Consumer Finance
Renovation Finance
From cosmetic refreshes to structural extensions, we match you with the right renovation loan.
Product details
Renovation Finance explained
Renovation finance ranges from a simple loan top-up or redraw for cosmetic work to a full construction loan for structural changes. Construction facilities draw down in stages against builder invoices and are often interest-only during the build. Lenders will want fixed-price contracts, council approvals and an on-completion valuation for larger projects.
Approval in 5 days
What you get
- Redraw or construction loan
- Interest-only options
- Progress payments
Repayment calculator
Illustrative only. Your Lonix broker will confirm actual rates.
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FAQs
Renovation Finance — questions we hear
Can't find your answer? Your Lonix broker is one message away.
It depends on your circumstances, but Lonix brokers can typically arrange from $5,000 to $50m+ across our lender panel.
For many asset and business products, the asset itself is the security. Personal or unsecured options are also available.
Simple products can be approved within hours. Complex commercial deals take a few days to a couple of weeks.
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