Say Hello To Cheap Loans From $300 To $10,000 With Jacaranda NZ!

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Taking Out A Loan Doesn’t Have To Cost The Earth…

If you’re thinking about taking out a short term loan, you may be asking “Won’t it be too expensive?”, or “Could I even afford the repayments?” A short term loan doesn’t have to cost you an arm and a leg (or even a foot for that matter!).

Jacaranda Finance works with lenders New Zealand-wide who offer cheap small loans from $300, up to larger loans of $10,000. With low weekly repayments, you may be able to afford to borrow more than you think.

For Small Hurdles And Big Moments

Life gives us many different reasons why we may need to take out a loan. You can’t always predict when you’re going to need to pay for emergency travel costs, house maintenance or car repairs. We are proud to be able to connect our customers with the cheap loans they need when they need them.

Five Ways That We Make It Easier To Find Cheap Loans

Apply To Multiple Lenders At Once

Instead of doing separate applications to dozens of lenders, we put your application in front of multiple lenders instantly. This saves you time and gives you the best chance of securing cheap loans.

Get An Answer Quick

When you’re in a tight spot financially, we know there’s no time to wait around. When you apply through Jacaranda, you don’t have to wait for days or weeks for a response. We can give you an answer within one business day of applying; you could even get an answer within 60 minutes!

No Need To Leave Your House

We are a 100% online service – no need for long frustrating phone calls and listening to terrible hold music. From application to communicating with your lender and agreeing on a contract, everything can be done at your fingertips. If you’re looking for cheap personal loans online, look no further.

Get The Best Rates

We are proud to work with lenders who offer the best rates for cheap loans. No need for hours of research to find the rates and terms you want. We may be able to connect you with lenders who can offer you the best deal possible for your requirements.

Know That You’re In Safe Hands

With thousands of lenders online, it’s not always clear who you can trust and who you can’t. If you apply through Jacaranda, that’s one less thing to worry about. We only work with the most reputable lenders who are 100% transparent about their rates and terms. Your online security matters to us too, which is why we are partnered with security giants McAfee and Comodo to protect your sensitive personal information.

We are proud to say that we have been awarded the Word of Mouth service award two years running for our excellent customer service, and commitment to our customers.

How Does It Work?

We like to think of ourselves as facilitators, or matchmakers, between you and the loan you need. Our 100% online based service uses your information to find you cheap cash loans online quickly and efficiently. We do our best to match you with a lender who can offer you the loan you need at a repayment rate you’re happy with.

We’ll Walk You Through The Process…

Tell Us About You: To find you a suitable lender, we just need to find out a little about you, your circumstances, and the loan that you want. Our easy to use online submission form shouldn’t take you more than 5 minutes! It’s completely free to use and you can apply anytime! Once you’ve hit submit, we’ll get to work finding you cheap loans!
The Search Begins: Once we’ve received your info, we’ll start cross-checking your loan requirements against all of the lenders we’re partnered with. We work with lenders who have a huge range of different specialisms, so we’re highly likely to find a match. If we do find a lender to match your loan request, we’ll be in touch! If you apply during business hours, this can be within one hour of sending us the form. If it’s outside of business hours then we’ll get in touch the following business day.

It’s A Match: If we find you a lender to meet your loan request we will let you know. The lender will then be in touch to discuss further and ask for more information if necessary. You are under no obligation to accept the proposed loan at any stage before the contract is signed. If you’re not happy then just decline, and we’ll do our best to find you an alternative!

Who Can Apply For Cheap Cash Loans?

If you need to apply for a loan but you’re not sure if you are eligible, just ask yourself the questions below:

  • Am I aged 18 or over?
  • Do I have a valid mobile number?
  • Do I have a valid email address?
  • Have I been employed for the past 90 days and have proof of income?

If the answer to all of these is yes, then you CAN apply!

Can I Apply If I’m Receiving Government Benefits?

Yes! We work with lenders who offer cheap loans to those receiving government benefits. All credit providers must conduct an assessment to ensure that what they’re offering you is affordable and suitable.

What Documents Do You Need From Me?

You will only need to submit your bank statements to us. Your bank statements are the best possible proof of 90 days of income required to apply for a loan.

Your loan provider may also ask for various other documentation such as payslips or bills, or identification. The requirements may differ from lender to lender so you may want to check with the lender you’re matched with to see exactly what they need.

Some lenders may also contact your employer to verify your employment status. If this happens- do not worry, they will never reveal details of your loan application.

What Is An Unsecured Personal Loan?

An unsecured personal loan is when a lender issues a loan not ‘secured’ by any assets such as your house, car or belongings. This means that the lender is basing the loan purely on your ‘creditworthiness’, as they will not have anything material as collateral if you default on your loan.

Jacaranda works with lenders who offer cheap unsecured loans to a wide range of customers, including in certain instances, those with bad credit.

How Much Will A Loan Cost Me?

The total cost of your loan will depend on a number of different things, including:

  • How much you borrowed
  • Your repayment term
  • Your personal circumstances

If you’re looking for cheap repayment loans but unsure how the repayments work, or how much you’ll end up paying, the information below should give you a good idea:

  • Loan amount: $2,500 repaid over 13 months
  • Weekly payment: $75.05
  • Total interest: $1,702.80
  • Total repayable: $4,202.80
  • Monthly interest rate: 9% AIR: 108%

WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amount available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.

Need an estimation for your loan amount? Our loan repayment calculator can be useful to work out the approximate cost of your loan. Interest rates for loans vary between 1.5% and 20%.

How Do Repayments Work?

Once you’ve agreed on a contract for your loan, you will need to set up a repayment plan with your lender. The arrangement will vary from lender to lender, but this will often be set up as a direct debit going directly to your lender on a weekly, fortnightly or monthly basis.

Can I Make Changes To My Repayment Plan Once It Has Started?

There may be circumstances in which you need to change your repayment plan after it has started. If you don’t think you will have enough money to keep up the repayments for a period of time, it is very important that you contact your lender as soon as possible. Given notice, your lender may be able to make arrangements so you don’t default on your loan.

Equally, if you want to pay your loan off before the end of the repayment term, this is also possible! Just contact your lender to ask what your total remaining balance is.

Have More Questions?

If you have any more questions about applying for cheap loans through Jacaranda, then just let us know! You can contact the team directly through our online contact form. Or if your question is more general, we may have already answered it on our FAQ page.

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Examples of what loans might cost.

Personal Loans

Loan Amount

Minimum
$300


Maximum
$10,000

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Terms

Minimum
12 Months


Maximum
24 Months

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Example

Interest Rate between 1.5% and 20% per month.

$2,500 repaid over 13 months would have 56 weekly repayments of $75.05. Total interest $1702.80. Total amount repayable $4,202.80. This example is based on a monthly interest rate of 9% and an AIR of 108%. WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.

Note, your lender may offer you different terms, fees or loan amounts based on your individual circumstances, needs and their own lending criteria. Please check your contract before signing.

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