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Home Improvement Loan
An unsecured loan for home owners to help make your home projects happen
Apply nowHome Improvement Loan
For loan terms 1 – 10 years
6.29%p.a. 1
7.34%p.a. *
An unsecured personal loan for home owners to make improvements to your home or investment property.
Features and benefits
Value
An unsecured loan for home owners to fund the cost of home improvements.
Affordable
Borrow from as little as $1,000 with loan terms from 1-10 years.
Flexible
Pay out your loan early without penalty and redraw payments in advance.
$10
Monthly fee
We’ll simply add this to your loan each month.
$249
Application fee
We’ll simply add this to your loan.
$0
Early payout penalty
No penalty for paying off your loan early.
$1000
Minimum loan amount
Fund even your small purchases for your home.
How to apply
You can apply online, over the phone or at one of our financial services stores.
What can I finance?
It can be used for fixed home improvements or renovation purposes on the home you own or for your residential investment property.
It can’t be used for purposes which are non-fixed, for example purchasing soft furnishings and/or appliances, repairing furniture or appliances and interior decorating.
The work must be carried out by a certified tradesperson, and a quote or invoice will need to be supplied as part of the application process.
For example…
- Swimming pools and spas
- House extensions
- Landscaping
- Fencing, flooring
- Granny flats
- Roofing
- Blinds
- Upgrades to kitchens, bathrooms or other rooms
- Upgrades to heating and air conditioning
Fees and charges
Refer to our fees and charges schedule for more information on fees that may be applicable.
You can apply if you:
- Are over 18 years of age
- Have a regular income
- Are not or have not been bankrupt (including Part IX agreements)
- Are an Australian citizen or a permanent resident
- Have not had defaults on any Loans, Credit cards, Interest free finance or Store cards in the last 5 years
- Have been in your current job longer than 6 months
- Have an acceptable Credit Risk Profile (Credit Score)
- Your personal details, such as your current and previous address, phone number and email address
- Details of your income, employment, any assets (e.g. home, car or savings) and debts (mortgages, loans and credit cards) you currently have
- Depending on your application, your account transaction listing where your income is deposited, via our Bank Statements service
Community First Bank is able to offer loans to self employed applicants including home loans, personal loans, credit cards and overdrafts.
The types of documentation we will request from you may vary between applicants due to differences in individual situations and the type of loan you are applying for. The following are some examples of documentation you may be asked to provide.
- Last 2 years full Tax Returns and financials/profit & loss statements for both of your personal and/or company tax returns to support your Self Employed income, and last 2 pay slips for other applicants
- Proof of any rental income for properties via real estate statement or copy of executed lease
- Latest Notice Of Assessments for each applicant
- Everyday transaction account statements where your income is credited to via our Bank Statements service
- Statements of any loans or credit cards you are refinancing to us via our Bank Statements service
- Copy of current rates notice if it is a mortgage application
Credit eligibility criteria, terms & conditions, fees & charges apply. You can view Target Market Determinations here .
1 Rate for new loans is current as at 11/09/25 and subject to change without notice.
*The comparison rate is based on an unsecured loan amount of $30,000 over a loan term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.