Applying for a personal loan can be a tough decision. Which loans can I get? Which lender should I choose? How much would I have to repay? Jacaranda Finance offers easy personal loans for everyday Aussies who quickly need to improve their cash flow. We know life can be difficult sometimes, but we've got your back. We tell you everything you need to know about personal loans, income requirements, and repayments. And we'll even explain to you how to work out your estimated repayments upfront with a pay calculator.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
If you are unsure whether you're eligible, you can check if you qualify initially. This will not impact your credit score.
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
There are instances where our team may need to request further information or supporting documents from you. Don't worry, we will let you know exactly what we need and why we need that information from you.
When thinking about your income, two figures are important: your gross income and your net income. What's that you ask?
Your gross income is the money you earn before any additional expenses have been taken from your account. It equals your salary before tax.
Your net income is your take-home pay, the money you actually keep in your bank after subtracting tax, your health insurance, and contributions to a retirement fund.
Why is that important? If you want to make informed financial decisions, you should know how much money you have left over to spend each month. And it's not only important for you, but it is to us too! When you apply for a personal loan, among other things, we look at your net income to decide whether the loan is right for you or not. If you don't want to do the maths yourself, we recommend using a pay calculator to work out your loan repayments.
You will find many options if you simply type "Pay Calculator" into Google. Most pay calculators are free online tools to help you figure out how much money will end up on your account after taking out the additional expenses. Which additional expenses are we talking about?
Those calculations can be quite tricky but a pay calculator does all the hard work for you. You can find different ones online.
We've included a few links in case you are curious:
Yes, they do. We need to know that you will be able to repay your loan before we lend you money. Jacaranda Finance, however, is different from other traditional lenders. While we want to know your income, we won't make you fill out tons of paperwork. Instead, an online banking account with at least 90 days (3 months) of income history is enough. We are 100% online, therefore, you won't have to copy or fax bank statements and, in fact, we don't even accept them through email. Our security banking service will ensure that your data is safe. We connect to your account with a read-only-access for maximum safety.
We at Jacaranda believe that everyone should have access to personal finance. Therefore, we give everyone a fair go and encourage anyone to apply for a personal loan. We know every financial situation is different and sometimes, a bank statement just doesn't reflect your current situation right. We take that into consideration and assess carefully if our product suits your needs. Additionally, as responsible lenders, we are not going to approve of a loan if we don't think you can comfortably afford the repayments. If we can't offer a loan, we might recommend a different lender that would be a better match.
If you want to find out if you qualify for a personal loan, we just some basic information about you. This includes:
In short, we offer easy, same day loans from $3,000 - $25,000. It is our mission to provide Australians with quick cash solutions when they really need it. Our application is super-fast because we've developed back-end solutions to speed up the process. We won't waste your time when it matters the most. You will receive your result quickly while we make sure that our loan is a good fit for your personal situation.
We at Jacaranda Finance think traditional lending models are outdated. While traditional lenders struggle to capture your full financial situation, it's also hard for you to tell what will be leftover by the end of the month. That's where we jump in. We are your local lender for small, medium, and large personal loans that are fast, transparent, and 100% online. We believe in equal chances for everyone, therefore, we encourage everyone to apply.
Transparency is important to us, our products have no hidden fees, no early exit costs. You will know everything up front as it's clearly stated in your contract that we highly recommend reading before signing. If you want to get an idea up front, we recommend using a pay calculator to understand your take-home income.
Our loans are designed to be fast, fair, and, above all, affordable, with no hidden fees. See the table below for a quick guide to our charges, or visit our fees page to learn more. For detailed information about who our products are designed for, please review our Target Market Determinations.
Before you apply for a loan, we think it's important to review your budget and be certain that you can comfortably repay it.
Once you know what you can afford in your budget, use our three-step loan repayment calculator to estimate your repayments before you apply.
Ready to Apply? You can get started now.We Make Applying Easy
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
You do not qualify to apply if your sole source of income is Centrelink benefits.
We require the majority of your income to be paid by an employer. The income must be paid into your bank account on a consistent and regular basis. There may be scenarios where we need to conduct an employment check.
Your loan repayment will be determined by how much you borrow, how long the term is, and the fees and charges associated with the loan.
Use our loan repayment estimate calculator to get a guide on what your repayments could be.
Our customer service team is available during normal business hours. Visit our Contact Us page to see our business hours and the methods of contact for our customer service team.
You can also access our Better Credit app or online customer portal to manage your loan or submit a request to the customer service team.
Then don’t wait any longer! You can apply online at any time of the day, 24 hours, 7 days a week. With Jacaranda Finance, you will have a pleasant experience, every single time. Our offers are completely transparent, no additional fees or hidden costs will be added at any time.
$3,000 - $25,000
