If you're looking to finance the installation of a bioclimatic pergola in your garden or on your terrace to enjoy outdoor shelter all year round, the most appropriate solution is a home improvement loan. Here's an explanation.

If you want to install a pergola in your house's garden, you won't be able to take out a mortgage, and renegotiating a mortgage to carry out renovation works is not considered by banking institutions, caution experts at papernest.

The most appropriate solution is a home improvement loan if the amount requested does not exceed €75,000.

A home improvement loan follows the same rules as consumer loans, which you can find here. It also revolves around the same three main parameters :

• The principal : This is the amount requested from the bank to finance your bioclimatic pergola.
• Interest: This is the means of remuneration for your creditor and is applied to the outstanding principal.
• Repayment period: This is the number of installments established to repay your loan: the longer it is spread out over time, the lower the installments.

Furthermore, for a home improvement loan to be granted to you, as highlighted by the papernest website, certain very strict rules must be followed: the debt-to-income ratio, including all credits, must not exceed 35% of your monthly income. Also, the loan amount must not exceed €75,000.

Moreover, your personal, professional, and financial profile must inspire confidence in your banker. A permanent contract, stable income, and good financial management (savings, no overdraft) will be assets when applying for a home improvement loan.

Finally, if the amount requested is more than €8,000, the bank may ask for a quote from a professional to justify the amount of the works: in this case, the cost of the bioclimatic pergola and installation.