Loans as they should be
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Borrow up to $50,000 for a range of loan purposes
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Simple online application
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Loan terms from 12 to 60 months
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No early repayment fees
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Fast finance – funds typically disbursed within 24 hours of approval
Learn more about our renovation loans
Ready to give your home a fresh new look? Whether you’re updating a single room or planning a full home makeover, a secured renovation loan from Rapid gives you fast, flexible finance to turn your home improvement plans into reality – without dipping into your savings.
At Rapid, we know that home renovations can be exciting, but the upfront costs can feel overwhelming. That’s where we come in. Our flexible renovation loans give you fast access to funds for home enhancements, repairs, or upgrades. No complicated paperwork. No long waits. Just simple, straightforward finance to get your project moving. We’re here to help everyday Australians make their homes work better for them.
Why Choose a Renovation Loan?
Home renovations are exciting, but they can also come with unexpected costs. What starts as a simple project can quickly grow with design upgrades, surprise repairs or structural changes.
That’s where a Rapid renovation loan can help. By giving you access to funds upfront, you can keep your project moving without delays or budget blowouts. With fixed repayments and flexible loan terms, it’s easy to stay in control.
Many homeowners see it as an investment—boosting the value of their property while enjoying the benefits now.
Apply online today and take the next step toward the home you’ve been dreaming of.
Benefits of Secured Home Renovation Loans
Our secured loan for renovations lets you use an asset, in most cases your car, as security. Using your car as collateral gives you higher chances of approval, access to a larger borrowing capacity, and typically attracts lower interest rates compared to unsecured loans. This gives you the freedom to complete your renovation exactly how you want – with flexible repayment options that fit your financial goals.
Quick and Easy Renovation Loan Application Process
We know a lot goes into a renovation project, from identifying the need for improvement, to finding a builder or contractor, so the last thing you want is for your finances to slow you down. That’s why we’ve made applying from a personal loan for renovation quick, easy and 100% online.
Here’s how our simple process works:
- Apply online – complete your application in just a few minutes.
- Fast assessment – we’ll review your application quickly, often within one business day.
- Quick funding – once approved, funds are paid directly into your account.
- Fixed repayments – your repayments stay the same throughout the loan, with no early payout penalties if you want to pay it off sooner.
With Rapid, you can organise your renovation finance quickly – so you can focus on bringing your project to life.
Renovation Loan Options
Every home improvement project is different – and so are your finance needs. That’s why Rapid offers a range of renovation loan options to suit your plans and your budget.
Borrow between $5,000 and $50,000 with fixed interest rates, making budgeting straightforward.
Our loans can be used for any home improvement project, including:
- Kitchen renovations
- Bathroom upgrades
- Home extensions
- Flooring or painting
- Outdoor living and landscaping
- Urgent home repairs or insurance gaps
No matter the size or stage of your project, Rapid’s home renovation loans can help you get started sooner – and stay on budget.
Am I Eligible for a Renovation Loan?
If you’re considering applying for a renovation loan, you may be eligible if:
- You’re at least 18 years old
- You’re an Australian citizen or permanent resident
- You have regular income
- You can comfortably meet your loan repayments
Because our secured loans use your registered vehicle as security, we’ll also require details of that vehicle during the application. If your credit history isn’t perfect, that doesn’t automatically rule you out. At Rapid, we look at your full financial situation, not just your credit score, to see if a renovation loan is the right solution for you.
What Documents are Needed to Apply for a Renovation Loan?
To help us process your renovation loan quickly, you’ll need a few simple documents:
- Valid ID (driver’s licence or passport)
- Proof of income (recent payslips or benefit statements)
- Information on your current debts and expenses
- An estimate of how much you need to borrow for your renovation
Once we receive your application, we’ll move quickly to assess it and get you the funds you need to start your project.
How It Works
1. Apply Online
Get started with our simple online application and be on your way in just a few clicks! Our secure online platform keeps your information safe.
2. We’ll Get In Touch
Your application will be reviewed and one of our friendly loan consultants will be in touch soon! We’re here to help.
3. Receive Funds
We take our commitment to being fast seriously! If you applied in the morning and were approved, your funds could be available the very same day.
Why go with Rapid for your loan?
Loans Tailored to You
Our auto and personal loan products were created with our customers in mind. We live in the real world too, so we created flexible loan solutions to suit most circumstances.
Quick and Easy Process
Our online application takes just minutes and our secure online portal allows you to upload your essential documents quickly and conveniently.
Personalised Service
Like everything at Rapid, we make sure dealing with our professional customer service representatives is straightforward and simple. We’re here for you!
Trusted Lender
We’ve funded loans for over 50,000 happy customers to make life happen. Our people are experienced, professional and understand that life isn’t always straightforward.
Explore Our Other Loan Types
Dental Loans
For when you want to smile big.
Vet Bill Loans
For the extra member of the family
Medical Loans
For when its time to prioritise your health
Personal Loans
For when you want to start living
Renovation loan questions
How do home renovation loans work?
Home renovation loans are a type of loan that gives you funds to complete any home improvements and renovations. When considering whether to take a renovation loan with Rapid Loans, you should determine the scope and cost of the renovation and create a detailed budget for the project.
Your credit score is also important when considering taking out a renovation loan. It can affect the interest rate and loan terms you are offered. You should check your credit score before applying for a home renovation loan to ensure that there are no errors on your report.
When applying for renovation finance with Rapid Loans, as part of the process, we’ll ask you to provide a number of documents to ensure we know to whom we’d be lending the money, what your income is and other documents that might help us better understand you and your finance needs.
Once you’ve determined how much money you need, you’ve checked your credit score and can prove to us a few important things, it’s time to apply! Our online application is quick and easy to complete and if there is anything missing, one of our dedicated loan consultants will be in touch with you to talk about your loan for home renovation. If you are approved for a loan for home renovation, we ask that you review the loan offer carefully to ensure that you understand the terms and conditions and that you understand the repayment process.
If and when you accept the loan offer for renovation finance, you’ll need to complete the loan process by signing the loan agreement and providing any information for us to secure the loan. Before applying for a home renovation loan, make sure that you understand the repayment process and are confident that you can make the regular repayments.
Everyone has different circumstances and the points above are general information about how to get a home renovation loan. You should always consider your personal circumstances and ensure that Rapid Loans understands how you intend to use and pay back the loan for your renovation.
What can I use a renovation loan for?
A home renovation loan can be used for a wide range of home improvement projects, including:
– Kitchen remodelling
– Bathroom renovation
– Addition of new room
– Flooring replacement
– Roof replacement
– Electrical and plumbing upgrades
– Installation of energy-efficient systems
– Landscaping and outdoor living areas
– Painting and decorating
– Solar Panels and systems
It’s important to consult with local tradies and builders and obtain any necessary permits before starting any home renovation project to ensure that the project is completed in accordance with local regulations.
At Rapid Loans, we make home renovation loans accessible to help homeowners make improvements or repairs to their homes that increase the value of the property or improve the quality of life for the homeowner. Whether you’re looking to upgrade your kitchen, add a new room, or replace your roof, a home renovation loan can help you get the funds you need to complete your project.
Is a home renovation loan a good idea?
Whether a home renovation loan is a good idea depends on your individual circumstances and financial situation. There are some important factors to consider when deciding if a home renovation loan is the right choice for you:
Purpose of the renovation: If the renovation will increase the value of your home, it may be a good investment and a home renovation loan can be a good idea. However, if the renovation is not necessary or will not increase the value of your home, it may not be a good idea to take on additional debt.
Affordability: Consider the regular repayments you will need to make, and make sure you can comfortably afford the repayments without putting undue stress on your finances.
Repayment period: Consider the length of time you will need to repay the loan and make sure it fits within your financial goals and plans.
Impact on credit score: Taking out a loan can have an impact on your credit score, so make sure you understand the impact and are prepared to accept the consequences.
A loan for home renovation might be a good idea for you to make your space feel more like yours. It is important to do your due diligence and ensure you can comfortably pay back the renovation loan once you’ve taken it out and the renovation has started. Consider obtaining financial advice as to whether taking out a loan is right for you.
How much do I need to borrow for a home renovation?
The amount you need to borrow for a home renovation will depend on the scope of your project and the materials and labour costs involved. Here are some things you should consider when determining how much you need to borrow:
– Cost of materials: Determine the cost of all the materials you will need for your renovation, including flooring, cabinetry, fixtures, and appliances. It could be handy to get a quote from a local tradie or builder to help you understand what the cost of materials will be.
– Labour costs: Estimate the cost of labour, including the cost of hiring contractors, electricians, plumbers, and other professionals. Again, if you get a quote from a local contractor, they will outline their hourly rates for the project.
– Council permits and fees: Council may ask for payment to approve the new additions to your build or the modifications to your home. These costs could also include building permits, electrical permits, and plumbing permits.
– Contingency funds: Set aside a contingency fund to cover unexpected expenses, such as unanticipated repairs or changes to the project scope.
– Finishing touches: Don’t forget to include the cost of finishing touches, such as paint, wallpaper, furniture and accessories, in your budget.
Once you have an estimate of the total cost of your renovation, you can determine how much you need to borrow to cover the expenses. It’s important to remember that renovation projects often cost more than originally estimated, so it’s a good idea to borrow a little more than you think you’ll need to cover any unexpected expenses that may arise.
At Rapid Loans, when you apply for a renovation loan, we’ll outline all the information for you regarding interest rates and fees associated with your loan. This will help you understand the total cost of the loan and renovation giving you a more complete picture of the project.