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Unsecured Personal 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

Unsecured personal loans with Jacaranda

At Jacaranda Finance, we offer unsecured personal loans up to $2,000. These are personal loans that can be used for any reason, whether it be a medical expense, a holiday or for debt consolidation. You can apply online with us within just a few minutes. We also offer secured loans up to $15,000. 

Who can apply?

Looking for quick unsecured personal loans? These are our eligibility requirements that you must be able to meet prior to applying. 

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

Unsecured loans details

Here is a breakdown of our unsecured cash loans. 

Loan Amount:

$1,000 to $2,000

Loan Term:

12 months

Repayment Frequency:

Weekly, Fortnightly or Monthly

Repayment Facility:

Direct Debit

What are unsecured personal loans?

Unsecured personal loans in Australia are small unsecured loans that don’t require an asset to be attached for security. All you need to do is fill out the online application form and that’s it! You could have the cash in your hand on the same day

What can I use an unsecured loan for?

There is an abundance of expenses you can use an unsecured loan for. Whether it is an emergency medical expense or a much needed holiday, an unsecured personal loan up to $2,000 can solve your money needs. Here are some of the most common reasons people take out personal loans with us: 

  • Taking a mini-break
  • Tidy up some of those pesky bills
  • Update your home decor
  • Upgrade your bathroom or kitchen
  • Emergency medical bills

Secured vs unsecured: What’s the difference

A secured personal loan is a personal loan in which you must put forward an asset to hold as collateral against your loan. This could be in the form of a car, motorbike or caravan; that’s completely up to you. This is because you will be borrowing more money, and therefore there is more risk involved for the lender. 

We offer both medium and large secured personal loans ranging from $2,001 to $15,000. The application process is exactly the same; the only difference is that an asset must be attached to your loan. We will just need photos of the vehicle to see it’s current condition and your registration paperwork.

Pros and cons of unsecured personal loans


Unsecured loans

Secured loans


  • You can be eligible without owning something to put up as collateral
  • The application process can be faster than a secured loan
  • You can borrow larger amounts because lenders are more confident they will get their money back
  • Typically have a lower interest rate than unsecured loans 
  • Some types, including mortgages and home equity loans, allow eligible individuals to take tax deductions for interest paid


  • Interest rates can be higher because the lender has a higher risk level of the loan not being repaid
  • An unsecured loan can be difficult to obtain with poor credit
  • Personal property that was named as security on loan is at risk. If you cannot repay the loan, the lender may seize the property

Fixed or variable rate unsecured personal loans

Some unsecured loans come with an interest rate. There are generally two types of interest rates. These are fixed and variable interest rates. A fixed interest rate means that you will lock in an interest rate that will stay the same over the life of the loan. A variable interest rate means will fluctuate depending on the market. 

With a fixed rate, you know exactly how much your loan will cost and can protect yourself from interest rates rising in the future. You can also more easily budget for the future and set financial goals. 

Fees and charges associated with unsecured loans

There are typically a number of fees and charges that are associated with unsecured loans. We’ve listed a few of the common costs involved when taking out a loan. 

Upfront fee: some lenders will charge a loan application fee. These fees can range from $100 to $500 or more. Some lenders charge a $0 application fee (Jacaranda is one of those lenders), however, we do charge a 20% establishment fee. This is a one-off fee that will only be charged if you are approved for your loan.

Account fees: monthly fees for unsecured personal loans are typically $10 a month, but some loans don’t charge an account fee at all. At Jacaranda, we charge a 4% monthly fee so, depending on the amount you have borrowed, the amount you are going to repay will vary.

Early repayment fee: some lenders charge a fee if you pay off your loan earlier than the agreed term. For example, if you took out a 12-month secured loan and want to pay it off in just 6 months, you can be charged a hefty fee for doing this. Jacaranda will never charge early settlement fees. If you can repay your loan early, we will never penalise you for doing so.


Here are the answers to some of our most frequently asked questions. 

How much can I borrow with an unsecured personal loan?

You can borrow anywhere from $1,000 to $2,000 with our fast cash loans. This can be repaid over 12 months.

Do I need to provide collateral?

You do not need to provide collateral for an unsecured personal loan. If you wish to borrow more than $2,000, you will need to apply for a secured personal loan. In this case, you will need to provide collateral. 

Can I get an unsecured loan with bad credit?

We offer personal loans with bad credit. We will conduct a credit check when assessing your application, but it’s not the only thing we will look at. We tend to put more focus on your current finances. In doing this, we will view bank statements to give us an indication on whether you can afford the loan you’re applying for. We believe in responsible lending and will never lend you money we don’t think you will be able to repay. 

How do repayments work?

We will set up a Direct Debit to come out of your account to line up with your payday. This way the money will automatically come out of your account without you having to lift a finger. Once the loan has been repaid in full, the repayments will stop. 

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.