Borrow money for an extension

Financing construction

You can easily take out a loan for an extension with us. For this we work together with specialized banks. Renowned banks that lend money through specialists like us. Thanks to this collaboration and our online working method, we both save a lot of costs. This way you can borrow cheaper through us. Curious? Request a quote without obligation and receive the offer from our partner banks within 24 hours.

Loan or mortgage ?

What is the average loan amount for a renovation?

The average loan amount for a renovation is € 27,500 and will be repaid within 8 to 10 years.

Source: The Dutch Credit Company

Financing an extension with a Personal Loan

A Personal Loan is a good loan to pay for your construction. Because with a Personal Loan:

• you benefit from a fixed low interest rate that is tax deductible;
• you know in advance exactly when you will pay off the loan;
• you borrow a fixed amount for your extension that you pay off monthly with a fixed amount in repayment and interest.

A Continuous Credit for your renovation

If you do not yet know exactly how much money you need, a Revolving Credit is a good option. Because with a Revolving Credit:

• you get access to extra money, but you determine exactly how much money you withdraw. Up to the credit limit;
• you can always withdraw repaid amounts again;
• you always have extra money on hand, because there is no fixed deadline by which the loan must be repaid.

Please note: the interest on a Revolving Credit for an extension is not deductible.

Combination credit as a form of loan for construction

In addition to the well-known loan types personal loan and revolving credit, we can offer you another loan form: the combination credit . This loan, which combines the best of a personal loan and a revolving credit or consists of two staggered personal loans, is particularly suitable for people who need a high loan amount.

The loans are placed with several partner banks and thanks to this risk spreading for the bank, you benefit from low interest rates and favorable conditions. The acceptance for this loan form is high because you can spread the loan. If you opt for two personal loans, the interest costs of the loans are tax deductible.

Advantages of a combination credit:

• Security of a personal loan
• Flexibility of a revolving credit
• A high loan amount thanks to the risk spreading of the multiple loans
• Low interest rate
• In case of two PL, the interest costs are tax deductible

Request for quotation for financing construction of a house

You can request a quote directly via our online request form . You fill in your details and we will send you a tailor-made proposal. Of course completely free of charge and without obligation. Do you still have doubts about which loan is most suitable for you? Then first use our loan guide . You can calculate how much you can borrow and at what interest rate via our calculation modules.