5 Best Home Renovation Loans in 2021
Home Renovation loans allow you to borrow money from reliable lending companies to refurbish your home to the desired standard. There are various types of home renovations. There’s the kitchen renovation, bathroom upgrade, garage revamp, bedroom remodelling etc.
According to UK.collected.reviews, the truth about this loan is that it is usually unsecured. Before asking for a loan, it is important that you have taken an inventory of your renovation plan and how you intend to pay back the loan.
Home renovation loans are not usually advisable when there’s no sight of a payback plan. Make sure you secure a loan like this within your means.
Here are some of the best home renovation loans in the UK today.
1. RateSetter Personal Loan Semi Exclusive:
This is a private company loan scheme that helps borrowers meet their home remodelling dreams. This loan allows a reasonable amount of £3,000 to £25,000. It is a loan that has a 1-5 years payment plan. This loan is specifically for UK residents, with a minimum age of 21 years and earns a minimum of £12,000 per year.
2. Post Office Personal Loan:
The post office personal loan also serves the same purpose of helping homeowners attain their desired goal of a home renovation. The loan amount ranges from £1,000 to £25,000 with a 3.0% interest. The loan lasts around 1 year to 7 years. Only available in the UK for people within the age of 21 and an above, minimum yearly …