Handy Finance Car Loans

Handy Finance is an independent Australian financial company that provides personal loans online. Until recently, it was known as OurMoneyMarket, but following the name change, the people, products and services have remained the same. The firm works with customers from all Australian states, and the application process is carried out entirely online.

According to an external profile, the company was founded in 2017 in Sydney as a marketplace-style lending platform. Today, it grants its own loans as a non-bank financial institution under the entity OurMoneyMarket Lending Pty Ltd. The website describes itself simply as a company that is not a traditional bank and which arranges its own loans.

What can you borrow for?

Personal loans start at 2,001 Australian dollars and go up to 75,000. For home improvements and vehicles, the limit rises to 100,000. The term is between one and seven years, with weekly, fortnightly or monthly repayments. Payments are made by direct debit.

The list of purposes is extensive. It includes renovations, debt consolidation, holidays, weddings, education, and medical or dental expenses. Vehicles include new or used cars – with no age limit on used cars – as well as caravans, motorbikes, boats and jet skis. For boats, the loan can also cover related costs, such as maintenance, fuel or mooring fees.

There is also the joint loan, taken out by two applicants who both meet the conditions. This is suitable, for example, for a couple planning a major renovation. All products are designed for personal needs.

Secured or unsecured?

The website explains the difference in a way that anyone can understand. With an unsecured loan, you do not provide any asset as collateral, and the interest rate is usually higher. With a secured loan, an asset such as a car acts as collateral and the interest rate is usually lower. It's a bit like leaving your ID when you hire a bike: the security gives peace of mind to the person lending it to you.

Handy Finance offers both options, and car loans are secured against the vehicle purchased. The interest rate is fixed for all personal loans, so the instalment remains the same from the first to the last payment. It's like a fixed-price subscription, as opposed to an electricity bill that changes from month to month. Customers can also make early repayments.

And what if you want solar panels?

The green loan covers solar panels, storage batteries and other energy-efficiency improvements. The term can be up to ten years, the longest of any offer. Australia has one of the highest rates of solar panel installations per household in the world, so the product has its target audience.

How does the application process work?

The first step is an online estimate, completed in a few minutes, which does not affect your credit score. The actual application is also completed online, with no paperwork required. The applicant submits proof of identity – a driving licence or passport – and bank statements for the last three months, verified via the Illion service. The online pre-approval gives an idea of the amount you can borrow.

An indicative decision is provided within a few minutes. Once approved, the money is transferred within 24 hours, and the loan account is then managed online. The website also features a repayment calculator, which takes into account the amount, term, payment frequency and credit rating.

In my opinion, the fact that the estimate has no impact on your credit score is the most user-friendly aspect of the process. See what sort of instalment would suit you before you commit to anything. It's like trying on a coat in a shop, with no obligation to buy it.

Who is eligible?

The list of requirements is short. Applicants must be at least 18 years old, be an Australian citizen or permanent resident, and have a regular income, either as an employee or a self-employed person. A clean record with no history of bankruptcy and no outstanding court judgements is also required.

What is Handypay?

Handypay is the company's second product, designed for paying for large purchases in instalments. Its categories include home renovations, swimming pools and spas, eco-friendly upgrades, healthcare (medical, dental, IVF) and education. Handypay can pay the supplier directly, and the customer then repays the amount over time. Its slogan sums up the idea: small payments for big ideas.

For businesses, Handypay acts as an integrated financing solution: the retailer offers customers the option to pay over time. It's similar to the instalment plans offered by an electrical goods shop, but applied to a swimming pool or dental treatment. Interested companies are invited to get in touch with the team.

What do customers say and how do you get in touch?

As a reviewer, I've noticed that the website cites over 1,000 five-star reviews and displays the ProductReview logo. The awards displayed were won under the company's former name, a fact the website itself points out. The external profile also notes an Australian credit licence, membership of AFCA (the financial dispute resolution body) and a mention in the 2026 Finder Awards.

The pages encourage visitors to get in touch with loan experts, without displaying a telephone number, email address or opening hours. The team also offers a support service for customers experiencing financial difficulties. The website also features guides on credit scores, types of loans, refinancing and paying off debts more quickly.

---