How a modernization loan works?

 

Every homeowner knows this: modernizing the house becomes a constantly recurring task after the purchase. A new bathroom, better external insulation, a more efficient heating system or a chic new roof – there is a lot to improve and beautify. Low tide on the savings account? Then the earmarked installment loan is a good solution for your modernization.

Its advantages: It is specially designed for property owners, covers sums of up to 50,000 dollars, does not require a land register entry, its application is straightforward, and it offers better conditions than a normal installment loan. With the best interest for modernization, additional construction finance usually comes along, but the barriers to entry are higher here.

    Modernization loans for owners, buyers and tenants

    Modernization loans for owners, buyers and tenants

    At the beginning we want to offer you a quick overview of how you can finance your modernization. It depends on who you are and what you are up to. As a property owner, you have other options than someone who is just buying the property. And for tenants who just want to beautify the occupied premises, there are other loans available.

    Details on the various modernization loans

    Details on the various modernization loans

    In the first step, we gave you an initial orientation and have already made recommendations. Now we show again in more detail how we come to these recommendations. Here you can get to know the types of credit in question with all their advantages and disadvantages: If your modernization takes up larger sums, you can take out further construction financing. While this is the cheapest, it is also a hurdle. The earmarked installment loan is easier to process and also relatively inexpensive. Last but not least, you could also choose a normal, non-earmarked installment loan – but this is the most expensive option.

    Good planning is half the modernization

    Good planning is half the modernization

    Modernize or renovate, service or renovate – whatever you plan, our installment loan specialists will find the right loan for you. Favorable interest rates are the most important criterion, but they also make sure that all other conditions also suit you. So you can sit back and relax when it comes to financing and concentrate fully on planning your modernization measures.