If it’s time to spruce up your home, a renovation loan could give you the boost you need.
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A renovation project can be a big expense to take on. According to Suncorp, average renovation costs can vary from $60,000 to $70,000. It’s no wonder that people might put off their home renovation plans! If you’ve been avoiding your home renovations for too long, you might want to consider a home renovation loan.
Jacaranda Finance provides quick and easy personal loans for home renovations. Our personal loans range from $1,000 to $15,000. So, no matter if the job is big or small, a loan from Jacaranda Finance can get you started.
We are one of the fastest online lenders in Australia. In general, we process our loans within 60-minutes* (if applied for within our business hours). If you have an NPP-enabled bank account (which is 90% of bank accounts), you could have your cash in 60-seconds** from approval. When you need a fast cash loan, turn to Jacaranda Finance.
We offer three types of renovation loans: small loans, medium loans, and large loans.
We've won numerous awards for our state-of-the-art technology. We have created one of Australia's smartest, 100% online application processes to make applying for a loan quick and easy. We use technology to understand your personal financial position, and we don't just judge your credit score, which is why we're able to help more customers that apply with us.
The 100% online application can be completed in minutes, and will ask you questions about your personal situation as well as automatically request access to read-only copies of your bank statements. 90% of applications have an outcome at the end of the process. The rest of the applicants typically have an outcome within 60-minutes during normal business hours.
All of our teams are based in Australia to help Australians. We have one of the best customer service reputations in Australia, which is backed up by our reviews on every review platform. We're almost 10 years old and we've been family owned since the beginning. We value good old-fashioned values and we are committed to giving our customers the best experience possible.
For most clients who have NPP-enabled bank accounts (which is 90% of bank accounts), the funds will be available and ready to use in your bank account within 60-seconds of accepting your contract. If you do not have an NPP-enabled bank, you will receive your funds overnight on the day you are approved.
While our loan processing times are always fast, there are things you can do to ensure you get the fastest outcome possible.
You can complete your application in three easy steps:
In order to process your application, we must receive copies of the following supporting documents and information.
We can only transfer your funds when we have received your signed loan contract. To ensure you receive your funds as fast as possible, please ensure you send your signed contract through to us during our business hours. Otherwise, your request will be processed first thing the next business day.
If we need more information to complete your application, please ensure you’re contactable. We won’t be able to complete your application until we receive all the documentation we need from you.
Reviews current as of June, 2021.
To qualify for a loan with Jacaranda you must:
To apply online with Jacaranda, we will need these from you:
To find out whether you’re eligible for a home renovation loan, please ensure that you meet the following criteria. You must:
Before entering into a loan agreement, you can obtain a product disclosure statement called a credit guide with all fees and charges outlined. In addition, your loan contract will include all fees and charges that are applicable to your loan. There are no hidden fees or charges — everything will be made clear to you. If you have any questions, you can always contact our customer service team.
Once you submit your application, our AI engine will extract read-only copies of your bank statements for our loan assessors to use. In addition, our team conducts a credit check and verifies your current financial situation. Once we’ve done all this, we can decide whether to approve your loan. If approved, we will send you a copy of your loan contract to sign. When we have received your contract, we will transfer your funds straight into your bank account.
Yes! We are inclusive lenders, which means that we look at factors other than your credit score when deciding whether a loan product is suitable for you. If we find that you can manage your loan repayments, even with a bad credit score, we could approve your bad credit loan application.
Yes, we will. At Jacaranda Finance, we are committed to responsible lending. In line with ASIC’s responsible lending obligations, we conduct credit checks on every loan application we receive. However, since we are inclusive lenders, we will look at other factors than just your credit score when assessing your application.
* If applied within our standard business hours. 60-minute outcomes are not guaranteed.
** If you have an NPP-enabled bank account.
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.