How quick personal loans work at Jacaranda Finance.

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Do you find yourself questioning how short term loans work? Sometimes, life can take us by surprise – an unexpected expense, emergency, or home repair we weren’t anticipating.

Other times, we’re ready to take a big step, whether that means seeing the world or buying a new car.

Do instant cash loans exist? How do short term loans work?

Just about any of those things can be taken care of with an instant cash loan, and that’s where Jacaranda Finance comes into play. Whilst we are on the topic of instant cash loans, anyone claiming to be able to give you an instant short term cash loan has a very different understanding to you and I about the word ‘instant’. It’s just not possible. These days, instant cash loans refer to quick loans.

We offer quick personal loans.Quick personal loans are different from other types of loans because they are just that: Personal to you. We add the ‘quick’ bit to make it even more personalised and handy.

At Jacaranda Finance, we’ve been able to help over 25,000 people realise their dreams – make a big purchase, or help them with a big expense quickly and hassle-free. Loans are usually approved within 60 minutes of submitting a complete application. Feelin lucky?
Check out Jacarandas finance giveaway. Make sure you read the T&Cs.

Since our personal loans are unsecured, you don’t have to put any of your assets up as collateral. This makes for a quick and convenient application process for you. The best news? Our fees are capped at 4% per month. There no hidden fees or nasty exit fees, just 4% per month and the loan can be paid out early with no extra penalty.

Still not sure how short term loans work? Watch our quick video on even quicker personal loans. (Post continues after video.)

 

 

Jacaranda understands that life must go on, one way or another.

That’s exactly why we’re happy to offer personal loans quickly and for the right purposes.

All you need to do to start your own personal loan application is to complete the simple application process online. Then, we’ll check over your income and various expenses and you can expect loan approval within the hour – it doesn’t get much quicker than that!

We’re happy to be on your side as a trustworthy, honest, and experienced service. Jacaranda are here, whatever life brings your way.

Worried about your bad credit rating? We also consider bad credit personal loans application.

How customers rate Jacaranda

How quick personal loans work at Jacaranda Finance. Overall rating: 4.8 out of 5 based on 60 reviews.

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Fast & Safe Loans

Small Personal Loan

Loan Amount

Minimum
$300


Maximum
$2,000

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Terms

Minimum
12 Months


Maximum
12 Months

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Costs

Up to 20% Establishment Fee
+ monthly fee up to 4%

Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest. The maximum comparison rate on our loans between $300 and $2000 is 199.43%.

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
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Examples

Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.

Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.

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Medium Personal Loan

Loan Amount

Minimum
$2,100


Maximum
$4,600

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Terms

Minimum
13 Months


Maximum
24 Months

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Costs

Annual Percentage Rate (APR) starts at 20.56%
Comparison Rate is 20.56% per annum.

This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 20.56%.

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
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Examples

Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $555.83 (reducing interest*) = $3955.83 total repayable over 18 months with weekly installments of $50.71.

Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $1081.85 (reducing interest*) = $5981.85 total repayable over 24 months with weekly installments of $57.51

* Reducing interest means that the 20.56% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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Large Personal Loan

Loan Amount

Minimum
$5,000


Maximum
$10,000

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Terms

Minimum
13 Months


Maximum
36 Months

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Costs

Annual Percentage Rate (APR) is 12%
Comparison rate is 19.88% per annum.

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
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Examples

Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $1831.16 (Interest) = $6831.16 total repayable over 18 months with weekly installments of $87.57.

Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5041.72 (Interest) = $15041.72 total repayable over 24 months with weekly installments of $144.63.

* Reducing interest means that the 19.88% APR is applied to the outstanding balance on a loan. When a loan repayment is made, the loans outstanding balance goes down and the APR is applied to that lower balance. Therefore, the interest component of the loan will constantly reduce (as long as repayments are being made!) - thus it is called reducing interest.
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