• >
  • Loans>
  • Home improvement loans

Compare home improvement loans

Whether it's a new kitchen, or a loft conversion, an home improvement loan is a great way to fund renovations to your property. Find a home improvement loan with a low interest rate that offers a cheaper way to renovate your home and increase its value at the same time.

£

Checking won't affect your credit score

Powered by

How it works

1

Check your eligibility

Answer a few quick questions. This will not impact your credit score.

2

Compare personalised loans

See the exact amount you’ll need to pay each month. No estimates.

3

Apply online

You could get your money within hours. Complete your application on the lender’s website.

See the interest rate you’re eligible for before you apply

With real interest rates you'll see exactly how much you’ll need to pay each month. And which lenders will pre-approve your application before you apply.

3 results found, sorted by lowest representative apr. How we order our comparisons.
Sort

Compare another type of loan

Most Popular

    More from loans

      Loans guides

      Who we compare

      Powered by Monevo to show you real rates

      Your personalised bad credit loan results are powered by Monevo. They make sure you only see real interest rates. Not just estimates like some lenders show you.

      Last updated: 4 June, 2021

      What is a home improvement loan?

      A home improvement loan lets you borrow money to fund home renovations. This could be to redo your kitchen, upgrade a bathroom or convert a garage into an additional bedroom. Typically, these are unsecured personal loans, but you can secure them against your property, which can allow you to borrow more money.

      How do home improvement loans work?

      Home improvement loans, UK wide, work just like other loans. You borrow the amount you need, and repay it over a set period of time. How much you're allowed to borrow and the interest rate you pay will depend on your credit rating, and your personal finances.

      Is home improvement worth the cost?

      It depends on what home improvements you make. Some common home improvements can include:

        According to some estimates, renovating your home can add anywhere between 10% and up to 30% in value.

        Assuming your home is valued at £250,000, here's how much value you'd be able to add:

        Updated 4 June 2021
        Percentage of value addedNew valuation
        10%£275,000
        15%£287,500
        20%£300,000
        25%£312,500
        30%£325,000

        Read our Renovation Nation Report on what home improvements Brits have looked into during lockdown.

        Key factors to consider when getting an home improvement loan

        If you need a loan for home renovation or improvements, look for the cheapest loan for the term you want to repay it over.

        Before you compare home improvement loans, think about:

          This comparison only shows personal unsecured loans, which you can apply for without needing to secure it against your property.

          If you own your home, you could apply for a secured loan instead.

          Here is more on the differences between secured and unsecured loans

          How much does an home improvement loan cost?

          The cost of an home improvement loan will depend on various factors such as:

            What are the disadvantages of an home improvement loan?

            As with all credit products, there are some things you need to be aware of before taking out an home improvement loan

              Are there any alternatives to home improvement loans?

              If you've been unable to be accepted for an home improvement loan, or you simply want to avoid getting one, there are some options you can consider:

                Home improvement loans FAQs.

                Yes, you can apply for any of the loans in this comparison, whether you own a property of not.

                Yes, you can apply for an unsecured loan in joint names which could increase the amount you could borrow. However, you will both be credit checked.

                This depends on the lender, with some letting you borrow up to £25,000. Use this comparison to find a lender that can offer the amount you need.

                It stands for annual percentage rate, and is the interest rate you pay on the total amount you borrow.

                Shop around for the lowest rate before you apply, and check your credit record is accurate to improve your chances of getting the lender's best rate.

                Yes you can apply for a loan if you have bad credit, but the interest rate is normally higher so your loan will cost more.

                About our loans comparison

                Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority. For more information you can also see how our website works.

                We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more about how our website works.

                You do not pay any extra and the deal you get is not affected.

                Loans comparison