Need To Travel But Don’t Have The Money? Jacaranda Can Help with Travel Loans!
Sometimes in life, you come across an opportunity that is just too big to pass up…
A trip of a lifetime, a friend’s wedding, a work or education opportunity in another country, flights to go and visit your loved ones… When an ideal travel opportunity arises, it may not be an ideal time for your bank balance.
Perhaps you’re waiting for some money to come through, but need to book flights before they increase? Perhaps you need to visit a family member, or friend, urgently? Maybe your friends are going on a once-in-a-lifetime trip and you don’t want to miss out?
Travel loans can make your dream trip a reality. Jacaranda Finance is a 100% online lender-finder service, working with money lenders from all over New Zealand who offer travel finance to people just like you!
Want to find out more?
How Do Travel Loans Work?
Travel loans are just the same as any other kind of personal loan. You borrow a set amount and commit to repaying the loan over a pre-agreed time period.
You will pay a certain amount of interest on the amount you borrow. This will depend on how much the loan is for, and how long you need to pay it back. Interest rates vary from lender to lender, but you will receive a full breakdown of the cost before you sign a contract.
How Can Jacaranda Help?
A quick search online and you’ll see plenty of lenders offering travel loans. So why do you need our help?
We Can Save You Time
By entering your loan requirements and personal info in our one simple application form we put your application in front of hundreds of lenders at once. This means you don’t have to wait around for days, or weeks, for an answer from separate lenders. We aim to give you an answer within a day if applying during business hours, or the next business day if not.
You’ve Got More Chance Of A ‘yes!’
Because your application is put in front of multiple lenders, you have more chance of getting the loan you want at a rate that’s agreeable to you. We work with lenders who consider people with a huge range of different personal and financial circumstances, so you’ve got a pretty good chance of being accepted if you meet the essential criteria.
We Protect You
Whilst you’d like to trust everyone, the internet is an unregulated place and there’s plenty of less-than-trustworthy companies willing to take your money. We only work with reputable and honest lenders who provide all of their interest rates upfront. No surprise charges or premiums. We ensure full transparency when taking out travel loans.
We take the security of your personal information very seriously. We are partnered with security giants McAfee and Comodo to make sure that your personal data is secure. We only share your information with the lenders you are applying to.
Helping New Zealanders To Travel The World
We are proud to help customers all over New Zealand access the quick loans they need. From Auckland to Christchurch and Wellington, we believe the world should be your oyster. Whether it’s travel loans for students to enjoy their gap year, or loans to travel the world at any other time of life, we can connect you with a lender to make it happen.
Who Can Apply?
Our application criteria are pretty simple really. You just need to be able to say an enthusiastic ‘YES!’ to the following things:
- Be at least 18 years old or over;
- Have a valid contact phone number;
- Have a contact email; and
- Be employed, and able to show proof of income for the past 90 days.
Upon applying you will be asked to provide a recent bank statement showing your income for the past 90 days. This will be stored as a read-only version for the lender’s reference.
Lenders may also carry out an employment check to confirm that you are employed. Do not worry, they will not divulge any confidential information about the loan you are applying for.
Can I Apply For A Travel Loan If I Have Bad Credit?
Jacaranda doesn’t believe that bad credit history should mean bad credit future! We are proud to work with lenders who offer travel loans for bad credit. Some of our lenders don’t require a credit check and will make a decision based on other information you have submitted.
Can I Apply If I Receive Government Benefits?
Yes! We want to be as inclusive as possible when it comes to matching you with a lender. We work with lenders who offer loans to people receiving government benefits. All credit providers must conduct an assessment to ensure that what they’re offering you is affordable and suitable.
Let Us Walk You Through The Process…
Our application-to-loan journey takes place in just three easy steps:
- Apply: You’ve got to be in it to win it after all! Our free, and easy-to-use loan application form will only take up a few minutes of your time. We ask for basic information about your circumstances, the loan you’re looking for, along with your personal details. We will also ask you to upload a copy of your bank statement.
- We Find You A Lender: Once you’ve hit the submit button, our engines will start whirring, looking to match you with your ideal lender. This can be as quick as one hour if you apply within normal business hours. If not, we’ll get back to you the following business day.
- It’s A Match: Once we’ve found you a lender who can offer the loan you want, we will be in touch. The lender may ask for additional information to verify your application such as bills, payslips or identity documents, but that will vary from lender-to-lender. Once you’ve looked over their proposed contract and you’re happy with it, all you need to do is sign, and a repayment plan will be set up. The lender will give you a copy of the contract for your safekeeping.
Our information statement gives you some information about your rights regarding your loan. It is useful to read before any contract is signed.
What If I’m Not Happy With The Loan I’m Offered?
You are under no obligation to accept any loan you’re offered. If you read the terms and you’re not happy – simply say ‘no, thank you!’. Nothing is paid to us, or the lender until the contract is signed.
How Much Can I Borrow?
We understand that trips come in all different shapes and sizes, which is why we work with lenders offering loans from $300 to $10,000. Repayment terms vary from 12 to 24 months depending on the size of your loan and individual circumstances.
How Much Do Travel Loans Cost?
The total cost of your loan will depend on
- How much you borrow
- The length of your repayment terms.
- Your individual circumstances
Below is an example of how much a loan might cost:
- 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%
The interest rate you will pay on your loan can vary between 1.5% and 20% per month.
*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.
Need A Rough Cost Estimate For Your Loan? Try Our Loan Calculator!
Using the sliders to adjust the amount you need and repayment term, our handy loan calculator can provide you with a cost estimate for your loan.
Note: This is only an estimation and you will not receive final rates until you receive your loan contract from a lender.
How Do Repayments Work?
Your repayment schedule will be set up directly with your lender and agreed before a contract is signed. The arrangement will usually be a direct debit going directly to the lender on a weekly, or monthly, basis.
If your circumstances change at all and you can’t afford to make repayments or want to pay the balance off early, contact your lender. They should be able to make changes to reflect your circumstances.
Want To Find Out More?
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.