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Flexible, Affordable Personal Loans

Get a free no-obligation pre-approval in minutes

  • Interest rate from
    6.57%p.a.*
  • Comparison rate
    7.19%p.a.*
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A quote won’t impact your credit score

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Pre-approval with simple and affordable payment solutions

  • Plan ahead

    Plan for the future

    Make plans with a budget that works for you. With Handy Finance, you can secure a pre-approved finance limit so that you can plan ahead with peace of mind.

  • Terms

    No obligation 1-month validity

    Handy Finance pre-approvals are valid for one month. During this time, no repayments will begin. This gives you time to plan for the future without the pressure to start repayments.

  • Apply

    Easy to apply

    Apply online in minutes for a pre-approved finance limit. Once approved, Handy Finance will place the funds on standby for you until you are ready, so you’ll know your loan is secure.

  • Quick

    Quick and Handy

    With our digital capability and dedicated onshore customer service team, you can access your pre-approved funds within 24 hours. Apply online – anytime, anywhere!

4 quick and easy steps to securing your pre-approval

Take a pre-approval with you for your next purchase

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Apply online

Complete your application online. Submit all of the required documentation.
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Get pre-approval

Our dedicated team will come back to you within hours and provide you with the amount best suited for your needs.
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Make a plan

Think about when and how to make the most out of your loan – we’ll hold your funds for up to one month.
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Repay when ready

When you are ready to get started, settle your loan within as little as 24 hours.

Minimum Eligibility Criteria

Who can apply?

  • Must be over 18 years
  • Australian Permanent Resident or Australian Citizen
  • Must receive employment income
  • Must be for consumer use only

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A quote won’t impact your credit score

Handy Guide

Personal loan pre-approval at Handy Finance

Personal loan pre-approval is your chance to understand your borrowing power better. When you apply for your loan, if pre-approved, you will receive a conditional offer from us that states the loan amount you will likely be approved for and the loan terms. The process is the same as applying for a loan. You’ll get up to a month to review the loan terms before settling the loan.

Handy Guide

Benefits of getting personal loan pre-approval

Pre-approval is an excellent way to know your borrowing power before settling your loan. It can give you an idea of what your repayments will be and what interest rate you’ll qualify for. We offer fixed rates, so there won’t be any repayment surprises once you start paying off your loan.  

At Handy Finance, your pre-approval is valid for one month – you can take your time to think over the details of the loan, plan, shop and budget, all before settling your loan. 

Eligibility criteria for loan pre-approval

To get pre-approved for a loan with Handy Finance, you need first meet the eligibility criteria. You must have a steady income via employment or self-employment, a good credit history, be an Australian citizen or permanent resident and be over 18 years of age. You must also not have a history of bankruptcy or outstanding or unpaid defaults. 

Meet all of these criteria? You can go ahead and apply for your loan with Handy Finance online. All you need to do is submit your ID (passport, driver’s license), proof of income (bank statements) and any other financial documents that will help your application. 

As part of the approval process, our credit experts are required to verify your expenses and income. We do this through the Illion Bank Statement service. This is a secure service, and neither Handy Finance nor Illion can make transactions on your account via this service. We will receive three months of bank statements via Illion to finalise your loan. If you want to learn more about this process, visit bankstatements.com.au. It is also possible for you to manually upload your bank statements, but this will increase the processing time of your application.

Once our credit experts have everything they need, they will review your application and let you know your pre-approved finance limit.

Get pre-approved for your loan with Handy Finance

Curious about your borrowing power? Get pre-approved with Handy Finance and explore your options without impacting your credit score. Our simple online application takes just minutes, and you’ll receive an indicative offer outlining your personalised interest rate. It’s a stress-free way to plan your finances and make informed decisions.

With Handy Finance, you’re one step closer to achieving your goals.

What information do I need to have ready?

We strive to make applying for a Handy Finance Personal Loan as simple as possible. To ensure a smooth application process, make sure you have the following information readily available:

  • ID/Driver’s Licence: A valid ID or driver’s licence is a prerequisite for verifying your identity.
  • Income Verification: We need to check your income at Handy Finance to ensure the loan fits your budget. This is part of our responsible lending approach.
  • Bank Statements: We use the Illion Bank Statement service to quickly and securely check your last three months’ bank statements. It helps us understand your spending and how much you earn. This way, we can process your loan faster. If you like, you can upload your bank statements yourself, but it might take a bit longer to get your loan sorted.

What loan rates can I expect?

At Handy Finance, we aim to offer competitive and transparent rates for your personal loan. While your specific rate will depend on your credit history and finances, at Handy Finance, the interest rate will start from 6.57% p.a.* (comparison rate 7.19% p.a.). Your repayments include not only the interest rate but also the establishment fee, which we add to your loan amount for setup costs. With Handy Finance, you won’t have to pay any exit or early repayment fees. As long as your repayments are on time, you’ll never find another hidden fee in your bill. You can learn more about Handy Finance Personal Loan rate fees here.

Fixed-rate vs variable-rate

What’s a fixed-rate loan?

A fixed-rate loan means that the interest rate stays the same throughout your loan term. At Handy Finance, our Personal Loans come with fixed rates – this means your repayments remain the same, making budgeting easier. You won’t have to worry about market changes affecting your repayments for added peace of mind.

What’s a variable-rate loan?

On the other hand, variable-rate loans have interest rates that can change based on the market. This means your repayment amount can go up or down. While these loans may not have an exit fee, depending on the lender, their unpredictability can be a bit tricky to manage.

Why choose fixed rates at Handy Finance?

We choose to offer fixed-rate loans because they bring stability. You always know what you’re paying each week, month or fortnight with no surprises. Plus, even though it’s a fixed-rate loan, we don’t charge you extra for paying off your loan early or making additional repayments. This gives you the best of both worlds: predictable repayments and the flexibility to manage your loan on your terms.

Frequently asked questions

Need help with something? Here are our most frequently asked questions.

The basics of pre-approval

Personal loan pre-approval does have a shelf-life. At Handy Finance, we have a pre-approval period of one month. We will reassess your application once the one-month period has passed to see if your financial circumstances have changed, which may affect your initial pre-approval terms.

Applying for pre-approval on a personal loan is no different from applying for a loan. You fill out your application online, where you’ll need to submit key documentation to prove you meet the eligibility criteria. Our credit experts will then assess your options and provide an indicative decision so you can move on to planning how you’ll spend your financing.

At Handy Finance, we make a point of processing your applications as quickly as possible. We know that having ready access to this information can make all the difference. Once you’ve applied online, our credit experts will give you an indicative decision.

Loan Amount and Repayment

Handy Finance offers personal loans for amounts between $2,001 and $75,000, with up to $100,000 available for home improvement projects and motor vehicles. The amount you are pre-approved to borrow will depend on your financial circumstances.

All personal loans from Handy Finance can be repaid between one and seven years. This includes debt consolidation loans, renovation loans, travel loans, car, caravan or boat loans. Handy Finance Green Loans have a slightly longer repayment term, from one to 10 years.

Eligibility and Approval

The eligibility criteria for personal loan pre-approval are:

  • You must be over 18 years of age
  • You must have a steady source of income
  • You must be an Australian citizen or permanent resident
  • You must have a good credit history
  • You must not have a history of bankruptcy
  • You must not have outstanding or unpaid defaults

Pre-approval for a personal loan is not a guarantee to a loan from Handy Finance. Think of it as an indication that, based on the information provided, you’re a safe bet for a loan. There may be some additional information that you have to provide before settlement.

If this happens, you need to let Handy Finance know as soon as possible. You may need to submit new documentation to evaluate against your pre-approved personal loan. Keeping us updated on any changes in your financial situation is always advisable.

When we receive personal loan pre-approval applications at Handy Finance, we will conduct a credit check. This could have a small impact on your credit score, but it will usually balance out as time goes on.

Once your loan is pre-approved, you can get down to planning! You’ll know how much you will have to spend and can start researching accordingly. The pre-approval period of one month also provides valuable time to evaluate the repayment terms of your loan so you can make sure they are achievable within your circumstances.

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OurMoneyMarket recently rebranded to Handy Finance and, whilst this gives us a shiny new look, all the people, products, and services within our business remain the same. The awards listed were presented to OurMoneyMarket before we changed our name and are used here with permission from the lovely people that gave them to us.

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