5.5/10

Based on 2 Jacaranda Finance product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Jacaranda Finance personal loans

Digital lender Jacaranda Finance is changing the personal loan game by offering competitive products that weigh up against major banks. So if you’re happy to give an online-only lender a go, take a look at a Jacaranda Finance loan today.

Jacaranda Finance offers the following personal loans

Rates and fees verified as correct at 25 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee  
Express Personal Loan (Secured) (Fixed)

14.95% p.a.to 27.95% p.a.

29.30% p.a.to 42.8% p.a.based on $10,000
over 3 years

$990.00

Go to site
Express Personal Loan (Unsecured) (Fixed)

17.95% p.a.to 27.95% p.a.

32.40% p.a.to 42.8% p.a.based on $10,000
over 3 years

$990.00

Jacaranda Finance Personal loans overview

Jacaranda Finance  - Express Secured Personal Loan

The Secured Express Personal Loan from Jacaranda Finance offers fixed rates on loans over $3,000 and up to $25,000. Loan terms range from 24-48 months for this option, but be wary of the establishment and monthly fees.

However, as this is a secured loan, you will need to provide an asset to guarantee the loan. The addition of securing an asset makes the secured interest rates from Jacaranda Finance cheaper than the unsecured loan, as this provides the lender with more assurance you won't be a risky borrower.

Jacaranda Finance  - Express Unsecured Personal Loan

Jacaranda Finance also offers a Unsecured version of their Express Personal Loan, which allows for loan amounts of $3,000 to $15,000. This loan has a wider range of loan terms, ranging from 24-36 months, allowing you more time to pay it off.

However, there are some hefty establishment and ongoing fees, as well as a risk fee. It's worth noting that for both loans, you will have a flexible repayment cycle.

Jacaranda Finance personal loan features at a glance 

  • Flexible repayment options: Jacaranda Finance offers weekly, fortnightly or monthly loan repayment options to help find a schedule that 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. 
  • Fees: Jacaranda Finance has a couple of charges you should be mindful of, such as the application fee, monthly service fees 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 19 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 driver's 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).

How are Jacaranda Finance personal loans rated?

Mozo users have rated Jacaranda Finance personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Jacaranda Finance personal loans customer reviews
Overall
5.5/10
Price
5.5/10
Features
5.5/10
Customer service
5.5/10
Convenience
5.5/10
Trust
5.5/10
Based on 2 Jacaranda Finance product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Jacaranda Finance personal loan reviews

Jacaranda Finance Secured Personal Loan (Fixed, Prime Credit)
Overall 10/10
Fairly straight forward

Had no problems at all. Straight forward and to the point.

Read full review

Had no problems at all. Straight forward and to the point.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Corrine, Queensland, reviewed over 2 years ago
Jacaranda Finance Secured Personal Loan (Fixed, Prime Credit)
Overall 1/10
Robot generated company, don't bother.

They only rate you on basis on what's on your bank transaction. If they decided you don't qualify for a loan, they will still send you email in a week's time regarding applying for a loan and you decline again. Be aware that this can actually lower your credit rating. The worst part is even if unsubscribed they still keep sending you emails saying that you qualify for a loan. It's run by a bot generated system.

Read full review

They only rate you on basis on what's on your bank transaction. If they decided you don't qualify for a loan, they will still send you email in a week's time regarding applying for a loan and you decline again. Be aware that this can actually lower your credit rating. The worst part is even if unsubscribed they still keep sending you emails saying that you qualify for a loan. It's run by a bot generated system.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Arim, Queensland, reviewed over 3 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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