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Home renovation loans · $10,000 – $250,000
Renovate without disturbing your mortgage
Kitchens, bathrooms, extensions, solar, landscaping. Where a full refinance isn't worth the disruption, a separate renovation facility often is.
There are three usual routes: draw on your existing mortgage, refinance the lot, or take a separate renovation loan. Which is cheapest depends on how much you need, how long you'll take to repay it, and what rate you're currently on.
If you're sitting on a competitive mortgage rate, refinancing the whole loan to fund a $40,000 kitchen can cost more than it saves. A separate facility keeps the existing loan intact.
What it typically covers
- Kitchen and bathroom renovations
- Extensions and structural work
- Solar panels and battery storage
- Landscaping, decking and pools
- Flooring, windows and insulation
- Repairs after damage or wear
What you get from us
Keeps your mortgage intact
No need to disturb a rate you're happy with for a mid-size project.
Secured or unsecured
Larger projects backed by equity generally price better.
Staged or lump sum
Some lenders release funds in stages against builder invoices.
Adds value, or doesn't
Not every renovation returns what it costs. Worth being realistic before you borrow.
Eligibility
What lenders look at
- You're 18 or over and an Australian citizen or permanent resident
- You have some regular income — from work, self-employment, superannuation, investments or a pension
- You're borrowing an amount you can service comfortably — most of our panel starts around $10,000
- You can comfortably meet the repayments alongside your existing commitments
Every lender on the panel weighs these differently, so none of it is a fixed cut-off — send the enquiry and we'll tell you honestly what is and isn't available. If money is already tight, the National Debt Helpline offers free, independent financial counselling, with nothing to sell you.
Enquire about home renovation
Two minutes. No credit check.
Rates and fees
What it costs
Unsecured
- Establishment fee
- $250
- Monthly fee
- $0
- Early repayment fee
- $0
- Repayment period
- 12 to 84 months
- Repayment frequency
- Weekly, fortnightly or monthly
Maximum comparison rate: 25.41% p.a.
Representative example. An unsecured loan of $30,000 over 60 months at 13.99% p.a. (comparison rate 14.37% p.a.), including the $250 establishment fee, means repayments of $703.71 per month and a total amount payable of $42,222.
Rates and examples on this page were last reviewed on . They are indicative of our lender panel and are not an offer of credit. Your actual rate depends on the lender's assessment of your circumstances.
Secured
- Establishment fee
- $195
- Monthly fee
- $0
- Early repayment fee
- $0
- Repayment period
- 12 to 84 months
- Repayment frequency
- Weekly, fortnightly or monthly
Maximum comparison rate: 19.30% p.a.
Representative example. A secured loan of $30,000 over 60 months at 10.99% p.a. (comparison rate 11.29% p.a.), including the $195 establishment fee, means repayments of $656.14 per month and a total amount payable of $39,368.
WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a loan of $30,000 over a 5 year term.
Rates shown are the range available across our lender panel. The rate you are offered depends on your credit profile, income, the loan amount and term, and whether the loan is secured. Not every applicant will qualify for the minimum rate. All applications are subject to the lender's assessment and credit criteria.
Estimate
What would the repayments be?
- Total repayable
- $0
- Total interest
- $0
- Establishment fee
- $250
Estimate only. This is not a quote or an offer of credit. Figures include the $250 establishment fee and assume principal-and-interest repayments at the rate selected. Your actual rate is determined on assessment.
Common questions
Before you enquire
Do I need builder's quotes?
For larger or staged facilities, yes. Smaller unsecured renovation loans generally don't require them.
Can I do the work myself?
Owner-builder projects are accepted by some lenders and declined by others, and structural work usually requires licensed trades. Tell us upfront so we go to the right lenders.
Is it better to redraw on my mortgage?
Sometimes. If you have available redraw and a good rate, that's often the cheapest money you'll find. We'll say so if that's the case.
How much can I borrow against my home?
That depends on your equity, income and the lender. Secured renovation lending typically runs to a set proportion of your property's value.
Get a straight answer
Tell us the position and we'll come back with what the panel can realistically do — including if the answer is no.
Start an enquiry