Loans and Interests
What is a home improvement loan?
A home improvement loan allows you to make improvements to your home, and could also increase the value of your property. A home improvement loan can help you cover the upfront cost and lets you pay off the loan with monthly payments.
Thinking of taking out a home improvement loan with us?
- Our home improvement loan could bring your home renovation plans to life. From an extra bathroom, to a new kitchen, to a loft conversion, you could borrow the money you need to make the change you want.
- If you are looking to make your home more eco-friendly and to reduce your energy bills our home improvement loans can help. Our Greener Homes Hub offers you tips and information to make your home more eco-friendly.
The interest we charge varies between loan amounts. The amount you want to borrow may be close to one of the points where the APR (annual percentage rate) goes up or down. You might be able to reduce your monthly repayments, and total amount payable by slightly adjusting the amount you borrow.
The calculator is for illustrative purposes only. Your personal circumstances and the loan amount might affect the rate we offer. The maximum APR we could offer is 26.9%. You should make sure you’re able to make the repayments over the full term of the loan. We reserve the right to refuse any application.
Loan eligibility
- You must be aged 21 or over.
- You must have a regular yearly income of $10,500+ for loans up to $19,999, or $20,000+ for loans between $20,000 and $25,000.
- You must be employed, self-employed or retired.
- You must be on the electoral roll and live permanently in the UK.
- You must have a good credit record and not been declared bankrupt, had a CCJ or an IVA within the last 6 years.
All credit is subject to status. Our checker gives you an idea of whether we’ll accept you for a loan and it won’t leave a record on your credit file.
If you apply for a loan, a record of it will stay on your credit file for 12 months.