Getting finance for buying skylights Adelaide can be challenging – but not impossible!
The first thing that you need to determine, is the type of skylight you are looking to install in your home. This will depend on the type of roof you have, and how much sunlight you want to allow into your home.
The 3 main types of skylights are:
- Roof windows
- Sun tunnels
Each of these vary dramatically in price depending on your roof and how big the sklights or windows need to be.
Getting approved for finance for a skylight requires that you can show you can pay your loan back in the appropriate amount of time.
The bank or lender will look at your credit history, how much money you earn, and then will determine if you’re a good candidate to lend money to.
If you’re deemed more risky, then your interest rate will be much higher.
These loans can be from 5-20% depending on your credit report and previous borrowing history.
How to make sure you get approved for your skylight finance
Step 1: Make sure you don’t have bad credit
Step 2: Don’t apply for lots of loans and then not go through with them.
Step 3: Ensure you have a high paying job
Buying a skylight can really increase the value of your home and open up a lot of light and extra space in your living areas, bedrooms or bathrooms.
We recommend avoiding getting finance to pay for a skylight as it’s just not necessary for a small purchase like this.
However, if you’re really stuck and you need one, then it’s worth getting finance through the skylight installation company as they will be able to get you a good deal.
Visit the Energy Efficiency Centre for more information about skylights, sun tunnels and roof windows.