FAQ

Answers to common questions asked about our services.

Finance Questions

Q. Does Handy Car Loans do bad credit car loans?

Yes. We believe strongly in second chance finance. We understand that a person’s circumstance might not be the same today as it was yesterday.

Q. What will my repayments be?

You can use our car loan calculator to get a better idea of what your payments may be.

Q. Do you allow balloon payments?

Yes. We allow balloon payments.

Q. Are the repayments I make tax deductable?

There may deductions available to you. Please speak to your accountant or financial advisor to learn your options.

Q. Are there any penalties for paying a loan out early?

No. We will not penalise you for paying out your loan early.

Q. Can I increase my repayments?

Yes. You can increase your payments at anytime without being penalised

Q. Can I make extra payments?

Yes. You can make extra payments at anytime.

Q. What methods are used to make repayments?

You can use BPAY, Direct Deposit, Direct debit, or over the counter transfer at your bank.

Q. Can I obtain a credit increase on an existing loan?

When you ask for a credit increase we will make an assessment to determine whether or not the credit increase you are seeking is unsuitable for your current situation.

General Information

Q. What if I’m self-employed and have no pay slips?

You can still qualify for a car loan as long as you meet our lending criteria. We just need other financial documentation to verify your income before a decision can be made.

Q. How much can I borrow?

You can borrow a minimum of $5,000 up to a maximum of $40,000, dependent upon whether or not you meet our lending criteria.

Q. What information is required to complete a loan application?

Basic personal details, Residency information, Employment details & references. We will advise you upon application if any further information is required. See our how it works section for more information about our online application process.

Q. What do I do if my situation changes?

 If at any time your financial situation changes, remember that we are here to help. If you contact us we will be able to guide and advise you of your options.

Q. How quickly can Handy Car Loans process my application?

Depending on how soon you are able to supply the required documentation, it can be as soon as 24 hours.

Q. Are you really based in Australia?

Yes we are 100% Australian owned and operated.

Q. Do you provide Car Finance outside of Australia?

At this stage. No. But it is something we are definitely looking into at a later stage. If you would be interested we can send you an email alert when we start. *Link to email alert form*.

Q. Do you provide Finance for anything other than Cars?

Whilst we specialise in vehicle finance, we will often provide other types of finance. Give us a call on 1300 227 717 to chat with one of our friendly consultants, who can give you a clearer answer.

Bad Credit Finance

Poor Credit History? Perhaps we can help

Do you have a poor credit history?  Looking to rebuild your credit score? Maybe we can help. Handy Car Loans is a bad credit car loans specialist, and our philosophy is that a person’s situation yesterday is not necessarily the same situation today.

Apply Now

Our online application form is fast and simple. Just fill out the required fields and one of our brokers will be back in contact with you soon after.