FAQ Category: Home Renovation Loans
Is the interest on a Home Renovation Loan tax-deductible?
Maximize your savings with potential tax deductions on the interest paid on your Home Renovation Loan. Consult with a tax advisor to explore the tax benefits available to...
Continue ReadingWhat documentation is required to apply for a Home Renovation Loan?
When applying for a Home Renovation Loan, prepare for your renovation journey by gathering proof of income, identification, and details about your planned renovation...
Continue ReadingCan I apply for a Home Renovation Loan online?
Yes, you can conveniently apply for a Home Renovation Loan online through our website or by visiting one of our...
Continue ReadingHow quickly can I get approved for a Home Renovation Loan?
With our streamlined application process, approval for your Home Renovation Loan is fast and efficient, so you can start your renovation project without...
Continue ReadingWhat are the repayment terms for a Home Renovation Loan?
Enjoy flexible repayment terms of up to 84 months (7 years) with our Home Renovation Loan, giving you ample time to repay without straining your...
Continue ReadingHow much can I borrow with a Home Renovation Loan?
At People Driven Credit Union, you can secure up to $30,000 with our Home Renovation Loan, providing you with the financial flexibility to tackle projects big and...
Continue ReadingWhat can I use a Home Renovation Loan for?
With a Home Renovation Loan, the possibilities are endless. You can revamp your kitchen, refresh your bathroom, upgrade your flooring, enhance your outdoor space, or even invest in energy-efficient upgrades to lower your utility bills. You can use a...
Continue ReadingWhat is a Home Renovation Loan?
A Home Renovation Loan is the key to transforming your home into your dream space. Tailored specifically for home improvement projects, this loan allows you to access a lump sum upfront to bring your renovation plans to...
Continue ReadingHow do I check the status of my loan application?
You may give us a call at 248-263-4100 to speak with the loan...
Continue ReadingDo you offer ‘skip a payment’?
Yes! All eligible loans can be skipped once per calendar year for a fee of $35. To learn more about how it works, visit our Skip-a-Payment page. Please note that Fresh Start Auto Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards are...
Continue ReadingHow do I make a loan Payment?
To make a payment via online banking with funds already in your account, login to the MyPDCU Online Portal or use the MyPDCU app, and select 'transfers'. Select where you want to transfer from and which loan you would transfer to. To make a...
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