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Comparison Rate Range = 36.11% – 47.50%
Establishment Fees = $129 to $990
Risk Fees = $0 to $1,295
Monthly Fees = $26
Comparison Range: 32.99% – 45.50%
Establishment Fees: $125 to $1,190
Risk Fees: $0 to $995
Monthly Fees: $26
Comparison Range: 32.99% – 45.50%
Establishment Fees: $950 to $1,190
Risk Fees: $585 to $995
Monthly Fees: $26
All information included here on Friendly Finance is accurate and in line with the data found on Jacaranda website as of February 2025.
About Jacaranda Finance
📌 Founded: 2013
📌 Headquarters: Brisbane, Queensland, Australia
📌 Credit Licence: Australian Credit Licence (ACL) 456807
📌 Regulated by: Australian Securities and Investments Commission (ASIC)
📌 Main Services:
✔ Small & Medium Personal Loans
✔ Bad Credit Loans
✔ Car Loans
✔ Debt Consolidation Loans
Jacaranda Finance is an Australian online lender specialising in fast personal loans, including bad credit loans and debt consolidation options. The company provides quick online applications, fast approvals, and same-day funding.
Unlike traditional lenders, Jacaranda Finance assesses applicants based on their financial situation rather than just their credit score. This makes it a more accessible lender for people with poor credit history or those who have been rejected by banks.
Jacaranda Loans: Eligibility Requirements
The application process for Jacaranda is done through the company’s website or you can also easily apply for a loan using this form. To process your loan application, you need to pass Jacaranda's eligibility requirements:
- You must be at least 18 years old.
- You must be an Australian citizen or permanent resident of Australia.
- Have a consistent source of income for three months before applying.
- Have an active banking account and provide bank statements.
- Have a working phone number and email address.
A member of the evaluation team will review your application after you complete the online application form. If you apply during work hours, the company may be able to approve your application within 60 minutes.
The 60-minute turnaround time is based on a normal applicant’s approval procedure and is not guaranteed. Applicants that apply outside of the usual business hours of 7 a.m. to 7 p.m. Monday through Friday and 8 a.m. to 4 p.m. Saturday AEST AEST are not eligible for 60-minute approval.
Jacaranda will also run a credit check. The purpose of a credit assessment is to determine if you have Excellent credit history or some issues. If you have a bad credit score, lenders may decline your loan application.
If your loan is approved, the company will give you a loan agreement to sign. Jacaranda will only be able to send your funds after they have received your completed contract.
Approved applicants with an NPP-enabled bank account often get their funds within 60 seconds from signing the loan agreement. If you do not have an NPP-enabled bank account, the funds will be deposited into your account the next day.
Fast Online Application – Apply in minutes with instant approval decisions.
Same-Day Funding – Loans approved before 2 PM are funded the same day.
Bad Credit Loan Options – Borrowers with poor credit may still qualify.
Flexible Repayment Options – Choose weekly, fortnightly, or monthly payments.
ASIC-Regulated & Licensed – Fully compliant with Australian lending laws.
The Company: Jacaranda Finance
There are some positives and negatives for prospective borrowers to consider before using Jacaranda Finance as an online lender. As part of the reviewing process for this page, customer feedback and common questions answered on the company website were considered for the overall assessment.
Positives
- Online application process through the Jacaranda Finance website.
- Fast processing time with 60-minute outcomes for turnaround time on application approval, and 60-second loan payout. This makes Jacaranda perfect for busy people.
- Auto-debit arrangement aligned with the borrower’s pay cycle.
- Zero early-repayment fees.
- Loans are also extended to borrowers with poor credit history and Centrelink customers.
- Jacaranda Finance has a friendly team at the Australian Call Centre who provide brilliant service.
Negatives
- Excerpts of customers complaining about the excessive amount of information being demanded during the application process.
