Are You Looking For Small Loans? Jacaranda NZ Could Be The Lender For The Job…
We’ve all been in that situation when we need a little bit of extra money for something. Whether it’s falling just short of the rent or needing a little extra for a big trip. You can’t always predict when you’re going to need some emergency cash. For those situations, we’re here to help.
Small Loans In A Hurry
When you need some extra money, there often isn’t any time to waste. You may just need $500 to last you until payday, or $1,500 to pay an overdue bill. We don’t ask questions. We do put you contact with money lenders who can help.
Jacaranda is proud to help thousands of people all over New Zealand out of tight spots. We understand that it’s not always possible to borrow from banks, or friends and family. For those situations, we’re here to help.
We are a 100% online lender-finder service, putting you in contact with the right lender, at the right time.
Who Do We Help?
We are proud to connect people all over New Zealand with the loans they need. Whether it’s an emergency loan until payday, a travel loan, a loan for car repairs or house maintenance, we’ve got your back.
How Does It Work?
- We Find Out About You: Our simple loan application form will ask you for some essential information about you, your circumstances and the loan you need. The form should take no more than a few minutes to complete.
- We’ll See If We Have A Match: We will then get to work trying to find a lender to meet your needs. If you apply within business hours, you could get an answer within 60 minutes of applying! If not, we’ll get back to you on the next business day.
- Bingo – Small Loans At Your Fingertips: If we find a lender who can help, we’ll be in touch! It is then up to you and the lender to finalise the agreement and repayment arrangements.
Why Choose Us?
Of course, you could search for small loans online by yourself. There are plenty of lender companies to choose from. BUT, how do you know which ones are legitimate? How do you know if you will be approved? With hundreds of lenders to choose from, how do you know where to begin?
Searching for small money loans can be overwhelming. There are so many different companies offering different loans at different rates and with different eligibility criteria. You can waste a lot of time applying for separate loan companies only to be rejected, or not hear back for weeks. By using Jacaranda you don’t have to worry. We put your one application in front of multiple lenders, meaning that you have the best chance of getting the loan you need.
We Act Fast
We aim to give you an answer within a day of applying. So you don’t have to wait around for weeks in the dark. Once we have found you a lender, a contract could be set up and money sent within just a few days. We understand you don’t want to wait around when you need money urgently. We do our best to deliver small loans fast.
We Find You Lenders With The Best Rates
Sifting through different lenders who offer different rates can be a headache. We work with lenders who are able to offer some of the best repayment rates in the industry – bringing cheap small loans to your fingertips.
Award-winning Customer Service
We put our customers at the heart of everything we do. Our reputation for excellent customer service has earned us two Word of Mouth service awards in 2017 and 2018. We only work with lenders who are 100% transparent and highly reputable.
Apply From Home
Because we are 100% online, there is no need to even leave your couch to apply for a loan. No need to spend hours on the phone, or take time off work to visit a lender in person. Your whole loan application can be done from the comfort of your home, allowing you to fit it into your busy life.
We Protect You
We know that the internet can be a jungle when it comes to finding trustworthy lenders. We only work with highly reputable lenders in the business, so that’s one less thing to worry about! Our lenders will provide all of their rates upfront before you sign a contract, which you will have a copy of. There are no hidden, charges, fees or interest rates – you must make sure you read your contract carefully.
We care deeply about the safety of your personal information. We are partnered with security giants McAfee and Comodo to make sure that your information is safe online. We will only ever share the information you give us with the lenders you are applying to, in relation to each loan you apply for.
Who Can Apply For Small Loans?
The great news is, our eligibility criteria is pretty open when it comes to applying for small personal loans.
Can you say yes to the following questions?
- Are you 18 years old or over?
- Do you have a valid phone number and email address?
- Have you been employed and have proof of income for the past 90 days?
If the answer to all of these questions is ‘YES’, then you can apply!
*You may also apply if you are receiving government benefits. All credit providers must conduct an assessment to ensure that what they’re offering you is affordable and suitable.
Can I Apply For Small Loans If I Have Bad Credit?
The good news is, even if you have bad credit, it won’t necessarily stop you from being able to get a loan with one of our lenders. We work some lenders who may offer loans without carrying out credit checks. Whether you are approved, your agreed loan amount and terms will depend on other information you give us.
How Much Can I Borrow?
We work with lenders who offer loans from $300 to $10,000. How much you will be approved to borrow will depend on your individual circumstances.
Repayment terms start at 12 months up to a maximum of 24 months. For small loans of less than $2,000, your maximum repayment term is likely to be 12 months.
How Much Do Small Loans Cost?
The overall cost of your loan will depend on the amount you borrow, how long you need to pay it back, and your own individual circumstances. Rates will also vary from lender to lender. The interest rate you will pay on your loan can vary between 1.5% and 20% per month.
Below is an approximate example of how much a small loan would cost you:
- Approved loan: $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%
Our loan repayment calculator can be useful to work out the approximate cost of the loan that you need.
*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.
How Do Repayments Work?
Once you have agreed your loan terms with a lender, you will need to set up a repayment plan. This will usually be done through a direct debit which will go directly into the lender’s account on a weekly, or monthly, basis depending on your arrangement.
Can I Change My Repayments Once They’ve Started?
If your circumstances change and you are no longer able to keep up with repayments, you will need to get directly in touch with your lender. It is very important that you contact them straight away if you believe you may miss a payment to avoid any additional fees. With at least 24 hours notice your lender may be able to defer or adapt, your payment plan to ensure you can keep up with payments.
Equally, if you would like to pay off your loan or even a single repayment sooner than your repayment term, you can contact your lender and do this directly. Your credit provider will provide the amount required to pay out your credit contract on the day you wish to end your contract.
For more information about your legal rights relating to your loan, check out our information statement.
If you have any further questions, pop over to our FAQ page where we’ve answered some common queries. If you’d prefer to talk to the team directly, then get in touch via our online enquiry form. We will do our best to get back to you as soon as possible.
Examples of what loans might cost.
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.