Handy Finance Personal Loan
- Interest Rate (p.a.)
- 6.57% to 18.99%
- Comparison rate (p.a.)
- 7.51% to 21.78%
- Min Loan Amount
- $2,001
Summary
This loan offers a competitive minimum interest rate that sits in the top 20% of personal loans on Finder.The Handy Finance Personal Loan scores a high 8.9 and ranks in the top 15% of unsecured personal loans in Finder's database. This is driven by its competitive minimum interest rate which places it in the top 20% of its peers.
Borrowers also benefit from a higher-than-average maximum borrowing amount and no ongoing fees. However, you should be aware of the $250 application fee which is higher than many other personal loans we analyse.
Pros
-
No ongoing fees
-
Penalty-free additional repayments
-
100% online
Cons
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Highest limits reserved for home improvement and vehicle purchases
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Late repayments fee may apply
Details
Product details
| Product Name | Handy Finance Personal Loan |
| Interest Rate (p.a.) | 6.57% to 18.99% |
| Comparison rate (p.a.) | 7.51% to 21.78% |
| Interest Rate Type | Fixed |
| Min Loan Amount | $2,001 |
| Max. Loan Amount | $100,000 |
| Loan Security | Unsecured |
How does Handy Finance Personal Loan compare?
- Top-ranking product. This loan ranks in the top 15% of unsecured personal loans based on its Finder Score.
- Competitive minimum interest rate. Its minimum interest rate of 6.57% places it in the top 20% of lower-rate loans we analyse.
- High maximum loan amount. The maximum borrowing amount is higher than the market average.
- Higher than average application fee. At $250, the application fee sits in the top half of higher fees in our database.
How does the Handy Finance Personal Loan work?
Handy Finance personal loans have a fixed, personalised rate from 6.57% p.a. (comparison rate from 7.51% p.a.) to and a single upfront establishment fee of $250. Applications only take a few minutes to complete and Handy Finance will perform a one-minute Quick Rate Check to determine an estimate of the rate that you likely qualify for and whether you can be pre-approved for finance. The better your credit score, the lower the rate you will likely be offered.
This loan is available from $2,001 to $100,000, on terms from 1 to 7 years. You can use the loan for home improvements, purchasing a vehicle or other purposes.
How to apply
If you'd like to apply for finance with Handy Finance, you can click "Go to site" and submit a quick application. To do so, you must be:
- Aged 18 or over
- A permanent Australian resident or valid visa holder
You also need to provide information about your employment status, income and address.
Features of this loan
- Varying loan amounts. Apply for between $2,001 and $100,000.
- Quick application. Applications only take five minutes to complete and you can get a rate estimate in just one minute.
- No account-keeping fees. Handy Finance loans have no ongoing fees.
- Flexible terms. Repay your loan over 1 to 7 years.
- 100% online. Apply for and manage your loan 100% online.
- Flexible repayments. You can choose between weekly, fortnightly or monthly repayments.
- Penalty-free repayments. If you choose to, you are able to make additional repayments or repay your loan early, penalty-free.
- Fixed rate. This loan has a fixed rate, so your rate will not change over the life of the loan.
How much does the Handy Finance Personal Loan cost?
Costs of this loan include:
- Interest rate. Approved applicants will be offered a personalised rate from 6.57% p.a. to 18.99% p.a. based on their credit score.
- Comparison rate. Comparison rates for this loan start at 7.51% p.a.
- Establishment fee. A single upfront fee of $250 applies to this loan.
While there are no ongoing fees with this loan, fees for late repayments or direct debit dishonours may apply.
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