Home Renovation Loan
Whether you want to make home repairs, renovate, add an extension, refurbish your kitchen, buy new appliances, re carpet or just furnish your house, a home renovation loan is an option which may help you finance these home improvements.
Renovation loans are popular with homeowners who either don’t have huge amount of equity in their homes or don’t wish to deplete the amount of equity they have built in their home. Unlike a home equity loan or line of credit, a personal loan is unsecured, meaning your home or another asset will not be used as collateral, thus keep the equity in your home intact. So by opting for a renovation loan you are improving the value of your home without using the equity in it. Home Renovation loans have the benefit of being very flexible, so once your loan is approved, you can use the money for pretty much any type of renovation you wish.
To estimate your monthly repayments of your home renovation loan try our relayment calculator below, simply enter your loan amount and preferred period, the estimated monthly repayment for each of the renovation loans in our comparion table will then be calculated, to rank these simply click on the "monthly repayment" column header.