A home improvement loan is a great way to access the cash you need to turn your property into the one you’ve always dreamed of. If you are looking to add an extension or convert a loft, a home improvement loan will help you free up the money you need. Improving your home is also a great way of adding value to it and The Personal Finance Centre offers a range of home improvement loans with easy application and quick decisions.
Use our calculator as a guide or call us now for free expert advice and the latest rates 01482 968 600
If you are looking to make improvements to your home then a secured loan could be the best option, there are a number of types and we are sure to find one that will suit you. Whether you want to build a conservatory or just re-decorate The Personal Finance Centre will help you find the best loan for you.
Generally you should only look to borrow the amount you need so for a home improvement loan it could help to get quotes of the work you want to carry out. That said, larger amounts often result in a lower rate of interest on the overall sum.
Of course! You should always check your loan agreement though as there may be fees incurred when choosing to repay a loan before the end of the term.
Secured Loan Representative Example: If you borrow £15,000 over 10 years at an annual interest rate of 9.58% you would make 120 payments of £221.95 per month. The total amount repayable will be £26634.55 (This includes a lender fee of £595 and a broker fee of £1500 which have been added to the loan). Total charge for credit will be £11634.55. Overall cost for comparison is 12.773% APRC representative. The Personal Finance Centre is a leading broker and not a lender.
Rates from 6.95% APR. We have a range of plans and rates allowing us to help customers with a range of credit problems.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
If you are thinking of consolidating existing borrowing you should be aware that you may be extending the term of the debt and increasing the total amount you repay.