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Dreaming of a kitchen renovation but worried you’ve overcooked your budget?

MoneyMe home improvement loans are a great way to fund your kitchen renovation cost - without paying anything up front.

We offer unsecured personal loans of between $5,000 - $50,000 for loan terms of up to five years. You can apply online - or using the MoneyMe app on a mobile device - in a matter of minutes and receive a response immediately. Depending on who you bank with, your kitchen home improvement funds will be in your bank account and ready to use the same day.

To learn more about how one of our personal home improvement loans can help make your kitchen renovation project a reality, check out the MoneyMe DVine Living page. Hosted by home renovation expert Dale Vine (of ‘The Block’ fame), DVine Living is a brand new lifestyle show designed to teach you the best DIY tricks and ideas and get the best kitchen upgrade for your budget.

Episodes cover a range of big and small renovation projects - from backyard paving and how to work out a patio cost to smart kitchen and bathroom renos, so be sure to tune in!

1. How much does it cost to renovate a kitchen?

Your kitchen renovation budget shouldn’t have you wondering if someone’s cutting onions. How much your kitchen home improvement project will cost is largely dependent on the scale of renovation you’re hoping to undertake and how much of the work you’re willing - and/or able - to do yourself.

If you’re looking to achieve a contemporary small kitchen makeover at a low cost, it’s time to get stuck into some smart DIY. Upgrading old laminate benchtops for granite is a guaranteed way to make your space immediately look more crisp, clean, and modern. Similarly, instead of removing existing cabinetry, painting the cabinet doors and simply upgrading the hardware can totally transform the style and feel of your kitchen.

It goes without saying that the cost of your kitchen upgrade will start to increase quickly if your renovation plan involves kitchen remodelling, i.e. changing the layout or size of your kitchen to make the space more functional. Anything which involves moving or the installation of new gas, plumbing or electrical sources will require the services of a professional to ensure work is performed to code.

Similarly, if you’ve committed to the cost of custom cabinetry or splashbacks to achieve your kitchen home improvement dreams, you’ll want to engage professional kitchen builders for installation. This will ensure that the craftsmanship, materials and quality of your new cabinetry isn’t unwittingly compromised by improper wall support - a common DIY installation error which can not only be a huge safety issue to everyone in the home; but result in significant damage to your new kitchen, as well as your crockery and appliances.

Whether you’re after a classic or contemporary kitchen renovation, the best kitchen makeovers are those which don’t break the bank. MoneyMe personal loans are offered at competitive variable interest rates, so you’ll know exactly how much your kitchen upgrade loan repayments will be for the full duration of your loan.

2. How to apply for a loan to cover the cost of kitchen renovation?

Applying for a MoneyMe loan to fund your kitchen renovation is easy. You can visit us online or via the MoneyMe App and complete a 100% paperless loan application in just a few short minutes.

First, we’ll ask you about how much you’d like us to lend you to support your kitchen renovations - and any other renovation costs you’re considering like a bathroom remodel, veranda cost or wood heater installation cost - and over how long. You can use our nifty online calculator to compare repayments on different loan amounts and lending periods.

Once you’ve confirmed that, you’ll need to tell us about your employment and income, daily expenditure, and any liabilities, savings, and assets.

As a part of the assessment process, we’ll then review your credit history using the new reporting methodology. Whereas previously, your credit file only reflected any negative activities, such as where you may have missed a bill or defaulted on a line of credit, the new, comprehensive method of credit reporting allows us also to see your positive credit behaviours. This means all your regular, on-time repayments are recognised, creating a much clearer, fairer, and more positive borrower profile.

Once you’ve completed the online loan application form, we’ll ask you to sign in to your online bank platform. It’s important to note that we don’t receive access to your account - our system simply requests a 90-day transaction statement in PDF read-only format from your bank. After receiving it, our online loan management system will use it to confirm the information you provided around income, existing debt, and other expenses listed in your application.

We offer unsecured personal loans between $5,000 - $50,000 at competitive rates, with a quick response time and funds delivered to most accounts the same day. To be eligible to apply, you’ll need to be at least 18 years of age and an Australian citizen or resident for tax purposes.

So, if you’re ready to get cooking, hit ‘Apply Now’ on the MoneyMe website or app, and you could have the cash for your kitchen renovation in your account the same day.