See why over 250,000 Aussies trust Driva
to find their best rate
Find your best deal in 3 easy steps
Skip the endless hours of shopping around
Choose your loan
We match your unique profile to the best pre-qualified rates. Choose your preferred lender, with 100% rate and fee transparency.
We do the checks
Your online application gets checked against 1,000+ lender policies before it's shared with a lender to protect your credit score.
The fun part. Review final loan documents and receive funds in your account!
Why we built Driva?
We were tired of the time-consuming and anxiety-filled experience of getting a loan.
Have a question?
What is a renovation loan?
A renovation loan is an unsecured loan that is used for the purpose of remodelling or rebuilding your home. Home renovation loans are a very flexible form of finance, so you can spend the disbursed funds on just about any home improvements from kitchen expansions to bathroom remodelling.
Does my credit score impact my rates?
When lenders are assessing and pricing your loan, one of the key factors they’ll often consider is your credit score. If you’ve got a reasonably high credit score, you’ll be eligible for a lower interest rate - and if you don’t have the best score, you’ll likely end up paying a higher rate.
What repayment options do lenders offer?
Most of our lenders let you choose either a 3, 5 or 7 year term which you can repay in monthly, fortnightly or weekly instalments.
Can I pay for renovations with my existing home loan?
Typically, you can only pay for renovations by refinancing or topping up an existing home loan for a larger amount so that these additional funds can be used for home improvements. Alternatively, if your bank allows you to redraw additional payments you’ve been making on your home loan, you may be able to use these extra funds to cover renovation costs. This can be a tedious process however, and many lenders charge a fee for doing so.
Topping up your home loan typically costs less than taking out another type of loan, as secured loans generally have lower interest rates than credit cards or personal loans. However, keep in mind that this will increase your existing loan repayments.
An unsecured loan could still be a good option for you however, depending on monthly fees and the interest rate charged by the lender.