Home Improvement loans

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Home Improvement Loans

– Remodel Your Space

At one point in your life, you plan to upgrade your house to increase its value. Whether it is a fresh stroke of paint or remodelling the kitchen, it is not always easy to pay for it outright. Even if you are managing to do it yourself, you will have to spend money on the material you need. It is not surprising to be running out of the money when you need it to refurbish your house. Here comes the role of home improvement loans.

You can also treat them as personal loans because they do not require collateral. The amount you can borrow is between €1000 and €50,000 repaid over a specific time length depending on the amount you borrow. You will get the loan on the same day you put in the request. However, if you apply for it on public holidays, you will get money the next working day directly in your account.

Home Improvement Loans

Size of the loan

Repayment term

€1,000 to €25,000

One to five years

€25,001 to €50,000

Five to ten years

What Are The Key Features Of Home Improvement Loan?

No matter what kind of renovations you want to add to your house, a home improvement loan can make it happen. Here are the key features

  • We run a credit check, but it will not have an impact on your credit report.
  • You can apply for renovation loans despite a poor credit rating. However, it must not be below 620.
  • You will have one payment holiday every year if a financial emergency catches you off guard. However, the interest will keep accruing.

Note that the interest rates will likely be higher in case you have a bad credit rating and you cannot borrow more than €35,000.

How to Get Better Home Improvement Loan Interest Rates

Getting home improvement loan best rates in Ireland is no picnic. You will have to shop around and compare interest rates before clinching a deal. However, there are still a lot of things you need to do before finalising it.

  • Keep your credit score up because it will improve your chances of getting a deal with attractive interest rates.
  • Look over your credit utilisation ratio. It should be as little as possible. Try not to have it more than 30%.
  • If you do not have a credit history, try to build it. Buy a thing with a credit card so you can pay back on instalments. It will show your credibility.
  • Before you apply for home remodelling loans, make sure that you have been working for at least one year in your current company because frequent switching between jobs will weaken your application.
  • Strengthen your income statement because a slight doubt in your repayment capacity can lead to rejection of your application.

Can I Expect Flexible Repayment Schedule?

Home renovation loans are generally paid over a specific period, and hence, they are easier to manage than small loans. However, what repayment method the lender will offer you depends on the size of your loan. OnlineCashFinances does its best to provide you with flexible repayment schedules.

Borrowing limit

Repayment Length


Weekly (Four total instalments, repaid within a month)

From €1,001 to €3,000

Once in two weeks (six total instalments, repaid within three months)

Over €3,000

Monthly instalments

Note that we happily accept early repayments. Unlike other online lenders in Ireland, we do not charge any early repayment fees. We aim to help you when you are in a tight spot, not to make profits or throw you in a debt cycle.

If you fall behind the due date, you will have to pay late payment fees provided your loan is 30 days past due and it will harm your credit score. If you manage to pay within 30 days from the due date, you can escape losing your credit score, but you will still have to pay late payment fees, unfortunately.

To avoid late payment fees, you will have to inform us before the due date falls so we can extend the repayment date or put you on a payment holiday if possible. However, if you have already availed yourself of the payment holiday in that particular year, you will have only the former option. It is not possible under all circumstances.

Usually, we allow a week or two-week period to settle all dues. If you fail to clear your dues within that buffer period, you cannot escape late payment fees.

Repayment Schedule

Does Using Home Improvement Loan Calculator Help Me?

A home improvement loan calculator in Ireland will let you get an idea of how much it will cost you. It is crucial to know whether you will be able to afford to pay back what you are borrowing.

Though the calculator will not give you an exact estimation, it will at least let you get an idea so you can plan accordingly. Various online calculators are out there that you can use to know an estimate of the total cost of the loan.

You will just have to feed in the details like the amount you want to borrow and the total repayment period.

Approach OnlineCashFinances For Home Renovation Loan With Bad Credit

Bad credit is a snag that often stops you from applying for a home improvement loan. However, this is no longer a problem if you borrow money from OnlineCashFinances.

When it comes to signing off on loan, we do take into account your credit score to make a decision, but we understand that it might be due to a reason other than financial irresponsibility. Our home improvement loans for bad credit people come with the most competitive interest rates.

We recommend you to consider your affordability before applying for these loans because interest rates will likely be a bit higher (but manageable).

So, when are you going to apply for home refurbishment loans?


What I Need To Have The Best Home Improvement Loan Rates?

To have the best home improvement loan rates, you must have a good credit score and repaying capacity. However, if you have a bad credit rating, you must have a guarantor with a good credit rating and a good income source.

How To Make Home Improvement Loan Comparison?

To compare home improvement loan rates, you should shop around. Use online home improvement loan calculators to know the total cost and then compare them.

Can I Rely On The Private Lender For Home Renovation Loan Same As Bank Of Ireland?

Of course yes, you can rely on a private lender if you are looking to take out home improvement loans. A reputed private lender will not charge very high-interest rates and lend money based on your affordability, so you do not fall in a debt trap.

Do I Require A Good Credit Score To Get Home Improvement Loan Over €10000?

No, you do not need to require a good credit score if you want to borrow over €10,000, but you will have to arrange a guarantor with a good credit history. The lender will also consider the guarantor’s repaying capacity in case you fail to keep up with repayments. However, if you have a good credit rating, you can get attractive interest rates.

Our Services

  • Bad Credit Loans
  • Business Loans
  • Car Loan
  • Quick Loan
  • Doorstep Loans
  • Student Loans
  • Home Improvement Loans

Representative Example

Loan amount of €10,000 with a monthly repayment of €331.19 over a loan term of 36 months at a rate of interest per annum (fixed) of 12.5%. This is equivalent to 12.5% APR Representative. Total amount repayable is €11922.79

Our Features

  • 24/7 Support
  • 100% Online Application
  • No Upfront Fee
  • No Hidden Charges
  • Instant Fund Transfer
  • No Documentation Required
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