Jacaranda Finance Personal Loan

Borrow anywhere between $300 and $10,000, with loan terms over 9 to 24 months. Interest rates will depend on your credit profile.

Jacaranda Finance offers a range of loan products with short approval times. Once you’ve submitted your application, you can expect to receive the outcome within an hour, and the funds within seconds or a few hours, depending on who you bank with. Jacaranda Finance is open to applicants with bad credit, and Centrelink recipients. Unlike traditional lenders, they assess applications on a case-by-case basis, and base their decision on your ability to repay the loan. You can expect to pay an establishment fee between $0 to $1,000, and an interest rate ranging from 8.69% to 48%, depending on your credit profile.

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Maximum loan amount

Under 1 hour

Turnaround time

conditions apply

9 to 24 months

Term of loan

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Product NameJacaranda Finance Personal Loan
Minimum loan amount$300
Maximum loan amount$10,000
Arrears Fee$35
Loan term9 to 24 months
Turnaround timeUnder 1 hour - conditions apply
Costs$0 - $1,000 depending on credit
RequirementsYou must be over 18 in age and receive a regular income over the past 90 days.
Available to Centrelink Borrowers?Yes

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

What to know before borrowing with Jacaranda Finance

Jacaranda Finance is a short term loan provider that operates online, with most applicants able to find out an outcome of their application within one hour. These loans have flexible eligibility criteria and each application is assessed individually. Customers will be approved if Jacaranda Finance determines that they can repay their loan based on their income, financial history and current commitments.

Loan applicants can potentially borrow up to $10,000 and repay it over 2 years. They'll receive an interest rate from 8.69% to 48%, with a comparison rate of 12.05% to 48%, depending on their credit.

Features of the Jacaranda Finance personal loan

  • Flexible loan amounts. Customers can choose a loan amount to suit your needs: borrow anywhere between $300 and $10,000.
  • Flexible repayment terms. Most payday loans require that you repay your loan within about a month or 60 days maximum. Jacaranda Finance lets you repay your loan over 9 to 24 months, meaning lower ongoing repayments.
  • Quick application and approval. It takes less than 8 minutes to fill out an online application form and applicants can receive their outcome within an hour. If a loan is approved the successful applicant will receive their funds in as little as two hours following their approval, or if they're with a smaller bank it could take 24 hours. If an applicant is with Commonwealth Bank and are approved for a loan, they may receive their funds within seconds.
  • Bad credit borrowing. Jacaranda Finance considers applications on a case-by-case basis. This means customers can apply if they have negative marks on their credit file; even if they're an undischarged or current bankrupt, they can still apply and be considered for a loan. Applicants in a Part 9 Debt Agreement cannot apply.
  • Customers who receive Centrelink can still apply. Government benefits don't exclude people from applying. If someone can meet the repayments their application will be assessed on a case-by-case matter.
  • No early repayment fees. Anyone can repay their loan early without penalty.

How much will a Jacaranda Finance loan cost?

All loans come with costs, so it's important to be aware of these before applying. Here's what successful applicants will pay with a personal loan from Jacaranda:

  • Establishment fee: Customers will pay an establishment fee of $0 - $1,000 depending on credit.
  • Direct debit dishonour fee: If Jacaranda Finance attempts to direct debit a repayment from an account and isn't able to, that person will be charged $35.

Things to consider

Even though a loan from Jacaranda Finance is spread over a longer term, 9 to 24 months, it still carries the same high rates as payday loans. Before taking out a personal loan with this company, it's a good idea for prospective loan applicants to compare options to see if it is the most competitive option available to on the market for their situation, or if a shorter term loan would be more suitable. People will have lower ongoing repayments with Jacaranda compared to other payday lenders, but the interest they will end up paying across the term of the loan will be higher.

How to apply for a Jacaranda Finance personal loan

To apply for a personal loan from Jacaranda Finance, just click "Go to site" to fill out an online application form. It only takes four minutes. Make sure to meet the eligibility criteria below. Applicants must:

  • Be over the age of 18
  • Have online access to a bank account showing at least three months of income
  • Be an Australian citizen or permanent resident
  • Have a direct contact number
  • Have an email address

Prospective loan customers might also be eligible if they receive some form of Centrelink payments, if they're a current or undischarged bankrupt or if they have some negative marks on their credit file. They cannot be approved if they're in a Part 9 Debt Agreement.

Required information and documentation

In an initial application the applicant will need to provide basic details that Jacaranda Finance can use to assess their suitability for a loan. Once they're conditionally approved, hard copies of bank statements and payslips are usually not required as your last three months of statements are accessed electronically. In some cases they'll need to provide hard copies of these. And in some instances an employment check will also be carried out to verify someone's employment status.

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    Default Gravatar
    February 6, 2016

    Can I get a loan of 1500 dollars

      Avatarfinder Customer Care
      February 8, 2016

      Hi Murray,

      To submit an application with Jacaranda Finance you need to head over to their website and fill in an application form.

      Hope this helps,


    Default Gravatar
    July 30, 2015

    How do i apply for a loan pls

      Avatarfinder Customer Care
      July 31, 2015

      Hi Karolina,

      Thanks for your question.

      To submit an application with Jacaranda Finance you need to head over to their website. You can also see other lenders we have available for comparison on our payday loans guide. Select the “Go to Site” button of your preferred lender to proceed with your application. You can also contact the lender if you have specific questions. A gentle reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.

      I hope this has helped.


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