Kitchen Finance Loans

Why take out a kitchen loan?

If you’re looking to fit your dream kitchen, or simply make improvements to your existing one, a kitchen loan can provide the funds to make it possible.

At Progressive Money, we understand that interior design and style are personal to the individual. Whether you’ve recently bought your home and want to make it your own or just fancy a bit of an update with some fresh renovations, we’re here for you. The kitchen is the heart of your home – it’s a space for socialising and preparing your family’s meals, so it’s understandable you’d want it looking its best and sporting every mod con.

By taking out kitchen finance, your renovation dreams could become a reality, as we offer loans of £1,000 to £15,000 that you can pay back over a period of up to 10 years.

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What is the best way to finance a new kitchen?

There are a number of ways you could pay for your new-look kitchen. In an ideal world, you’d use your savings to pay for home improvements, but with other financial commitments cropping up throughout the year, like so many other people, you’ll find this isn’t always possible.

Taking out kitchen finance can give you a lot more leeway when it comes to finding the money you need. Arranging to take out a loan means you could receive the funds upfront and then pay the money back, plus interest, over a period of time that suits you.

If you take out a kitchen loan with Progressive Money, you can be confident you’ll have a clear picture of all the fees and rates before you sign up. You’ll know exactly where you stand over the coming months with budgeting, and we can tailor a repayment plan that meets your individual circumstances and what you can afford.

What can a kitchen loan be used for?

Home improvements can breathe new life into tired and dated spaces, but while it can be costly getting a project off the ground, you’ll be adding value to your home in the long run. On average, a new kitchen will cost you around £8,000(1) , but take comfort in the fact that you’ll add approximately 6% to the value of your home, according to recent research(2).

Taking out a kitchen loan gives you the possibility to make updates to one of the most loved and used rooms in the house. Whether you’re simply adding a couple of new features, remodelling your existing kitchen or looking to install a brand new one, think carefully about how much cash you need. Your loan amount could reflect the level of renovation you’re taking on, so you might not need to spend thousands and thousands. Adding in more cupboard space, for example, won’t be nearly as expensive as knocking down a wall to create a brand new open-plan kitchen-diner.

Am I eligible for a kitchen finance loan with Progressive Money?

We like to reassure all our customers that when it comes to loan applications, we take into account a number of factors, including personal circumstances, before making a decision. We look at the whole picture and don’t just concentrate on your credit score.

You can borrow between £1,000 and £15,000, depending on the level of renovation you’re looking to take on, and pay it back over a period of up to 10 years.

If you’re considering applying for a kitchen loan with us, we ask that you are:

• Aged 18-70
• Employed or self-employed
• A homeowner
• Live in England, Scotland or Wales
• Able to afford monthly repayments comfortably from your regular income

If you meet the above criteria, get in touch. Start your application today, or give one of our friendly advisors a call if you have any questions. They’ll be happy to help and are on hand from your initial application right up until your last payment.

• Home improvements that add the most value to your property