Community First Home Improvement Loan

Update your kitchen or get that pool room you’ve always wanted with a Home Improvement Loan from Community First Credit Union.

Looking to upgrade your home? Community First Credit Union has a personal loan designed specifically to help you finance it. You can use this loan for extensions, upgrades to heating, ventilation, air conditioning, kitchens, bathrooms and other rooms as well as flooring and blinds. It essentially covers the large-scale renovations that you’ve dreamed about doing if you had the funds.

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From 5.99% (variable)

Interest Rate (p.a.)

6.26%

Comparison Rate (p.a.)

$1,000

Min Loan Amount

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Details

Product NameCommunity First Credit Union Home Improvement Loan
Interest Rate (p.a.)
From 5.99% (variable)
Comparison Rate (p.a.)6.26%
Interest Rate TypeVariable
Min Loan Amount$1,000
Max. Loan Amount$50,000
Loan SecurityUnsecured

Main points to consider about the Home Improvement Loan

This is an unsecured personal loan, which means that you don’t need to use any of your home equity as security for the loan. The minimum you can borrow is $1,000 and the maximum is $50,000. You can choose a loan term between 1 to 10 years. This personal loan rate is variable and you can make extra repayments without penalty and redraw funds as you need them.

Features of the Home Improvement Loan

Some of the features that come with this loan include:

  • Low fees. You won’t pay monthly account-keeping fees with this loan.
  • Pay out your loan early without penalty. This is ideal if you’ve got some extra cash lying around and want to pay off your debt as quickly as possible.
  • Large borrowing amount. You are able to borrow a minimum of $1,000 and a maximum of $50,000 to turn your extension dreams into a reality.
  • Redraw facility available. Make extra payments without penalty and redraw the extra money as you need it. This puts you in control of your funds.
  • Unsecured loan. This loan is unsecured, which means that the rates are higher as there’s more of a risk to the lender.
  • Rates. This loan comes with a competitive variable rate. Rates start from 5.99% p.a. for loan terms up to 5 years and 7.99% p.a. for loan terms up to 10 years.
  • Flexible loan terms. The loan terms available start from 1 year and go as high as 10 years.
  • Straightforward terms on what you can and cannot use the loan for. You can use this loan for many purposes, such as swimming pools, house extensions, upgrades to kitchens and bathrooms, heating, ventilation and air conditioning, as well as fixing up the backyard through landscaping and fencing. You could also use it for flooring, roofing and blinds. Although it might seem like this covers everything, you are not able to use it for purchasing appliances, repairing your furniture or appliances, or for interior decorating.
  • Invoices must be supplied. Before you get too caught up in your dream backyard, don’t think that you can just get your mate to do it if he isn’t licensed. The only way that you get access to the funds you’ve been approved for is if there are quotes or invoices for purchases or work completed.

How to apply for the Home Improvement Loan

In order to apply for the loan, click on ‘Go to Site’ and ensure you meet the following requirements:

  • Be over the age of 18
  • Have a regular income
  • Be an Australian citizen or permanent resident
  • Have been in your current job for longer than six months
  • Have not declared bankruptcy in the last financial year
  • Have not had defaults on loans, credit cards, interest-free finance or store cards in the last five years

You also need to provide the following:

  • Personal details. This includes your current and previous address, phone number and email address.
  • Details of your income. This includes details of your employment, any assets that you might own (such as your house or savings) as well as any debts you’ve incurred (such as mortgages, loans and credit cards).

This loan is ideal for those who want to turn their house into a home. However, compare other personal loans and ensure this one meets your needs before making a final decision.

Compare other personal loans

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Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Borrow up to $50,000 with interest rate from 5.75% p.a. to 25.99% p.a. and earn 1 Qantas Point for every $1 borrowed.
Plenti Personal Loan

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$2,001
3 to 7 years
$0 to $999
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You'll receive a fixed rate between 5.43% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.

Citi Personal Loan Plus
8.90% (variable)
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$5,000
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$199
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You'll receive a guaranteed rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved. Note: This rate may vary during the loan term.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021. The interest rate doesn’t change based on your risk profile, so you know your rate before you apply.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
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$575 ($275 for loans of below $5,000)
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You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
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from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

⭐ Finder Exclusive: Get a $200 cashback if your loan is approved by June 30 2021. T&Cs apply.
Alex Personal Loan

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5.45%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
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You'll receive a fixed interest rate from 5.45% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 30 June 2021.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.
OurMoneyMarket Personal Loan

From 6.29% (fixed)
6.54%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 6.29% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐Special Offer: If your loan is approved before June 30th, you will get a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months regardless of your credit score.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 7 years
$195
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
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⭐Special Offer: Wisr's standard establishment fee $595 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
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A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 7 years
$200
$5
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Fixed rate loans are available up to $100,000 on terms from 1 to 7 years.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
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Plenti Variable Rate Personal Loan

From 5.43% (variable)
5.43%
$2,001
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$0 to $999
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A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.

⭐ Finder Exclusive: Eligible applicants with excellent credit will receive rates starting from 5.43% p.a. (comparison rate 5.43% p.a.). Offer ends 30 June 2021. T&Cs apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
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NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
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Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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