Do you have plans for an accommodation in the house? But just not the financial means? Then a refurbishment loan can be a good solution for you.
A renovation loan can generally be closed in the form of a personal loan . This is because you then meet the conditions to make the interest tax deductible.
Request a refurbishment loan
Applying for a renovation loan works the same as applying for a personal loan or a revolving loan. You fill in the application form and we will process the application for you as soon as possible. Within a few hours we know what the possibilities are for you for an advantageous loan . After all, a renovation loan can be very secure. Provided you can only submit the receipts for the renovation. You can also settle the interest to be paid if you meet the conditions . In that case you can specify the interest to be paid and you will receive a part of it.
Is a renovation loan cheaper?
We noticed that this is indicated on the internet by many providers that a renovation loan is much more advantageous than other forms of borrowing money.
It is then insinuated that the interest rate is much lower, etc. However, this is not the case. The interest on this form of borrowing money is just as low as with a regular personal loan. For example, with a loan of € 20,000 you have an interest rate of 4.9%. This is equal to the interest of a regular personal loan.
The only advantage is that you can get a part of the interest paid back from the tax authorities. And that is actually the big advantage.
Can a renovation loan also apply to a rental property?
If you want to take out a renovation loan this is not only possible with a owner-occupied home. You can also take out a renovation loan if you have a rental property. With the amount that is released, you can immediately start working on your dream renovation.