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Hammer or cheque-book?

Firstly, you should take the time to consider whether or not your renovation project is something you’d be willing to undertake yourself, or if you’ll be looking to a contracted professional tradesperson.

Be honest with yourself during this early stage – while there may be some cost benefits involved in DIY, if you’re not 100% confident you’ll have the skills required to complete the job, it’s best to realise it now. If you don’t, you may end up attempting a DIY reno, only to have to double down on your costs to call in a pro.

Planning and budgeting

Once you know who’ll be completing work on your reno, you can start to make concrete plans and set up your budget.

You should take the time to decide exactly what work you want to be done and how much you’ll be willing to pay for it.

Use our Savings Goal calculator

Set up this project budget now by gaining a number of quotes or the proper DIY homework. This way, you’ll have a finite finance goal to aim for, regardless of whether you’re funding the reno yourself or with help from your bank.

Savings Goal calculator

Find out more about our Bonus Saver

If you’re looking to pay for the work out of your own pocket, our high-interest Bonus Saver Account is a perfect fit, rewarding you for your good saving habits each month. Open an account online today.

Bonus Saver Account

Get the right finance

If you prefer to get financing for your renovation project, it’s worth your while to consider your options.

Home Loan

If you're an existing Greater Bank customer and have enough equity in your home, the option of refinancing to cover the costs of your renovation may suit your needs.

An expert Greater Bank lender can help you discover your potential equity, and will be able to walk you through this process. We'll do all the hard work for you!

Personal Loan

Depending on the size and budget you have in mind for your reno project, a Greater Bank Personal Loan may be right for you.

With competitive rates, and the potential for loans to be approved in as little as 24 hours, a Personal Loan could see you breaking ground on your new extension or swimming pool before you know it!

Compare our Personal Loans

Preparing for incidentals

Even the best-laid plans are still just plans.

They can change at a moment’s notice – especially if you’ve decided to try your hand at a DIY renovation.

If equipment breaks down, material orders come up short, or you need that one particular tool at a moment’s notice, your budget may not be able to absorb it.

In this instance, it’s good to know that you’ll be able to get what you need and get back to work. This is where a Greater Bank Visa Credit Card comes in handy.

A simple, easy-to-use card, offering a great value rate and low fees. You’ll love it so much, you just might keep it in your tool-belt.

We've made Credit Cards simple

Great rate, low fees – everything you need and nothing you don't.

Our Visa Credit Card

Live it up!

Once your work is completed, it’s natural to want to crack the champagne and get on with the good life, but this can be a rookie error.

Now that you’ve put all that time, money and effort into improving your home, you deserve to enjoy it with peace of mind.

Once your renovation is complete, contact your insurer and let them know exactly what has changed at your place.

Once they’ve updated your level of cover to reflect your improvements, you can kick off your shoes and start enjoying the fruits of your labour.

Home and Contents Insurance

Want to know if we’re capable of getting you a better deal on your Home Insurance?

Get a Home and Contents Insurance quote

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*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992 Australian Financial Services Licence/Australian credit licence 238273 

++ $2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $3,000 cashback for loans ≥$500,000 with LVR of less than or equal to 80%,. Applications must be submitted by 31/05/2024 and funded by 31/08/2024. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions. Terms, conditions, fees, charges and credit criteria apply.

~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.

^Comparison rate is based on $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

#Discounted rates include a discount on Home Loans of $150,000 or over and for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities.

+Additional costs may apply if your loan has a fixed rate.

All new interest-only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rate. The all-up interest rate which includes any margins, will be set out in your credit contract. View our Terms and Conditions.

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