Had trouble getting a loan before? It can help to estimate your potential repayments before you apply.
If you need help determining whether you can afford your next loan, our loan repayment calculator can help. Below, you can see how it works.
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'
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 four-step loan repayment calculator to estimate your repayments before you apply.
Ready to Apply? You can get started now.
Our loan repayment calculator provides an estimate of what your loan repayments could be on a hypothetical loan. You can adjust the following details of the loan you want in the relevant fields to get your results:
Our calculator will then show you your estimated repayments.
If you're happy with the results, all you need to do is hit the link in our calculator to get started on your application. You can do this 100% online - no paperwork required - and applying for a loan could take as little as 5-12 minutes1!
For a more detailed breakdown of our application process, see our how to apply guide here.
Remember that these are meant to be a rough guide only, and may not be exact based on your circumstances. Nor is our calculator meant to be an offer for credit. By applying for a loan with Jacaranda, any offer you may receive can vary once you complete an application and all relevant details have been captured and verified. Other fees, credit criteria and terms and conditions may apply.
If you're ready to apply, our loan application process has been perfected over time to be as simple and quick as possible. You can:
Every year, banks fail millions of Aussies who need to borrow money. They tend to have very rigid processes for assessing applications and don’t think outside the box.
When the banks decline you, even if you’re in control of your finances, come and talk to us. While we might not be your first choice, you’ll always be our number one priority.
Our state-of-the-art assessment technology looks at more than just your credit score. Jacaranda's customer service team is available to chat six days a week, and services are available online 24/7.
Am I eligible for a Loan with Jacaranda?Â
You must meet the following basic eligibility criteria before submitting an application:
You can check if you qualify initially if you aren’t sure whether you're eligible. This won’t impact your credit score.
Information you will need to provide:
*This is standard procedure for loan applications across the industry. Data is safely secured with 256-bit SSL encryption. We utilise safe and secure third-party Open Banking service providers to make this quick and easy for you.
Just because the figure you were quoted by our calculator looks affordable, that doesn’t mean it actually is. Most people tend to underestimate how much they can actually afford to pay, which is why it’s crucial to fit these repayments into a budget.
When you apply for a loan, the success or failure of your application will ultimately come down to your serviceability, which is whether or not the lender thinks you can comfortably afford to repay the loan.
Loan serviceability is generally calculated by subtracting your estimated loan repayments and other expenses from your income.
These other expenses can include things like:
And others. If your expenses are too high to be able to comfortably afford your repayments, your application may still be rejected.
