Applying for a loan to cover the cost of ensuite renovation is easy with MoneyMe.
You can apply online in a matter of minutes on our website or via the MoneyMe app and get an immediate response on the outcome of your loan application. We offer unsecured personal loans between $5,000 and $50,000 at some of the lowest fixed rates on the market.
What’s more, our loans are 100% online - no paper, no phone calls, no fuss. And, depending on who you bank with, you can have the funds in your bank account the same business day.
To be eligible to apply for a loan to cover your small bathroom renovation costs with MoneyMe, you’ll need to be at least 18 years of age and an Australian citizen or resident for tax purposes. You’ll also need to have an official Australian government-verified form of ID handy, such as an Australian Driver’s Licence, Passport, or Medicare card, as well as your bank account details.
When you’re ready to go, simply hit ‘Apply Now’ on the MoneyMe website or our handy app. We’ll first ask you how much you’d like to borrow to cover the cost of ensuite renovation and any other home renovation work you’re seeking funds for; and over how long. It’s a great idea to have a play with our loan calculator, which will show you your repayments on different lending periods and loan amounts.
Once you’ve let us know how much you’d like to borrow to cover the cost of ensuite renovation, we’ll ask you about your income, day-to-day expenses, employment status, and any liabilities or assets you may have. This information, combined with a quick check of your credit history, will determine how much we can lend you and at what interest rate.
It’s important to know that there have been changes in the way credit is reported. Your file now reflects all your positive credit behaviours like regular repayments on existing liabilities, e.g. credit cards and utilities, as well as any defaults (where you’ve missed payments). We love this, as it gives a much fairer assessment of your current borrowing capacity and any risks.
MoneyMe believes in responsible lending, so we want to make sure your repayments are comfortable over a loan term of up to five years. We support you the whole way through the loan application process and are up front about our fees. As we only offer fixed rate personal loans, this means you’ll know exactly how much your repayments will be before signing your loan agreement. We also support our customers and won’t penalise you for making early repayments - in fact, we encourage it!
So if you’re ready to get started on your home improvement journey, jump online and apply today with MoneyMe.