Home improvement loans

Turn your house into a dream home today

Rates from 4.99% APR*

Loan amounts from $1,000 to $100,000

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Compare rates from multiple lenders

Compare competitive rates in two minutes with no commitment.

Complete your application

After you’ve chosen a lender, complete your application online.

Close your loan

Sign your documents and relax as the funds get deposited into your account.

Compare rates from top lenders

LenderRates from (APR)Loan termLoan amount
6.49% - 29.99%1 - 5 yearsUp to $35,000Show detailsCheck Rate

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Axos Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: 0% to 2%Check processing fee: None
Late fee: $15Time to fund: As soon as the next business day after successful verification
Credible Lender Review
Axos Personal Loans Review
6.95% - 35.99%3, 5 yearsUp to $40,000Show detailsCheck Rate

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Prosper Details
Prepayment penalty: NoneUnsuccessful payment fee: $15
Origination fee: 2.4% to 5%Check processing fee: $15
Late fee: 5% of late payment or $15 (whichever is greater)Time to fund: On average, within 5 days of accepting your offer
Credible Lender Review
Prosper Personal Loans Review
5.99% - 17.53%2 - 7 yearsUp to $100,000Show detailsCheck Rate

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SoFi Details
Prepayment penalty: NoneUnsuccessful payment fee: None
Origination fee: NoneCheck processing fee: None
Late fee: NoneTime to fund: Typically within a few days, given approval and bank account verification
Credible Lender Review
SoFi Personal Loans Review
7.99% - 35.97%3, 5 yearsUp to $50,000Show detailsCheck Rate

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Upgrade Details
Prepayment penalty: NoneUnsuccessful payment fee: $10
Origination fee: 1% to 6%Check processing fee: None
Late fee: $10Time to fund: Within a day of clearing necessary verifications
Credible Lender Review
Upgrade Personal Loans Review

All APRs reflect autopay and loyalty discounts where available. Read more about rates and terms*

Here’s what customers are saying about Credible

Susan took out a home renovation loan

Credible connected me with the perfect lender. The process was quick and seamless.

See review on Trustpilot

Ann chose Credible for her home improvement project

Working with Credible was quite a pleasant experience. The company makes the entire process very easy. I was especially impressed with the customer service.

See review on Trustpilot

Hector was approved nearly instantly

I had a very positive experience. I applied for a home improvement personal loan with around 740 credit. I was approved nearly instantly with no further documentation or phone calls... Almost too easy.

See review on Trustpilot
Customers rate us 9.5/10

Why use a personal loan to renovate your home?

No collateral

Home improvement loans are unsecured so you can keep the equity in your home.

Boost home value

Make home expansions and renovations to increase the value of your home.

Get started faster

Check your rate in two minutes and receive funds as soon as the same business day.

Still have questions?

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Home improvement loans can be used to repair, remodel, or improve your house or the property it sits on. A home improvement loan lets you finance the work so you can spread payments out over time. There are two basic types of home improvement loans:

  • Unsecured personal loans: Don’t require collateral

  • Secured loans: Require you to put your home up as collateral

Examples of secured home loans include home equity loans (also known as a second mortgage), home equity lines of credit (HELOCs), and cash-out mortgage refinancing.

Personal loans through Credible:

  • No collateral needed

  • Borrow up to $100,000

  • You may be able to receive funds in as little as the next day

  • Typically have low fees (e.g. origination fees between 0% to 8%)

Common loan alternatives (HELOC, home equity loan, cash-out refinance):

  1. You'll have to put your home up as collateral

  2. You can only borrow as much equity as you have in your home

  3. Takes approximately two to six weeks to close your loan

  4. Typically have many fees (e.g. annual fee, origination fee, and other closing costs)

Home improvement personal loans are unsecured loans that don’t require collateral. They offer flexible loan terms (typically two to seven years) and fixed rates (as opposed to variable rates) so your project can stay on track — and so can your budget.

Secured home improvement loans (like HELOCs, home equity loans, and cash-out refinancing) require you to use your home's equity as collateral. Because you’re putting your home’s equity on the line, these can sometimes have lower interest rates.

While you don't need excellent credit to qualify for either type of loan, unsecured personal loans can be funded in days, whereas, the other alternatives typically require appraisals and therefore can typically take two to six weeks to close your loan and funds to be disbursed. Learn more about all the different types of home improvement loans.

Read More: Personal Loans vs. Home Equity Loans

Home renovation and improvement projects can increase the value of your home by:

  1. Increasing the square footage: A room addition (or the addition of another floor) that increases the size of your home can increase its value.

  2. Cutting your energy bill: Installing double-pane windows and insulation or adding rooftop solar panels can help cut your energy bill which can add to your home's value.

  3. Keeping it modern: A well-maintained home can command a higher asking price, so home repairs and modern remodeling can also be a good investment.

  4. Boosting curb appeal: Updating your landscaping or home exterior can make your home more attractive to prospective buyers.

Estimate Monthly Payments: Personal Loan Calculator

To qualify for a home improvement loan you’ll need to meet the lender’s minimum credit score and income requirements. Requesting rates from multiple lenders allows you to compare interest rates, fees, and other loan features — and find the best loan for your situation.

When you compare lenders through Credible, we do the heavy lifting for you by showing you prequalified rates from lenders in as little as two minutes without affecting your credit score. Once you’ve selected a lender, you can apply and sign documents online and get the funds deposited right into your account.

Home improvement loans offered by banks, credit unions, and online lenders may be approved the same day you submit your application. In some cases, funds will be available in your bank account as soon as the next business day and typically within seven business days.

If you’re applying for a loan that's backed by your home's equity, the process can take longer — sometimes weeks. You’ll usually need a home appraisal that’s used to determine how much you can borrow.

It only takes two minutes to compare prequalified rates from lenders offering personal loans or cash-out mortgage refinancing on the Credible marketplace.

Read More: Lenders Offering the Best Personal Loans

None of Credible’s partner lenders charge a prepayment penalty (a fee for paying your loan off early).

However, if you're getting a personal loan from a lender not on the Credible platform, read the fine print first, so you know whether or not you'll be charged a prepayment fee.