Frequently Asked Questions

Find answers to common questions about our products, services, and application process

General Questions

What is Jokuda and what services do you offer?

Jokuda is an online broker specialising in business and consumer lending solutions. We offer a comprehensive range of products including business loans, asset finance, commercial property loans, personal loans, home loans, car finance, credit cards, and debt consolidation services. Our mission is to provide accessible, transparent, and competitive financial solutions to help Australians achieve their financial goals.

Are you licensed and regulated?

We are currently in the process of acquiring our Australian Credit Licence as part of our commitment to regulatory excellence. We are a proud member of the Australian Financial Complaints Authority (AFCA), ensuring independent dispute resolution for our customers. Our technology-driven platform operates in full compliance with all relevant Australian financial services laws and regulations, including the National Consumer Credit Protection Act 2009, providing you with secure and transparent financial services.

How do I contact customer support?

We offer multiple ways to get in touch:

  • Phone: 1300 JOKUDA (1300 565 832) - (not currently active) Monday to Friday, 8am to 6pm AEST
  • Email: [email protected]
  • Live Chat: Available on our website during business hours
  • Online: Submit an enquiry through your account dashboard

For urgent matters outside business hours, you can leave a message and we'll respond within 24 hours.

Application Process

How long does the application process take?

Our streamlined application process typically takes:

  • Initial application: 10-15 minutes to complete online
  • Document review: 1-2 business days
  • Approval decision: Within 24 hours for most applications
  • Funds disbursement: 1-3 business days after approval

Complex applications or those requiring additional documentation may take longer. We'll keep you updated throughout the process.

What documents do I need to apply?

For Business Loans:

  • • Australian Business Number (ABN)
  • • Business financial statements (last 2 years)
  • • Bank statements (last 6 months)
  • • Tax returns and BAS statements
  • • Business plan and loan purpose details

For Personal Loans:

  • • Proof of identity (driver's licence, passport)
  • • Proof of income (payslips, tax returns)
  • • Bank statements (last 3 months)
  • • Employment details

For Home Loans:

  • • All personal loan documents above
  • • Property details and valuation
  • • Deposit confirmation
  • • Insurance information

Can I apply if I have bad credit?

Yes, we consider applications from individuals with various credit histories. While we do perform credit checks, we take a holistic approach to assessing applications. We consider factors such as current income, employment stability, existing debts, and the purpose of the loan. If you have concerns about your credit history, we recommend speaking with one of our loan specialists who can discuss your specific situation and available options.

Rates and Fees

What are your current interest rates?

Our rates vary by product and are subject to change. Current rates include:

  • Business Loans: From 6.5% p.a. (variable)
  • Personal Loans: From 7.9% p.a. (fixed)
  • Home Loans: From 5.8% p.a. (variable)
  • Car Finance: From 6.9% p.a. (fixed)
  • Asset Finance: From 7.5% p.a. (fixed)

Rates are determined based on factors including loan amount, term, security, and credit assessment. Contact us for a personalized quote.

What fees are involved?

We believe in transparent pricing. Our fee structure includes:

  • Application Fee: $0 for most products
  • Establishment Fee: $0 for personal loans, $250 for business loans
  • Monthly Service Fee: $0 for most products
  • Early Repayment Fee: $0 for most products
  • Late Payment Fee: $15 per missed payment

All fees are clearly disclosed in your loan agreement. We don't charge hidden fees or penalties for early repayment on most products.

How is interest calculated?

Interest is calculated daily on the outstanding balance and charged monthly. For fixed-rate loans, your interest rate remains the same throughout the loan term. For variable-rate loans, the rate may change based on market conditions. We use a simple interest calculation method, and you can make additional repayments to reduce the total interest paid over the life of the loan.

Repayments and Account Management

How do I make repayments?

We offer multiple convenient repayment options:

  • Direct Debit: Automatic monthly payments from your nominated account
  • BPAY: Pay using your online banking or phone banking
  • Online Banking: Transfer funds through your bank's online platform
  • Mobile App: Make payments through our mobile application
  • Phone: Call our customer service team

You can also set up additional repayments or change your payment frequency through your online account.

Can I pay off my loan early?

Yes, you can pay off your loan early on most of our products without any early repayment fees. This includes making additional repayments or paying the full balance. Early repayment can save you significant interest costs. You can make additional payments through your online account, mobile app, or by contacting our customer service team. We'll provide you with a payout figure if you want to close your loan early.

What happens if I miss a payment?

If you miss a payment:

  • • We'll send you a reminder notice within 7 days
  • • A late payment fee of $15 may apply
  • • Your credit report may be affected if payment is more than 14 days late
  • • We'll work with you to arrange a payment plan if needed

We understand that financial difficulties can occur. If you're having trouble making payments, please contact us immediately. We're here to help and can discuss options such as payment extensions, hardship arrangements, or loan modifications.

Security and Privacy

How do you protect my personal information?

We take your privacy and security seriously:

  • • All data is encrypted using industry-standard SSL/TLS protocols
  • • We comply with the Privacy Act 1988 and Australian Privacy Principles
  • • Personal information is only used for the purpose for which it was collected
  • • We have strict internal controls and access protocols
  • • Regular security audits and penetration testing
  • • Secure data centres with 24/7 monitoring

You can view our full Privacy Policy on our website or request a copy by contacting us.

Do you share my information with third parties?

We only share your information with third parties when necessary for providing our services, such as credit reporting agencies, property valuers, or legal requirements. We never sell your personal information to third parties for marketing purposes. Any sharing of information is done in accordance with our Privacy Policy and applicable laws. You can opt out of certain types of information sharing by contacting our privacy officer.

Still Have Questions?

Can't find the answer you're looking for? Our customer support team is here to help you with any questions about our products and services.