Jacaranda Finance Express Personal Loan
- Interest Rate (p.a.)
- 14.95% to 27.95%
- Comp. Rate (p.a.)
- 29.30% to 42.80%
- Min Loan Amount
- $5,000
Summary
Borrow anywhere between $5,000 and $25,000, with loan terms over 24 to 48 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.
Pros
-
Fast approval turnaround
-
Loan term up to 24 to 48 months
-
Bad credit also can be considered
Cons
-
Higher interest rate than standard personal loans
Details
Product details
| Product Name | Jacaranda Finance Express Personal Loan |
| Interest Rate (p.a.) | 14.95% to 27.95% |
| Comp. Rate (p.a.) | 29.30% to 42.80% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $5,000 |
| Max. Loan Amount | $25,000 |
| Loan Security | Secured |
What to know before borrowing with Jacaranda Finance Express Personal Loan
Jacaranda Finance is an Australian-based digital lender that provides fixed-rate personal and car loans to everyday working Australians. Based in Milton, Brisbane, and 100% Australian-owned and operated, Jacaranda is a flexible lender that can offer fast loan outcomes to the majority of applicants.
Jacaranda's loans can be used for a wide range of needs, including debt consolidation, home and car repairs, medical and veterinary procedures and other major expected and unexpected expenses. Loan applicants can potentially borrow up to $25,000 over a maximum of 4 years.
Features of the Jacaranda Finance Express Personal Loan
- Flexible loan amounts. Customers can choose a loan amount to suit their needs, borrowing anywhere between $5,000 and $25,000.
- Flexible repayment terms. Jacaranda Finance lets you repay your loan over 24 to 48 months.
- No early repayment fees. Customers who pay their loans out early do not incur any additional fees or charges for doing so.
- Quick applications and approvals. It can take just 5-12 minutes for most people to complete an application online with Jacaranda (depending on their circumstances), and a loan outcome can be provided that same day during normal business hours.
- Fast fund transfers. Approved applicants could receive their funds in 60 seconds if they have an NPP-enabled bank account. The worst case for the rest is overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.
- 48-hour cooling-off period available. Jacaranda offers a 48-hour cooling-off period for all loan products (conditions apply).
How much will a Jacaranda Finance Express Personal 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:
| Loan amount | Interest Rate | Comparison Rate | Establishment fee | Dishonour fee |
|---|---|---|---|---|
| Above $5,000 | From 14.95% p.a to 27.95% p.a | From 29.30% p.a to 42.80% p.a | $475 to $990 | $35 |
How to apply for a Jacaranda Finance personal loan
To apply for a personal loan from Jacaranda Finance, just click the "Go to site" button on this page to fill out an online application form. This process only takes a few minutes.
Make sure you meet the eligibility criteria before processing. Applicants with Jacaranda must, at a minimum:
- Be at least 19 years of age.
- Be employed on a permanent or casual basis.
- Have a consistent income going into your bank account for the last 90 days.
- Be in control of your finances and be handling existing financial commitments comfortably.
- Be an Australian citizen or permanent resident with a fixed address.
- Have an active email address, phone number, and online banking account, in your name, that belongs to you.
To qualify for a Jacaranda personal loan, payments from Centrelink cannot be your main source of income. Some Centrelink payments can be used as a secondary income. However, more than 50% of your primary income must come from an employer or form of work.
Applicants cannot be approved if they're currently bankrupt or have been in the past 12 months.
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.
Jacaranda requires the following information when applying online:
- Basic personal information (i.e. full name, address, D.O.B, employer, dependant number)
- Online banking details
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