Home Renovation Loan

Payments from $38* per week when you borrow $10K!

Home renovations can be very stressful if the correct planning isn’t done beforehand. You have contractors to manage, designers to consider, dates to set and finances to find. Although we can’t manage your contractors for you, we can, however, take the stress out of finding the funds for your home renovating needs.
Our secured home renovation loans start from 9.9% p.a.* and we offer flexible payment options to help get the right renovation loan for you.
Plan ahead and get quotes, so you have a fair idea on how much you need to borrow for your home renovation. Sometimes it is best to plan for a 10% buffer on your expected expenses to allow for unexpected costs that arise. Take this into consideration when planning your home improvement loan, as you have the option of repaying these finances early if you are lucky enough to have your costs go under budget. Check out our FAQ page below for more information.
*This example is calculated on a loan with full repayments made over a 7 year period at an interest rate of 9.9% p.a. Total repayments over the term of the loan would be $13,842.12 (indicative only). Weekly repayments are indicative only. Variable interest rate. Terms and conditions and normal lending criteria apply. An approval fee of $250 plus other third party service fees may apply. This calculation is intended as a guide only and is not an offer from NZCU South. All interest rates and fees quoted are subject to change. View our full list of rates and fees here.

Things you should know…

What are the terms and conditions of a personal loan?

Click here to go to our rates page

For more information on NZCU South’s Lending process, please read our Loan Agreement (General Terms) and our Loan Agreement (Specific Terms).

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How much will a $10,000 personal loan cost you? Below is an example of a $10,000 personal loan at 13.95% p.a.  Please talk to us about your requirements and we will cater your loan to suit your needs. The loan application fee of $250.00 and loan security fee of $50.00 (if applicable) are added to the loan.  In this example the interest rate is 13.95% p.a. and the repayment amount is $100.00 per week.  The term of the personal loan is for 2 years and 4 months. The total interest is $1765.43, and the total cost of the loan is $12,065.43.  The Finance Rate / Annual Percentage Rate (API) is 16.648% p.a. (includes fees)

Try out our personal loan calculator to see how much you can afford to borrow with your renovation loan.