Home improvement loan

Home improvement loan at a glance

• What for: renovating your house or flat, from materials to labour. Not building a new home.
• Amount: from €4,000 to €100,000, according to your quotations or invoices.
• Term: from 36 to 180 months depending on the amount, at a fixed rate: your monthly instalment never changes.
• Rates: as at 24 September 2026, from 4,70 % (fixed APR), depending on the amount, the term and your application. How they change month by month.
• Who for: owners of a property in Luxembourg or Belgium, with regular income from either of those two countries.
• Answer: generally within 1 to 4 working hours.
• Payment: generally to your account, on presentation of a signed quotation or an invoice.
• No mortgage: it is an instalment loan, with no visit to the notary.
• Arrangement fees: Credit 24 never charges any, neither for the application nor for the credit. You only pay the interest.
• Tax: if you file your tax return in Luxembourg, the interest you pay is deductible, within the limits set by law.

How much does a home improvement loan cost?

Here are the monthly instalment and the total repaid for a few common amounts and terms.

Examples of monthly instalments by amount and term

Amount	Term	APR	Monthly instalment	Total repaid
15 000 €60 months	60 months	4,70 %*	280,33 €APR 4,70 %*	16 819,80 €
15 000,01 €84 months	84 months	4,70 %*	209,21 €APR 4,70 %*	17 573,64 €
20 000,01 €120 months	120 months	4,70 %*	208,25 €APR 4,70 %*	24 990,00 €
37 000,01 €180 months	180 months	4,90 %*	288,62 €APR 4,90 %*	51 951,60 €
100 000 €120 months	120 months	4,70 %*	1 041,29 €APR 4,70 %*	124 954,80 €
100 000 €180 months	180 months	4,90 %*	780,06 €APR 4,90 %*	140 410,80 €

The simulation gives you your monthly instalment in seconds, for the amount and term of your choice. The instalments for our other loans are on the loan simulator page.

Key features

Type of credit

instalment loan

Purpose

home improvement and renovation loan

Amounts available

from €4,000 to €100,000

Terms available

from 36 to 180 months

Fixed borrowing rate

from 4.7 % to 6.49 %

APR

from 4.7 % to 6.49 %

What work can be financed?

The home improvement loan finances everything to do with renovating your property, whether buying the materials or paying for the labour. For example:

Heating and insulation can also be financed with the home improvement loan, on their own or with other work. For work that reduces your energy consumption (heat pump, photovoltaic panels, insulation, windows, a roof or façade redone with insulation), however, the energy loan generally offers an even lower rate.

Who can get a home improvement loan?

The home improvement loan is reserved for owners. The property must be located in Luxembourg or Belgium. For work on a property located elsewhere, or if you are a tenant, a personal loan can finance your project.

You must also meet these conditions:

A Belgian resident is treated exactly like a Luxembourg resident: same conditions, same rates. Residents of other countries are not eligible.

Full details are on the page setting out the conditions for taking out credit. We review every credit application personally before deciding whether to grant the loan.

How does a home improvement loan work, step by step?

1. Your application

   Online or by telephone, with no obligation, with the estimated amount of your work.

2. Our answer

   Generally within 1 to 4 working hours: this is the agreement in principle.

3. Your documents

   After the agreement in principle, we check the details of your application against the usual documents (identity, income, address) and your signed quotations or invoices. The sooner we receive your complete documents, the sooner your application moves forward.

4. Signing

   At our office, usually within 1 to 2 days.

5. Payment

   Generally to your account, by transfer, on presentation of a signed quotation or an invoice. Depending on the lender, payment can also be made directly to the contractor or the supplier of the materials.

Your questions about the home improvement loan

What is the maximum amount and term?

You can borrow up to €100,000. The maximum term depends on the amount, under the legal rules: for example 84 months from €15,000.01, 120 months from €20,000.01 and 180 months from €37,000.01.

Do I need quotations?

Yes: the home improvement loan is an allocated credit. The funds are paid on presentation of a quotation signed by you and the contractor (or the supplier of the materials), or of an invoice. For the application itself, an estimate of the amount is enough.

Home improvement loan or mortgage?

The home improvement loan is an instalment loan: no mortgage, no notary, no deed fees. It suits most renovations, up to €100,000. It does not, however, finance a new build or the completion of a new build: those projects are financed with a mortgage.

Can I consolidate my loans at the same time?

If you already have loans running, debt consolidation can bring them together and include an additional sum for your work, in a single monthly instalment.

Advantages and limits of a home improvement loan

Why choose Credit 24 for your home improvement loan in Luxembourg?

In Luxembourg, a home improvement loan can be obtained from your bank, from a credit institution or from a broker such as Credit 24. As an independent broker, we work with several financial partners, including Alpha Credit (BNP Paribas), Record Credits (ING) and Elantis (Belfius): a single application gives you access to different proposals and to terms matched to your profile.

With more than 15 years of experience in credit in Luxembourg, Credit 24 supports its clients with care and consistency, in a personal, fast and transparent way.

How do I apply for a home improvement loan?

For a decision with no obligation, submit your credit application and we will give you a fast answer, generally within 1 to 4 working hours.

You can also run your home improvement loan simulation online.

Run my simulation

I have other questions

See the answers to our clients' frequently asked questions, contact us or call us on (+352) 20 20 34 41.

The loan rate applied depends on several factors, such as the lender (credit institution), the type of instalment loan, the sum borrowed, the term of the loan, the debt ratio, the disposable income and so on.

The information on this page does not constitute a credit offer and is subject to acceptance of the loan application.

Updated on September 28, 2026