Buying your next car from a dealership? A fast online car loan from Jacaranda Finance could be just what you need.
*Subject to lending criteria, T's and C's'
*Subject to lending criteria, T's and C's'
With competitive interest rates and no hidden fees, our Car Loans are designed to be fast, fair, and, above all, affordable. See the table below for a quick guide to our fees and charges, or visit our fees page for more information.
There are two paths you can take when buying a car: purchasing privately and purchasing through a dealer. Although we can support both options, there are several key reasons to choose the latter.
The main reason is that receiving a car loan for a dealership sale is often much simpler. As dealerships are accredited to sell and the sale will be legitimate, we only require an invoice from them and and we will directly transfer them the funds.
With a private seller, however, we will require more information and documentation from both you and the seller. For example, we will need the seller's ID, their registration, and need to verify the seller's bank details too.
We Make Applying Easy
We know how important it is to receive your funds in a timely manner. As a hard-working Australian, you don’t have time to waste on needless paperwork.
That’s why our loan application process has been perfected over time to be as simple and quick as possible.
| Pros | Cons | |
|---|---|---|
| Dealerships | Higher quality of cars Legal protections for customers No risk of the car being encumbered (still has finance on it) Additional services available Faster to apply for a car loan, requires less paperwork |
Less choice of car available Cars can be more expensive Dealers can try to pressure you into sales They might try to sell you unnecessary add-ons |
| Private sales | Cars can be cheaper overall You have more flexibility and choice Better freedom to negotiate on price |
Fewer legal protections and warranties for customers More responsibility on you and the seller (more paperwork) Higher chance the car could be encumbered Easier to get wrong if you're not familiar with the process |
In addition to cars from dealerships, you can also use a Jacaranda Finance car loan for the following:
You can get both brand new and used cars with a Jacaranda Finance car loan, whichever suits you best. It doesn't matter what model it is, as long as it's roadworthy and fits within our maximum loan amount, you could be eligible to get a car loan for it with Jacaranda.
Have some more questions about buying a car from a dealership? Our frequently asked questions might help.
There are a couple of extra things we may need from you depending on whether you're buying from a private seller or a dealership:
You could still qualify for a Car Loan in no time thanks to our fast online application process, regardless of whether you choose to buy privately or from a dealership.
The basic eligibility criteria you must meet before submitting an application for our Car Loan are as follows:
We accept a wider range of credit history than a bank or a prime lender, but we do not recommend submitting an application if:
In addition to qualifying, we have specific requirements for car loan applicants. Generally speaking, however, the car will be eligible as long as it's roadworthy and fits within our maximum loan amount. Get in touch with us if you need more information on our eligibility requirements.
Yes. Our conditional pre-approval can give you the confidence to know how much you can borrow, so you can buy the right car when you find it. Most new applications are processed with conditional approval on the same day during normal business hours once all supporting information required has been provided2.
See our car loan pre-approval page for more information on how this process works.
Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner.
Applying for a Car Loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as, but not limited to, how fast you are at typing or if you have all the required information on hand.
For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day during normal business hours2. We do not guarantee same-day outcomes for all customers: customers who apply outside of business hours, or customers who are required to provide additional information may experience a longer timeframe.
Before you formally apply with Jacaranda, you can check if you qualify for a loan in a way that does not impact your credit score. We do this by performing a 'soft' credit check that is only visible to you.
If you don't meet our initial criteria, your credit score won't be affected.
Once you've checked your eligibility and we've let you know that you do qualify for a loan, you have the option to move forward with a full application.
We will perform a credit assessment during this process, which involves checking your credit report. By submitting a full application, you authorise Jacaranda Finance to obtain a copy of your full credit file, referred to as a 'hard' credit check.
Other lenders will be able to see that you applied for a loan with Jacaranda.
This might impact your credit score.
Review our Privacy Policy for more information.
Your repayments will vary depending on several factors, such as the amount you borrow, your loan term, interest rate, and more.
If you're approved, the loan contract will include all of the loan details, including the repayments, terms, interest rate, and fees, for you to review before signing.
Use our loan repayment estimate calculator to get a guide on what your repayments could be based on some of these factors. Visit our rates and fees page to get an idea of the rates, fees, and charges associated with our loan products.
Yes, you can cancel your loan application at any point. Simply contact our application concierge team, and they will be able to assist you. Alternatively, reply to any SMS or email we have sent you to withdraw your application.
If you've already received your funds, we offer a 48-hour cooling-off period for all loan products. Anyone unsatisfied with their loan for any reason can return the total principal funds, including any payments made to third parties on your behalf, within a 48-hour cooling-off period and cancel their loan.4
$3,000 - $25,000
