Don't wait years to save up for the renovation you want. Apply once with Lending Room and we match you to lenders who specialise in home improvement finance. Rates from 8.99% p.a. with no impact on your credit score from our check.
From a new kitchen to a full extension, we match you to the right lender for your renovation project.
Two of the highest-value renovations you can make. Finance the full project including materials, labour and fittings.
Adding a bedroom, garage or living space. Finance larger projects with loan amounts up to $250,000.
New flooring, painting, insulation or interior fit-out. Finance the full scope of your interior upgrade.
Improve your home's energy efficiency with finance for heat pumps, solar panels and insulation upgrades.
Outdoor decking, landscaping, fencing or a pool. Extend your living space outside with a renovation loan.
Apply once and our team will match you to the right lender for your specific renovation project.
Apply nowOne application reaches lenders who specialise in home improvement finance. No credit score impact from our check.
We run one soft credit check that does not affect your score. Once matched, some lenders accept our check while others may run their own.
Access competitive rates from specialist lenders. Better than using a credit card or store finance to fund your renovation.
Unsecured loans available without using your home as security. Secured options available for larger loan amounts at lower rates.
Same-day assessments available. Get your project started sooner rather than waiting weeks for bank approval.
We match you to the lender most suited to your renovation project and financial situation.
Checking your options costs nothing and commits you to nothing. You choose whether to proceed.
One short form. We handle the matching, the follow-up and the hard work.
Takes about 5 minutes. Tell us your loan amount, purpose and basic situation. Just the once.
We run a soft credit check and match you to the lender on our panel most likely to get you a better deal. A soft check does not affect your credit score.
Our team contacts you with your approval. If it works for you we guide you through to settlement. No obligation at any stage.
Ready to get started?
Apply in 5 minutes. One application. A better loan deal.
We help employed New Zealanders with a good credit history get the finance they need for their renovation.
You are employed
Full-time, part-time or self-employed with verifiable income.
NZ citizen, resident or eligible visa holder
Open and employer-specific work visas with at least 13 months remaining.
Good credit history
We work with borrowers who have a clean or near-clean credit record.
Loan amount between $3,000 and $250,000
Terms from 6 to 84 months.
What to have ready
Having these on hand will speed up your assessment.
Your NZ driver licence or passport
3 months of bank statements
Details of your renovation project and estimated cost
Details of any existing loans or debts
Common questions about funding your renovation through Lending Room.
Can't find what you're looking for? Contact our team
No. Unsecured renovation loans are available without using your home as security. If you do own your home, secured options may be available at lower rates for larger loan amounts.
We run a soft credit check during our assessment which does not appear on your credit file or affect your score. Once we match you to a lender, some accept our soft check while others may run their own standard credit check as part of their process. We will let you know before we submit.
The minimum is $3,000 and the maximum is $250,000 depending on the lender and your personal circumstances. Loan terms range from 6 to 84 months.
Yes. Once the loan is approved and funds are deposited, you can use them to pay builders, tradespeople, suppliers or any renovation-related costs.
Same-day funding is possible for applications approved before 12pm on business days. Most applicants hear back the same day they apply.
A broker and introducer fee of up to $1,500 applies when your loan is successfully funded. This fee is added to your loan amount and is GST inclusive. It is disclosed clearly before you commit to anything and you are never under obligation to proceed. Lender establishment fees may also apply depending on the lender.
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A home renovation loan is a personal loan used to fund improvements or repairs to a residential property. In New Zealand, renovation loans can be secured against an asset or unsecured, meaning you do not need to use your home as security to access finance for your project.
Renovation loans are available from banks, non-bank lenders and specialist finance companies. Loan amounts typically range from $3,000 to $250,000 depending on the lender and your financial profile, with terms from 6 to 84 months. The right loan structure depends on the size of your project, how quickly you need the funds and whether you have an asset available to offer as security.
Many homeowners assume the only way to fund a major renovation is to refinance their mortgage or access home equity through a top-up. While this can work for very large projects, it is not always the right option. Refinancing takes time, often involves legal and valuation costs and ties your renovation spend to your mortgage term, which can mean paying interest for decades on something like a kitchen renovation.
An unsecured renovation loan does not require your home as security. This makes it accessible to renters, people who do not own their home outright and homeowners who prefer to keep their mortgage and personal lending separate. Unsecured loans are typically faster to arrange and have fewer conditions attached.
A secured renovation loan uses an asset such as a vehicle as security, which can result in a lower interest rate and access to larger loan amounts. This is different from using your home as security through your mortgage lender and can often be arranged more quickly.
Lending Room works with lenders offering both secured and unsecured renovation finance. One application reaches our full panel of 20+ vetted NZ lenders. We run a single soft credit check that does not affect your score.
Home renovation loans in NZ can cover almost any improvement or repair project. The most common uses include kitchen and bathroom renovations, extensions and additions, flooring and interior fit-outs, heat pump and solar installations, outdoor decking and landscaping, and general maintenance and repairs.
The funds are paid directly to you once the loan is approved, so you can pay builders, tradespeople and suppliers directly without the lender needing to approve individual costs. This gives you flexibility to manage your project budget without additional paperwork.
The interest rate you are offered on a renovation loan in NZ depends on several factors. Your credit history and credit score are the most significant. A clean credit file with no defaults or missed repayments gives you access to lower rates and more lender options.
Your income, employment stability and existing debt commitments are also assessed. The loan amount and term you choose affect the rate too. Secured loans generally attract lower rates than unsecured loans of the same amount. Comparing across multiple lenders through a single application is the most effective way to find the sharpest rate for your project.
Applying for a home renovation loan through Lending Room takes about five minutes. You will need your NZ driver licence or passport, three months of bank statements, an estimate of your renovation cost and details of any existing loans or debts.
You do not need a formal builder quote before applying. If you have one it helps with accuracy, but our team will work through the details with you when we call. We run one soft credit check that does not affect your score, assess your application against our full lender panel and contact you with your options the same day in most cases.
One application, one soft credit check, matched to the right lender. Our team will help you find the right finance for your project.
