Do you have planned renovations in and / or around your home? Are you ready for a new kitchen or bathroom? Does the garden need urgent maintenance? Then you may be eligible for a renovation loan. This loan has been created for all renovations that are taking place in and around the home and has a better rate than, for example, the personal loan. Most lenders have included the renovation loan in their portfolio, although not all under the same conditions. So when you compare offers, it is important to first find out if you are eligible for such a loan at your particular bank or at a loan office.
For work that needs to be done urgently
Who does not know the problem. You buy a nice house with a beautiful garden, but there is still some work to be done. The kitchen is a bit old-fashioned and the bathroom has had its best time. The garden would be great in the summer, but some changes have to be made. And that costs money. Of course you can choose to save a few years before you start performing all those works, but then you will lose a lot of time enjoying your home. With a renovation loan you can now perform all necessary work and pay for it over a longer period. And since this is a loan with a very specific purpose, the costs are relatively low.
Conditions for the renovation loan
As the word suggests, the renovation loan serves to carry out renovations. This means that you must submit invoices or quotes to the lender in order to receive the loan. You will get a clear picture of the sum you need based on quotations. Once you know that, you are ready to compare loans. The renovation loan has no fixed cost percentage and a little research will quickly help you find the cheapest provider. In addition to price, also look at conditions, terms, possible amounts and the services that you are offered. These too can differ greatly at the various financial institutions. You can request loan quotes here. This way you have the shortest route to a beautiful renovation.
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