Renovation Loan

Savings are sometimes not enough


In need of money to renovate your kids' room? The interior of your home needs an urgent upgrade?

Renovating your home can increase its value many times over.

If you are thinking of selling your house and want to get the highest possible return on its sale, then consider taking a renovation loan.

  • How much can I borrow?

    There are many different factors that determine the loan amount. Banks take into account: your income, your family situation, whether you have a mortgage, how much debt you have, whether you borrow alone or with someone, whether you have debt collection proceedings and what your creditworthiness is. You can find an overview of your credit and consumer debt in the Debt Register (Gjeldsregisteret). Use the credit calculator to calculate how much you can borrow. You can also ask us for help - just apply for a loan. Getting a loan offer from us is completely free and non-binding.

  • How fast will I receive the money?

    If all requirements have been met and you have accepted the offer, the money can be paid out within 1-3 working days. Make sure that you fill out the application correctly - then the whole process will go more smoothly and quickly. Once the application has been received, banks check the information about your debt collection processes and carry out your credit assessment. Therefore, it can sometimes take between 1 - 7 days from sending the application until the money is paid out.

  • Why choose Motty when applying for a loan?

    Motty works with leading Norwegian banks, offering consumer loans, refinancing loans, mortgages, special loans and credit cards. Here are 10 reasons why you should choose Motty when applying for a loan:
    1. We compare banks' interest rates, fees and commissions for you. You don't have to undertake the work of contacting all the banks and wondering if you've found the cheapest loan.
    2. You only need to apply once. We'll take care of the rest of the paperwork with the banks.
    3. Once you've sent in your application, we'll present you with loan offers from nearly 20 banks - you're free to choose, you can accept or reject them.
    4. Get everything done online - quickly and securely. All you need to do is sign the agreement via BankID and the money will be paid directly into your account.
    5. You get the best loan offers available on the market at the time of application.
    6. You get all the help you need in the application process. Need help completing the application itself or something is not clear? We know all about consumer loans and refinancing. We help you all the way from start to finish.
    7. We know the financial market like the back of our hand. We know who to trust, so you don't have to explore the ins and outs of the financial market.
    8. Motty's assistance is free of charge and non-binding.
    9. We comply with legal regulations. We are subject to the Norwegian Financial Supervisory Authority.
    10. Our staff are experts with many years of experience in the credit industry. We have been helping people obtain loans since 1985 and are an independent credit intermediary that works with the largest Norwegian banks. We guarantee a professional service and an individual approach to the customer.

How much can I borrow?

The renovation loan amount depends on several different factors. These include:   


  • Your financial situation
  • The repayment period
  • Taking a loan alone or with a co-borrower 
  • The type of loan - with or without collateral


What type of loan to choose?

Not sure about your decision? Consider these factors:


  • A consumer loan (without collateral) often has a shorter repayment period, which can result in lower interest and costs, and thus a cheaper loan.


  • If you own your own home, you have the option of taking out a loan secured by a mortgage. A mortgage loan has a lower interest rate.


Still uncertain and need help? Experts at Motty will help you find the best solution for your individual situation.


Who can apply for a renovation loan?

You can apply for a renovation loan if you meet the following criteria:


  • No inkasso
  • Be at least 23 years old
  • Steady income of at least 230 000 NOK


A credit evaluation will be conducted after you submit your loan application.


Compare bank offers!

Before you apply for a renovation loan, you should check if you are getting the best possible loan terms. To guarantee you the best offer on the market we send your credit application to 20 banks, which in turn send you their loan offers. You choose the offer that suits you best. This way you are guaranteed to get the best loan offer with the lowest possible interest rate.


Repaying a previous loan?

Consider refinancing. A refinance loan has many advantages. When you refinance, all your financial obligations are merged into one loan with a lower interest rate and a single payment term. This provides better control over your finances and a lower cost of credit.


Loan application process:

  1. Fill out and SEND your loan application.
  2. We will check and send the application to 20 banks.
  3. You will receive a reply with offers within 1-3 days.
  4. You compare offers and choose the one that suits you best.
  5. You sign a contract using BankID, and the money is immediately transferred to your bank account.


Loan offers do not meet your expectations? You don't have to accept them. You can end the loan process at any stage before signing the loan agreement. Free of charge and without obligation.


Motty will help You!

We help you organize your finances. We understand the market, and with years of experience, we can give you useful tips and advice to improve your financial situation.


We are happy to help you - contact us via phone: +47 465 42 951 or email at: info@motty.no

Apply for offers from up to 20 banks!

Free and non-binding help

Consumer Loan
Mortgage
Credit Card
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