May 25, 2021

Are renovation loans cheaper than personal loans?

Renovation loans are helpful because it allows you to complete your home renovation without tapping into your savings.

Commonly, homeowners are confused between renovation loans and personal loans. Both are able to provide them the funding they require but there are key differences.

Renovation loan rates are slightly cheaper than personal loans, however, personal loans will offer more flexibility. You will have the freedom to use your personal loan at your discretion.



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