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.
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.
| Interest Rate | Fixed or Variable |
| Establishment Fee | $250 |
| Monthly Loan Maintenance Fee | $5 |
| Document Fees | $250 |
| Deposit Required | 10% |
| Maximum borrowing amount - LVR* | 90% |
| Term of Loan | Varies on product taken |
| Repayments | Weekly, fortnightly or monthly |
| Redraw Facility^ |  |
| 100% mortgage offset account |  |
 |
 |
 |
