The kitchen is part of the heart of houses and apartments, it is often a major investment and requires tailor-made financing.
Financing a kitchen without contribution
The kitchen is often the heart of the house, it must be functional and if possible design, which allows to bring a touch of freshness in the habitat. Simply, buying a kitchen is not so simple because depending on the model, the price can vary from simple to double. There are models in kit to compose oneself with different levels of finish (which it is sometimes necessary to decorate with kitchen accessories) but there are also models on measure, to buy from kitchen designers directly. Whether it’s one model or the other, the issue of funding is important. While some will consider including the amount in the home loan used to buy the house, others will use a consumer loan in the months that follow. It is important to take into account all the solutions available to borrowers, here is a reminder:
- Include the kitchen in the home loan: this is a simple but effective option, the idea is simply to add an amount dedicated to the financing of the kitchen, the request must be made at the time of the mortgage loan file and this can be obtained without contribution.
- Finance the kitchen with a consumer loan: in the form of a personal loan or assigned consumer loan, the kitchen can be financed without any contribution via a consumer credit. Obviously, you must have the capacity to borrow again.
- Financing the kitchen with a loan buy-back: for households wishing to finance their kitchen without having any contribution and especially with current loans, it is possible to use a loan buy-back. You can even take advantage of more attractive rates to redeem your mortgage and include the kitchen in the financing.
Get a ready kitchen simulation
Each situation is different and requires tailor-made financing, which can meet the borrower’s needs. But there is one thing to bear in mind, it is the rate of the loan which can vary from one bank to another, but also from one loan to another. The personal loan is ideal when you want to buy a kitchen but you are not fixed on the model, this allows you to have an envelope available and then be able to buy the kitchen to install yourself, or to install if there is budget. The allocated consumer loan is rather suitable for kitchen designers, this allows the kitchen to be linked to financing and if the project falls into the water, the loan does not fall into place, a guarantee to avoid repaying monthly payments in the wind. To get a first financing estimate and especially to compare the rates,