A renovation is often an added value for your home. A dormer in the attic, for example, ensures that that musty attic room becomes a usable hobby or bedroom, an extension or conservatory at your house provides more living space and enjoyment on the ground floor. But it also leads to additional costs.
If you do not have sufficient financial resources but would like to renovate, you can finance the renovation by taking out a loan. A renovation is then suddenly possible.
With our credit advisors you have come to the right place for independent advice on a loan for a renovation. As a broker, we work together with various reliable lenders. To finance a renovation, you can opt for a revolving credit or a personal loan.
Revolving credit or personal loan for renovation
You can take out a revolving credit or a personal loan for your renovation:
- With a revolving credit you always have extra money available to finance the renovation. Is the renovation more expensive than you expected? Then you can continue to withdraw extra money up to the credit limit. You pay monthly repayment and interest and you can repay as much as you want in the meantime. You can withdraw money that you have already repaid later if you still need it.
- With a personal loan you receive a certain amount in one go to your account to finance the renovation. The duration and interest of the loan are fixed. Withdrawing extra money in the meantime or early repayment (without penalty) is not possible.
More information about borrowing money for a renovation
Good Finance is happy to answer all your questions about borrowing money for a renovation during an introductory meeting. During that interview you will receive more explanation about the various forms of financing. We map out the product range, the conditions, interest rates, risks and premiums and we calculate what is possible for you. You will be guided throughout the entire process, including signing the forms. In this way you can borrow money responsibly and insured for your renovation.