Funeral Loans

At Handy Finance, we offer secured and unsecured funeral loans. The difference between the two is that a secured funeral loan requires you to offer up a vehicle as security against the loan. It’s an extra layer of assurance for the lender and can lead to more favourable loan terms. Unsecured loans don’t require security, but they can have higher interest rates and less competitive terms, as they are more risky options for a lender.

If you are over the age of 18, an Australian citizen or permanent resident, and currently employed, you are eligible for a funeral loan. You must also be able to prove that you do not have a history of bankruptcy, have any unpaid debts, and be in financial hardship with another lender.

You can use a personal funeral loan to cover all costs associated with your loved one’s funeral and burial. This includes paying for a funeral director and the service, choosing an appropriate coffin, and catering and venue for the wake.

Yes, you can use your funeral loan to pay for the funeral director of your choice.

At Handy Finance, we offer funeral loans between $2,001 and $75,000. You can use this money to cover part or all of the relevant funeral costs.

You can. At Handy Finance, we have a $0 early repayment fee across all our personal loans, including funeral loans. If you are able to pay off your loan in full, you will be able to do so without needing to pay any extra fees.

We offer loan terms between one and seven years for funeral loans. Once you know your loan term, you can nominate to repay the loan in weekly, fortnightly or monthly instalments. You aren’t locked into this repayment schedule either. If you want to change your repayment schedule, call our credit team.

Yes, Handy Finance Funeral Loans can cover overseas funeral expenses. However, any funds approved will be settled in an Australian bank account, not a foreign account.