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Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.
Is your kitchen a bit tired and in need of a kitchen upgrade, and you are wondering about renovation costs? Have you never really loved your bathroom and feel it is time for a bathroom remodel? Perhaps there is a new family member on the way who will need a nursery, so you need to change up a room? Whatever happens in your life, sometimes the need for home improvement loans to help you cover your home refurbishment costs will arise.
Your home is not just a property but the place where memories are made. It’s important that it reflects the style of you and your family and so renovating to ensure that your home is exactly how you feel it should be is a common practice. This is one reason why people start planning for and researching renovation costs. In addition, sometimes, however much you love your space, it is time for a refresh, painting or a new build. This is particularly true for areas that get a lot of household traffic, such as the kitchen or the bathroom. Over time, things like flooring get worn out from day to day living, and if you are a keen chef, for example, the latest appliances for your kitchen might be on your wish list. Bathrooms are damp by nature, so they may need to be renovated to keep them from becoming unpleasant. Furthermore, sometimes your life changes and these life changes need to be reflected in your home. It might be a nursery fit-out in a spare room for your first baby, or it might be converting a former guest bedroom into a study or home office so you can work from home. Renovation costs can be daunting but shouldn’t necessarily put you off your project.
When researching renovation costs, it’s important to be thorough and prepared for everything that is involved and set an appropriate home renovation budget. A bathroom renovation will not just be the cost of new fixtures such as a sink and a mirror or fancy tiles, although choosing those is the fun part. Consideration needs to be taken into account for renovation costs for hiring contractors to do work such as the installation of ventilation, the moving of plumbing, if needed, and tiling. Your new kitchen renovation may need an electrician or a plumber to fit your new appliances. If you are sure you need marble benchtops, then you are going to need a professional stonemason. Is it time for that dream library-style book shelving you have always wanted? You might need to get some quotes from cabinetmakers for that. Quality work costs money. Therefore, labour and materials, appliances, and furnishings need to be taken into account when you make your budget. Shopping around will help you to get the best deals and save money on your renovation costs, but it’s also important not to cut corners to save money as the end result and construction quality may not be as you wish.
An easy and quick loan is ideal if you need some help financing your renovation costs and want to get started soon. At MoneyMe, we have unsecured personal loans available up to $50,000 to help you out. MoneyMe is completely online, so there is no hassle with paperwork. We also have low rates – cheaper than the Big 4 - for an unsecured personal loan. In addition, subject to approval, of course, the money can be in your account the same day so that your renovation costs can be covered sooner and your dream achieved faster. Finally, a MoneyMe loan is the best loan to cover renovation costs because the repayments are flexible. If you wish to pay your loan earlier, we will not hit you up with early exit fees. For a smaller project, our Freestyle Mastercard has a credit limit of up to $20,000. You can use your credit card within minutes and get credit back at over 1400 participating stores.
What you choose to use your home renovation loan for is entirely up to you. You can use it to cover all the costs if you have a project that is smaller in size or in budget or to help contribute to the cost of a larger renovation or one with more high-end fixtures and quality fittings.
We all know that renovation costs are not cheap. Still, with a MoneyMe personal loan, you can get the same-day funds you need to help with your bathroom renovation cost, kitchen renovation cost, patio cost or verandah cost so you can get things happening sooner. Want some inspo? In Australia, MoneyMe is the official finance partner of the 7Two renovation show DVine Living. Hosted by Dale Vine, this show features some of the best reno tips and DIY ideas for your home. Be sure to visit the DVine Living page and tune in to every episode to get more ideas on how you could use a personal loan and get started on your next home improvement project.
NicoleSep 15, 2021
Unbelievably easy finance when I needed it the most. A huge thank you from me and as a returning customer I know that I am getting a fair deal.
ChrisSep 10, 2021
After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.
VictoriaSep 2, 2021
Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!
Out of 2,701 reviews
p.a. to 19.95 %
p.a. to 21.32 %
$295 for loans between $2,100 and $5,000
$395 for loans between $5,001 and $15,000
$495 for loans between $15,001 and $50,000
Minimum 1 year
Maximum 5 years
Early exit fees
*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. A $495 establishment fee and $10 monthly fee applies.