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Why Choose AFS for Your Home Renovation Loan
Transform Your Home with Confidence. A home renovation loan from AFS gives you the financial freedom to turn your vision into reality. Whether you’re updating a kitchen, adding a new room, or refreshing your outdoor space, our loans are designed to make your home improvement projects easier and more affordable.
Make Your Dream Space a Reality. With AFS by your side, you can confidently tackle your home renovation projects. Let us help you create the home you’ve always wanted, with financing that works for you.
Ready to Get Started? Explore our loan options and apply online today. Your dream home is just a few steps away!
No matter where you are on your journey, we're always here to help!
Frequently Asked Questions (FAQs)
An AFS renovation loan could be used for all kinds of home renovations and, is not limited by the following:
- New Kitchens
- Conservatory Extensions
- Attic Extensions
- Solar Panels
- Bathroom Upgrades
- New Flooring or Carpets
- Roof Repairs
- Decking & Landscaping
- Swimming Pools
- Professional Building Work
- DIY Improvements
- House Painting
- Home Security Systems
A home renovations loan can provide the financial flexibility to turn your house into your dream home without the burden of upfront costs. You can distribute the expenses over a fixed term with repayments tailored to your financial situation. By investing in home improvements, you not only enhance your living space but may also increase your property's value, which could be advantageous if you consider selling in the future.
Once you’ve submitted your loan application, approval is conditional pending credit checks and verification of the information you have supplied. Approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial information. Your Loan Account Manager can provide more information about documenting your loan and the settlement process.
Anyone over 18 years of age who is a citizen or permanent resident currently living in Australia, can apply for an AFS unsecured personal loan. To be eligible, applicants need to be employed and earn a minimum of $530 per week.
To ensure applying online is straight forward, we suggest you gather a few key documents so that you have the information at your fingertips.
Here is a checklist outlining all necessary information you should have at hand before applying.
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Your full name
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Your date of birth
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Your current driver's licence number and expiry date
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If you do not have a current driver's licence, then details of your passport including number, place of issue and expiry date.
Your Residential Details
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Your current residential details
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If you have not been living at your current address for at least 3 years, the details of your previous address
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If you have a mortgage, or have recently applied for a mortgage, the details of the monthly payments
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If you are renting or boarding, the details of your landlord/real estate agent including Name and Telephone Number.
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Things you should know
1 All loans are subject to affordability, suitability and verification.
* Interest rate (Annual Percentage Rate/APR) is only applicable for new goods that have not been pre-owned, where the amount borrowed is between $35,000 and $130,000 and where the applicant owns or is buying a property and has an established good credit history. Finance subject to approval, including the application lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicant's credit score and associated credit risks. Credit provider is Automotive Financial Services Pty Ltd - Australian credit licence 383 762.
^ Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applied only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Seven year loan terms by request only.
- If you use a licenced finance broker to assist you in applying for credit, there may be other fees and charges payable, such as a finance broker fee or Origination Fee. AFS enables you to finance an Origination Fee as part of the amount of credit up to a maximum value of $990 including GST. An Origination Fee represents the finance broker's fee to provide credit assistance to you. It is a one off fee that is only payable if you proceed with the suggested credit contract. Under the National Credit Code, a Finance Broker is required to give you their Credit Guide, a Credit Quote and, at the same time as providing assistance to you, give you a Credit Proposal Disclosure document which will details all the fees and charges payable and if any commission will be received by the finance broker.