Home Improvement Financing

As a homeowner, you are sure to have countless ideas for ways your home could be upgraded. You might be thinking of a new kitchen, an upgraded bathroom, an attic conversion for a home office, or maybe an extension. The one question most homeowners have at this time, is how to finance home renovations.

One thing that you must establish at the very start is your budget. With this in mind, it's important to ensure that before you start your home improvement project, you have a fully thought-out renovation plan. This will help keep home renovation finances under control.

There are many different ways of financing home renovations. Take a look at some of the options:

Personal savings

Smaller home improvements may be paid for by dipping into your personal savings. If you have the cash available and it does not mean emptying your emergency fund, then your savings could be an option for partially or fully funding your home renovation.

Home Improvement Loan

Whether large or small, Home Improvement Loans may provide you with added freedom. Avant Money Home Improvement Loans can be used for whatever you have in mind. Whether you are extending your roof space, stretching out your garden or rebuilding that dream kitchen, Avant Money may be able to provide the help you need when trying to finance home improvements.

At Avant Money, Home Improvement Loan interest rates are fixed. This means your monthly repayments will always stay the same for the entire term of your loan. You can borrow any amount between €5,000 - €75,000 for home improvements and repay the amount over any period between one and ten years. In order to apply for a loan with Avant Money, you must be over 18 and a resident of the Republic of Ireland. Avant Money’s Online Eligibility Checker will help you understand if you are likely to be approved for a loan based on your financial profile. You can then complete the loan application process online.

Top Up Mortgage

For those who have a mortgage already, then another home improvement financing option is a Mortgage Top Up (if available from your lender). A Mortgage Top Up allows you to use the equity built up in your home to fund your home improvements and may be a good financial option for you.

Home improvement grants

The Sustainable Energy Authority of Ireland (SEAI) offer a variety of home energy grants to help Irish people finance home improvements with energy efficient solutions. Retrofitting works not only make your house more comfortable but can also increase your homes energy efficiency, in turn reducing your energy costs and carbon emissions.

And don’t forget

When taking on a home renovation project, always go with suppliers you can trust and keep all receipts as some home renovations may also be tax deductible.

If you are looking for more information regarding Avant Money loans, take a look at our Loan FAQ page for more details.

Personal Loans

Lending criteria, terms and conditions will apply. Personal Loans are available to residents of the Republic of Ireland over the age of 18 and are subject to repayment capacity and financial status. Proof of income and a credit reference agency search will be required to help us approve your request. Personal Loans are unsecured and not available for business purposes, house purchase or investment.

Our interest rates vary depending on the value of your loan and credit profile. We will assign you the appropriate interest rate once your application has been reviewed. To find out more about the loan values and applicable interest rates, check out our rate table at Avant Money Personal Loans.

Mortgages

Lending Criteria and Terms and Conditions apply. Applications from residents of ROI over 18 only, subject to repayment capacity, financial status and property valuation. Property and life assurance are required.

Bankinter S.A., trading as Avant Money, is authorised by the Banco de España in Spain and is regulated by the Central Bank of Ireland for consumer protection rules.