Summer is the perfect time for Kiwi homeowners to roll up their sleeves and tackle projects around the house.
Whether it’s building a deck, putting up a new fence, or refreshing your space with a fresh coat of paint, renovations can bring a new lease of life to your home.
But here’s the catch: renovating isn’t always cheap. If you don’t have enough cash set aside, tackling those fixes or dream projects can feel out of reach.
Having enough cash on hand is especially true for people with older homes, where surprises often lurk behind walls and under floors.
So, how to make sure you have enough money to fund your home reno project? That’s where the Home Renovation Loan from Auckland Loans can help.
Why a Home Renovation Loan Makes Sense
Taking out a renovation loan can transform your property with less financial stress. Here’s why it’s a smart choice:
1. Support Larger Renovation Projects
From turning a drab backyard into a stunning outdoor entertainment area to refreshing your kitchen or bathroom, renovations can increase your home’s comfort and value. Cover major renovation costs upfront rather than waiting years to save.
2. Manage Unexpected Costs
If you live in an older New Zealand home, you’ll know all too well that unexpected costs can arise once you start digging into your renovation project. A home reno loan provides you with a financial safety net to address hidden maintenance surprises quickly and stress-free.
3. Flexible Repayment Options
Auckland Loans offers flexible loan terms ranging from 6 months to 7 years, giving you the ability to choose monthly repayments that suit your budget. This makes paying off your home improvement project manageable and tailored to your situation.
4. Improve Your Home's Value
A well-planned renovation not only enhances your living space but also increases your property’s market value. If you’re planning on selling in the future, this could mean a greater return on your investment.
How Much Do You Need To Borrow?
Determining how much money you need to borrow for your home renovation project begins with creating a detailed budget.
Start by outlining the scope of your reno and obtaining quotes from contractors or suppliers for materials, labour, and any additional costs.
Don’t forget to include the cost of obtaining building consent, and having a contingency fund to cover unexpected expenses.
Once you have a clear estimate of your total project cost, evaluate how much of this amount you can cover with your savings, and the remainder will indicate the loan amount you may need.
To figure out what your monthly repayments could be, use our free online loan calculator.
How Much Can I Borrow?
Loansmart offers unsecured loans up to $75,000 – significantly more than many banks and other lenders. Our unsecured loan rates start at 11.95%.
For those in need of more than that, we can provide secured loans up to $150,000 or even more. Our secured loans start from just 9.95% – cheaper than some banks.
Easy Steps to Get a Home Renovation Loan with Auckland Loans
At Auckland Loans, applying for a home renovation loan is fast, easy, and 100% online.
Start by completing our simple 2-minute online application form and securely upload your photo ID and recent bank statements. This ensures we have everything we need to assess your eligibility.
A dedicated loan consultant will call to introduce themselves and discuss your requirements to tailor the best solution for your needs. We then assess your application quickly and match you with the best loan options available.
Within 1–2 hours*, we’ll present you with a range of options. Simply select the plan that works best for you!
Loan documents are sent to you electronically for an easy, hassle-free signature.
Once finalised, your funds will be deposited straight into your account, ready to kickstart your renovation project.
*Subject to responsible lending criteria
Why Choose Auckland Loans for Your Renovation Loan?
Why Choose Auckland Loans for Your Renovation Loan?
Unsecured personal loans up to $75,000 and secured loans up to $150,000 mean we can support a variety of projects, large or small.
Competitive Interest Rates
Rates start from just 9.95%, making your loan interest rate affordable.
Competitive Interest Rates
Rates start from just 9.95%, making your loan interest rate affordable.
Fast Process, Same-Day Payout
Our streamlined loan application process means most loans are approved within 1–2 hours*, and you’ll often have funds in your account the same day*.
No Paperwork
Everything is completed online—saving you valuable time.
Get the Best Deal
Unlike traditional lenders, Auckland Loans acts as a broker, putting your application in front of multiple lenders to find the best fit for you.
Loan Terms That Suit You
Choose repayment terms ranging from 6 months to 7 years to match your budget easily. Your Dream Home Awaits.
Credit History Less Than Ideal?
If you have some black marks on your credit file, you may think you won’t be able to get a loan. But don’t worry, at Auckland Loans we believe in second chances.
Even if your credit score is less than perfect, we may still be able to help.
We specialise in helping people obtain loans no matter what their credit score is. If you have enough regular income to cover your loan repayments, there’s a good chance we’ll be able to help.
Just get in touch with a member of our friendly team to discuss your personal circumstances, and we’ll do your best to find a positive outcome for you.
