With more hours of daylight and vacations on the horizon, summer is the ideal season to move forward with home renovations. It is also when more Portuguese people choose to renew rooms, improve thermal comfort, or invest in energy efficiency solutions.

However, there is not always immediate liquidity to support the costs and this is where personal credit for home renovations can be a good option.

How does personal credit work for renovations?

In what situations is it recommended?

Renovation of kitchen or bathroom.

Interior and exterior painting;

Window replacement or thermal insulation;

Acquisition of furniture or appliances.

Energy improvements (solar panels, heat pumps, etc.).

What are the requirements to apply for credit?

Being a resident in Portugal.

Be at least 18 years old;

Have regular income;

To have a balanced effort rate;

Present the mandatory documentation: Identification, proof of income, tax return, IBAN, etc.

Amounts, deadlines and types of interest rate.

Amounts: Between €1,000 and €75,000, depending on the institution;

Terms: From 12 to 120 months.

Taxes: They can be fixed or variable (most are fixed, facilitating predictability).

How much can I save with the right credit?

Advantages of comparing proposals with an intermediary.

Access to various offers without having to contact multiple banks.

Free and impartial support in choosing the best solution.

Negotiating more advantageous conditions (lower rates, appropriate terms, etc.).

Remember that the Poupança no Minuto offers ideal free services to get the right credit!

What should you pay attention to before accepting a proposal?

APR and TCC (total cost of credit);

Opening and processing commissions;

Obligation to hire additional insurance;

Flexibility to repay early.

Tips for remodeling without breaking the budget.

How to plan the budget for construction works

Define priorities: What is essential vs. Aesthetic.

Request multiple quotes from different professionals.

Reserve a margin of 10 to 15% for unforeseen events.

Most common mistakes when renovating a house

Not having a closed budget;

Choose materials without comparing prices.

Ignore legal authorizations (in condominiums, for example).

How credit can help keep everything under control.

Allows distributing the cost of the works over time;

Avoid touching your savings or emergency fund;

Helps meet deadlines with contractors.

Are you remodeling? Don't move forward without comparing! At Poupança no Minuto, we help you find the most advantageous personal credit for renovations in the market.

We analyze proposals from various institutions, handle the bureaucracy, and follow the entire process, at no cost to you.

Simulate now and start the summer with the house renovated and finances under control.

Frequently Asked Questions

Can I apply for a personal loan to remodel the house? Yes, it is one of the most common purposes for this type of credit.

What is the best loan for home renovations? It depends on the amount needed, your profile, and the conditions offered by financial institutions. An intermediary can help find the best solution.

How much can I ask for in a personal loan for renovations? Between €1,000 and €75,000, depending on your financial capacity and the credit institution.

Is it necessary to present quotes to request credit? Not necessarily, but it can help justify the amount requested.

How long does it take to approve a personal credit for works? Normally between 24 to 72 hours for pre-approval. The capital is transferred after signing the contract.

Can I use the credit to buy furniture or appliances? Yes, as long as it fits the remodeling purpose.

Can I pay off the credit in advance if I have extra money? Yes, it is possible to make partial or total repayments. Some institutions charge commissions, others do not.

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