Home improvement loans

For whatever your home needs

Renovations can take up plenty of time, and result in seemingly endless decisions. Those countless trips to the hardware store and the time taken to choose the perfect colour scheme or the right tiles can add up. Whether it's upgrading your kitchen, creating a little extra space for the kids to play, or tackling that long forgotten outdoor area, getting the right loan for your renovations should be the least of your worries. Applying is quick, simple and online.

Secure your loan for a better deal

If you own a vehicle outright, you may be able to use it as as collateral to secure your Home Improvement loan and receive a lower interest rate or borrow a higher amount. Find out more about secured loans here.

MoneyPlace Home Improvement loan features:

Rates from 6.95% p.a. (6.95% p.a. comparison rate*), unsecured, for an excellent credit history
Add a vehicle you own as security to access a lower rate, a higher lending limit, or both
Home improvement loans of up to $80,000 to help with your renovation
One upfront fee that we add to your loan, so you’re not out of pocket
No hidden costs like monthly fees or early repayment fees

Apply now

10 minutes to apply

100% online, no paperwork

Rates tailored for you

No fees for early exits

How it works

Get an estimate and apply

Grab your laptop or mobile device, get your personalised rate estimate, and then finish our simple online application form.

Who can apply?

To apply for a MoneyPlace loan, you must:

Be 18 years of age or older;
Be an Australian citizen or permanent resident;
Have a regular source of income; and
Be an individual person and not a couple, company, trust or partnership etc.

Get your loan

Once your loan is approved, we'll quickly deposit your money into your selected bank account. You can then go and give your house the love it deserves.

Pay your tradies

We deposit the money from your loan straight into your account, so you have the flexibility to choose what tradies or builder you want to use.

FAQ

Will you give me my money in one go, or as I complete my renovation?

You will receive your loan proceeds in one go. So whether you’re waiting to start your renovation, or you’ve already paid your tradies, your loan will work for you.

What can I get a loan for?

You can get a loan for any type of home improvement work. Whether it's a simple job like getting new carpet laid or a larger project like renovating your bathroom, you can apply for a loan with us.

I don’t have equity in my home — can I get a loan from you?

Of course you can. We do not require security, so even if you don't have any redraw available, you can still apply for a loan with us.

My renovation came in under budget. What do I do with my leftover loan money?

If at the end of your renovations you have some money left over, you have 2 options, simply pay it back and save on the interest (we have no early repayment fees) or use it to help start your next renovation project.

* This comparison rate is based on a $30,000 unsecured loan for a five year term.
^ This comparison rate is based on a $30,000 secured loan for a five year term.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.