Renovation Loans
Renovation Loans are ideal whether you’re planning DIY updates or even if you’re getting the professionals in for a large reno project. Regardless, you can count on Crester Credit to help with the financing of your renovations to assist with cash flow. We make it easy to borrow money on a short-term basis for all sorts of home renovations.
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Lick & Flick Partners
Crester loves to partner with builders or people that buy houses to renovate them, and then on-sell. Consider us your renovation finance partner to help you grow.
On a hand-shake
Previous customer? Proven track record in repayments? You’ll be able to call, ask the amount you can borrow, and we’ll give you quick approval of how much, immediately.
Low Interest Rates
When house prices are rising, the interest cost of home improvement loans are negligible compared to the capital gain you may receive. Regardless, our interest rates are some of the lowest you’ll find, starting from 12%.
Super fast –
Money in your
account
just 24 hours
Renovation Loan Calculator
Use our New Zealand online loan calculator to determine the repayments you can afford and how much you should borrow. Usually, you’ll make a deposit towards your home improvement loans, which acts as security, and we then spread the remainder across your repayment term.
Choose your term
Repayment Details
1 YEAR
Your Weekly Repayment
$22.60 PER WEEK* This is an approximate loan duration and amount based on assumed adequate security & collateral, job security, income, residence situation and positive references. This is subject to the New Zealand responsible lending code. Terms and conditions apply.
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Our customer rating
4.6/5
Rates
With Crester, you can repay your loan over a term of up to 36 months, with flexible weekly or monthly repayments to suit your budget. Our interest rates range from 9.95% to 26.98% p.a., depending on factors like your credit profile, loan purpose, and selected term. For a full breakdown including early repayment options, default interest, and establishment fees, please refer to our Rates and Fees page.
Terms
Before applying with Crester, please take a moment to review our terms and conditions. When you apply, you’re agreeing to let us collect and securely store your personal details. We aim to ensure all information on our site is current and accurate. If anything seems off, get in touch in writing and we’ll work to correct it. Crester follows New Zealand’s Responsible Lending Code.
Fees
Your personal data is protected with end-to-end encryption on all Crester web forms, ensuring your details remain secure throughout the loan process. We manage all client information with strict confidentiality, using robust security measures to guard against unauthorised access. Crester also complies fully with New Zealand’s privacy laws. For more information, see our Privacy Policy.
Our renovation loans help with
- Flipping property
- Updating rooms like an old bathroom or kitchen
- New furniture or building materials
- Gardening or landscaping
- Extensions or new interiors
- Exterior painting
- Recladding
- Driveway cleaning & sealing
- Roofing repairs or replacement
It’s up to you whether you want to do-it-yourself or pay professionals. With our home renovation loans, you tell us how much it will cost to renovate your house, and we will sort the repayments and term for what you can afford. We can even look at using your home or furniture and appliances as the security for the loan.
Need To Know’s About Renovation Loans
Easy Renovations
More than 80% of our customers return to us for their future renovation loans. The more you work with us, the easier getting a loan will become. In fact, we love to partner with people who use the funds for property improvements.
Inflation versus interest
If property prices are rising beyond or close to the interest rates that Crester offers, then if you do the math, taking a loan for renovations makes a lot of sense, and the cost is balanced by inflation. Home improvement loans are a fast way to access the cash you need.
Get Cash in 24 hours
Faster than the banks! After you submit your application, you will hear back from us within 60 minutes. Once approved, the funds for the loan for renovations will be deposited into your bank account within 24 hours.
Home improvement loans NZ-wide.
We lend to people who are looking to improve property anywhere in New Zealand, not just Christchurch. This means renovation loans in Auckland, Wellington, Hamilton, Tauranga, etc.
Handy Tips
- When renovating, always assume that you’ll have additional costs. Factor an additional 15% and detail all costs in a spreadsheet prior to starting.
- When working with contractors, create an agreement with a contingency factor. This means, if you’re paying $6000 for a driveway, arrange that you’ll pay $5000 and then the $1000 a month after the job is completed, so any defects are fixed with the money incentive for the contractor to complete the work satisfactorily.
- Partner with a construction company that can issue a structural report and make suggestions for improvements.
- If the purpose of renovating is to sell the house, always stage the property using a professional staging company; It’s worth every cent.
- If selling the house, it’s always smart to incentivise your real estate agent, telling them that if they achieve a certain price, you’ll give them full commission; if not, then their commission should reduce too.
- If you’re keeping the house, get a valuer to come through and detail a report so that it can be submitted to the bank, which will gain you more equity as the property value will have risen.
APPLY NOW & YOU COULD BE APPROVED BY
Our renovation loan application form is your instant solution to adding value to your property before selling or revaluing it.
Property finance questions? Ask Our lending team.
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We respond to our property flippers and renovation customers, almost immediately, but in the meantime, please review our commonly asked questions and information about Crester Credit’s terms and conditions. We’ve included detail about establishment fees, annual interest rates, early settlement options, the responsible lending code of New Zealand, and the online finance application process. We’re here to help with everything finance related, so please ask if you have any questions at all.
FAQ