs & MACCs visit the MoneySmart website.

Example of how our large personal loans work

Loan amount

$5,000 minimum
$10,000 maximum

Costs

ANNUAL PERCENTAGE RATE (APR) IS 21.24% Comparison Rate is 48% P.A.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

Terms

13
months minumum
24
months maximum

Example:

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.

What our clients say

Spruce Up Your Space With A Renovation Loan Overall rating: 4.7 out of 5 based on 148 reviews.

Great easy application

★★★★★
5 5 1
Very fast easy to apply thank you so much