Personal Loan Income Information

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.

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Check If You Qualify

With no impact on your credit score!

Check If You Qualify with no impact on your credit score!

*Subject to lending criteria, T's and C's'

*Subject to lending criteria, T's and C's'

A man applying for quick loan through his laptop

Am I eligible for a loan?

The basic eligibility criteria you must meet before submitting an application:
  • Be at least 19 years of age.
  • Be employed on a permanent or casual basis.
  • Have a consistent income going into your own bank account for the last 90 days.
  • Be in control of your finances and be handling existing financial commitments comfortably.
  • Be an Australian citizen or permanent resident with a fixed address.
  • Have an active email address, phone number, and online banking account in your name that belongs to you.

We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:

  • You are currently or recently bankrupt (you must be three years discharged and in control of your finances)
  • You are not comfortably repaying your existing financial obligations

Information you will need to provide:

  • Basic personal information (i.e. full name, address, D.O.B, employer, dependant number)
  • Online banking details

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.

A man applying for quick loan through his laptop

What is the difference between gross and net income?

What is the difference between gross and net income?

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.

How do you calculate your take-home income with a pay calculator?

How do you calculate your take-home income with a pay calculator?

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?

  • Tax
  • Medicare and other additional health insurance
  • Retirement savings (superannuation)

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:

PayCalculator

PayGCalculator

CalculatorsAustralia

Do personal loans require proof of income?

Do personal loans require proof of income?

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.

What is needed to qualify for a personal loan?

What is needed to qualify for a personal loan?

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:

  • Your personal details (including your name, date of birth and address);
  • The login details for your online banking account;
  • Your reason for applying;
  • Otherwise, we need details about your current workplace and relevant employment info.

How Jacaranda can help

How Jacaranda can help

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.

What personal loans does Jacaranda offer?

Jacaranda offers an Express Personal Loan, with loan amounts from $3,000 to $25,000. Our Express Personal Loan also has loan terms ranging from 25 months to 48 months With fixed repayments and both secured and unsecured loan options, our loans could be a great choice for you.  For detailed information about who our products are designed for, please review our Target Market Determinations.
Interest Rate
Comparison Rate
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Loan Term
Repayment Cycle
Secured or Unsecured
Show the What does it mean? modal
Establishment Fees
Show the What does it mean? modal
Monthly Fees
Show the What does it mean? modal
Risk Fee
Show the What does it mean? modal
Comparison Rate Warning*
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    32.40% to 42.80%
    Loan Term
    25 - 36 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or Unsecured
    Show the About Security modal
    Unsecured
    Establishment Fees
    Show the About Establishment Fees modal
    $130 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 p/month
    Risk Fee
    Show the About Risk Fee modal
    $0 to $995
    Comparison Rate Warning*
    Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. 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.
  • Secured
    Personal Loan
    $3,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    Comparison Rate
    Show the About Comparison Rate modal
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    Repayment Cycle
    Weekly, fortnightly or monthly
    Secured or Unsecured
    Show the About Security modal
    Secured
    Establishment Fees
    Show the About Establishment Fees modal
    $130 to $990
    Monthly Fees
    Show the About Monthly Fees modal
    $24 p/month
    Risk Fee
    Show the About Risk Fee modal
    $0 to $995
    Comparison Rate Warning*
    Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. 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.
This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.
Interest Rate Comparison Rate
Loan Term Secured or Unsecured
Monthly Fees Repayment Cycle
Establishment Fees Risk Fee
  • Unsecured
    Personal Loan
    $3,000 - $15,000
    Interest Rate
    17.95% to 27.95%
    17.95% to 27.95%
    Comparison Rate
    32.40% to 42.80%
    32.40% to 42.80%
    Loan Term
    25 - 36 months
    25 - 36 months
    Secured or Unsecured
    Unsecured
    Unsecured
    Monthly Fees
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    $130 to $990
    $130 to $990
    Risk Fee
    $0 to $995
    $0 to $995
    Comparison Rate Warning* Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. 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.
  • Secured
    Personal Loan
    $3,000 - $25,000
    Interest Rate
    14.95% to 27.95%
    14.95% to 27.95%
    Comparison Rate
    29.30% to 42.80%
    29.30% to 42.80%
    Loan Term
    25 - 48 months
    25 - 48 months
    Secured or Unsecured
    Secured
    Secured
    Monthly Fees
    $24 p/month
    $24 p/month
    Repayment Cycle
    Weekly, fortnightly or monthly
    Weekly, fortnightly or monthly
    Establishment Fees
    $130 to $990
    $130 to $990
    Risk Fee
    $0 to $995
    $0 to $995
    Comparison Rate Warning*
    (Personal Loans)
    Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. 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.
    Comparison Rate Warning* Comparison Rate Warning: the comparison rate is based on $10,000 over 36 months. 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.
THE APPLICATION PROCESS

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.

Frequently Asked Questions

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.

Check if you qualify without impacting your credit score.

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 FastMoney app or online customer portal to manage your loan or submit a request to the customer service team.

Ready to apply?

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.

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We're here to help

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Our customer service team are here to help.

If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.