Home Renovations

Are you making plans this year to renovate your kitchen, bathroom, maybe your deck? Let us help finance it! Contact us for pre-approval. Certain condtions apply.

Are you making plans this year to renovate your kitchen, bathroom, maybe your deck? We can help finance it for you - click here for pre-approval before you start. Up to 5 years financing. Rate as low as prime + 1%*

*subject to conditions

Are you concerned about rising electrical cost, check out our ECO loan to assist in saving your energy!


PSCU can approve your loan and you can apply for the rebate from the Government of NL, Construction Rebate Program!

Renovation Projects
A 25% rebate is available for renovation projects for principal residences, up to a maximum rebate of $10,000 (based on a $40,000 project).

New Home Construction
A rebate of $10,000 is available for new home construction on homes valued up to $350,000 before HST.

The rebate will apply to work on a primary residence contracted within a 60-day period from the start of COVID-19 Alert Level 3, and the project must be substantially complete by March 31, 2021.

To qualify, homeowners must use an eligible contractor, which includes those who have general liability insurance and are registered (i.e., HST registered, valid Business Number or Workers Compensation registered).

Members can apply for rebate to The Department of Finance which will begin accepting applications for the Residential Construction Rebate Program beginning on June 8, 2020. Applications will be available on the Department of Finance website and through the Canadian Home Builders Association Newfoundland and Labrador in the coming days.

 

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