Renovation loans among the most requested, choice guide
According to the most recent Dafone surveys, the motivations that drive the loan market forward mainly concern the home and cars, while consumer credit is decreasing, concerning less urgent objectives and goods not of primary necessity. Home renovation loans always represent an important slice of the market, and even for the amounts linked to this type of request it is a choice to be addressed with particular attention. A brief guide.
Depending on the importance of the work, the renovation of the house may require a mortgage or may be financed by a simple personal loan, even a large one. Loans have higher interest rates than mortgages but some formulas are more easily accessible. Consider, for example, the sale of salary or pension, an option that provides the bank with a convincing guarantee in most cases.
Most advantageous loan restructuring
Another point to consider when talking about restructuring is that different interventions benefit from tax breaks and therefore allow to recover part of the amount spent, in a deferred form in the years following the works. Among the 2018 house bonuses there is still the 50% deduction for a spending limit of 96,000 euros for generic renovations.
To select the most advantageous loan restructuring formula, the best weapon is to compare banks and financial proposals online, including platforms such as Credistair, which link professional investors and clients looking for financing, without banking intermediaries. For home renovation this system allows you to get up to 40,000 euros. The financial companies specialized in personal loans for every type of project, such as Findomestic, guarantee the coverage of restructuring interventions up to 60,000 euros. The process of requesting, subscribing and disbursing the loan can all be done remotely to significantly reduce accessory costs. OneLoan proposes instead a personal loan for restructuring from 5,000 to 100,000 euros, repayable over a period of between 3 and 10 years.