Renovating your home
If you love where you live and you don't want to move, renovating can make your old place feel like a brand new home and increase the value of your property. Whether you're planning a new bathroom, landscaping your garden, or simply replacing your kitchen cupboards, you have a choice of flexible and convenient finance options to match your budget.
Avoiding renovation pitfalls
If you’ve decided to renovate, you already know what you want to achieve. Before you start, take time to find out a few points to help you avoid some common renovating problems.
Your guide to renovating
To give you all the help you need from planning to financing and the renovations themselves, we’ve put together a handy guide to making your home improvement project a success.
Home loans
Choose one of our home loans and you’ll find a range of interest rate
options and loan features on offer, giving you the flexibility you need now and
in the future.
Increase your existing home loan
If you have an existing home loan with us you also have the choice to
increase it, putting the extra funds you need at your fingertips. Best of all,
you can choose when you’d like your funds, even within 24 hours of
applying.
Repayment redraw
If you’ve been making additional repayments on your home loan, you may be eligible to redraw. Using your equity to fund renovations gives you the money you need, quickly and conveniently.
Your other financing options
Credit cards
The convenience of a credit card is hard to beat, especially for smaller projects. Choose from our low interest rate cards if you’re not paying the balance back straight away, or great reward options if you want more from your card.
Personal loans
With a personal loan, you can borrow $5,000 or more and approval is usually given within 24 hours. Choose loan terms from 1 to 7 years with either fixed or variable interest rate options.
Contact an experienced lender
For more information about any of our financing options, and which one is right for your renovation project, contact one of our experienced lenders today.
You can contact us by calling 13 2224 between 8am and 8pm, 365 days a year.
The benefits of wealth building
Whatever the project, renovating is a great way to build equity in your home, and increase its value.
Wealth Package
Once you’ve decided to renovate, consider taking out a Wealth Package for an annual package fee, currently $375. You’ll benefit from insurance discounts, and won’t be charged the upfront establishment fee for a home loan increase or the Viridian Line of Credit. Plus we’ll waive the monthly loan service fees, if you choose either option.
Gearing and tax
If you’re planning on investing in a property and renovating it to build your personal wealth, consider negative gearing as it may help you achieve your goals. Follow the link to find out more about gearing and a range of tax benefits you could be eligible for.
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Important information
Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions will be included in the Loan Offer. Fees and charges are payable. Qualifying and ongoing criteria applies to Wealth Package and terms and conditions are available on application.
Talk to us
- Locate a branch
- Talk to a mobile banker
- Ask us a question
- Call 13 2224
Talk to us
- Locate a branch
- Talk to a mobile banker
- Ask us a question
- Call 13 2224
Calculators, tools & more
Rates & fees
Did you Know?
You can get quick and easy access to the funds you’ll need for your building or renovation project.
