Compare Our Best Home Improvement Loans

You may not be able to borrow as much as you could with a secured loan. The rate you are offered may be different to the rate shown in the calculator. 3.4% APR representative for loans of £7,500 to £25,000 over 1 to 5 years.

  • Credit reference agency, Experian, suggests that you will need at least a mid-600s credit score to be approved for most home renovation loans.
  • We add this to the loan amount and then divide this total by the number of monthly repayments.
  • If you’re applying for a joint loan, other criteria will apply.
  • If you’ve downloaded our app and have an HSBC current account, you can apply in just a few clicks.
  • Whether it’s a secured or unsecured home improvement loan.

Not everyone can afford to pay for home improvements upfront. There are a lot of ways to pay for your house renovations and it’s important to find a way that works best for you. Create a whole new space for you and your family to enjoy with a loft conversion. Your home improvement loan can be used for several different renovations or refurbishment works in your household – however large or small. You can borrow between £3,000 and £500,000 with a home improvement loan.

All ratings are determined solely by our editorial team. It’s all down to your personal circumstances and what suits you best. You could consider a personal loan, or consolidating your debt. Or you could save up and pay for it when you have enough money. If you’re registered for online banking, you can start your application right away. You can get an idea of your chances of approval for personal loans when you compare deals with us.

A home improvement loan could help cover the cost of your project

Not all telephone banking services are available 24 hours, 7 days a week. MBNA personal loans are provided exclusively by Lloyds Bank plc. The loan fee is non-refundable if you settle your agreement early.

home improvement loans

Whatever the timeframe, it’s very important you’re in a financial position to comfortably meet the repayments set out by the lender. A home improvement loan is a personal loan that’s used to update, improve and renovate your property. Repayments can be spread over a period of time that works for you. Many people find this type of loan can help cover the cost of larger refurbishment jobs.

International services

You may be able to borrow more money on your existing mortgage to pay for home improvements, this is called Additional Borrowing. If we approve your loan, you should have the money in your account within minutes if you currently bank with us, or within 24 hours if you don’t bank with us . In some cases it may take a bit longer to have the money in your account – but no more than 5 working days. It’s quick and easy to get one step closer to your dream car today.

How much would you like to borrow?

To make a partial settlement you can call us to make a debit card payment. As a result of any repayment we will reduce the term of your agreement unless you tell us otherwise. A credit check will be completed to help us make a decision on your loan application.

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