Home renovation loans are financial products designed to help homeowners cover the costs of home improvements including:
- Kitchen renovations
- Bathroom renovations
- Garden landscaping
- Outdoor living space work
- Home repairs
- Turning your garage into an office or man-cave
- Upgrading your furniture
Access to funds: don’t put off creating your dream home any longer. It’s time for a change and a renovation loan can help you on this journey.
Increase home value: renovations can significantly increase the market value of your home.
Improve quality of life: your home should be a sanctuary where every detail brings you peace and joy. If you’re ready to make your home more beautiful, our home renovation loans can help.
If you have a bad credit history, don't worry; we can help you, subject to our eligibility and credit criteria. We specialise in assisting borrowers with unique financial circumstances, such as bad credit scores, defaults, previously declined by another lender, party to a debt agreement, and current or discharged bankrupts.
Our interest rates are offered based on your credit assessment and EBP Money's responsible lending criteria. Your interest rate will be personalised based on your overall credit profile and financial situation. Your interest rate will be fixed for the life of your loan. We offer interest rates at the lower end of our range to customers with an excellent credit history.
We charge a one-off risk or establishment fee. This is based on your loan amount and your credit rating. We also charge a monthly account service fee of $15. There are no fees for our tier-one borrowers with excellent credit scores. We will provide all your fees and charges in your loan contract.
Yes – you can make additional repayments, increase your repayments and pay out your loan early. However, an early repayment fee may apply. All fees will be disclosed in your loan contract.
If your circumstances change and you cannot repay your loan, please get in touch with us immediately. We are here to help.