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Simple, Fast, Low Rate Personal Loans

In need of some funds for your next big idea. Handy offers low rate personal loans, so you can get your plans underway.

  • Interest rate from
    6.57%p.a.*
  • Comparison rate
    7.19%p.a.*
A great rate is just a few steps away
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Why Handy Finance?

The goal of a loan is to make your life easier, so you shouldn’t have to stress about it.

That’s why Handy makes personal loans simple. See how much you can borrow with our loan calculator, apply online and get indicative pre-approval for up to $75,000 almost instantly.

With great personal loan rates for your circumstances, no hidden fees and flexible terms, getting a personal loan has never been easier.

The Process

3 quick and easy steps to securing your loan

Get a Free Quote

Obtain an indicative rate quote in minutes, without impacting your credit score!

Apply in Minutes

If you’re happy with your Quick Quote, you can finalise the application online. No printing. No paper. No fuss.

Get Your Funds

You will receive an indicative decision in seconds. Once approved funds should be in your account within 24 hours

Get a quote
Get a Free Quote icon
Get a Free Quote icon
Get a Free Quote icon

Get a Free Quote

Obtain an indicative rate quote in minutes, without impacting your credit score!

Review
Apply in Minutes icon
Apply in Minutes icon
Apply in Minutes icon

Apply in Minutes

If you’re happy with your Quick Quote, you can finalise the application online. No printing. No paper. No fuss.

Get funds
Get Your Funds icon
Get Your Funds icon
Get Your Funds icon

Get Your Funds

You will receive an indicative decision in seconds. Once approved funds should be in your account within 24 hours

Personal loan calculator

Estimate what your repayments could look like so you can start your journey with complete transparency.

Calculator
Calculator
$25000
4 Years
Select repayments type
Your Repayments From
$254.85
per week
This will not impact your credit score
Indicative Rate From
6.57%
Comparison Rate From
7.19%
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Fund
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
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Handy loans to help kick start your next big idea

Whether you’re looking to remodel your dream kitchen or put the finishing touches on an expanded living space, a handy reno loan can help kick off your project.

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A quote won’t impact your credit score

Frequently Asked Questions

Personal loan basics

A personal loan is when you borrow money for personal things like paying off other debts, going on holiday, or fixing up your home. With Handy Finance, you can get a flexible loan that lets you pay back more than the minimum amount (these are called lump sum payments) whenever you can, without any extra fees for paying off your loan early. You’ll pay back the loan regularly – every week, every two weeks, or every month – over a set period. This makes it easy to know how much you need to pay and when so you can budget better.

An unsecured personal loan is a type of personal loan that doesn’t need an asset, like a car or property, as collateral. It allows for flexibility and can be used for many purposes, like consolidating debts or funding significant purchases or expenses. However, these loans may come with slightly higher rates than secured loans due to the greater risk the lender has.

A secured personal loan is when you borrow money and use an asset you own, like your car or house, as a guarantee. These loans usually have lower interest rates because there’s less risk for the lender. If you can’t pay back the loan, the lender has the right to take possession of the asset to recover the funds.

Handy Finance Personal loans can cover many different costs, such as debt consolidation, home renovations, travel, medical expenses, investments and other significant purchases, such as buying a new car or putting a deposit on a wedding venue. This means you can easily use our Handy Finance Personal Loans for a range of personal needs in your everyday life.

At Handy Finance, loan purpose is considered as part of our assessment process. Our personal loans are not for business purposes and are only for personal use. Personal loans can also not be used for illegal or unethical activities, such as gambling or funding illicit transactions. Got more questions? Give the Handy Finance team a call. We’d be happy to talk through our personal loan terms in more detail.

Eligibility and application

The eligibility for our Handy Finance Personal Loans includes: 

– Be 18 years of age or older.

– Be a citizen or permanent resident of Australia.

– No outstanding or unpaid defaults.

– Have no history of bankruptcy, nor be party to court judgment.

– Not be in hardship with a different financial provider.

– Have a regular income via active employment, whether employed or self-employed.

It may be tricky to get a Handy Finance Personal Loan if you have defaults. We look closely at each application, checking your credit score and past financial behaviour. If you’ve had trouble paying back loans before (defaults), it could make it harder to get a new loan. This is why keeping your credit report in good shape is important.

You might be eligible for one of our Handy Finance Personal Loans if you meet our requirements. You can check out what these are here. We look at things like your income and credit history to see if our loans are a good fit for you. 

There is! You can apply for a personalised quote through Handy Finance, which can give you a better idea of your borrowing power. It is quick and easy to apply for a quote online, and requesting a quote won’t have any impact on your credit score. Any estimates provided do not constitute an offer or final approval of finance.

Yes, you can still apply for a personal loan even if you’ve got another loan, either with Handy Finance or another lender. Just make sure you don’t have any unpaid defaults and that you meet our other eligibility criteria.

Financial terms and rates

Handy Finance ensures borrowers with a good credit history are rewarded with better rates. Handy Finance will offer you an interest rate based on your personal credit history and evaluation against our credit scorecard. You can receive an indicative rate estimate in just a few minutes via our online application form. Any estimates provided do not constitute an offer or approval of finance. Your repayment amount and interest rate will be confirmed if an application is submitted and approved.

At Handy Finance, we don’t charge account-keeping or ongoing fees for our personal loans, making things simpler for you. The only extra charge is an establishment fee. This is a one-time fee added to your loan amount at the start, covering the cost of setting up your loan. It’s included in your total loan amount, so you pay it off over time along with the rest of your loan, with no hidden surprises.

At Handy Finance, we don’t charge account-keeping or ongoing fees for our personal loans, making things simpler for you. The only extra charge is an establishment fee. This is a one-time fee added to your loan amount at the start, covering the cost of setting up your loan. It’s included in your total loan amount, so you pay it off over time along with the rest of your loan, with no hidden surprises.

An advertised rate is what lenders show to give you an idea of the loan cost. This rate will depend on your individual credit score as well as the details you give us in your loan application. Remember, this rate usually doesn’t include all charges and fees, so it’s really only a part of the cost of your loan. That’s why it’s important to look at the comparison rate for the full picture.

A comparison rate is like a clearer price tag on your loan. It includes the interest rate and any fees and charges, all rolled into one rate. This helps you compare different personal loans more easily because it shows the actual cost, not just the advertised rate.

The loan term is the length of time you have to repay your loan. With Handy Finance, you can choose a loan term that suits your financial plan, ranging from 1 to 7 years for personal loans and extending to 1 to 10 years for green loans. Longer loan terms usually mean smaller monthly repayments, but it also means you’ll be paying back the loan over a longer period.

No, you don’t need to worry about stamp duty when taking a personal loan with Handy Finance. Stamp duty is paid when buying property or certain assets, not for personal loans.

Credit score

A credit score is a number that shows how good you are at paying back money you’ve borrowed. It’s based on your past financial behaviour, like paying bills and repaying loans. Lenders look at this score to decide if they should lend you money and on what terms.

You can check your credit score for free with credit bureaus or agencies. It’s a good idea to do this now and then to make sure everything’s on track with your score and to help you with future loans.

In Australia, there are three reputable agencies you can contact for a credit score check. These are Equifax, Experian and Illion.

Improving your credit score can be achieved in several ways. 

  • Pay Bills on Time: One key way to boost your credit score is by always paying your bills and debts on time. This shows lenders that you’re reliable and can manage your finances well.
  • Check Your Credit Report: Regularly checking your credit report is crucial. It lets you see what lenders will see when you apply for a loan. By doing this, you can understand what your credit looks like to a lender and fix any mistakes or incomplete information for a better score.

Be Smart with Credit: Having a variety of credit types, like loans, credit cards, and mortgages, can be good for your credit score. This mix shows lenders you can responsibly pay back all types of credit. These different credits can affect your score differently, but in most cases and over time, this can be seen as a positive by lenders.

Your credit score can change based on several things. Paying your bills on time or not using most of your available credit will help your score. A mix of different types of credit, like a credit card and a personal loan, can be good as long as you manage them well. Applying for a lot of new credit in a short time frame can lower your score. Missing payments, having a lot of debt, or having a bankruptcy on your record can also negatively affect your score.

Loan management

Yes, you can repay your loan earlier and save on your overall interest costs. At Handy Finance, we have a $0 early repayment fee, so you can pay off your loan early without incurring any extra costs.

With Handy Finance, the amount you can borrow ranges from $2,001 to $75,000. We’ll look at your income, credit history, and how much debt you currently have to determine the best loan amount for you. Each loan will match your unique needs to make sure it fits your budget comfortably.