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Financing a renovation with a low interest rate from 3.5%
A renovation of your home can turn your home into your dream home! Most people quickly think of taking out or increasing a mortgage to finance such a renovation. But you can also think of a loan, or consumer credit, for the renovation of your home. In most cases it will turn out that the total costs of a consumer credit are often lower than the costs of a mortgage.
Although the interest is often slightly higher than with a mortgage, you will often be cheaper with a loan in total.
The advantages of a renovation loan compared to a mortgage at a glance:
In contrast to taking out a mortgage, there are no extra costs associated with a loan; such as closing costs, consultancy costs, notary costs and brokerage costs.
You can match the duration exactly with the lifespan of the renovation
Extra repayments on your loan penalty-free
Paid out within a few days; where it can sometimes take weeks to take out a mortgage, when taking out a consumer credit, you can already have the amount of money within a few days after signing the contracts
The average loan amount for a renovation is € 27,500 and will be repaid within 8 to 10 years.
Source: The Dutch Credit Company
What options do you have if you want to take out a loan for the renovation of your house?
It is often known that the interest costs of a mortgage are tax deductible. But even if you use your loan for the renovation of your owner-occupied home, the interest costs of your loan are tax-deductible . This only applies if you opt for a personal loan or a combination credit.
Use our calculation tool to calculate what you can borrow to finance the renovation of your home. Or request your quote directly and without obligation .
Fixed extra low interest from 3.5%
Homeowners benefit from additional interest savings.
Paid out within a few days
The amount will be on your account 2 working days after signing the contract.
No notary and appraisal costs
Unlike with increasing your mortgage, there are no additional costs with a loan.
