Credit to redo your roof: advice and best loan offers
Requesting a loan to redo your roof represents an investment over time. The loan work of credit organizations responds well to a need to repair or renovate its roof. We will see how to find the best credit suited to each need.
What price to redo your roof?
The price of a roof renovation depends on the nature of the work and the materials used . The third factor is the choice of professional. The price of a repair on its roof or a change of roof varies enormously according to the choice of the professional. It is interesting to make several quotes in order to estimate its need for financing as accurately as possible. In order to get a first opinion, let’s look at how much an average roof renovation costs per m² *.
* Average indicative prices calculated on the basis of several online simulations. The price may vary depending on the professional and the materials chosen .
Where to find the best credit to redo your roof?
Once the stage of the estimation of the price of works passed, it is time to find the best credit works online. The work loan from credit organizations is the most suitable for a partial or total renovation of its roof . Proposed by all the major players in consumer credit, it can amortize a large expense over several years. The rates for the best work loan vary significantly between specialist organizations. Let’s compare several credit offers to redo your roof online to take the measure of the savings possible.
The savings achievable between the best credit to redo your roof of $ 10,000 over 48 months and the fifth is $ 642.72 . The simulation of a 5000 $ loan over 36 months is even more telling: the total interest cost of the second best loan is 66% higher than that of the first (269.32 $ against 162.04 $). Comparing the best work loan offers saves hundreds of USD .
How to get a loan to redo your roof
Our work loan comparator allows you to find a loan to redo your roof at the best rate . Connected to the best organizations, it guarantees an immediate response in principle to any loan request. Some main principles of the works loan apply:
- The work loan is a credit repayable at fixed monthly payments for any request of more than $ 5,000. They are calculated using the APR rate.
- It is possible to obtain a works credit up to $ 75,000. The minimum amount is generally $ 500.
- The monthly payments for a credit to redo your roof generally range from one to seven years. The duration may however be extended up to 10 years and more in certain cases.
- All organizations will ask for proof of credit (salary slips, identification documents, etc.) before obtaining a final credit agreement.
- Certain organizations may also request proof of completion of the work.
- The deadline for obtaining credit money to redo your roof is always at least eight days from the date of final acceptance.
- Once the works loan has been granted, the borrower has a legal period of 14 calendar days to retract (see details).
The solution for small loans to redo your roof
Getting a small loan to redo your roof usually meets an urgent need for credit . This is especially the case when bad weather damages tiles, causing leaks. These small repairs on a roof in good condition can quickly take on significant proportions (damage to the frame, loss of insulation, mold, etc.) if they are not treated in time.
The revolving credit makes it easier to obtain a loan of less than $ 3000 over three years (36 months) than a conventional work loan . It is certainly more expensive (its rates are around 20% fixed APR) but has more flexibility. Without proof of use of the money, it offers in particular the possibility of buying the materials to carry out the work yourself **. The small jobs credit provides a directly available cash reserve . This means that the amount repaid each month gradually replenishes the amount awarded. The advantage is being able to use your available money without delay. In this case, a new minor damage can be managed much more quickly.
** Doing work on your roof yourself poses significant risks. It is always better to call a specialist or be able to understand all the risks before embarking .
Can a bank grant a work loan?
Yes, banks are perfectly able to extend credit to redo their roof . However, they do not have the same experience as online organizations in handling a work loan request. It should be understood that no bank will lend a large sum to a client it does not know . If nothing indicates black and white, our research in the sector shows that it is generally necessary to justify a certain seniority within a bank before it plans to lend a sum to carry out work.
Another blocking point: the APR rates offered by banks are only rarely up to those of consumer credit specialists (see LCL works credit or Credit Pluentl works loan). Again, only an individual with significant financial guarantees will be able to obtain good credit to redo their roof with their bank advisor.
Credit for redoing your roof: some advice
The most important step before applying for a loan to redo your roof is to estimate your need for financing . A house leak may simply be the result of a broken tile. Some roofs in good condition and do not necessarily require large-scale work. Others, more dilapidated, can present significant risks. It is difficult to assess the general condition of your roof yourself. Using a professional roofer to estimate the extent of the damage is a good way to avoid misdiagnosis . In order to avoid the additional costs, it is even interesting to have several free quotes made.