Refurbishment loan
Restoring a home without tying up your savings
The refurbishment loan finances bringing an existing home back into condition: redoing floors and paintwork, refitting a bathroom or a kitchen, bringing the electrics up to standard, replacing a boiler, treating damp. In other words, everything that makes a property comfortable or lettable again, without touching its structure. Our financing is assessed from €5,000 to €75,000, at a fixed annual rate of 3.90%.
It is the credit for situations where the work cannot wait: an inherited home to freshen up before selling it, a flat to bring up to standard between two tenants, a house bought below market price precisely because it needs work. In those cases, the gap between the spending and the benefit is measured in months — the credit is there to keep the project moving.
It differs from the home improvement loan, which targets major works and extensions with a far higher ceiling, and from the green credit, which is tied to French public grants for energy renovation. If your project mainly concerns insulation or heating, start with that last page: the public schemes there are often more advantageous than a standard credit.
- Amount of from €5,000 to €75,000
- Annual rate fixed at 3.90%, constant monthly instalment
- No mortgage security, no notary fees
- The statutory 14-day withdrawal period is fully preserved
Key features
Work covered
Finishing trades and restoration: painting, floors, plumbing, electrics, joinery, bathroom, kitchen, damp treatment. Extensions and structural work fall rather under the home improvement loan.
Allocated or unallocated
With a signed quote, the credit is allocated: if the work is not carried out, it is cancelled automatically (Art. L.312-48 of the French Code de la consommation). Without a quote, it works like a personal loan — more flexible, but without that protection.
Release of funds
In a single payment into your account after the withdrawal period, or staged according to progress if the quotes provide for it. It is up to you, depending on whether you are paying a single tradesperson or several trades.
Documents required
Proof of identity, proof of address, bank details, your last three payslips, your latest tax assessment and, for an allocated credit, the signed quotes.
How it works
Cost your project
Obtain one or two quotes before applying for financing. An amount backed by quotes is received better than an estimate, and it saves you from borrowing more than necessary.
Simulate your monthly instalment
Our calculator gives you the instalment and the total cost in a few seconds, before any commitment.
Submit your application
You complete the form and attach your documents. We assess your file and come back to you with a decision in principle.
Signature and payment
After signature, the statutory 14-day withdrawal period runs before the funds are paid out. This period cannot be shortened: allow for it in your schedule of works.
Why go through us
- An annual rate fixed at 3.90%, known before you commit
- Both lender and broker: we finance some applications directly and put several institutions in competition for the others
- A free assessment without obligation, with no arrangement fees payable to us
- A frank opinion if the work deserves to be split into two stages rather than financed in one go
Frequently asked questions
The scope and the ceiling. The refurbishment loan targets bringing an existing home back into condition, from €5,000 to €75,000. The home improvement loan also covers structural work and extensions, with a markedly higher ceiling.
Not necessarily. Without a quote, the credit is unallocated and you have free use of the funds. With a quote, it becomes allocated and you benefit from automatic cancellation if the work is not carried out. The second case offers better protection.
Yes. An unallocated credit finances the purchase of materials without you having to go through a tradesperson. Simply allow a margin: in DIY renovation, the materials budget is almost always underestimated.
That is common in an older property. It is better to talk to us before signing a second credit: depending on your situation, adjusting the initial amount or a consolidation often costs less than two credits stacking up.
The credit itself is not a grant. However, if your work concerns insulation, heating or ventilation, look first at MaPrimeRénov’ and the éco-PTZ, the French interest-free renovation loan — see our page on green credit. We do not distribute these schemes, but we take them into account in the financing plan.
Yes, at any time, in full or in part. An indemnity may apply above €10,000 repaid over twelve months: it is capped at 1 % of the capital repaid, or 0.5 % if less than a year of the contract remains.
A home to bring back into condition?
Cost your monthly instalment in a few seconds, then submit your application. The assessment is free and commits you to nothing.
Credit is a commitment and must be repaid. Check that you can afford the repayments before you commit.
