Home Improvement Loan — Up to €120,000 | SOFIES
Renovate, extend, and add lasting value. SOFIES home improvement financing up to €120,000 over 20 years with progressive fund release.
Renovate. Extend. Add Value.
The SOFIES home improvement loan finances all your renovation projects — energy upgrades, extensions, and compliance works. Up to €120,000, with funds released progressively as construction advances.
Fixed preferential rates, terms up to 20 years. Every euro invested increases the market value of your property.
Loan terms and features
Loan Amount
From €2,000 to €120,000
Amount tailored to the scope of your project
Repayment Term
From 1 to 20 years
Personalised term based on your repayment capacity
APR
From 2.9% APR*
Preferential rates for property improvement projects
Security
Mortgage or guarantee
Flexible security options based on loan amount
Why choose this loan?
- Preferential Rates Highly competitive conditions designed specifically for renovation projects.
- Earmarked Funds Dedicated financing with strict monitoring to ensure funds are used for approved works.
- Progressive Disbursement Capital released in stages aligned with actual construction milestones.
- Expert Guidance Personalised support from our dedicated renovation financing specialists.
- Guaranteed Added Value Every renovation enhances the market value and long-term yield of your property.
Eligibility criteria
Borrower Requirements
- Must be the registered owner of the property
- Regular and verifiable income
- Debt-to-income ratio below 35%
- No payment defaults in the past 36 months
Project Requirements
- Works on primary residence, holiday home, or rental property
- Detailed technical quotations compliant with building standards
- Full regulatory and environmental compliance required
- Works must be carried out by qualified and insured contractors
Required documentation
Personal Documents
- Valid photo identification
- Proof of address dated within the last 3 months
- Last 3 payslips
- Most recent tax assessment notice
Property Documentation
- Notarised title deed
- Current property tax statement
- Bank statements for the last 3 months
- Amortisation schedule for any existing loans
Project Documents
- Signed detailed quotations from contractors
- Planning permission or prior notification
- Technical plans and project specifications
- Contractor insurance certificates
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Legal Information
- *APR: Representative example: for €60,000 over 15 years at 3.1% APR, 180 monthly repayments of €416, total amount payable €74,880 (cost of credit: €14,880). Regulated by the Central Bank of Ireland.
- Progressive disbursement: Funds released in phases as works progress, upon presentation of certified invoices.
- Completion deadline: All declared works must be completed within 2 years of the first fund release.
- Security: Mortgage or personal guarantee based on the loan amount and borrower profile.
- Cooling-off period: 14 calendar days to exercise your right of withdrawal without penalty.
Your Property. Transformed.
Finance your renovation with SOFIES — bespoke solutions for every project
