Just last week, we funded a home improvement deal for a client who was looking to make significant improvements to their family home. Below is a quick view of their situation and needs.
Customer Situation & Needs
The Customer had been thinking about doing home improvement upgrades for quite some time and decided it was finally time to get started.
This is what the customer wanted to do for their home improvements:
$33,000 – Kitchen Renovation
$16,000 – Outdoor deck improvements
$14,000 – 2 x Air conditioning units
$15,000 – Solar panels for the pool Total costs – $78,000
The issues The Customer preferred not to refinance their mortgage due to their already high LVR, their limited available funds in their offset account and potentially having to incur LMI (Lenders Mortgage Insurance) in the process.
This is where ANT Money Brokers stepped in!
So How did this solution help the client ?
$78,000 funded We were able to find a lender to finance the client’s full amount they needed to complete their Home Renovation Project.
Competitive loan The Lender offered the client an unsecured rate of 8.74% p.a. (8.74% comparison rate) for a 7-year loan term. The customer was also able to choose simple fortnightly repayments which made their financial commitment manageable.
Shorter term loan A shorter 7 Year loan term was negotiated for the client.
This added further comfort and peace of mind for the client
Solar-powered savings With access to funds provided by the Lender.The client was able to install solar panel to operate and heat the pool. This will not only make their home greener but this move will also potentially decrease their energy bills while adding value to their home.
Quick approval and funding With same day funding, the customer was able to get started on the projects right away!
The client was happy with the lending solution we proposed.The negotiations for the client with the lender was organised smoothly by us.
In the end we settled on the finance providing the client with the funding they needed promptly.
If you think a Personal Loan Solution like this will work for you,simply contact ANT Money on 0401278688 or drop us a message on our Contact Us Page
