Compare Home Renovation Loans from 50+ Australian Lenders
Upgrade kitchens, bathrooms, extensions and outdoor spaces with clear, fixed repayments tailored to your budget.
5.0 rating
Refresh, Extend, Improve
Finance upgrades with fast decisions, fair terms and repayments that fit your cash flow.
Borrowing Range
Typical amounts $5,000 to $75,000+
Fixed Repayments
1 to 7 year terms for certainty
Fast Approvals
Same-day outcomes possible for complete files
Secured or Unsecured
Sharper rates with security; flexible with unsecured
Direct-to-Supplier
Optional payments to builders or vendors at settlement
Green Upgrades Ready
Solar, insulation, efficient HVAC and windows eligible
How it works
We match your profile to lenders that fund home improvementsâso projects can start sooner.
Apply online in 3 minutes
Share your plans, quotes and budget. No lengthy forms.
See matched options
Compare secured vs unsecured, terms, rates and fees side by side.
Upload documents
Provide ID, income evidence and bank statements for assessment.
Settle & pay trades
Funds to you or direct to builders/suppliers so work can begin.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to home renovation loans
Home renovation loans are personal loans used to fund upgrades and repairsâlike kitchens, bathrooms, landscaping, roofing, extensions and energy-efficiency improvements. They spread project costs into predictable repayments, helping you avoid draining savings or juggling multiple credit cards.
You can choose unsecured for speed and flexibility, or secured (e.g., against a car) for sharper pricing or higher limits. Comparing offersâand checking the comparison rateâhelps you understand total cost. Align the term to your project timeline and expected value uplift for a smart balance of cash flow and cost.
Want to skip ahead?
Jump to the section that best fits your project.
Types of home renovation loans
Pick a structure that suits your project scope and budget:
What can I use a renovation loan for?
Renovation loans can fund essential repairs and value-adding upgrades across your home:
Kitchen Remodels
Cabinetry, benchtops, appliances and layout changes to modernise your most-used space and improve resale appeal.
Bathroom Upgrades
New tiling, fixtures, waterproofing and ventilation to refresh older bathrooms and add value.
Roofing & Structural Repairs
Fix leaks, replace roofing or address foundational issues before they become bigger problems.
Extensions & Conversions
Add a bedroom or convert an attic/garage to gain liveable space without moving.
Outdoor & Landscaping
Decks, pergolas, fencing and landscaping to lift street appeal and everyday enjoyment.
Energy-Efficiency Upgrades
Solar panels, battery, double glazing, insulation and efficient HVAC to cut bills and boost comfort.
Major Repairs & Remediation
Address water damage, mould remediation or electrical rewiring for safety and compliance.
Pools & Entertaining Areas
Install a pool or upgrade outdoor kitchens and paving for year-round entertaining.
Case Study
Sofia & Marco
Kitchen upgrade without the cash squeeze
Challenge: Needed to replace an outdated kitchen and fix a leaking roof.
Solution: Unsecured renovation loan over 5 years with direct-to-supplier payments.
A family in Melbourne wanted a modern kitchen but also had urgent roof repairs. Through Emu Money they compared options and chose an unsecured renovation loan with a fixed rate and no monthly fee. Funds were splitâsome paid directly to the roofing contractor and the rest for cabinetry and appliancesâleaving one predictable repayment and a clear end date.
How much can I borrow with a renovation loan?
Typical loan sizes range from $5,000 to $75,000+, depending on project scope, income stability and overall commitments. Secured options can unlock higher limits and sharper pricing; unsecured options prioritise speed and flexibility. Lenders review quotes and recent bank-statement conduct to size the facility sensibly so repayments remain manageable.
Home Renovation Loan Repayment Calculator
Estimate repayments and total cost. Adjust the amount, term and rate to plan your project before you apply.
Balance over time
Am I eligible for a renovation loan?
Eligibility centres on affordability, income stability and a clear project plan with quotes or invoices. Stronger profiles or secured options can access sharper pricing and higher limits.
You may be eligible if you are:
An Australian resident aged 18+
Employed, self-employed or receiving acceptable income
Able to show serviceability via bank statements
Meeting minimum credit criteria (score/history)
Borrowing for bona fide home improvement purposes
How to apply for a renovation loan?
Complete a quick online application and upload documents. Weâll compare offers across secured vs unsecured and coordinate settlementâeither to your account or directly to trades and suppliers.
Documents you may need:
Photo ID (driverâs licence or passport)
Recent bank statements (3â6 months)
Payslips or income verification
Quotes or invoices from builders/suppliers
Asset details if offering security
How to save money on a renovation loan
Compare rate and feesâuse the comparison rate for true cost. Stage your project where possible so you only borrow what you need, when you need it. Shorter terms reduce total interest, while longer terms ease monthly cash flow. Consider secured options if youâre comfortable offering collateral for sharper pricing, and check early-repayment policies so you can pay it down faster without penalty.
Example: Term impact â $40,000 at 10.99% p.a. (approx.):
| Term | Approx. Monthly Repayment | Total Interest (approx.) |
|---|---|---|
3 years (36 mths) | $1,308 | $7,088 |
5 years (60 mths) | $869 | $12,140 |
7 years (84 mths) | $689 | $18,888 |
Understanding renovation loan options
Structure and features affect price, flexibility and project control. Key options include:
Secured vs Unsecured Loans
Secured loans (often against a car) may allow larger limits and lower rates but put the asset at risk if repayments are missed. Unsecured loans are faster and flexible, usually at higher rates.
Fixed vs Variable Rates
Fixed rates lock in predictable repayments; variable rates can move with the market and may save money if rates fallâbut could rise.
Direct-to-Supplier Payments
Pay builders or vendors at settlement to secure materials and lock in work schedules, ensuring funds are used as intended.
Staged Drawdowns
For multi-phase projects, staged drawdowns let you access funds in steps, reducing interest on unused amounts.
Early Repayment Flexibility
Look for extra repayments and early payout with low or no penalty so you can clear the balance sooner and save on interest.
Rate-for-Risk Pricing
Sharper pricing goes to stronger profiles. Improving bank-statement conduct and reducing other debts before applying can help.
Testimonials
Verified Review
Highly recommend, process was simple and quick! very nice fella Jackson đ¤đź
Shayshay K.
Verified Review
We recently purchased a vehicle. Peter was very helpful, with clear instructions and real outcomes. Within 48 hrs the deal was done, only 3-5 emails, a couple of phone calls. That was a super efficient experience. We would go back!
Kishan K.
Verified Review
We had an excellent experience working with Stevette Gelavis from Emu Money. She was absolutely outstandingâproviding clear and comprehensive information from the very beginning and demonstrating professionalism, fairness, and genuine helpfulness throughout the process. After having disappointing experiences with other loan providers who quoted us unreasonably high rates, Stevette secured us a much better rate. Thank you, Stevette, for your exceptional service and for restoring our confidence in loan providers. Youâre doing a fantastic job!
Indu
Verified Review
I found Erin through facebook and I would recommend her to everyone she's professional, Erin was very knowledgeable about different lander's and helped me secure a great rate for my car loan, Erin was always available to answer my questions and kept me updated throughout the entire process and she's honest and reliable I would give her more than 5 stars if I could I highly recommend Erin
Nasratullah
Verified Review
I would highly recommend Emu Money for loan purposes. Special thanks to Eujin who helped me to get the car loan within 24 hrs with no hassles at all. There services are so good.
Jiten D.
Verified Review
âď¸âď¸âď¸âď¸âď¸ Evette is amazing. As a sole trader I struggled to get finance for a car, but she worked tirelessly to make it happen and got me a great loan. Even when delays came up with the sellers bank, she kept on top of everything until it was resolved. I am so grateful and would 100% recommend her to anyone!
Sarah S.
Frequently Asked Questions
Home Renovation Loan FAQs
These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.
