Need a colony garden loan but one has been rejected by the bank? This happens to many Danes, but fortunately there are several alternatives online.
We will present them to you in this article, where you can get help in financing your purchase of a colonial garden. The purchase price can range from USD 20000 to USD 900,000, whichever you choose.
What loan to the colony garden?
Let’s start by stating, we assume you have already inquired at the bank, but have been rejected. Or you just want to lend money to the colonial garden through other companies.
In that case, you are left to the options online. Here you can choose to apply for a classic consumer loan of up to USD 400,000. It can finance most colonial houses and if your personal finances are healthy, you can be offered a reasonable interest rate. In any case, you can apply for free and without obligation.
You can find a new and alternative option online, at Good Credit. Here you can apply for mortgages for what you lack money for. Whether it is an ordinary. housing, a cottage or a colonial garden. You can apply up to USD 2 million, so that should be enough funding.
We recommend that you visit Good Credit if you want to take a closer look at the possibilities. The requirements are few and you can also apply without obligation to them.
What is the price of the colonial garden house?
We have already reached the price level, which fluctuates extremely much. A look at sites like will show that the cheapest ones cost around 20,000 dollars, while the most expensive ones are over 1 million dollars. So it is very difficult to assess.
We recommend that you get the funding right first. You can do this by searching for the possibilities at Good Credit and by applying with loan companies such as Bank Good Finance and Good Credit Bank, where you can borrow more than USD 300,000 in both places.
When you get a return, you can evaluate the interest rate and see if you can get the necessary funding at all. Because if you can’t get a loan, there is no reason to go. Keep in mind that it is mandatory to fill out applications, so don’t be afraid to look for opportunities.
Colonial Garden Associations vs. Allotment-cooperative member associations
If you choose to buy, you should know the difference between the classic colony garden associations, where you only buy the house but lease the land from the municipality or state.
At the colony garden cooperative societies, the cooperatives have ownership of the land and the associated houses. It works according to somewhat the same concept as cooperative housing and their associations. Here there is also joint ownership in the association.
The vast majority of colonial gardens are on leased land, so it will typically be the first one you will buy. But, of course, you need to know it in advance so you know what you’re going into.