Reviews collected under Lending Room - the team behind Payday Advance NZ.
Home Renovation Loans NZDon't wait years to save up. We match you to specialist home renovation lenders from our panel of 20+ vetted NZ lenders. One application, one soft credit check, no impact on your credit score from our check.
One application reaches lenders who specialise in home improvement finance. No credit score impact from our check. No obligation to proceed.
One soft check only
We run one soft credit check that does not affect your score. Once matched some lenders accept our check while others may run their own - we always tell you before we submit anything.
Rates from 8.99% p.a.
Access competitive rates from specialist renovation lenders - significantly better than using a credit card or store finance to fund your project.
Secured and unsecured options
You do not need to own your home to qualify. Unsecured loans are available without using your property as security. Secured options are available for larger amounts at lower rates.
Fast decisions
Same-day assessments available. Get your project started sooner rather than waiting weeks for a bank approval process to run its course.
20+ lenders on our panel
We match you to the lender most suited to your renovation project and financial situation - not just the first lender who will say yes.
No obligation
Checking your options costs nothing and commits you to nothing. You see the full offer before you decide. No pressure, no obligation at any stage.
Renovation loan vs credit card vs bank
Credit card
20-28% p.a.
Revolving debt. No fixed end date.
Bank
Weeks to approve
Hard checks. Slow process.
Payday Advance NZ
From 8.99% p.a.
One soft check. Same-day possible.
Your credit score stays intact
Estimate your repayments below. Actual rates and fees depend on your profile and the lender.
Calculator is a guide only. Actual rates, fees and repayments depend on your profile and lender. Rates from 8.99% to 29.95% p.a. (AIR). Broker fee of up to $1,500 applies on successful funding.
One short form. We handle the matching, the follow-up and the hard work - you just wait for your best deal.
Takes about 5 minutes. Tell us your renovation budget, what you are planning to do and your basic situation. Have a rough project estimate handy if you can.
We run a soft credit check and match you to the renovation lender on our panel most likely to get you the best deal across rate, terms and fees. No credit score impact from our check.
Our team contacts you with your approval. Once settled funds go straight to your account and you pay your contractors directly. Funding can happen the same day. No obligation at any stage.
We help employed New Zealanders get the finance they need to start their renovation. You do not need to own your home to qualify for an unsecured loan.
You are employed or self-employed with regular income
Full-time, part-time and self-employed income with verifiable earnings may be accepted depending on the lender.
You are a NZ citizen, resident or eligible visa holder
Open and employer-specific work visas with at least 13 months remaining are accepted.
You have a clean or near-clean credit history
We work with borrowers who have a clean or near-clean credit record. Apply and our team will confirm what is possible for your situation.
You need between $3,000 and $250,000
Renovation loan terms from 6 to 84 months. Secured options available for larger amounts at lower rates.
You do not need to own your home
Unsecured renovation loans are available without using your home as security. Renters and homeowners can both apply.
What to have ready
Having these on hand will speed up your assessment.
Your NZ driver licence or passport
3 months of bank statements
Details of your renovation project and estimated cost
Quotes from contractors if available
Details of any existing loans or debts
Rated 5 out of 5 on Trustpilot
Common questions about funding your renovation through Payday Advance NZ.
Can't find what you're looking for? Contact our team
No. Unsecured renovation loans are available without using your home as security. If you do own your home secured options may be available at lower rates for larger loan amounts. Both renters and homeowners can apply.
We run a soft credit check during our assessment which does not appear on your credit file or affect your score. Once we match you to a lender some accept our soft check while others may run their own standard credit check as part of their process. We will let you know before we submit anything.
The minimum is $3,000 and the maximum is $250,000 depending on the lender and your personal circumstances. Loan terms range from 6 to 84 months. Larger amounts may require security or additional documentation depending on the lender.
An unsecured loan does not require any asset as collateral. It is based purely on your income and credit profile and is available to renters and homeowners alike. A secured loan uses an asset - usually your home or vehicle - as security which typically allows for larger loan amounts and lower rates. Our team will confirm which options are available to you when we review your application.
Yes. Once the loan is approved and funds are deposited into your account you can use them to pay builders, tradespeople, suppliers and any other renovation-related costs. There are no restrictions on which contractors or suppliers you use.
No. You can apply with an estimate of your renovation cost. Having quotes from contractors will speed up the assessment process but they are not required to apply. Our team will let you know if any additional documentation is needed for your specific project.
Same-day funding is possible for applications approved before 12pm on business days. Most applicants hear back the same day they apply. The timeline depends on the lender and how quickly documentation can be verified.
A broker fee of up to $1,500 applies when your loan is successfully funded. This fee is added to your loan amount and is GST inclusive. It is disclosed clearly before you commit to anything and you are never under obligation to proceed. Lender establishment fees may also apply depending on the lender.
A home renovation loan in New Zealand is a personal loan used specifically to fund home improvement projects - kitchens, bathrooms, extensions, landscaping, heat pumps or any other work on your property. Unlike a mortgage top-up which requires home equity and a lengthy bank approval process, a renovation loan can be arranged quickly through a broker like Payday Advance NZ with one application and one soft credit check that does not affect your score.
Renovation loans in NZ are available as either unsecured loans - where no asset is required as collateral - or secured loans where an asset such as your home or vehicle is used as security. Unsecured loans are faster to arrange and available to renters as well as homeowners. Secured loans typically offer larger amounts and lower rates for those who have equity available.
There are several ways to finance a home renovation in New Zealand. Each has different implications for your credit score, approval time, interest rate and flexibility.
A fixed-rate personal loan used for your renovation. Rates from 8.99% p.a. through Payday Advance NZ. One application, one soft credit check, fast decisions. Available to renters and homeowners. The most flexible option for projects under $250,000.
Borrowing additional funds against your existing mortgage. Typically lower rates but requires home equity, a full bank credit assessment and can take weeks to arrange. Not available to renters. Re-fixing fees may apply depending on your current mortgage terms.
Convenient for small purchases but credit cards in NZ typically charge 20% to 28% p.a. Store finance deals often revert to high rates after an interest-free period. Not suitable for large renovation projects or those wanting a fixed end date for their debt.
Available for major structural work or new builds. Requires detailed plans, consents and a registered valuation. Draws are made in stages as work progresses. A lengthy process suited to large-scale projects not smaller renovations.
For most NZ homeowners and renters undertaking renovations under $250,000, a personal renovation loan arranged through a broker is the fastest and most flexible option - with significantly lower rates than credit cards and without the complexity of a mortgage top-up.
A kitchen renovation is consistently one of the highest-value improvements you can make to a NZ home. A well-executed kitchen renovation can add significantly more to the value of your property than the cost of the renovation itself - making it one of the few home improvements where borrowing to complete the project can make strong financial sense.
The average kitchen renovation in New Zealand ranges from around $15,000 for a basic refresh to $60,000 or more for a full replacement with high-end finishes. Through Payday Advance NZ you can borrow from $3,000 to $250,000 for your kitchen project with terms from 6 to 84 months and rates from 8.99% p.a.
Always get at least two to three quotes from licensed tradespeople before you apply. Having a realistic project cost in hand makes the loan application process faster and ensures you borrow the right amount - not too little to complete the job and not more than you need.
Bathroom renovations in NZ typically range from $10,000 for a basic refresh to $40,000 or more for a full gut-and-replace with quality fittings. Like kitchens, bathrooms consistently rank among the renovations that add the most value to a NZ home relative to their cost.
A renovation loan through Payday Advance NZ can cover the full scope of your bathroom project including waterproofing, tiling, plumbing, vanities, showers, baths and labour - in one loan with one fixed repayment and a clear end date.
Having firm quotes from licensed contractors gives you an accurate borrowing figure and strengthens your application. Applying with a rough estimate is fine but having quotes speeds up the process and avoids under or over borrowing.
Renovation projects almost always encounter unexpected costs - hidden weatherproofing issues, plumbing surprises or material price changes. A 10% to 15% contingency built into your loan amount can prevent your project stalling midway through.
A short-term loan on a large project creates high monthly repayments that may strain your budget. Match the loan term to what you can comfortably afford each month while still paying off the debt in a reasonable timeframe.
Apply for your renovation loan before committing to contractors or paying deposits. Knowing your approved amount and rate before you start means you can negotiate with tradespeople from a position of certainty rather than hoping finance will come through in time.
Consumer lending in New Zealand is regulated under the Credit Contracts and Consumer Finance Act (CCCFA) which requires lenders to assess affordability, disclose all fees clearly and treat borrowers responsibly. As a licensed financial services broker registered on the FSPR, Payday Advance NZ operates in full compliance with these regulations.
When you apply through our platform we assess your situation using a soft credit check that does not affect your score. We then match you to the lender on our panel most likely to approve your renovation loan at the best overall rate across rate, fees, term and fit for your situation. You receive one clear offer explained in full with no obligation to proceed.
Payday Advance NZ is operated by the same team behind Lending Room - one of New Zealand's most trusted loan brokers with over 1,030 five-star Trustpilot reviews. The same lender panel, the same service standards and the same commitment to finding you the best deal.
Apply in 5 minutes. One soft credit check. We compare 20+ NZ lenders and match you to the right one for your renovation project. No obligation at any stage.
