Apply For A Home Improvement Loan

The loan amount and term you request will also impact the rate offered. Use our eligibility checker to see you’ll be accepted for a personal loan. By choosing a personal loan, you could borrow the amount you need all in one go. This lets you make the improvements to your home when you want and means you could pay back the amount you borrow in monthly payments over the number of months that suit you. You’ll receive an instant decision on your loan in principle.

home improvement loans

The actual APRC rate available will depend on your individual circumstances. During your application, we’ll carefully consider your personal circumstances and guide you through the maximum loan amounts and repayment terms on offer. Work out what you can realistically afford to repay each month and see if there’s a loan that matches your repayment budget. Some lenders let you spread the repayments over as much as 30 years, but remember, this will mean you end up paying back more in the long run.

You borrow an amount of money without securing the loan against any asset. Whether you’re looking for home improvement tips or other loan options, take a look at what we have on offer. We will endeavour to make sure our products and services offer, wherever possible, the flexibility to meet your needs. If you’ve started an application already, it’s easy to pick up where you left off. You’ll receive a further email with details of how to sign your loan agreement online.


The benefit is that these loans usually have a lower APR representative. A home improvement loan works similar to any other personal loan. Different loan amounts are available and are advertised with various representative APR rates.

  • The loan amount is usually smaller than a secured loan too.
  • The APR representative example on these loans is usually lower due to the security of using home equity as collateral.
  • Are 18+ and a UK resident with a NatWest current account (held for 3+ months).

You can repay your loan in full or make overpayments any time before the final payment is due. Take a look at our repaying your loan early page to learn more. You may want to try and improve your credit score before applying for a loan. Boosting your score can improve your chances of getting approved for better deals.

Check your credit score

But don’t assume your outlay will automatically translate into an increase in the value of your home when you sell. And make sure you go for quality, because home improvements done badly can devalue your property. Your circumstances change, particularly if what’s happened is likely to cause you difficulties in managing your account or financial problems. We ask you to think carefully about whether you can afford to repay the money you want to borrow and to be open in your dealings with us. We provide one personal loan which may be used for multiple purposes. Review your income, spending, and financial commitments.

Banking and personal finance

The lender will either reject or approve your application based on your personal financial circumstances and your credit score. You might be able to repay in full earlier, but you could be subject to an early repayment fee. Once you’re sure of the loan amount needed, you can use our loan calculator to get an idea of what your monthly repayments may look like. You can also get a personalised quote by logging onto Internet Banking. In most cases, we’ll tell you how much you could borrow and if you’re likely to be approved, before you apply. Home renovation loans are widely available through high-street banks, building societies, and online lenders.

The APR makes it easy to compare different loan products across the market. You can use our home improvements loans for any type of work, such as loft conversion, extension or even a new kitchen or bathroom. Find out your personalised rate by logging in to Internet Banking. Just be aware, we will charge up to 58 days’ interest for early settlement. Have a good credit score, with no history of bad credit, such as County Court Judgements or bankruptcy. A home improvement loan is a personal loan which you use to make improvements or repairs to your home.

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