Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid 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 with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months.

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. Let’s go!

Am I eligible for a loan?

A personal loan can be a quick and easy way to manage financial pressure but it is sometimes hard to know if you fulfil the requirements to apply. As responsible lenders, we have a set of criteria requirements that our applicants must meet to be eligible for a loan.

If you are after fast cash, our personal loans might be a great fit. Simply apply online and you can get a response within 60 minutes2 (if you apply within AEST business hours). We encourage anyone to apply for our personal loan services. However, successful applicants have to fulfil certain requirements to be considered. You can apply for a personal loan if you:

  • Are at least 18 years old;
  • Have Australian citizenship or permanent residency;
  • Receive a regular income with at least 90 days of history;
  • Have an active mobile phone number.

That’s it. If you tick all these boxes, don’t be shy and fill in the application form.

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?

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?

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?

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;
  • If you receive Centrelink or other Government benefits, we need your MyGov details;
  • Otherwise, we need details about your current workplace and relevant employment info.

How Jacaranda can help

In short, we offer easy, same day loans from $2,500 – $15,000. 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?

We don’t do package deals, our loans are individually tailored to your financial needs. Before we approve any loan, we assess if it is suitable for your current financial situation and whether you can comfortably afford the repayments. Our loans differ in terms according to their size. Here’s a list of the types of loans we offer:

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Medium Personal Loans

Our medium personal loans range between $2,500 and $4,600. They are secured loans, which means security must be attached to them. Accepted items of security could be a car, caravan, motorbike, or boat. Medium personal loans can be repaid over a period of 9 to 24 months.

Loan type: Secured and Unsecured
Loan amount: $2,500 to $4,600
Loan term: 9 to 24 months

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Large Personal Loans

If you’ve got a big project coming up, this loan is for you. A large personal loan ranges from $5,000 to $15,000 and can be repaid over a period of 9 to 24 months. Like our medium personal loans, it is necessary to provide security against our large loans.

Loan type: Secured and Unsecured
Loan amount: $5,000 to $15,000
Loan term: 9 to 24 months

How to apply for a personal loan?

Our application process is fast, convenient, and easy-to-use. Most people submit their application within a few minutes. The form is 100% online, so we won’t require any hard copy of anything, meaning you can complete it from the comfort of your own living room.

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Step 1: Apply online

It’s quick, it’s easy, it’s online. Our application form is simple and only asks for the required information to assess if you’re eligible for a personal loan. Once submitted, we will let you know if we need any additional information. Of course, you can apply 24/7, but getting a response might take until the next business day if you apply outside of business hours.

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Step 2: We assess your application

Once we’ve received your application, you can sit back and relax and leave the rest to us.

We’ve got an expert team of experienced lenders on hand that will assess your current financial situation and get in touch if needed. It is important for us to make sure the product is suitable for your needs. But it’s equally important that you can afford the repayments. We are responsible lenders and won’t lend you money you won’t be able to repay.

applications
Step 3: Sign your contract

Once your loan is approved, we’ll send over your contract for you to sign. We recommend thoroughly reading over the terms to make yourself aware of any fees or charges for late or missed payments. Once you’re happy with everything, sign the contract and send it back to us.

money
Step 4: Get your cash

Once we’ve received your contract, a member in our team will send you your cash. This can take as little as 60-seconds3.

iPhone
Step 1: Apply online

It’s quick, it’s easy, it’s online. Our application form is simple and only asks for the required information to assess if you’re eligible for a personal loan. Once submitted, we will let you know if we need any additional information. Of course, you can apply 24/7, but getting a response might take until the next business day if you apply outside of business hours.

id-card-svg
Step 2: We assess your application

Once we’ve received your application, you can sit back and relax and leave the rest to us.

We’ve got an expert team of experienced lenders on hand that will assess your current financial situation and get in touch if needed. It is important for us to make sure the product is suitable for your needs. But it’s equally important that you can afford the repayments. We are responsible lenders and won’t lend you money you won’t be able to repay.

applications
Step 3: Sign your contract

Once your loan is approved, we’ll send over your contract for you to sign. We recommend thoroughly reading over the terms to make yourself aware of any fees or charges for late or missed payments. Once you’re happy with everything, sign the contract and send it back to us.

money
Step 4: Get your cash

Once we’ve received your contract, a member in our team will send you your cash. This can take as little as 60-seconds3.

Frequently Asked Questions

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.

Calculate personal loan repayments with a personal loan calculator.

Over 4,800 Reviews On Trusted Platforms

Sometimes we offer customers incentives encouraging an honest review be it negative or positive based on their experience. It is possible that some reviews were written by customers who received a reward.

Last updated: 03/05/2022

Super easy and fast system, applying was seamless and money was instant!

Shaan Johari – GOOGLE REVIEW

Jacaranda is always helpful, wonderful customer service every time. Contact is easy and quick.

naomie falconer – GOOGLE REVIEW

Brilliant service and quick action during application process the best there can be when it comes to quick loans.

Nathan Ross – GOOGLE REVIEW

It is easy to apply online, fast, reliable and they will try to help you as much as they can. I can recommend it to my friends and relatives. Thank you very much.

Dianita Miguel – GOOGLE REVIEW

Excellent service once again from Jacaranda. Great improvements to the application process, very easy & efficient.

Jim Mccullough – GOOGLE REVIEW

Excellent 5 STAR customer service and always available with a quick response. Very happy with advice and the fantastic service provided. Quick, hassle free and easy. Thank you.

Brendan Lau88 – GOOGLE REVIEW
 

Need A Hand?
24hr Loan Processing.

Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, if you need some help navigating what the best loan is for you, our friendly team is more than happy to answer any questions you may have.