With borrowing money for a bathroom you are 100% sure that it will be exactly the way you want it, without having to pay attention to whether it remains affordable. Of course there are limits, but with a smart loan you more or less determine this limit yourself. After all, you do not buy a new bathroom every day and it is therefore quite important that it is completely to your liking.
There are two options open for a loan to realize your bathroom dream, a revolving credit with a lot of flexibility or a personal loan where you know exactly in advance how much you want to spend. I will further explain the advantages and disadvantages of these two credits, so that you can make a balanced decision yourself. It is also true that you are not tied to anything when you request a quote for one of the credits (or both). Then you can put different tenders side by side at your leisure and see which one is best for your situation.
Borrow money for a bathroom
Anyone with a nice house wants a nice kitchen as well as a nice bathroom that is arranged in such a way that the available space is optimally used with high-quality products. The advantage of high-quality materials is that it is easy to keep clean and, of course, just as importantly looks beautiful and well-cared for. But yes, high quality products are not the cheapest.
Make a plan for yourself on paper and make a rough sketch of how you like your new bathroom. Based on that, you can already somewhat estimate what the costs will be and then determine the amount of your loan.
If you are not entirely sure of the cost and you want some scope to cover any unforeseen costs, then it is best to opt for a revolving credit with a higher space than you have planned to spend on your new bathroom. The advantage of this is that if you stick to your own budget and the costs do not increase further, you do not pay interest on the amounts that you do not withdraw.
Suppose you need 5,000 euros for your bathroom, you know this, because you have already made a rough calculation of the costs to be incurred. With a revolving credit of 10,000 euros you therefore only withdraw 5,000 euros and you pay interest on it, the amount you do not withdraw does not cost you any further money. If it is a bit disappointing and you need 1,000 euros extra, then you simply transfer this from your revolving credit to your own account, so now you pay interest on 6,000 euros.
If you opt for the personal loan (PL) you must know for sure what you want to spend. You will get the full amount deposited in your account and if you then fall short, you will have to take out a new loan, which of course will take extra time, apart from whether you are eligible for a second loan.
Are you absolutely certain of your business and do you want to give yourself a budget without exceeding the budget, then choose this option. Then you will have to make your choice within this budget and then changing your plans will be a bit more difficult. The advantage is that you know exactly what you will spend and not a cent more.
No choice made yet?
Below are some examples of companies that sell bathrooms. There are well-known and less well-known companies that specialize in this area. Compare well and also pay attention to the quality and service that is provided. Also pay attention to the down payment, paying the entire amount in one go is unusual. You also lose control of the work with a total payment, since the executive company already has the money in its pocket.