Need a home improvement loan? We offer a credit on demand service, a unique combination of both direct lender and broker which provides higher rates of acceptance. Our easy to use application form takes just a few minutes to fill out, and once approved, you will receive the money into your bank account the same day. Apply now even with bad credit, and receive from £1,000 to £25,000*, today!
|Do you have questions about getting home improvement loans? Find your answers here!|
|How can home improvement loans help?|
|What are the average home improvement loan rates?|
|Do government home improvement loans exist?|
|Can I get home improvement loans with no equity?|
How Can Getting a Home Improvement Loan Help?
Home improvement loans in the UK can make refurbishing your home a reality and can be a great investment. For most people, their home is probably the largest investment they will ever make. By improving it and maintaining it, the property will grow in value.
However, home improvement loans with bad credit are only a good investment if you can afford the loan repayments. Lenders will ask for the reason behind an application because they are concerned whether the funds will be repaid on time despite the added interest. Getting a loan to pay for home refurbishments is one of the most common reasons cited for borrowing money.
What is the Average Home Improvement Loan Rates?
You can get home improvement loan rates from as low as 2.7% up to 100%. As with all credit check loans, it is important to remember that you are not getting the money for free. It’s always better to wait until you have the full amount of money saved up to make the improvements to your home instead of taking a loan and then paying for the work plus interest. However, if you really can’t wait a few more years before carrying out the improvements, it might be the best option for you to borrow. At Personal Loans Now we offer some of the best home improvement loan rates in the UK.
Do Government Home Improvement Loans Exist?
Yes! Many people with a bad credit score, or those living on a low income find it difficult getting accepted for a home improvement loan. If you have rejected the idea of a secured loan on your home as an option, there are certain government and council grants which you can apply for. These can be used to improve your living conditions. Local authorities will give grants and very low-cost loans. They can be used for work such as insulation of windows, doors and walls or essential repairs.
Government grants may take many months to come through. For a much faster and smoother process, you can apply to Personal loans Now for home improvement loans with bad credit. You will receive an instant decision. And once approved the money will be funded into your bank the same day.
How Does a Home Improvement Loan Calculator Work?
Once you’ve worked out the sum that you want to borrow, you simply enter into the calculator the loan amount, the term of the loan, the APR and the first payment due date. Then, click on submit, and the calculator will do the rest. You can use these calculators online to make comparisons between lenders. You can also calculate how much you can save if you make the monthly payments larger or over a shorter period of time. This is an excellent way to make sure that you can really afford a home improvement loan or remortgage to pay for the renovations that you want.
Can I Get Home Improvement Loans with no Equity?
Getting a home improvement loan with no equity can be difficult, but not impossible. Even if you are approved without equity you may only be eligible for a smaller loan. Look at your home improvement goals. Determine if they can wait a couple of years until you can build up more equity in your home. If not, then look at your personal circumstances. Try to find the best loan options for the renovations you want to do now. Personal Loans Now offer home improvements loans for bad credit with no equity from £1,000 up to £25,000.
Do Personal Loans Now Offer it?
|Secured home improvement loans||If you are a homeowner, you can get a secured homeowner loan for lower rates than unsecured loans from specialist lenders.||No, we only deal with unsecured loans.|
|Unsecured home improvement loans||You can get a loan without putting up any collateral, so you don’t need to put your house or car at risk to borrow money.||Yes – Apply Now|
|Short term home improvement loans||Although these loans generally span a few years, you can get a home improvement loan with a loan term of just a few months.||Yes – Apply Now|
|Long term home improvement loans||Some lenders will allow you to borrow for as much as fifteen years, although you will pay heavily for this in interest.||Yes – Apply Now|
|Bad credit home improvement loans||Having bad credit shouldn’t stop you from finding a reasonable loan if you find the right lenders to apply with.||Yes – Apply Now|
|Secured home improvement loans|
|If you are a homeowner, you can get a secured homeowner loan for lower rates than unsecured loans from specialist lenders.|
|Personal Loans Now only deal with unsecured loans.|
|Unsecured home improvement loans|
|You can get a loan without putting up any collateral, so you don’t need to put your house or car at risk to borrow money.|
|Short term home improvement loans|
|Although these loans generally span a few years, you can get a home improvement loan with a loan term of just a few months.|
|Long term home improvement loans|
|Some lenders will allow you to borrow for as much as fifteen years, although you will pay heavily for this in interest.|
|Bad credit home improvement loans|
|Having bad credit shouldn’t stop you from finding a reasonable loan if you find the right lenders to apply with.|
Home Improvement Loan Alternatives
Do you need a loan quickly to refurbish your home, and you’re worried about your poor credit score? Home improvement loans are not the only option available:
- Home improvement agencies(HIAs) are not-for-profit organisations run by housing associations, local authorities and charities. They can help people who own their own homes, or who live in privately rented accommodation. They can also help the elderly, disabled, or on a low income to repair, maintain or adapt their home.
- Quick personal loans can help to speed up the process. Most families do not have a pot of cash that they can use. So, many people find a loan to be a very sensible way to add an extension to their home or to simply improve it and add value to the property.
- Guarantor loans are much easier to get approved for and falling behind with the repayments on a loan won’t put your home at risk.
- Bank loans – You can get a small bank loan to make big improvements to your home. However, the process of obtaining bank loans tends to take more time than applying for credit cards.
Home Improvement Loans from Personal Loan Now
It’s always better to save up rather than borrow money, but sometimes you don’t have that option. We are a direct lender and an exclusive broker (fully authorised and regulated by the financial conduct authority), which means we can offer loans with higher acceptance rates. Apply now for home improvement loans, ranging from £1,000 up to £25,000*. You can enjoy an instant decision and same day payout if approved. So, no matter what you’re looking for and whether your credit rating is good or bad, you can rest assured that we will do our best to get you what you need.
Looking to buy some new furniture for your home whilst making some improvements? You can click here to read more about the rent to own price cap.