Whether you want to give your walls a fresh coat of paint or replace the old carpet in your living room with laminate flooring, our flexible instalment loan will help you improve your home easily and cost-effectively.
Save taxes
You can deduct the interest on this personal loan in your tax return. If you also renovate and rebuild in a way that preserves the value of the property, you can also claim the renovation costs. What does the word "value-preserving" mean? This is best explained with an example: If you replace the old, simple shower in your bathroom with a new model, you are allowed to deduct the expenses. However, if you are in the mood for wellness and decide to buy a luxury shower cubicle, this is a value-enhancing replacement. In this case, the tax deduction is only partially accepted.
The most important summarized
The benefits of this installment loan include:
- the free use for investments of all kinds
- a lucrative interest rate starting at 4.9 percent
- no expenses to increase a debt certificate or any costs for appraisals of the property
- including credit protection in the event of death
Reduce maintenance costs
Do you also want to have solar panels installed on the roof of your house? Since the investment will pay off in the future through lower electricity costs, your wish is made for our renovation loan. The same applies if you want to renovate your bathroom. By installing modern electrical appliances and fittings, you will reduce your electricity and water consumption. These measures are easy on your wallet as well as on the environment.
Taking the next step in life without financial ballast
Whether you take 6 months or up to 120 months to pay off your personal loan in full is entirely up to you. By comparison, you may not pay off a mortgage in full. Thus, this obligation remains with you until you sell your home. However, you must achieve a sale price that is at least as high as the mortgage taken out, which must be repaid immediately.
Renovation entirely without increasing the mortgage
Of course, you can have your mortgage increased for your construction project. However, the request may cause your financial institution to re-examine the entire mortgage and re-evaluate the property. In addition, increasing the mortgage note comes with other expenses. With our cheap personal loan for remodeling and renovations, you remain free and flexible, so you can devote all your time to your renovation. On our loan calculator you can calculate some alternatives and then apply online.
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