Funding allocated to pay for a screened porch, new insulation or a greener heating system.
Can go up to 75,000 USD, the ready work gives borrowers the opportunity to carry out work for their home, in order to improve their comfort or save energy. This is a credit affected which is governed by the Consumer Code.
Renovate your home with credit
The loan works is a consumer credit which allows to cover all the expenses related to the improvement or the renovation of his house: extensions, installation of a new kitchen, change of decoration, fees of architects, master of work, etc … Justifications must be submitted to prove the destination of the funds granted, such as quotes or invoices.
The characteristics of the loan works
When subscribing to a work loan, the borrower chooses the desired amount for the realization of his project as well as the monthly payment that he wants to repay. It is important to specify that tenants also have the right to apply for this type of financing , if the changes made do not go against their lease agreement signed with their landlord.
With or without a personal contribution, consumers can subscribe to a consumer credit with a financial institution. In the case of a depreciable loan, all the characteristics of the financing are known in advance:monthly payments, the duration, the interest rate, the cost of the optional insurance and the handling fees, if applicable. You will find all these features in the depreciation table.