Jacaranda Finance Personal Loan

Enjoy the customer service difference – even if you have bad credit

Jacaranda Finance is a different sort of short-term loan provider. While other lenders rely solely on technology to process applications, Jacaranda has a member of their team involved with processing each and every application. Their focus on personal customer service is a core part of their lending business, as is their competitive personal loan product. Find more out about the benefits of their short-term personal loan on the page below and see if it's right for you.

Min Loan Amount$300
Max. Loan Amount$4,600
Initial Maximum Loan Amount$2,000
Loan Term12-24 months
Loan SecurityUnsecured
Arrears Fee$35
Turnaround TimeInstantly - conditions apply
CostsUp to $2000: 20% of borrowed amount + 4% of borrowed amount each month
$2001 to $4,600: $400 + 48%. APR
RequirementsYou must be over 18 in age and receive a regular income of $400 at least per week.


  • Fast approval turnaround
  • Loan term up to 12-24 months
  • Bad credit also can be considered


  • 20% establishment fee
  • 4% monthly fee
  • 18+ years of age
  • Australian resident, or have permanent residency
  • Have a direct contact number
  • Mimimum $400 per week income

What to know before you borrow 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. You can borrow up to $4,600 and repay it over 2 years. They have flexible eligibility criteria and each application is assessed individually. You'll be approved if Jacaranda Finance determine you can repay your loan based on your income, financial history and current commitments.

Compare Other Payday Loans

Whilst we don't compare Jacaranda Finance Personal loan directly, here are some other loans that are similar.

Rates last updated July 20th, 2018
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs Fortnightly Repayment $1,500 Product Description
Sunshine Short Term Loans
9-15 weeks
30 Minutes - conditions apply
20% of loan amount + 4% of loan amount each month
Apply online with Sunshine Loans and you could borrow up to $2,000 paid directly into your account. Note: Centrelink must not be your primary source of income.
Wallet Wizard Smart Loan (Up to 2K)
Up to 2 years
24 hours
47.8% APR
Apply for up to $2,000 as a convenient line of credit.
Nimble Short Term Loan
62 days to 1 year
1 hour - conditions apply*
20% of loan amount + 4% of loan amount each month
Apply for up to $2,000 and have 62 days to 1 year to repay. Note: Centrelink must not be your primary source of income.
Credit24 Short Term Loan
6-12 months
Same day
20% of loan amount establishment fee + 4% of loan amount monthly.
A loan with a quick turnaround time and generous loan term. To be eligible, Centrelink must not be 50% or more of your income.

Compare up to 4 providers

Five features to know about

  • How much you can borrow. You can choose a loan amount to suit your needs — borrow anywhere between $300 to $4,600.
  • How long the application process takes. It takes about four minutes to fill out an online application form. If your loan is approved you will receive your funds in as little as two hours following your approval, or if you are with a smaller bank it may take 24 hours. If you are with Commonwealth Bank and you are approved you'll get your cash in seconds.
  • You can borrow if you have bad credit. Jacaranda Finance considers applications on a case-by-case basis. This means you can apply if you have negative marks on your credit file, or even if you are an undischarged or current bankrupt, you can still apply and be considered for a loan. If you are in a Part 9 Debt agreement you can't apply.
  • You have longer to repay your loan than with a standard payday loan. 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 12-24 months, meaning lower ongoing repayments and less of a strain on your budget.
  • If you receive Centrelink you can still apply. Government benefits don't exclude you from applying. If you can meet the repayments your application will be assessed on a case by case matter.

How much will a Jacaranda Finance loan cost me?

All loans come with costs, so it's important to be aware of these before you apply. Here's what you'll pay with a personal loan from Jacaranda:

  • Establishment fee: To set up the loan you'll be required to pay 20% of your principal loan amount for under $2,000 and $400 for loan amount from $2,0001 to $4,600.
  • Monthly fee: Every month you're repaying your loan you'll pay 4% of your principal loan amount for the loan amount up to $2,000 and 48% APR for the loan amount from $2,001 to $4,600.
  • Direct debit dishonour fee: If Jacaranda Finance attempt to direct debit a repayment from your account and aren't able to, you'll be charged $35.

Things to consider

Even though a loan from Jacaranda Finance is spread over a longer term — 12-24 months — it still carries the same high rates as payday loans. Before you take out a personal loan with them compare your options and see if they are the most competitive option available to you, or if a shorter term loan would be more suitable. You will have lower ongoing repayments with Jacaranda than compared with other payday lenders, but the interest you end up paying across the term of the loan will be higher.

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How to apply

If you're interested in applying 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 you meet the eligibility criteria below:

Am I eligible?

  • You're over the age of 18
  • You receive a regular income of at least $400 a week into a personal bank account
  • You're an Australian permanent resident
  • You have a direct contact number

You might also be eligible if you receive some form of Centrelink payments, if you're a current or undischarged bankrupt or if you have some negative marks on your credit file. Unfortunately, you cannot be approved if you are in a Part 9 Debt Agreement.

What information do I need to provide?

In your initial application you will need to provide basic details that Jacaranda Finance can use to assess your suitability for a loan. Once you are conditionally approved, hard copies of bank statements and payslips are usually not required as your last three months of statements are accessed electronically. Keep in mind, though, that in some cases you will need to provide hard copies of these. In some cases an employment check will also be carried out.

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4 Responses

  1. Default Gravatar
    MurrayFebruary 6, 2016

    Can I get a loan of 1500 dollars

    • finder Customer Care
      ElizabethFebruary 8, 2016Staff

      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,


  2. Default Gravatar
    karolinaJuly 30, 2015

    How do i apply for a loan pls

    • finder Customer Care
      ElizabethJuly 31, 2015Staff

      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 this page and click ‘Go to Site’ if you find one you want to apply for.

      I hope this has helped.



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