Home Renovation Loans
Are you dreaming of transforming your home but worried about the cost? Our home renovation loans can help you bring your grand designs to life without straining your budget. Whether it’s remodelling the bathroom, refreshing the landscaping, or adding an extension, our home renovation loans cover all aspects of your project, from materials to labour costs and more. With a Mega Cash GO home renovation loan, you can focus on creating your dream space without stressing over the immediate expenses.
What is a Home Renovation Loan?
A home renovation loan is a special type of personal loan to help cover the costs associated with upgrading your home. With Mega Cash GO’s home improvement loans, you gain access to flexible repayment options and competitive interest rates, ensuring that your vision is not constrained by your finances. You can apply for a home renovation loan regardless of whether you’re stocking up on tools and materials for a DIY project or seeking professional help to complete the job.
Why apply for a Home Renovation Loan?
Everyone knows the costs of home renovations often blow out, and projects can drag on for years. However, your home is where you spend most of your time, making it a worthwhile investment. Here are a few reasons why a Home Renovation Loan could be the right choice for you:
- Don’t Cut Corners: By maximising your renovation budget, you can ensure that every aspect of your home improvement project is top quality.
- Get It Done: Expedite the renovation process and ensure that the project is completed in a timely manner, rather than dragging on for years.
- Increase Property Value: Investing in home renovations can significantly increase the value of your property, making it a wise financial decision in the long run.
- Emergency Fund: Have financial assistance readily available to handle unexpected setbacks or expenses during your renovation project.
- Protect Your Savings: Safeguard your savings for other essential expenses or financial goals while still achieving your home improvement aspirations.
What does a Home Renovation Loan cover?
Whether you’re embarking on a major reno or a simple refresh, our home renovation loans offer the flexibility to pursue your dream vision without financial strain. Some of the expenses typically covered by a home renovation loan include:
- Kitchen or bathroom remodelling
- Cabinetry, countertops, flooring, and lighting
- Interior or exterior painting
- Room additions or home extensions
- Landscaping
- Roof repair or replacement
- Foundation repair
- Energy efficiency upgrades including solar
- Updating appliances
- Buying furniture
Types of Mega Cash Go Loans:
| Loan Feature | Small Loan | Personal Loan |
|---|---|---|
| Loan Amount | $300 to $2000 | $2050 to $5000 |
| Costs | 20% establishment fee + 4% of loan amount per month | Establishment fee of $400 + 36% p.a interest |
| Loan Terms | 1 to 12 month duration | 2 to 24 month duration |
Transform your space. Home Renovation Loans made simple!
Frequently Asked Questions
View all FAQ'sAm I eligible for a Mega Cash GO Home Renovation loan?
If you are over 18, an Australian citizen or permanent resident and receive an income, you may be eligible for a Mega Cash GO Home Renovation loan.
We verify all your details to make sure you’re in a position to repay. Our top priority is to ensure that you have a great experience and are able to comfortably repay your loan.
How much can i borrow for a Home Renovation loan?
Mega Cash GO offers loan between $300 and $5000! The amount you can borrow will be based on the amount you ask for and your personal circumstances at the time you apply.
Mega Cash GO will perform an identity and credit check with a credit reporting bureau, as well as assess your income and expenses to ensure that the product you choose is right for you.
How much does it cost?
You’ll always see a clear breakdown of all your fees and repayments before you confirm your loan. As a quick reference, though, here’s a general breakdown of fees:
Small Loan: If the principal amount you borrow is between $300 – $2,000 you’ll pay:
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Establishment fee: 20% of the principal amount
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Monthly loan fee: 4% of the principal a month
Medium Loan: If the principal amount you borrow is between $2, 050 – $5,000 you’ll pay:
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Establishment fee: $400 flat rate
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Interest Rate: 36% p/a
What do i need to get started?
Mega Cash GO has tried to make our application process quick and easy! We don’t like paper and boring consultation meetings. We do still need to know some things though…
What you will need to apply:
- Your internet banking details
- Two of the following forms of identification (driver licence, Medicare card or passport number)
- Your BSB and bank account number (so we know where to deposit your money)
- Plus all the usual stuff like your name, DOB, Address, employment information and details on your current expenses.
How do i apply for a Home Renovation loan?
Apply: Apply here and answer some basic questions or download our app and apply.
Link: Link your bank account for instant approvals and cash delivery.
Verify: For security purposes, we’ll request that you verify your ID.
Approval: Your loan application is either approved or Denied. Either way, you’ll know if your loan’s been approved before the end of the day.*
*application must be received before 3:30pm AEST
Cash delivered! Once you’re approved, we’ll send you a direct deposit in minutes.
How quickly will i get my money?
We understand the importance of fast financing, especially while Renovating your home. Our technology enables you to upload all necessary documents directly from your mobile or computer, allowing us to provide you with a speedy response.
Once you’re approved, you’ll receive your funds within 5 minutes of confirming your loan.*
*Loan must be approved by 3:30pm AEST during banking days. Otherwise, the payment will be processed on the next business day. Clearance time is subject to your bank.
WARNING! Do you really need a loan today?
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
- For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.
- Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
- If you are on government benefits, ask for an advance from Centrelink: www.humanservices.gov.au/advancepayments
The Government MoneySmart website shows you how small amount loans work and suggests other options that may help you.* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
Apply and manage your loan in-app today!
