home improvement loan

Our home improvement loan is great for all those handy DIY people, as well as those who require the help of tradesmen to build the renovations. There are so many things that you can do around the house that will add value to it. But remember to keep in mind the average price of houses in your suburb to ensure you don’t over-capitalise.

A great site for ideas on home renovation is http://www.realestate.com.au/renovate/index.htm, but we’ve listed some other ideas below to get you thinking…

• build a deck or an outdoor pergola area
• add an in-ground pool
• re-tile your bathroom
• upgrade your air-conditioning systems
• landscape your garden (and put in a tool shed for the boys)
• re-pave the driveway and install an electronic fence
• build an extra bedroom
• rip off the wall paper and paint the house
• rip up the carpet and polish the floorboards

If you have an existing home loan with us, we can simply add your home improvement loan to this loan, or you can have it separate to keep track of how much has been repaid on this portion. We can also add your home improvement loan to a line of credit facility that you may have with us, allowing you to pay builders and other tradesmen with your credit card attached to the line of credit.

Our home improvement loan benefits include:

• redraw facility
• no penalties for extra repayments
• your choice to make repayments weekly, fortnightly or monthly
• automatic repayments through direct debit
• availability for owner-occupied or investment properties

If you’re interested in making some home improvements, please contact your local branch, or call us on 1300 765 195.