How much do renovation loans cost?

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  • Interest rate – whether it is fixed or variable 
  • Upfront fees – for example, establishment fees 
  • Ongoing fees – These include monthly fees, late payment fees, and other charges
  • You’re 21 years or older 
  • You’re an Australian citizen or permanent resident
  • You have a regular income source that you can demonstrate 
  • You have a good credit history
  • Your employment stability
  • Your income (e.g. salary, rent, interest, etc.)
  • Your expenses (e.g. mortgage, groceries, etc.)
  • Your repayment history
  • Credit bureau information
  • Other details you communicate to us
  • Replacing broken windows
  • Replacing guttering or downpipes
  • Replacing a part of a fence due to damage (e.g. a fallen tree)
  • Repairing electrical appliances
  • Repainting interior wallsCleaning a swimming pool or oiling a deck
  • Maintaining plumbing

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