What is a home improvement loan?
A home improvement personal loan is an unsecured (no collateral) fixed-rate personal loan that is used for home renovations and repairs and repaid over a set length of time. Home improvement personal loans are a smart alternative to revolving high-interest credit cards and faster than tapping into home equity.
Instead of waiting for your house, condo, or apartment to accumulate enough equity for a cash-out refi or home equity line of credit, you could get a personal loan for home upgrades in as little as a few days—no collateral, appraisal, or costly refinancing required.
Expand your living space
Renovate that bathroom, add a granny unit, install a deck or a pool.
Cover urgent repairs
Tackle the unexpected leaky roof, broken water heater, or damaged siding.
Improve energy efficiency
Lower your energy bill by installing solar, water-wise irrigation, and efficient windows and doors.