The Detelec renovation loan is suitable for anyone who plans to have small or large jobs carried out in or on the home. The advantage of borrowing money is that you do not have to have savings. Or if there is savings available that the money can be kept for other purposes. For example, a new kitchen can be purchased or the bathroom can be refurbished with the credit. There are all kinds of possibilities to renovate the house or to carry out maintenance. Perhaps the intention is to create a veranda to enjoy the outdoors on summer evenings. The renovation loan can therefore be used for everything and is intended for small and large renovations.
| Lender | Information | Max. Loan | To request |
 | Review | $ 200,000 Interest (APR) 2.99% | |
 | $ 50,000 Interest (APR) 2.91% | ||
 | Review | $ 50,000 Interest (APR) 2.85% |
Loan amount adjusted to budget
When choosing a Detelec renovation loan, it is of course important that there is a loan amount that is tailored to the budget. It is therefore advisable to determine in advance what the expected costs are of the small or large renovation. In addition, you can look at your own financial situation. When granting the renovation loan, it is the case that the income and the fixed costs of the applicant are taken into account.
Fixed costs include rent or the mortgage loan, just as other loans are included in the calculation. Incidentally, it is always possible to run a simulation for the renovation loan online at Detelec. In this way, a concrete insight into the repayments and the total costs can be quickly obtained. Incidentally, there is also the possibility to take out an Ecological Renovation Loan with this lender for special ecological renovation projects.
Fixed term and monthly repayment
Detelec's renovation loan has a fixed term and must be repaid monthly. Amounts can be borrowed for minor renovations starting at USD 2,500. If a major renovation is going to take place, it is possible to borrow up to an amount of 75,000 US dollars. Of course, the annual percentage rate of charge for this installment loan must be taken into account. It is certainly advisable to simulate the renovation loan, whereby a choice can be made between the Ecological credit and the classic renovation credit.
Then the desired loan amount can be entered. Different maturities are shown. For example 48 months, 54 months and 60 months. The monthly repayment is lower with a longer term, so that this can of course also be taken into account. After the simulation, it is possible to apply online for the renovation loan. The file will then be processed. After the analysis and assessment of the application, the contract will be sent by email. Only after the contract has been signed and returned by post is there an agreement that involves obligations. The money from the renovation loan will be deposited directly into the bank account by Detelec after receipt of the signed contract.