No, if you are approved for a joint loan with Handy Finance, you and your co-borrower are responsible for the entire loan. If one of you can’t make repayments, the other will have to cover or you’ll risk defaulting. This is why it is important to carefully consider your co-borrower before applying for a joint loan.

You can apply for a joint loan with your de-facto partner, spouse, parent, sibling, or other family member, as long as you reside at the same address and both borrowers benefit from the loan. It is always important to carefully consider who your co-borrower is, and you’ll want to make sure you are both open and transparent about your current financial situation before submitting any joint loan applications.

Handy Finance joint loans range from $2,001 to $100,000 per applicant for home improvement projects and motor vehicles, and up to $75,000 per applicant for other purposes. The final amount you’re approved to borrow will depend on your needs, joint income, and individual credit ratings.

The repayment terms of a joint personal loan from Handy Finance are the same as our other personal loans. You can repay your joint loan over one to seven years (or to 10 years if it’s a green loan) in weekly, fortnightly or monthly instalments – you can contact our team to adjust the frequency of these payments too if your financial circumstances change while repaying your loan. Handy Finance joint loans also have a $0 early repayment fee, so if you are able to repay your loan early, there are no additional costs.

You can use Handy Finance’s Loan Calculator to get an idea of what your indicative repayments might be.

A Handy Finance Joint Loan allows for two people on the loan application. The person joining you to apply for the loan doesn’t have to be a partner or spouse – they can also be a family member, as long as you reside at the same address.

You can apply for a Handy Finance Joint Loan online. We’ve streamlined the process to make it as easy and simple as possible. Submitting your application usually takes just a few minutes, and you can receive an indicative quote within minutes of submission.

Applying for a joint personal loan from Handy Finance is straightforward – the application process can be done online. Make sure you’ve gathered together all the relevant documentation you need, including ID and bank statements. You can receive an indicative quote for your joint loans within minutes of applying. Once your joint loan is approved, you and your co-borrower can get your funds settled within 24 hours.

The criteria you need to meet for a Handy Finance Joint Loan are the same as any of our other personal loans. Both applicants for the loan must meet this criteria.

To apply for a joint personal loan, you and your co-borrower must be at least 18 years of age, an Australian citizen or permanent resident, and employed (or self-employed) with regular income. It is also important that neither of you have a history of bankruptcy or financial hardship with other loan providers.

Yes, we do! You can apply for pre-approval for your joint loan online. A major benefit of pre-approval is that it may give you and your co-borrower an indication of your buying power, helping you make purchases with a budget in mind.

A fixed-rate loan means that your interest rate will remain the same throughout your loan term. Fixed-rate loans are completely transparent from day one – because the rate doesn’t change, you know exactly how much you will be repaying and how often for the entirety of your loan. Handy Finance only offers fixed-rate joint loans.

Handy Finance offers interest rates based several factors including personal credit history and financial situation. You can find your personalised indicative rate in just a few minutes with our free quote. Please note that this rate is just an estimate, and it won’t affect your credit score.

Traditional bank lenders tend to have higher operating costs, which can result in higher rates. Handy Finance aims to keep rates low by keeping operating costs down to make finances less daunting and allow people to live life to the fullest.

With Handy Finance, you can repay for up to seven years, or 10 when applying for a green loan. Repayments are made weekly, fortnightly or monthly.

Repayments on Handy Finance loans can be made weekly, fortnightly or monthly. You must use direct debit for all scheduled repayments. To make repayments ahead of schedule, log into your borrower dashboard using BPAY.

If you are experiencing financial hardship and have difficulty meeting your repayments, please contact the Handy Finance team on 1300 990 115 or [email protected].