A great way that you could use to finance your home renovation or a redesign of your home with custom built furniture such as corner wardrobes, is to take out a personal loan that is secured against your personal assets. Most lenders including banks are aware that you are happier to invest in your home, and for this reason alone you will find that interest rates are quite a lot lower when you have your own personal assets secured against a personal loan.
This also makes it that much more important to pay off the loan without mistakes or late repayments. When you run the risk of losing your home, you are more instinctively inclined to perform better and ensure that payments are made like a mortgage than an ordinary loan.
Another benefit of a personal secured loan against your home is that with some lenders, you can borrow a higher amount than you would be with just an ordinary car loan for example. That is a significant difference for any homeowner, because while you may have your own goals and what you want to achieve with your home renovation, it will be impossible without the loan itself.
Another important aspect of taking out a loan against your personal assets and pay it on time is that your credit rating will be higher if you do not miss payments, so the terms of the loan itself will be much better. There will be a shorter repayment date and lower interest, but you would also find that the lenders themselves will allow a grace period of when you need to start paying the loan back. With some lenders, they will offer you the ability to pay a month or two later with advanced warning.
If your personal credit is good enough, a personal loan will be a much better option than a standard business loan itself. Just make sure it is a loan you would want in your name first!