Lender Review: Jacaranda Finance



Product Highlights

  • Loans from $2,100 to $25,000
  • Over 9 to 48 months

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Company Brief

Jacaranda Finance provides loans ranging from $2,100 to $25,000 with loan terms from 9 to 48 months. The company started in 2014 and is located in Milton, Brisbane, Queensland. The company’s office hours are from Monday to Thursday, 8 AM to 5 PM and Friday, 8 AM to 4 PM. Its operation hours on Saturday are from 8 AM to 12 PM. The company’s ABN is 53162078195 with Australian Credit Licence Number 456404.

Unsecured Small Loan: $2,100 – $4,600

Type of Loan Interest Rate Interest Type Min Loan Amount Max Loan Amount Turnaround time Min Loan Term Max Loan Term
Payday Loan starts at 47.8% per annum Fixed interest rate $2,100 $4,600 60 minutes 9 months 18 months



Secured Medium Loan: $5,000 – $15,000

Type of Loan Interest Rate Interest Type Min Loan Amount Max Loan Amount Turnaround time Minimum Loan Term Maximum Loan Term
Personal Loan 17.95% to 24.95% annual percentage rate Fixed Interest Rate $5,000 $15,000 enquire on Jacaranda site 24 months 36 months

Secured Large Loan: $10,000 – $25,000

Type of Loan Interest Rate Interest Type Min Loan Amount Max Loan Amount Turnaround time Minimum Loan Term Maximum Loan Term
Car Loans and Secured Personal Loan 14.95%-27.95% interest rate per annum Fixed Interest Rate $10,000 $25,000 60 minutes 24 months

48 months

Jacaranda has a $400 establishment fee for small loan amounts and $475 to $990 for personal loans. There is also a $24 monthly fee and a risk fee of $140 to $995 for unsecured personal loans and a maximum risk fee of $995 for secured personal loans. Small loans does not have an associated risk fee. – No mentions of default and early repayment fees on Jacaranda website.

Note: All information included here on Friendly Finance is accurate and in line with the data found on Jacaranda website as of November 2023.

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Application Process

The application process for all loans from Jacaranda Finance is done online through the company’s website. To apply, go to the top of the website and click on the ‘Apply Now’ option. Select the loan amount and payback duration using the slider, then click ‘Apply Now.’

Following that, you’ll be asked to enter some personal and financial information, such as the following:

  • Name, Address, and Date of Birth
  • Mobile phone number and valid email address
  • myGov details (if on Centrelink Benefits)
  • Online banking details and personal details such as employment information.

To be approved for a loan, you need to meet the following 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.

Notable Loan Product Features

Some of the notable loan product features of Jacaranda Finance include the quick application approval and loan payout for each loan account. If you are eligible for a loan and the company does not require any additional documents from your end, you will typically receive your loan approval within 60 minutes, with borrowers with NPP-enabled accounts receiving the loan proceeds within 60 seconds after signing the loan agreement.

The company will also help you set up a direct debit arrangement to automate your loan payments, generally following your pay cycle. This means you don’t have to remember to pay your bills every week, fortnight, or month. The direct debits will stop after your loan is paid in full. There are no fees associated with early repayment if you wish to pay off your loans in full before the end of the loan term.

Jacaranda Finance also offers bad credit personal loans for borrowers with a bad credit history.

The Company: Jacaranda Finance



  • 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 Jaccarandha 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.


  • Excerpts of customers complaining about the excessive amount of information being demanded during the application process.

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