Jacaranda personal loan repayment calculator

Thinking about taking out a personal loan with Jacaranda? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Jacaranda personal loans compare with other options.

I'd like to borrow

$

Loan term

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Your estimated repayment

at interest rate 10.00 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Jacaranda personal loans rates

Product
Advertised Rate
Comparison Rate*
Repayment
Upfront Fee
Features
Go to site
Company

6.45%

Fixed up to 10.49%

6.45%

$613

based on $20,000 loan amount for 3 years

$0

up to $950

Redraw facility
Extra repayments
Fully drawn advance
Secured
Liberty Financial
More details

5.75%

Variable

6.47%

$606

based on $20,000 loan amount for 3 years

0%

of loan amount up to 5%

Redraw facility
Extra repayments
Fully drawn advance
Secured
Symple Loans
More details

6.49%

Fixed up to 8.99%

6.84%

$613

based on $20,000 loan amount for 3 years

$149

up to $599

Redraw facility
Extra repayments
Fully drawn advance
Secured
Plenti
More details

6.95%

Fixed up to 17.95%

6.95%

$617

based on $20,000 loan amount for 3 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
NOW Finance
More details

6.99%

Fixed up to 9.49%

6.99%

$617

based on $20,000 loan amount for 3 years

$0

up to $995 Establishment fee from 0%

Redraw facility
Extra repayments
Fully drawn advance
Secured
SocietyOne
More details

6.75%

Fixed

7.10%

$615

based on $20,000 loan amount for 3 years

$250

Redraw facility
Extra repayments
Fully drawn advance
Secured
OurMoneyMarket
More details

5.99%

Fixed up to 21.99%

7.26%

$608

based on $20,000 loan amount for 3 years

$140

up to $250 . $140 for loans < $5000. $250 for loans > $5000

Redraw facility
Extra repayments
Fully drawn advance
Secured
Latitude Financial Services
More details

6.95%

Fixed

6.95%

$617

based on $20,000 loan amount for 3 years

$0

Redraw facility
Extra repayments
Fully drawn advance
Secured
Alex
More details

6.81%

Variable

7.80%

$616

based on $20,000 loan amount for 3 years

$199

Redraw facility
Extra repayments
Fully drawn advance
Secured
P&N Bank
More details

7.95%

Fixed up to 8.5%

8.22%

$626

based on $20,000 loan amount for 3 years

$195

Redraw facility
Extra repayments
Fully drawn advance
Secured
Wisr
More details

Learn more about Jacaranda

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

What are the pros and cons of personal loans?

The advantages of personal loans are that they’re easier to obtain than mortgages and usually have lower interest rates than credit cards.

One disadvantage with personal loans is that you have to go through a formal application process, unlike when you borrow money on your credit card. Another disadvantage is that you’ll be charged a higher interest rate than if you borrowed the money as part of a mortgage.

Can I get a no credit check personal loan?

Personal loans with no credit checks are available and called ‘payday loans’. These are sometimes used as short-term solutions for cash-strapped Australians. They often carry higher interest rates and fees than regular personal loans, and individuals risk putting themselves into a worsened cycle of debt.

Which lenders offer bad credit personal loans?

Several dozen lenders offer bad credit personal loans in Australia. These are generally smaller lenders that aren’t household names.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

Will comprehensive credit reporting change my credit score?

Comprehensive credit reporting may change your credit score, either positively or negatively, depending on an individual's situation.

Under comprehensive credit reporting, credit providers will share more information, both positive and negative, about how you and other Australians manage credit products. That means credit reporting bureaus will be able to make a more thorough assessment of everyone’s credit behaviour. That will lead to higher scores for some consumers and lower scores for others.

Can I get a $2000 loan on Centrelink?

If more than half of your income comes from Centrelink benefits, it may be more difficult to have a $2000 loan application approved. Many lenders will check if you can afford a loan’s repayments on the income from your job before they’ll approve an application, and many won’t count Centrelink payments when assessing your income for this purpose.

Some lenders may offer $2000 loans to borrowers on Centrelink – consider contacting potential lenders to check before applying.

Are there alternatives to $2000 loans?

If you need to borrow $2000 or less, alternatives to getting a personal loan or payday loan include using a credit card or the redraw facility of your home, car or personal loan.

Before you borrow $2000 on a credit card, remember that interest will continue being charged on what you owe until you clear your credit card balance. To minimise your interest, consider prioritising paying off your credit card.

Before you draw down $2000 in extra repayments from your home, car or personal loan using a redraw facility, note that fees and charges may apply, and drawing money from your loan may mean your loan will take longer to repay, costing you more in total interest.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

How long does it take to get a $5000 loan?

Depending on the lender, personal loans and medium-amount loans for $5000 can sometimes be approved in under an hour, and give you access to the money the same day. Other loans may take 24 hours or longer to assess your application, and you may not get the money for a few days.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

Do $4000 loans have no credit checks?

Many medium amount loans for $4000 have no credit checks and are instead assessed based on your current ability to repay the loan, rather than by looking at your credit history. While these loans can appear attractive to bad credit borrowers, it’s important to remember that they often have high fees and can be costlier than other options.

Personal loans for $4000 are more likely to have longer loan terms and will require a credit check as part of the application process. Bad credit borrowers may see their $4000 loan applications declined or have to pay higher interest rates than good credit borrowers.

Can I get a $4000 personal loan if I’m unemployed or on Centrelink?

Before most providers of personal loans or medium amount loans will approve an application, they’ll want to know you can afford the loan’s repayments on your current income without ending up in financial stress. Several lenders don’t count Centrelink benefits when assessing a borrower’s income for this purpose, so these borrowers may find it more difficult to be approved for a loan.

If you’re unemployed, self-employed, or if more than 50% of your income come from Centrelink, consider contacting a potential lender before applying to find out whether they accept borrowers on Centrelink.

Can I get a fast loan with bad credit?

Some lenders offer fast loans to borrowers with bad credit. Providers of small payday loans of up to $2000 or medium amount loans of up to $5000 may have no credit checks, though these lenders will usually want to confirm you can afford its loans on your income.