Jacaranda Finance personal loans

Jacaranda Finance Personal loans overview

Prime Credit Personal Loan (Fixed) 

Jacaranda Finance’s Prime Credit Personal Loan (Fixed) could be the perfect way to fund your next home reno or wedding day. This loan is unsecured, meaning you won’t have to put up any assets as collateral. Plus, the rate is fixed so you’ll always know what your repayments will be. Customers can borrow anywhere between $3,000 and $10,000 and opt for a loan term from 1 to 5 years. There’s the choice of a weekly, fortnightly or monthly repayment schedule, as well as the option to make extra repayments and redraws. There’s no monthly service, exit or early repayment fees attached to this loan - just keep an eye out for the hefty application fee and late payment costs. 

Excellent Credit - Fixed Personal Loan Unsecured 

Got an excellent credit score and after a hot personal loan option? The Jacaranda Finance Excellent Credit - Fixed Personal Loan might be the choice for you! With this loan you can give yourself peace of mind knowing the rate is fixed, so your regular repayments will stay the same. Plus, you can choose a weekly, fortnightly or monthly repayment schedule and make free extra repayments and redraws. Another perk is that you won’t need to fuss about putting up your belongings as collateral as this loan is unsecured. And if you're after big ticket items, you’ll be pleased to know you can borrow anywhere between $10,100 and $30,000 and choose a loan term from 1 to 5 years. Keep in mind though, that while there are no monthly service, exit or early repayment charges, you’ll have to budget for a large application fee upfront and late payment costs. 

Jacaranda Finance personal loan features at a glance 

• Repayment options: Both loans offered by Jacaranda Finance allow borrowers to choose from a weekly, fortnightly or monthly repayment schedule. It’s whatever suits you.  

• Extra repayments: Jacaranda Finance gives loan customers the flexibility to make additional repayments towards their balance at no extra charge. This is a handy feature if you find yourself with a little extra cash, like a bonus from work. Plus, there is no early repayment penalty to worry about if you pay down your loan in full ahead of time. 

• Redraw facility: With the Jacaranda Finance loans, not only can customers make extra repayments but there is a redraw facility too. This feature is good if you find yourself needing a cash injection later down the track. While it’s not wise to redraw on your additional payment whenever you want to, it’s good knowing you have the financial back up if you need it. 

• Fees: Jacaranda Finance doesn’t charge monthly service fees, exit fees or early repayment fees. However, there are a couple of charges you should be mindful of, such as the application fee and late payment fee if you miss a regular repayment.

How to apply  

Jacaranda Finance is a digital lender, so applications are done online. In order to qualify for a loan you must meet the following criteria: 

• Be at least 18 years old 

• Have internet banking for the account your income goes into 

• Have a regular income going into a bank account 

• Have a minimum of 90 in bank statements (this can be across multiple banks) 

• Be an Australian citizen or permanent resident

If you satisfy the eligibility requirements above, you will need to supply identification documents to Jacaranda Finance. This could be your drivers licence, photo card or passport. Depending on your case, you may need to supply other supporting documents to a loan specialist (this will be requested if needed).