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While the results of a home renovation can be incredible, many times, the process isn’t. Project timelines change. Unexpected issues pop up. And the builder, materials and furniture costs can be far more than you bargained for.
If you don’t have the full amount to pay upfront, one way to cut back on the stress of a home reno is with a good loan. You want it to have little-to-no fees and flexible terms, in case your financial situation changes or the reno doesn’t go according to plan.
A great option for a home reno loan is with Handy Finance. Its loans have no monthly fees and no early repayment fees. They range from $2k loans to $75k with 1-7 years flexible loan terms — weekly, fortnightly or monthly — that you can change throughout the repayment. Annual interest rates start at a competitive 6.57% while the comparison rate is 7.19%.
The company will let you know if you qualify for a home loan and give you a quote in minutes — you simply have to fill out an online form with your details. The quote won’t impact your credit card.
Also, if you’re not too familiar with reno loans, in Australia, they’re separate from home loans, which help you finance the purchase of a house. A reno loan can be used for all sorts of home updates, like remodelling your kitchen, upgrading your bathroom and repainting the interiors or exterior.
Handy Finance also offers tailored home reno loans, depending on the update you’re making. A swimming pool loan specifically covers adding or updating one in your home while a green loan covers upgrading to sustainable tech, including installing solar panels.
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