BEST RENOVATION LOAN IN AUSTRALIA

  • Get quick funds for renovation
  • Compare renovation loan offers
  • 5 ⭐️ rating on Google Reviews
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Loan Amount
$
Loan Amount
$1,000
$200,000
$20,000
Tenure
Tenure
3
72
Month

Your monthly payment

$ 533

Selected Partners
Plenti
NOW Finance
OurMoneyMarket
Wisr
MoneyMe
Fair Go Finance
Plenti
NOW Finance
OurMoneyMarket
Wisr
MoneyMe
Fair Go Finance

Over 200,000 happy customers

Hear what Australians are saying about Lendela.

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amie tobin
1 week ago
Awesome… saved my life ❤️
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Stephanie Sheldrick
3 weeks ago
First time going through Lendela. The staff member (Dee) was extremely helpful getting me through the process,...
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Aleni Te'o
1 month ago
Awesome company, very easy and simple. I recommend Lendela to anyone. Very helpful, thank you.
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Sandra Taylor
1 month ago
Lendela have the customer service I have experienced in the lending platform, even though I didn't get the outcome ...
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David Ailao tui
1 month ago
This is the best lender I ever experienced I done my application on 1 day and the next day I got approved soo...
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Christopher McGrigor
1 month ago
My experience dealing with Lendela has been nothing but positive. In particular your staff member Dee, whom has...
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Iftiyaz Khan
2 months ago
Very good 👍
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Arlete Ferreira
2 months ago
The best , thank you so much for all your help ❤️
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Brett Davis
2 months ago
Dee did a excellent job in assisting me with my loan, And I would highly recommend her for any further assistance
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Paul gibbons
2 months ago
It's only early but all good
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lynda mckune
2 months ago
Awesome can not fault
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RUSSELL ASENO
2 months ago
Very reliable and friendly. Looking out for the best outcomes for their clients

ONE APPLICATION – MULTIPLE PERSONALISED LOAN OFFERS

Three steps to get your perfect personal loan in Australia:

Apply fast & easy

1. Apply in a few minutes

Compare your offers

2. Compare multiple personal loan offers

Select loan and get your money

3. Select the best option and get your money

LENDELA'S PROMISE

Our goal is to make the loan application process in Australia faster, simpler, and more transparent. We assist you from application to disbursement as Australia's only true personal loan comparison service. Click here to learn more about Lendela and how we help thousands of Australians seeking loans every month.

Featured In

The Complete Guide To Home Renovation Loans in Australia

Embarking on your home renovation project is an exciting journey, but the financial aspect can often be challenging. Fortunately, there are various financing options available to you as a homeowner in Australia. This comprehensive guide aims to provide you with a wealth of information about financing your home renovations. From understanding different loan types and their mechanics to exploring loan providers and essential considerations, this guide will equip you with the knowledge you need to make informed decisions when it comes to funding your renovation project.

Types of Renovation Loans


Personal Loans for Home Renovations

Personal loans are a versatile choice for financing your home renovation, offering flexibility in project size and usage of funds. These loans come with varying interest rates and loan amounts, influenced by factors such as credit history and project scope. One key advantage is that personal loans typically don't require collateral. However, be mindful of potential credit impacts.


Home Equity Financing

Home equity financing, using your home as collateral, can be a cost-effective option for substantial renovations. It includes home equity loans and HELOCs, often offering lower interest rates and higher borrowing limits. Yet, using your home as collateral has implications, so understanding this financing choice is essential.

Finding the Right Financing Option


Assessing Renovation Needs and Budget

Start by evaluating the scope of your renovation project. Are you revamping a single room or undergoing a full-scale makeover? Consider the quality of materials you desire and any potential contingencies that might arise during the renovation process.


Researching Financing Providers

Selecting the right financing provider is a crucial step in your renovation financing journey. Consider interest rates, fees, loan terms, customer service, and reputation to secure the most favorable financing terms tailored to your needs.


Understanding Loan Terms and Conditions

Explore essential elements such as repayment schedules, potential prepayment penalties, and any associated fees. Don't hesitate to seek professional advice or clarification from loan providers to ensure you have a comprehensive understanding of the terms. This knowledge empowers you to make informed decisions and embark on your renovation project with confidence.

Essential Considerations and Tips for Successful Renovation Financing


Creating a Detailed Renovation Budget

It's essential to consider all project-related expenses, from materials and labor to permits and unforeseen contingencies. By accounting for every detail, you'll ensure your budget remains realistic and adaptable as your renovation unfolds.


Exploring Government Assistance Programs

Explore government assistance programs as your gateway to financial relief during your home renovation journey. There's a range of grants available, specifically crafted for projects like energy-efficient upgrades and accessibility enhancements.

Working with Professionals and Contractors

Choosing the right professionals and contractors can make or break your renovation. Consider factors like credentials, written contracts, and open communication to ensure your project unfolds seamlessly and fulfills your vision.

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Get renovation loan quotes with Lendela


In conclusion, embarking on a home renovation project can be both exciting and daunting, especially when it comes to financing. However, one viable option to consider is securing a renovation loan. These loans can provide the financial flexibility needed to turn your renovation dreams into reality.

Lendela streamlines the loan search process and find the best loan offers tailored to your specific renovation needs. With the right financing in place, you can embark on your renovation journey with confidence, knowing that your dream home is within reach.

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