How it works
It's really simple and easy
Step One
Submit Application Online
Apply online using our simple application form that could take you just minutes to complete!
Step Two
We Assess Your Application
We process your application quickly and utilise the latest in safe banking technologies to assess your situation. We use this information to determine whether we can find a lender who is suitable for you.
How to qualify for a Personal Loan?
Be over 18 years of age.
Receive a regular income into a personal bank account for at least 90 days.
Have a direct contact number.
Need more help?
How much does it cost?
Examples of what loans might cost.
Small Personal Loan
Loan Amount
Minimum
$300
Maximum
$2,000
Terms
Minimum
12 Months
Maximum
12 Months
Costs
Up to 20% Establishment Fee
+ monthly fee up to 4%
Jacaranda Finance does not charge an annual interest rate on SACC loans. These small amount loans incur 'fees' instead of interest. The maximum comparison rate on our loans between $300 and $2000 is 199.43%.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate
Examples
Loan Amount of $1,000 over 6 months repayable weekly (25 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $240 (fees based on 4% per month over 25 weeks) = $1,440 total repayable in 25 weekly installments of $57.60.
Loan Amount of $1,000 over 12 months repayable weekly (50 weekly repayments). $1,000 (Principal Amount) + $200 (20% Establishment Fee) + $480 (fees based on 4% per month over 50 weeks) = $1,680 total repayable in 50 weekly installments of $33.60.
Medium Personal Loan
Loan Amount
Minimum
$2,100
Maximum
$4,600
Terms
Minimum
13 Months
Maximum
24 Months
Costs
Annual Percentage Rate (APR) is 48%
Comparison Rate is 67.41% per annum.
This comparison rate is based on a medium amount credit contract of $2,500 repaid over 2 years with a $400 establishment fee and APR of 48%.
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rateExamples
Loan Amount of $3,000 over 18 months repayable weekly (78 weekly repayments). $3,000 (Principle Amount) + $400 (Establishment Fee) + $1,379.06 (reducing interest*) = $4,779.06 total repayable over 18 months with weekly installments of $61.27.
Loan Amount of $4,500 over 24 months repayable weekly (104 weekly repayments). $4,500 (Principle Amount) + $400 (Establishment Fee) + $2,732.56 (reducing interest*) = $7,632.56 total repayable over 24 months with weekly installments of $73.39.
Large Personal Loan
Loan Amount
Minimum
$5,000
Maximum
$10,000
Terms
Minimum
13 Months
Maximum
24 Months
Costs
Annual Percentage Rate (APR) is 21.24%
Comparison rate is 48% per annum.
Examples
Loan Amount of $5,000 over 18 months repayable weekly (78 weekly repayments). $5,000 (Principle Amount) + $2,027.80 (Interest) = $7,027.80 total repayable over 18 months with weekly installments of $90.10.
Loan Amount of $10,000 over 24 months repayable weekly (104 weekly repayments). $10,000 (Principle Amount) + $5,577.12 (Interest) = $15,577.12 total repayable over 24 months with weekly installments of $149.78.