Legal Loans

Using a loan to cover your legal fees can provide peace of mind during what can be an emotional or stressful time. You have the confidence of knowing that any costs associated with legal proceedings, from hiring a lawyer to sourcing mediators or property evaluators, are covered. 

Legal loans work much the same as any loan you apply for from Handy Finance. You can apply for a loan between $2,001 and $75,000 to be repaid over one to seven years. After you apply online, our credit experts will evaluate your application and offer you terms based on your financial situation. All legal loans are secured and come with a fixed interest rate – whatever your final loan sum and terms are, you can be assured that your repayments will remain the same over the loan’s lifetime. There is only an establishment fee for all Handy Finance loans – no other regular fees are charged. There is also no additional fee for early repayment.

The eligibility criteria for legal loans are the same as those for other Handy Finance personal loans. 

• You must be 18 years of age or older
• You must be an Australian citizen or permanent resident
• You must be currently employed, which includes self-employment
• You must not have a history of bankruptcy or be party to a court judgement (regarding your finances)
• You must not have any outstanding or unpaid defaults. 

Yes. At Handy Finance, our credit team conducts a credit check on all personal loans, including any customers applying for legal loans. Your credit score is part of the crucial information determining the fixed interest rate you will be offered as part of your loan. 

If you have concerns about your credit score, you can check it before applying for a loan. This can give you an idea of what your current score is and allow you time to plan to improve it.

Any funds you borrow under a legal loan must be used to finance legal services. A legal loan can help with a range of costs associated with legal proceedings, such as hiring a lawyer, property or asset valuers, and mediation or arbitration services. Funds can be used to fully or partially cover legal expenses.

This will depend on the circumstances. Seek advice from your lawyer on this.

This can depend on the final course of action that you choose to take. Generally, securing a solicitor or barrister for court proceedings will be much more expensive than pursuing arbitration or mediation. Consult a legal advice service for more information on your specific situation. 

There are many resources online that can help you locate the right family lawyer for you. You can reference this list of family law experts from the Law Council of Australia or head to the Attorney-General’s Department for further legal assistance services.

This will depend on your specific circumstances and the advice of your lawyers.