Learn about Jacaranda Finance Personal Loan

Apply for loans between $2,500 and $15,000, with terms between 9 and 36 months. Interest rates, however, vary depending on your credit profile



Jacaranda Finance is known for offering a wide variety of loan products with short approval terms being its main advantage. After applying for a loan, the customer should receive the result within an hour at the most. The funds, in turn, can vary between a few seconds and a few hours, depending entirely on who you bank with. It is also open to customers with bad credit, in addition to Centrelink beneficiaries.

Unlike traditional credit bureaus, Jacaranda Finance evaluates applications on a unique, case-by-case basis. Thus, the institution relies on its ability to repay the credit to issue its decision. The establishment fee can range from $249 to $990, and the interest rate can range from 10.48% to 24% depending on your credit profile.


What to consider before applying for a loan with Jacaranda Finance?

Jacaranda Finance is a lender that operates entirely online. Providing short-term loans, most of their clients can find out whether their application has been approved or disapproved within an hour. In addition, they have flexible eligibility criteria and an individual assessment for each application on a case by case basis. If the institution concludes that repayment of your loan can be made, based on your financial information, your application will be approved.


Jacaranda Finance’s clients can apply for loans of up to $15,000 with a 3 year term to repay the product. Interest rates between 10.48% and 24% will also be required, resulting in a comparison rate of 12.56% to 42.80%, depending on your credit.


Features of Jacaranda Finance personal loan

The main feature of Jacaranda Finance’s personal loans is the flexibility of the amounts. Thus, its customers can apply for an amount considering their current needs, ranging from $2,500 to $15,000.

In addition, the repayment terms that the institution offers are also extremely flexible. Most payday loans require payment to be made within one to two months. In addition, it also makes the loans payable within a period of 9 to 36 months.



The loans also offer fast application and approval. Completing the online form to apply for the loans takes on average about 8 minutes, with the result of the application being reported in about an hour. If the application is accepted, the customer can access the loan funds in about two hours after confirmation. However, if the applicant is registered with a smaller bank, the process may take 24 hours. If an applicant applies for the loan through Commonwealth Bank and is approved, they can receive their funds within seconds.

Loan for bad credit. By considering applications individually, Jacaranda Finance makes it possible for customers who have negative marks on their credit profile to apply for loans. In extreme cases, even if they are bankrupt, users can still apply for a loan from Jacaranda Finance. Applicants for a Part 9 Debt Agreement cannot apply.


Customers who receive Centrelink can still apply. Also, benefits made available by the government do not preclude people from applying.

Finally, the loans made available by Jacaranda Finance have no early repayment fees. Applicants can honor their loan payments early without any penalties.


What fees are involved in a Jacaranda Finance loan?

It is important to take into consideration that all loans involve fees. Therefore, it is important to be aware of the costs before applying for a loan. Here is a list of fees involving the loans made available by Jacaranda Finance:

Establishment fee: Customers who have their applications accepted by the institution will incur an establishment fee of 10.48% to 24% of the total loan amount (comparison rate 12.56% – 41.50%).

Dishonorable debt fee: Should Jacaranda Finance fail to make a direct deposit to an account, a total of $35 will be charged to the client.


Even though Jacaranda Finance’s loans come with a long term, from 9 to 36 months, its products still have the same high rates as payday loans. Therefore, before applying for a loan with this lending institution, applicants should compare it with other options available in the market and only then decide whether this is the best alternative. With Jacaranda Finance, customers will have a shorter continuous repayment period, however, the interest required will be higher.

How to apply for a Jacaranda Finance personal loan

To apply for a loan with Jacaranda Finance, simply click on “Go to site” to fill out a fully online application form. This step takes about four minutes. However, before it does, customers must make sure they meet the eligibility criteria below:

Be of legal age (18 years or older)

Have access to an online bank account with at least three months of income

Be an Australian citizen or permanent resident

Have a contact number

Have an email address

Prospective customers may also be eligible if they have somehow received a payment through Centrelink, if they are bankrupt, or if they have negative points on their credit profile. They cannot be approved if they are on a Part 9 Debt Agreement.

Required Information

In the first step of the application, the customer will have to provide basic information to Jacaranda Finance so that the institution can assess their eligibility to apply for a loan. Once the requested information has been approved, the institution will electronically access your statement for the past three months. Therefore, hard copies of your statement and payslips will not be necessary. However, in some cases, customers will have to provide hard copies of these and an employment verification may be done to check the employment status of some customers.