There are many reasons for wanting to get started on some home renovations. Maybe it’s the kitchen that desperately needs a makeover, the bathroom needs to come into this century, the patio needs an upgrade or the walls need a fresh coat of paint – there always seems to be something that needs to be done around the house.
But those updates can wreak havoc on your budget, and we all know that even a little alteration can take up a sizeable chunk of cash. One of the easiest ways to turn your renovation dreams into reality is to take out an unsecured loan – and here’s how a small personal loan can help you get started.
Quick and easy application process
If you’ve been planning to do some home improvements for a while now, you’ll be glad to know that you can make them happen sooner than you think if you apply for a personal loan.
These days, most financial institutions make the application process as quick and easy as possible for the borrower. Many lenders charge low establishment and monthly fees, and most have a transparent approval process and allow early repayment options. And the best part is - you can complete your application online!
No collateral needed
Typically, small personal loans up to $5,000 are unsecured, which means the lender doesn’t require collateral i.e. you don’t have to use any of your assets as a guarantee when you take up the loan.
Flexible loan term and repayments
One of the great things about a personal loan is that you can often choose the loan term or repayment frequency that will suit you best. So, if you need to keep your home renovation loan repayments as low as possible, you may be able to spread the repayments over a longer period. Conversely, if you want to repay it quicker, you can choose a shorter term.
Quick access to cash
Home renovations sometimes require quick actions and may cause havoc if you can’t get started immediately. So, if your drains are clogged, the roof is leaking, or the laundry has flooded, you need to know you have fast access to cash.
Unlike other types of loans that may take weeks to approve, a small personal loan usually has a same day or 24-hour approval process, so you can get your hands on those funds really quickly.
Easy to pay
As mentioned, most lenders offer flexible repayment options - so before you apply, it's always a good idea to determine if the repayments are the best fit for your budget. In fact, here at Safe Financial you can calculate the repayments yourself by using our quick and easy loan calculator - it displays the repayments for your preferred loan amount and payment frequency (including any applicable fees or charges).
Renovate your home now!
A personal loan may help from the beginning of your renovation project, or at the end. With the quick application process, as well as the easy and flexible repayment options, it can truly help you to improve your home. So, if you feel the need for an upgrade, we’re here to help. Just take a look at our cash loans to $5,000 to find out how quick and easy it is to get your hands on some extra funds. Once a loan is approved, the cash is usually in your bank account within a few hours – so you can get that home improvement project completed in next to no time!