The purpose of a furniture loan is to help you purchase new or vintage furniture items. That can include one or two expensive pieces or several items to help you fully furnish your home.

You can use the furniture loan to buy new or secondhand furniture, including things like bed frames and mattresses, TV cabinets, couches, dining tables and chairs and outdoor furniture sets.

Yes, your furniture loan can be used to pay for furniture or appliances for every room of the house. It’s common to use a furniture loan to cover the cost of dishwashing machines, clothes washing machines, dryers and fridges.

Your financial situation and credit score determine the rates for your furniture loan. Handy Finance aims to offer low, competitive interest rates on all loans. All interest rates are fixed, and loan terms range from one to seven years. Once your application is submitted, you can receive an indicative quote within minutes, including your interest rate and loan terms.

You can apply for a loan with Handy Finance between $2,001 and $75,000. The final loan amount you are approved for will be based on your financial situation and application.

While we can’t advise on approval before we review your application, there are a few ways to better understand your borrowing power and the terms you might be offered. You can use the Handy Finance Loan Calculator, which provides an indicative interest rate and repayment sum based on the loan amount, loan term and credit score you input. Another option? Apply for a free quote online, which will provide you with indicative terms and won’t affect your credit score.

Your final interest rate, fees associated with the loan and repayment frequency will determine your final repayments. Your repayments are the final loan amount plus the fixed interest rate, split over the final loan term. You can choose your repayment schedule. Opt to make your repayments each week, fortnight or month as fits your budget. You can use our personal loan calculator to see an estimate of what your loan repayments may be and the total amount of interest you are likely to pay.

The interest rate you receive on your furniture loan is based on your financial situation and credit score, so it will change from person to person. At Handy Finance, all our personal loans have fixed interest rates. This means that once finalised, your rate is set rather than subject to market fluctuations.

You can! At Handy Finance, we have a $0 early repayment fee, meaning you can pay off your loan early without applying any extra fees.

The way to extend your loan term is to refinance your furniture loan. Refinancing is very common for customers whose financial situation may have changed since first applying for the loan, and it can give customers a viable alternative to defaulting on the loan. At Handy Finance, our credit experts can help you refinance a current Handy Finance loan or one from another lender.

Furniture loans at Handy Finance can be secured or unsecured. Secured loans require providing security, usually a vehicle, as a guarantee for the lender. This may result in lower interest rates, making the loan more affordable and appealing.

You can – to be eligible for a furniture loan with Handy Finance, you must be currently employed, and that includes self-employment. The other eligibility criteria state that applicants must be over 18 years of age and a citizen or permanent resident of Australia. The applicant must not have any outstanding defaults, a history of bankruptcy or financial hardship with another provider.