Am I eligible for shed financing?

To apply for a shed payment plan, there are a few basic requirements to meet. You’ll need to:

• Be at least 18 years old

• Be an Australian citizen or permanent resident

• Have a steady source of income that shows you can manage ongoing repayments

• Provide supporting documentation, such as a valid photo ID and recent proof of income

These requirements help us assess applications according to our responsible lending obligations. If you meet the criteria and have everything ready, the application process is quick and straightforward.

The perks of shed payment plans

Shed financing makes it easier to get the space you need without stressing over the cost. They’re designed to be flexible, so you can easily manage your payments in a way that works for your budget. Here’s how they make things more manageable:

• Spread the cost over time.
  Buying a shed shouldn’t put a strain on your finances. Handypay lets you break the cost into manageable repayments that better suit your budget. Instead of paying it all at once, you can spread the cost over a payment plan term that works for you – making your shed more affordable without the financial stress.

• Pick a repayment plan that fits your budget.
  You’re in control – choose a schedule that works for you, whether that’s weekly, fortnightly, or monthly. With our fixed rates, your repayment amounts stay the same throughout your loan term, so there are no surprises.

• Get started without any upfront deposit.
  With Handypay, there’s no need for an upfront deposit. Start your shed project without needing a large initial payment, reducing the immediate financial pressure while still getting the space you need.

How shed finance works

We’ve made it easy to apply for a shed payment plan. All you need to do is:

1. Fill out a quick online application.

2. Provide a few key details, including your ID and recent bank statements.

3. Submit the application and wait for approval.

4. Once approved, funds are typically available in your account within 24 hours