Home Renovation Loan: Planning Home Improvements?
Tired of looking at your outdated kitchen? Is your bathroom stuck in the 1940s? Does your plumbing need an upgrade? Or perhaps your electrical system needs a check-up? Has your home’s roof seen better days? Are you looking to insulate your entire house? Maybe the facade could do with some renovations? Planning to add a conservatory? Do you want to buy a new boiler? Considering securing your home through an alarm installation? Looking to hire a professional? Or planning to do it all yourself? Whatever your renovation or construction projects are, Credafin’s tailored home renovation loan solution is designed for you.
Good news: Credafin’s home renovation loan offers one of the most competitive rates on the market! Calculate your total loan amount using our credit simulator.
Benefits of the Credafin Home Renovation Loan
- Competitive rate: Credafin’s home renovation loan is one of the most favorable on the market.
- Funds released quickly: With Credafin, receive your funds within 48 hours! The borrowed amount is directly transferred to your account. All that’s left to do is pay the various suppliers.
- Flexible repayment term: You choose the repayment period for your renovation loan.
- Fixed interest rate: Interest rates on Credafin’s renovation loans are fixed. No unpleasant surprises.
- No notary intervention: Credafin’s renovation loan doesn’t require a notary or a mortgage registration.
Credafin Home Renovation Loan Terms
Acceptance Terms
Are you already a homeowner? Have an invoice or purchase order for the desired works? Contact us without delay!
Of course, a reminder that to take any credit, you must be over 18, have regular income, and reside in Belgium or the Grand Duchy of Luxembourg.
You must also not be registered with the BNB (National Bank of Belgium), to prevent any debt accumulation issues.
Repayment Terms
At a fixed due date, you repay constant monthly installments through a direct debit. The first installment is due 30 calendar days after signing the offer. This installment applies throughout the loan duration.
Home Renovation Loan: Renovation Grants
Both the federal government and various regions offer renovation grants and subsidies. The amounts and conditions of these grants vary depending on whether you reside in Brussels or Wallonia.
To learn more, please refer to the following pages:
- www.spw.wallonie.be (for Wallonia)
- www.logement.brussels.be (for Brussels)
Contrary to popular belief, these aids are not limited to energy-saving investments. Works aimed at eradicating dry rot and other fungi, meant to dry out walls, or costs for replacing or repairing a rainwater tank, for instance, can potentially and at least partially be covered. So do inquire beforehand.
Home Renovation Loan Guide
The home renovation loan, also known as a home improvement loan, renovation loan or home refurbishment loan, is intended for anyone wishing to undertake construction, renovation, refurbishment, or other types of property-related work.
A renovation loan is a loan granted by a specific entity – in this case, the bank or financial institutions, at variable rates and varied monthly payments depending on the loan circumstances. Different home improvement loan solutions are offered online, catering to specific needs.
A Loan for Every Project
There are as many renovation loans as there are types of renovations. For instance, you can take out a special renovation loan if the works are solely for renovation, just as it’s possible to opt for a loan dedicated to a new build. Each loan is different, so loan conditions are subject to vary accordingly.
Personal or Assigned Loan?
Since a renovation loan can be allocated to specific works in a dwelling, any loan between €5,000 and €100,000 is governed by consumer law. Thus, any borrower is obliged to inform of potential insurance costs and the APR.
They also benefit from a right of withdrawal and protection regarding assigned credit. However, rates, repayment periods, and processing fees may vary from one loan to another.
You can submit a loan application without commitment through our form above.
Simulate Your Renovation Loan Online
Home Renovation Loan: FAQ
To assist you, here is a Q&A addressing the most common questions about renovation loans.
What are the conditions for accepting a Credafin renovation loan? You simply need to own a property and be already in possession of an invoice or, at least, a purchase order, for the planned work. Additionally, you must be over 18, have regular income, reside in Belgium, and not be registered with the National Bank of Belgium.
How can I subscribe to a renovation loan? Several options are available to you: you can contact us at 02/306.73.67 or get in touch with us via the address info@credafin.be or by submitting your request via our contact form.
How long will it take to get a response to my question? You will hear back from us within 24 hours max.
Am I eligible for any grants or additional benefits? It depends on the nature of your project. For more information: www.spw.wallonie.be or www.logement.brussels.be.
Didn’t find all the answers to your questions? Don’t hesitate to contact us! We’ll be happy to assist you.
Your Credafin Benefits
Qualified Experts
At Credafin, our credit experts are highly qualified. You will receive insightful advice.
Quick Service
Share your desires with us; we will provide a quick response, within 24 hours!
Transparency
Our online credit simulation formula offers significant transparency, all without commitment.
Secured Data
We guarantee the security and confidentiality of your data. Share your projects with us without worry.
Customized Service
With our customized service, tell us about your projects, and we’ll propose the most suitable solutions.
Competitive Rates
Benefit from advantageous conditions tailored to your situation, resulting from a comprehensive assessment of your request.
