If you borrow less than $ 50,000 and don't want to be tied to your loan for more than 10 years, a loan is often the best option. The total costs are lower, it is faster and in the case of a Personal Loan and a renovation, the interest is deductible. A loan is also a good option for financing a residual debt. It is usually not possible to include a residual debt in your mortgage because your income and the value of your new home must be sufficient. The interest that you pay on your loan for a residual debt is tax-deductible.
Are you looking for a suitable loan, but are you not yet sure which loan is best for you? Use our loan wiser to find a suitable loan that is adjusted to your needs.
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