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A home improvement loan is a type of personal loan used to finance renovations, repairs, or upgrades to your home. Whether you’re building a new deck, remodelling the kitchen, or installing energy-efficient features, a home improvement loan can provide the funds upfront so you can get the job done now and repay it over time.
At Get Approved Loans, we make it simple to compare home improvement finance options from over 60 lenders across Australia—so you can find the best rate and loan features for your next project.
How a Home Improvement Loan Can Increase Property Value
Renovating your home doesn’t just improve your lifestyle—it can significantly boost your property’s market value. Investing in key areas of your home can deliver a strong return when it comes time to sell. Here are some popular improvements and their potential benefits:
| Renovation Area | Average Cost (AUD) | Estimated Value Increase |
|---|---|---|
| Kitchen Renovation | $15,000–$30,000 | Up to 10% |
| Bathroom Upgrade | $10,000–$25,000 | Up to 5–8% |
| Outdoor/Decking | $5,000–$15,000 | Adds appeal & lifestyle value |
| Interior Painting | $2,000–$5,000 | Boosts freshness & style |
| Solar Panel Install | $4,000–$10,000 | Reduces energy bills, improves resale |
Applying Through Get Approved Loans is Easy
At Get Approved Loans, we’ve simplified the process of finding and applying for a renovation loan. Whether you’re a homeowner looking to upgrade or a first-time renovator, our AI-powered platform matches you with lenders suited to your financial situation, credit score, and budget.
Need quick access to funds? Our Lunchtime Loan service means you could be approved and funded on the same day—perfect for when a tradie or renovation deal can’t wait.
We compare secured and unsecured options, fixed and variable interest rates, and flexible repayment terms, so you have all the tools you need to make an informed decision.
Home Reno Finance Application Process
Applying for a home improvement loan should be a straightforward process. Follow these 3 easy steps to apply online so you can access fast cash to purchase sooner.
Step 1
Input
Enter your details into our AI-powered options tool, and it will instantly calculate and present the best available options for you!
The more information you provide, the more precise your loan options will be.
Step 2
Compare
Let our AI options tool handle the work instantly—no waiting required!
With access to over 75 lenders, our AI options tool will personalise and present the best results tailored to your priorities.
Step 3
Choose
Now comes the easy part! Choose from the list of lenders, and if you need more clarity, the platform can provide detailed insights to help you find exactly what you’re looking for.
For a more personal touch, our Customer Service Consultants are always available to chat.
Compare Fixed vs Variable Rates & Loan Types from Australia’s Big 4 Banks
When considering a home improvement loan, it’s worth comparing both fixed and variable rate personal loan options from Australia’s Big 4 banks—Commonwealth Bank (CBA), Westpac, ANZ, and NAB. Fixed rate loans offer predictable repayments, ideal for budgeting your renovation costs, while variable rate loans may offer more flexibility and potential savings if rates drop. You’ll also want to assess whether a secured loan, which is backed by collateral (like your property), is right for you, or if an unsecured loan—which typically has higher interest but doesn’t require security—better suits your needs. Get Approved Loans helps you compare both types across 60+ trusted Australian lenders, making it easier to find a loan that fits your renovation goals and financial situation.
Why Choose Get Approved Loans for home improvement financing?
Access to Over 60 Lenders Across Australia
AI-Powered Comparison for Fast, Accurate Results
Secured and unsecured home improvement finance
Perfect for big or small renos—from bathrooms to full extensions
Flexible Loan Amounts and Terms
Fast pre-approvals with no pressure
Home Improvement Loan FAQ
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What is a home improvement loan?
A home improvement loan is a type of personal loan used to finance renovations, repairs, or upgrades to your property—whether it’s a kitchen remodel, bathroom update or outdoor entertaining area.
Can a home improvement loan increase my property value?
Yes, smart renovations can boost your property’s market value. Updates to kitchens, bathrooms, and outdoor areas are among the most popular and can yield strong returns on investment.
Is it better to get a secured or unsecured loan for renovations?
It depends on your situation. Secured loans typically offer lower interest rates but require collateral like your home. Unsecured loans don’t require assets but may have slightly higher rates.
Can I get a fixed or variable rate for a home improvement loan?
Yes! Many lenders offer both. Fixed rates offer predictable repayments, while variable rates could save you money if interest rates fall. With Get Approved Loans, you can compare both across 60+ lenders—including the Big 4 banks.
