Do you need a new look for your home that is better suited to the season? Have you just built or refurbished your entire home and now is the time to finish it?
Many others have dreams of a wonderfully warming neck, a fireplace in the kitchen or new, darker boards for the sauna. In Finland, money and time are used to decorate, and in recent years the home has actually been turned into a people’s castle. There you will enjoy and relax – and that is what you want.
Home loan for home remodeling
Sometimes the way to improve the look of your home is through decoration. However, money can be tight, especially if the interior has been preceded by a longer renovation that has swallowed up funds.
What are the alternatives on the market for financing interior decoration? We explored a few options for a home loan.
Getting a loan for a home decoration
In general, for almost all consumption, it is recommended that you save money first and then use it. However, this is not always possible, profitable or practical. In this case, most rely on the loan, at least in part.
But where should I apply for a loan – and what not?
The alternatives are often a bank loan or a consumer loan. The most important thing to think about is what kind of loan would best suit your financial situation: what amount of you want to borrow and at what repayment term?
For example, most of us don’t need a $ 50,000 home furnishing loan, although there are alternatives.
The home loan takes into account the total cost
When comparing loans, pay particular attention to the total cost, which is how much the loan will pay you in full. For example, the low interest rate alone does not necessarily make you happy if the loan includes, for example, the so-called loan opening fees of several hundred euros.
In our loan comparison, you can easily make the comparison.
Some people want to leave the interior design on their shoulders. The cost of interior design can often not be tax deductible, for example by deducting a household allowance. This is because deductible jobs are usually household chores such as cleaning or snowmaking. However, if you purchase a package that includes both renovation and decoration from your service provider, you may be able to successfully apply for a household deduction.
Credit card payment for interior decoration costs
The credit card is a bank-side in addition to the credit side, which allows the adoption of different contracts with credit. In practice, with a credit card, you can always get a loan within the limits set by your credit line.
It is a popular means of payment because the credit side provides security, for example, in bankruptcy situations. For example, if you would like to order new curtains from an online decoration shop, you might want to pay with a credit card. You see, many credit cards offer purchase and product security.
Smaller home furnishings in particular can be purchased with a credit card. For credit cards, the credit line usually ranges from $ 1,000 to $ 5,000, but higher credit limits are available. For example, Good Lender Bank’s Finnair Plus Visa offers a credit limit of up to EUR 10,000 and Handelsbanken’s Gold Credit up to EUR 20,000.
There are also credit cards that do not have a predetermined credit line. So you can buy even bigger purchases with these cards.
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