Need a hand?

Furnishing funds are a specific portion of your credit intended for permanent or semi-permanent home improvements. Unlike a standard personal loan, these funds are linked to the value of your property. They are typically used for furnishing of the property, which has lower than 100% completion rate.

Examples of works you need to complete could include built-in kitchen cabinets, flooring, and plumbing fixtures​ — in other words, assets that an appraiser can include when calculating the home's increased market value.

Those funds can also be used for property renovations in the case that the completion rate is 100%, but the works shall increase the property value.

At the initial stage, we perform a financial assessment and check property valuation. Based on the internal lending criteria, we determine a maximum credit limit that covers both the purchase or refinancing and potential additional funds for furnishing or renovation.

The amount is determined based on your financial capabilities and a detailed assessment of the property, assuming what works can be done.

Additional funds options are available on the pre-approved offer screen. If you cannot see this option, try reducing the loan amount or increasing the term to see if it appears. If not, you might not be eligible. The final funds amount is confirmed during the binding offer decision-making step.

The loan is disbursed in stages. First, the purchase or refinancing amount is paid to the seller or the initial bank. The furnishing portion is only disbursed after you have invested your own funds and a second valuation confirms the property value has risen, subject to checks.

We require borrower participation. You must use your own funds to start the furnishing process to increase the home's market value, which then unlocks the remaining portion of the loan.

The property renovation or furnishing, the new property valuation, and the final disbursement must all take place within the timeline specifically agreed upon in your credit contract.

You can invest to boost value, value the property, and take partial disbursals. This process allows for additional investment and re-valuation in stages before the final payout. You are responsible for covering valuation fees.

This can be done in the Revolut app by requesting the funds, getting co-borrowers' (if any) consent for the disbursal, or adding a property valuation or any other supporting document. We'll also send reminders when the deadline for furnishing and renovation funds is coming soon.