Increases the value of the house or apartment
Many have a dream of getting a new kitchen or bathroom in the home. It can make a big difference in everyday life, and at the same time it increases the value of the house or apartment in most cases. Of course, the price depends on how much to change. But it is rarely a cheap project and therefore some extra help may be needed.
Online you can take out a loan for a new kitchen or bathroom and get up to USD 500,000. Here we give you some good advice along the way, which can help you with your project.
Loan for new kitchen / bathroom
There are a large number of companies offering consumer loans online. Here you can borrow between 5,000 and 500,000 kroner, so you can easily choose an amount to suit your needs. The advantage of a consumer loan is, that you have full freedom to spend the money, as you please. Compare and apply for a loan for a new kitchen or bathroom here:
There is great variation between the companies. This applies to terms, fees, interest rates, possible amounts, etc. Therefore, it is worth spending time exploring your various options before choosing. Here is a list of some of the companies on the market that offer loans for new kitchens or bathrooms. You can use it to get a better overview of your opportunities, and so you can quickly select any companies you want to apply to.
Options for financing the kitchen
Of course, there are other options than consumer loans if you need some extra money to fund your new kitchen. You have the opportunity to apply for a loan in the bank. For example, it is possible to refinance the mortgage, and then you can use the available capital to refurbish the kitchen. Here you will often get a lower interest rate, but it is a time-consuming process and you must have a good finances in order to choose this option. You can always chat with your bank and hear what opportunities you have there.
Many retailers offer financing for kitchens. Here you get an agreement, where you repay an amount (plus interest) each month instead of paying the full amount at once. At the dealers who offer this solution, you can see the price of financing before you buy. Therefore, you can easily compare the total cost with the price of a consumer loan, so you can choose the cheapest solution.
Of course, you also have the opportunity to save and wait. If it only takes 1-2 months, then this is an obvious choice, but if you have to wait longer, it may not be the best solution. It is frustrating to wait, and someone is going to spend the money on something else along the way. In some cases, it is also worthwhile to get a new kitchen or renovate right away instead of waiting. In time, it can be an even more expensive project than it was in the first place.
5 good tips before you get started
Finally, you get 5 tips before you take out a loan for a new kitchen or bathroom:
- Add a budget first. This is how you can determine if you need to borrow, how much you need and how much you can afford to pay off each month. That way you avoid problems with the repayment.
- Investigate your loan options carefully and choose the solution that suits you best.
- Search with multiple companies so you can compare your consumer loan offers and choose the one that is the best and cheapest for you.
- Don’t borrow more than you need . Then you are tempted to spend the money on other things, and you get a loan, which is more expensive than necessary.
- Find the cheapest retailer by comparing prices for different kitchens and bathrooms. You can also try to get an even better offer from the dealer you choose.