Jacaranda Finance Personal Loan – loan
Personal loans from $300 to $10,000 for Australians with good or bad credit. Fast online application, decision within 60 minutes.
Applying does not commit you to a contract.
Properties of this loan
- Borrow from $300 to $10,000
- Terms from 13 weeks to 24 months
- All credit histories considered
- 60-minute decision during business hours
- Same-day transfer available
- No early exit fees
Jacaranda Finance Personal Loan
Jacaranda Finance offers personal loans from $300 to $10,000 for Australians who may not qualify with a mainstream bank. They assess each application individually, taking into account income, expenses and banking history rather than relying solely on a credit score.
Applications are completed online and Jacaranda aims to provide a decision within 60 minutes during business hours. For approved applications received before 3pm on a weekday, funds are typically transferred the same business day.
Loan terms run from 13 weeks to 24 months. The cost depends on the loan size. For loans up to $2,000, the fee structure follows the SACC cap: 20% establishment plus 4% per month. For loans between $2,001 and $10,000, the comparison rate is typically around 47.8% p.a. Jacaranda is upfront about costs, and there are no early repayment penalties.
✓ Pros
- Bad credit considered on case-by-case basis
- Decision within 60 minutes
- Same-day transfer if approved before 3pm
- No early repayment penalty
- Fully online application
✗ Cons
- High comparison rates, especially for smaller loans
- Short maximum term of 24 months
- Not suitable for large loan amounts over $10,000
Loan requirements
- ✓ Australian citizen or permanent resident
- ✓ At least 18 years old
- ✓ Regular income (employment or Centrelink)
- ✓ Active Australian bank account
- ✓ Valid email address and mobile number
- ✓ Online bank statement access
Frequently asked questions
60 minutes
The minimum loan amount at Jacaranda Finance Personal Loan is $300.