Get Pre-Approved Loans

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.

Handy Finance offers personal loans for amounts between $2,001 and $75,000. How much 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.

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.