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Here's a few things to know about sorting your finances before you start knocking down or putting up new walls.

It all starts with your finances

Whether you’ve got big dreams to build the home you’ve always wanted or just want to make a few changes around your existing home, it’s important to work out how you’re going to pay for it all first.  We’ve got a range of loan options that will allow you to tailor a financial solution to suit your needs.


Redrawing from your existing variable rate home loan could be a quick and easy way to get access to the funds you need. If you’ve made additional payments over the life of your loan, you can redraw that money to help fund your renovation project.

Please talk to one of our Home Loan Specialists when considering this option.

For larger projects, you may want to consider borrowing additional funds using your current home as security. You can choose to ‘top up’ your existing home loan without the hassle of taking out a separate loan. And because you’ll be repaying the money using your existing home loan interest rate, you could be better off when compared to other lending options. 

'Top ups' are not available on all home loans types so please talk to one of our Home Loan Specialists when considering this option.

If you want to make a few changes around your home, but don’t want to top up your existing home loan, a personal loan with us could be a smart way to go. 

We’ve got a range of award-winning personal loans to choose from. And with a competitive fixed interest rate for the life of your loan, you can easily budget your repayments and enjoy the flexibility of making additional payments to help you pay your new renovation off sooner.

Please talk to one of our Home Loan Specialists when considering this option.

We’re here to help

If you’re planning on building or renovating, make an appointment with one of our Home Loan Specialists experts today.

Renovating or Building
Talk to us before renovating or building

Want to know more?

Contact us icon 13 19 87


Weekdays: 8am - 8pm
Sat - Sun: 8am - 4pm
or drop into your local branch

Looking for more guidance?

Here's some information for you:
Applications for finance are subject to Newcastle Permanent's normal credit approval process. Full Terms and Conditions will be included with our loan offer. Fees and charges are payable. Loans for commercial purposes are excluded.