Unlike many products or services, loan offers tend to be the cheapest option. This is on condition that the other terms and conditions of the loan agreement do not contain any special features and are sufficiently flexible, for example, with regard to the payment period.
Below you will find three examples of the benefits of bidding on a home improvement loan.
We made calculations and comparisons for a $ 1,700 light kitchen upgrade, a $ 12,000 kitchen renovation, and a $ 20,000 project for a new turnkey kitchen in a private home.
Light kitchen renovation – $ 1,700 funded
All bids were calculated on January 17, 2018 at known prices for a 36 month loan period. The differences in total costs were not great, but the cheapest home loan was found by White Rabbit and offered by the Swedish Collector Bank.
WATERPROOFING AND TOILING FOR THE BATHROOM AND TOILET – FINANCED AMOUNT 6,000 DOLLAR
All offers were calculated on January 17, 2018 at known prices for a 48 month loan period. The differences in total costs were not very large and the cheapest loans were found.
Renovation of the 12 square meter kitchen – 12,000 DOLLARs funded
BATHROOM AND SAUNA REPAIR – AMOUNT 12,000 DOLLAR
All offers were calculated on January 17, 2018 at known prices for a 60 month loan period. The difference between the most expensive and the cheapest loan was already over USD 800, so it is worth comparing the offers. There were also differences in the offers, for example, some of the fees were not charged at all but the interest rate was higher.
Because the products offered are different, it is important to count all the offers for the same loan period. Only in this way can you truly ensure you find the most affordable home improvement loan. The best deal for this loan amount was found in the White Rabbit comparison and offered by Goodbank.
RENOVATION OF A BATH HOUSE IN A DETACHED HOUSE – USD 14,000 FINANCED
All bids were discounted on January 17, 2018 at known prices for a 72 month loan period and the cheapest loan solution found through White Rabbit comparison at Goodbank.