Make your home feel like you with low rates from 8.49% 1 comparison 9.33% p.a.2* for excellent credit.
Home Renovation loans
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handy
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The Wisr Difference
Not your average lender
We’re smart, with a big heart.
Your rate is tailored based on your credit score.
You’ll get an outcome that’s right for you.
With no early repayment fees.
Learn how to keep them in shape.
Our customer service team is ready to help.
Loan Calculator
Doing the maths is smart
Calculate your repayments on a home renovation loan.
- Monthly
- Exceptional
Get estimate
Details
| Total Repayments | $0.00 |
|---|---|
| Total Interest | $0.00 |
| Amount Required | $0.00 |
| Establishment Fee | + $0.00 |
| Loan Total | $0.00 |
| Interest Rate (p.a.)1 | 0.00% |
Testimonials
For the part of you that learns from others
The Process
We keep it simple
- 01
Get your personalised rate estimate in 2 minutes
- 02
Apply online and get a response right away
- 03
Upload your documents
- 04
Sign on the digital line
- 05
Get your money within 24-48 hours
Product features and fees
- Loan purpose
Home Renovation loan
- Interest rate
Fixed from 8.49% 1 to 23.29%
- Comparison rate
Fixed from 9.33% 2* to 24.05% 2*
- Loan amount
$5,000 – $62,000
- Terms
3, 5 and 7 years
- Establishment fee
$595
- Features
No early repayment fees
Eligibility criteria
- Gross income over $25,000 p.a.
- Over 18 years of age
- No unpaid defaults last 5 years
- No bankruptcies last 7 years
- Not currently in financial hardship
- Permanent Australian resident (living in Australia right now)
Q1: How much can I borrow?
If you’re just looking to do a few bits and pieces around the house, we offer loans from $5,000. For the bigger projects, customers can borrow up to 62,000% to get the job done.
Q2: How are my repayments calculated?
We take the value of the loan, plus the interest payable from your personalised rate and the one-off establishment fee, and divide that into equal instalments depending on your loan term and payment frequency. You can opt to pay monthly, fortnightly or weekly – whatever works best for you.
You can check what your repayments might be with our repayment calculator here.
Q3: How is my rate 'personalised'?
We look at the whole picture when putting together your loan offer. If a customer has an excellent credit rating, we’re able to offer them lower rates. If your credit score is holding you back from getting a loan, we share plenty of tips for polishing it up on the Wisr blog. We’re big on responsible lending, so we’ll never offer you a loan you can’t afford to pay back.
Q4: What fees and charges should I know about?
We don’t charge any early exit fees. We want you to get on top as quick as you can!
We charge a one-off establishment fee at the beginning of your loan term. This $595 is included in your repayment calculations and averaged out over the life of the loan.
If your direct debit dishonours, we charge a $2.75 dishonour fee and a $25 late payment fee to cover the cost that the banks charge us and the operational task for our team to manage this.
FAQ
For the curious
A renovation loan can be used on any major home improvement project, whether you want to renovate the kitchen or bathroom, add a new room onto the house or improve your outdoor area with landscaping, paving, a new pool, shed or garage.
More Resources
The boring (but important) stuff
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1: This rate applies only to borrowers with excellent credit histories. Wisr will also offer loans at higher rates to applicants with good histories, but do not meet the requirements for our lowest rates. Interest rates range from minimum 8.49% to maximum 23.29% Loan example: for a borrower with excellent credit, a loan of $30,000 over a 5 year term, with an interest rate of 8.49% comparison rate 9.33% and a $595 establishment fee, the monthly repayment would be $627.56 and the total cost over the life of the loan including the establishment fee would be $37,653.35.
2: Comparison rates based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.
3: Comparison rates based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.
4: Comparison rates based on $10,000 secured loan, fixed over 3 years, with monthly repayments.
5: Comparison rates based on $30,000 secured loan, fixed over 5 years, with monthly repayments with a total loan amount compared to the vehicle asset valuation less than or equal to 130%.
* 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.
Note: All rates mentioned on this website are calculated on a per annum basis.