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 interest rates. 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.

To be eligible for a funeral loan, you must be over 18, an Australian citizen or permanent resident, and currently employed. You also need to demonstrate that you do not have a history of bankruptcy, have no unpaid debts, and are not experiencing 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 funeral loans with terms ranging from one to seven years. Once you’ve chosen your loan term, you can select weekly, fortnightly, or monthly repayments. If your circumstances change, you can adjust your repayment schedule by contacting 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.