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Micro Loans

Personal Loans up to $15,000

Money in your bank account and ready to use in 60 seconds once approved*(1)

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Apply in less than 8 minutes

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Apply in less than 8 minutes

Jacaranda Finance offers micro loans from $1,000 to $15,000 for eligible Australians.

Micro loans can be used to cover small, unexpected expenses that are difficult to manage. Jacaranda Finance is one of Australia’s fastest short term lenders, often delivering 60-minute loan outcomes*. 

Do you need a small financial pick-me-up?

If you are in need of short term financial assistance, you may wish to consider utilising a micro loan. Micro loans Australia can be used to cover a variety of personal expenses up to $15,000. Jacaranda Finance offers short term micro loans to eligible Australians in need of credit. Whether you have had a medical bill or an unexpected vet bill, a micro loan can be used to cover your costs. 

Jacaranda Finance is a 100% online lender. This has allowed us to specialise in delivering extremely fast and efficient loan outcomes. We endeavour to process our applications within 60-minutes and we support instant transfers on approval. This means you could have your cash ready to use within just 60-seconds of approval**. If you need a loan, Jacaranda Finance may be able to assist you.

What is a micro loan?

A micro loan is a small personal loan used to cover personal expenses. Jacaranda Finance offers three types of micro loans: small loans, medium loans and large loans. Our small loans are unsecured, and our medium and large loans are secured loans. 

Loan type Security Loan amount Repayments
Small loan Unsecured $1,000 to $2,000 6 to 12 months
Medium loan Secured $2,100 to $4,600 13 to 36 months
Large loan Secured $5,000 to $15,000 13 to 36 months

If you would like more information about our loan options, refer to our costs page. 

What can I use a micro loan for?

We offer micro loans for a variety of expenses. We have assisted thousands of Australians in their time of need with our quick personal loans up to $15,000. Here are just some of the reasons we receive loan applications:

How to apply

If you wish to apply for a micro loan, our application process is simple and easy. You could complete the application within a few minutes and we will do our best to process your loan application within just 60-minutes*. We support instant transfers on approval, so you could have your cash within 60-seconds** of approval. If you have been searching for ‘interest free micro loans’, we offer competitive loan rates and flexible repayment options. Apply for your personal loan by following these simple steps:

Step 1: Complete your online application form

Step 2: Our team will process your application as quickly as possible

Step 3: We will let you know the outcome of your loan application

Step 4: If approved, review and sign your contract

Step 5: Receive your loan payout

Eligibility criteria

All of our applicants must meet our eligibility criteria outlined below. So that we can process your loan application, please ensure you meet the following requirements:

  • You are at least 18 years old
  • You have had a consistent income into your bank account for at least 90 days
  • You have an active email address and mobile number
  • You are an Australian citizen or permanent resident
  • You have internet banking set up

Supporting documents

We also require electronic copies of your supporting documents to fully process your application. To ensure we can deliver you the fastest possible outcome, please submit all of the following information when you apply:

  • 100 points of identification
  • Your basic personal details (full name, date of birth, address etc.)
  • Your online banking details
  • The reason for your loan
  • Your myGov login details (if you receive Centrelink payments)

Micro loans for bad credit

Jacaranda Finance is an online lender which means we can be more lenient with our credit requirements. We provide bad credit personal loans to eligible Australians that meet our criteria. We use copies of your current bank statements to ensure you can reasonably manage your loan repayments. If we find that customers can reasonably manage repaying their loans, even if they have a bad credit history, we may be able to approve them for a bad credit loan.

We adhere to the responsible lending guidelines set by ASIC. In line with this, we must still conduct a credit check on every loan applicant. While we are financially inclusive, all applications are still subject to an individual financial assessment. 


How much can I borrow?

You can apply to borrow any amount from $1,000 to $15,000 and our team will assess whether your loan amount is affordable. Your repayments will vary depending on how much you borrow.

Can I get a micro loan if I receive Centrelink?

We provide applicants with micro loans for Centrelink customers. We consider most forms of Centrelink income as regular income. If you have been receiving your benefits for at least 90 days and meet the rest of our eligibility criteria, we may be able to provide you with a loan for people on Centrelink.

What are the fees and charges?

The fees and charges on your loan will vary depending on how much you borrow and your financial situation. We are micro loan providers that specialise in delivering financial services to many Australians nationwide; our loan options all accompany different fees and charges, such as interest rates. Additionally, your credit score may affect the loan you are offered. All possible fees and charges will be clearly stated in your loan contract.

*If you apply within our business hours

**If you have an NPP-enabled bank account

Reviews don’t lie 🌟

Reviews current as of June, 2021.

Our low rates

Our low rates

💰 Personal Loans starting from 8.69% (12.05% p.a. Comparison Rate)

🚗 Car Loans starting from 5.29% (5.84% p.a. Comparison Rate).

We never charge early repayment or exit fees.

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Jacaranda is 100% online. So, we do not accept applications over-the-phone. However, our friendly team is more than happy to answer any questions you may have.