Don't let bad credit hold you back
any longer.

Jacaranda Finance is an inclusive lender that specialises in fast, simple and fair personal loans. We are bad credit loan specialists and consider other factors than just your credit history when assessing your application. So, even with bad credit, you could be approved for a loan today!

Hear from others we've helped

  • Borrow Up To $15,000
  • Fast Loan Outcomes
  • 60-Second Transfers**
  • Easy Application
  • 100% Online
  • Bad Credit OK

Hear from others we've helped

Get Your Cash In 60 Seconds Once Approved*

We've helped over 50,000 people get approved!

What can I use a bad credit loan for?

You can use your personal loan for just about anything.
Here are some of the common reasons why our customers get a bad credit loan:

Women sitting at table with phone

Am I eligible for a
bad credit loan?

To qualify for a loan with Jacaranda you must:

  • Be over 18 years of age
  • Be an Australian citizen or permanent resident
  • Have received a regular income (for the last 90-days)
  • Have internet banking set up
  • Hold a direct contact number and email address
  • Have a minimum income of $400 per week

How do I get a approved?

Online Application
You can apply for a loin in three simple steps:
  1. Apply online;
  2. Get your quick outcome,
  3. Receive your cache.
  1. 1. Apply online;
  2. 2. Get your quick outcome,
  3. 3. Receive your cache.
Supporting Docs
Have all of your supporting documents ready to go: Basic personal info, 100 points of identification, and online banking login details
Sign Your Contract
We can only transfer your funds once we receive your signed contract. So make sure you have your phone available!
Be Available
We might need more information from you to process your application. In order to get the fastest outcome.

What do I need to
to provide.

To apply online with Jacaranda, we will need these from you:

  • Personal details (i.e. Name, Address, D.O.B.)
  • Your phone number and email address
  • Two most recent payslips
  • The reason for your loan
  • Online banking and employment info
Man sitting in cafe using laptop and checking phone

Reviews don't lie

4.9/5 GOOGLE RATING 1,702 Reviews
4.7/5 PRODUCT REVIEW 1,296 Reviews
4.8/5 WORD OF MOUTH 870 Reviews
4.6/5 trustpilot 537 Reviews

Why Choose Jacaranda
For Bad Credit Loans

Frequently Asked Questions

Want to know more? Find out all the answers to our most common questions about our bad credit loans.

See all FAQs

A bad credit loan is a type of personal loan for people with bad credit history. Generally, if you have poor credit, some traditional lenders consider you a high-risk borrower and you may find it difficult to be approved for a loan. However, at Jacaranda Finance, we take a fresh approach to assessing bad credit loan applications. We don’t just solely focus on your credit score. We consider other factors, such as your income, spending habits, expenses, and other financial commitments, when assessing your application.

If you don’t have a great credit score, the good news is that it’s not permanent. There are some steps you can take to help improve your credit score over time. These include paying your credit and bill repayments on time, limiting the number of credit applications where possible, and checking that the information in your credit report is correct and up-to-date. You can access a free copy of your credit report once a year from each of the credit reporting bureaus in Australia.

We offer bad credit loans from $1,000 up to $15,000, with repayment periods typically ranging from 12 to 36 months. After you submit an application with us, our team will conduct a thorough financial assessment to ensure the loan amount is right for you.

The fees and charges applicable to your loan will depend on a number of factors including how much you borrow. Before entering into a loan agreement, you will be given a credit guide that outlines all your fees and charges. Fees may include interest charges, monthly fees, establishment fees, or any late/default fees (if applicable).

We can provide you with a bad credit loan if you receive Centrelink benefits, provided that we find that you can manage your loan. If you have been receiving your payments for at least 90 days and meet our eligibility criteria, we may be able to provide you with a personal loan.

If your application is submitted during business hours, you could have an outcome within 60-minutes*! However, if we require any additional information, it can take a little longer to hear from us. Just be sure to keep an eye on your phone and email and we’ll get back to you as soon as we can.

To get an estimate of your loan repayments, you can use our online loan calculator. Simply scroll up to the top of the page, use the slider to choose how much you want to borrow and for how long, and click ‘Apply Now’. Please note that actual repayment amounts will depend on your individual financial situation.

*If applied within our standard business hours. 60-minute outcomes are not guaranteed. **If you have an NPP-enabled bank account.