Renovation project: for which loan to opt?
Do you have a sudden desire to renovate your home? A redevelopment project for a transformation of your daily life? Opt for renovation work credit for your small or large jobs. This is a very popular financial solution for consumers.
Brief definition of the loan works for a renovation project
The credit works is an installment loan well known to individuals. It does not necessarily require a guarantee or mortgage and is easily obtained from financial institutions. Of course, you have to have a good profile to be eligible for a credit application. This means a stable financial situation, income that can meet his needs and a reasonable debt ratio. Nevertheless, these conditions may vary depending on the bank. In any case, a renovation work loan is an economical solution to finance the transformations you want to bring to your home.
Conditions for a renovation credit
To support your request, you will need to submit certain documents. It can be various purchase orders, job quotes or material invoices that your contractors have given you. In addition to administrative documents, the amount of the loan will be at least 1,500 euros with a repayment period of between 6 to 120 months. Finally, the renovation works loan offers a fixed prime rate of 2.94%.
The renovation works credit is an ideal solution for those who plan to perform any type of transformation in their home. Especially since the amount borrowed is directly paid into the consumer’s account and without forgetting the speed of validation of requests. Another possitive point, no expertise will be required. The intervention of a notary will not be necessary. This alternative is a boon for all those who want to finance their renovation work simply and efficiently.