Home Renovation Loan

Payments from $40* 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 $14,281.32 (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 information on our loan agreements and terms and conditions click here.

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How much will a $15,000 personal loan cost?

When applying for a credit loan it’s important to consider all of the costs involved. Below is an example of the total costs included over the term of a secured vehicle loan: $15,000 personal borrowing + $250 approval fee + $36.51 third party charges (credit check, vehicle check and registering security over vehicle) = $15,286.5 Set up over a term of 3 years (157 weeks) at 9.9% p.a. interest = weekly repayments of $112.74.

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