Home upgrades are one of the biggest expenses families face. Whether it’s a new kitchen, a bathroom upgrade, or an outdoor entertainment space, the costs can quickly add up. For many Perth locals, refinancing the mortgage isn’t always the smartest option. Instead, renovation loans or personal loans provide flexible, fast, and affordable ways to finance home improvements without the stress of restructuring an existing home loan.

Renovation Loan vs Personal Loan: What’s the Difference?

Renovation Loan – specifically designed for property improvements, often with competitive rates and structured repayments.
Personal Loan – more flexible, can cover renovations as well as other expenses like furniture, appliances, or landscaping.

Both options allow you to avoid touching your mortgage, keeping your home loan stable while giving you access to the funds you need.

Benefits of Using a Personal or Renovation Loan

Fast approval compared to refinancing.
Fixed repayment terms so you know exactly what to budget for.
Flexibility to cover all renovation-related costs, not just building works.
Protects your mortgage — no need to increase your home loan balance.

Choosing the Smart Option for Your Upgrade

A finance broker in Perth can help you compare renovation loans and personal loan options across multiple lenders. At Hanna Lending, we specialise in finding the right solution based on your project size, budget, and long-term financial goals.

Final Word

Before you start knocking down walls, make sure your finance structure is just as strong as your renovation plan. Speak to Hanna Lending today to explore your best options for personal loans and renovation finance in Perth.

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Nathan Hanna

Director

Nathan has 10 years experience as a finance broker, helping Australians find the right loan. Nathan will work with you to get your next asset or personal finance.

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