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Bathroom Remodel Financing

If your bathroom is outdated, dysfunctional, or simply doesn’t meet your needs or preferences, you may want to remodel it. While a bathroom remodel is a great way to give your home a fresh update, it won’t be cheap. Fortunately, a bathroom remodel loan can help you cover the cost.

Bathroom Remodel Financing
Anna Baluch
Freelance Copywriter

The cost to remodel a bathroom ranges from a few thousand dollars to $20,000 or even more. If you don't have enough cash or home equity to update your bathroom, don't worry. You can use a bathroom remodel loan to transform a master bathroom, power room, guest bathroom, or kids bathroom into a room you’re proud to call your own. Our team of financial experts reviewed and ranked more than 30 online lenders that offer bathroom remodel loans to help you get funded.


Our Top Picks for Best Bathroom Remodel Financing

 Marcus_logo
  • No origination fees or late fees
  • Customizable monthly payment
  • No prepayment penalties
Min. Credit Score
Min. Credit Score 660+
Loan Amounts
Loan Amount $3.5K-$40K
Est. APR
Loan Repayment Up to 72 months
 upgrade_logo
  • Funding as soon as the next day
  • Can be approved with fair credit
  • Variety of discounts on rates
Min. Credit Score
Min. Credit Score Not disclosed
Loan Amounts
Loan Amount $1K-$50K
Est. APR
Loan Repayment 24 to 84 months

How to Choose the Best Bathroom Remodel Loan?

Not all bathroom remodel loans are created equal. That’s why our experts considered certain factors when choosing the best options. Here’s a brief overview of each one.

  • Loan Features: There’s no denying bathroom remodels are expensive. That’s why we gave extra points to lenders that offer large loan amounts and flexible loan terms. Of course, we made sure they allow borrowers to use their loan proceeds on home improvement projects.
  • Interest rates and fees: High interest rates and fees like origination fees, late fees, and prepayment penalties can quickly increase the overall cost of your bathroom remodel loan. Our experts made it a point to choose lenders with competitive rates as well as minimal to no fees.
  • Application process: A bathroom remodel is a lot of work so an easy, online application process that includes a prequalification tool to help you compare offers without any impact to your credit score is ideal. 
  • Qualification process: We believe that bad credit shouldn’t stop you from remodeling your bathroom but good credit should reward you with favorable rates and terms. For this reason, we looked at lenders with both lenient and stringent eligibility criteria.
  • Customer support: Since bathroom remodel loans usually come with longer terms, excellent customer support via phone, email, online chat, and other channels is key. 
  • Online user reviews: Online reviews on independent review sites like Trustpilot and Better Business Bureau (BBB) gave us non-biased insight into each lender’s reputation and customer satisfaction ratings.
  • Perks and Bonuses: We were strong advocates of lenders who offer extras like hardship assistance, credit score monitoring, repayment flexibility, and unemployment protection.

Best Personal Loans to Finance Bathroom Remodel - Full Overview

1. Marcus: Best for No Fees

If you’d like to finance your bathroom remodel without paying for fees on top of interest, Marcus by Goldman Sachs should be on your radar. Its loans come with no fees, including origination fees, late fees, and prepayment fees.
Pros
No fees: While you will have to pay interest, Marcus won’t charge you origination fees, late fees, and prepayment fees.
On-time payment reward: Once you make 12 or more consecutive payments on time, Marcus will allow you to defer one payment without having to pay any extra interest.
Flexible loan terms: Marcus offers a wide range of loan terms, ranging from three to six years.
Cons
High eligibility requirements: If you don’t have the best credit, you may not qualify for a Marcus loan as the lender has fairly rigorous criteria for its borrowers.
No cosigned options: Since Marcus doesn’t offer cosigner loans, you won’t be able to add a cosigner to increase your chances of getting approved.
Limited customer support options: While you can contact customer support via phone, there is no way to get in touch with Marcus through live chat or social media.

marcus by goldman sachs
Marcus personal loan amounts range from $3,500 to $40,000 with 3 to 6 year terms. Interest rates, which are between 6.99% to 19.99% are quite competitive. To qualify, you’ll need a credit score of at least 660.

The Bottom Line

For a no-fee personal loan for your bathroom remodel, you may want to choose Marcus, especially if you have good credit.

2. Upgrade: Best for Building Credit

With an Upgrade personal loan, you can pay for your bathroom remodel and build your credit at the same time. The lender offers a variety of credit building tools, including free credit score monitoring, a credit score simulator, and personalized credit building tips.
Pros
Credit building tools: You can take advantage of several free tools that will help you establish a strong credit history.
Fast funding: Upon approval, you may receive your money within one business day.
Lenient eligibility criteria: Even if you don’t have the best credit, you can still get approved for an Upgrade loan.
Cons
Origination fees: Upgrade charges origination fees that range from 2.9% to 8%, which can increase the overall cost of your loan.
Late fees: In addition to origination fees, you may pay a late fee of up to $10 if you don't make a full payment within 15 days of when it’s due.
Not available everywhere: If you live in Iowa or West Virginia, you won’t be able to take out an Upgrade loan as the lender does not operate in these states.

upgrade
Upgrade offers loans that range from $1,000 to $50,000 with terms of 2 to 7 years and interest rates of 5.44% to 35.47%. The minimum credit score requirement is 560 and you need at least two accounts on your credit history as well as a debt-to-income ratio of no more than 75%.

The Bottom Line

If you have a thin credit file and want to remodel your bathroom, an Upgrade personal loan can help you out with both.

3. LendingClub: Best for a Cosigner Loan

If you don’t have good or excellent credit, a cosigned loan from LendingClub may make sense. The lender has lenient eligibility requirements and accepts loan applications with cosigners.
Pros
Joint loans accepted: LendingClub accepts joint loans, meaning you can apply with a cosigner as long as your combined debt-to-income ratio is 40%.
Prequalification option: You can check your bathroom remodel loan offer on LendingClub’s website without any impact to your credit.
Payment flexibility: As long as you’re in good standing, you can change your payment due date, either temporarily or permanently.
Cons
Higher interest rates: Compared to other personal loan lenders, LendingClub interest rates are on the high side.
Limited term lengths: The only term options for LendingClub bathroom financing are three years and five years.
Origination fees: LendingClub charges origination fees that range from 3% and 6% of the total loan amount.

lending club
LendingClub personal loans range from $1,000 to $40,000 with terms of 3 or 5 years and interest rates from 6.34% to 35.89%. You’ll need a credit history of more than 18 months and a minimum credit score of 600 to get approved.

The Bottom Line

If you’re looking for a cosigner loan for your bathroom remodel because you don’t have the best credit, LendingClub can be a smart option.

4. FreedomPlus: Best for Rate Discounts

FreedomPlus offers personal loans for bathroom remodels that often come with discounts on interest rates. You can score one if you add a co-borrower or show proof of $40,000 or more in retirement savings.
Pros
Rate discounts. FreedomPlus offers a few opportunities for discounted rates.
Payment flexibility: You can choose your preferred payment date before you sign your loan agreement and even change it afterwards if you’d like.
Chance to prequalify: If you’d like to check your offers without any affect to your credit, you can prequalify for a bathroom remodel loan on the FreedomPlus website.
Cons
Origination fees: FreedomPlus charges origination fees between 1.99% and 4.99% of the total loan amount.
High minimum loan amounts: The smallest loan you can take out is worth $7,500, which can be an issue if you only want to spend a couple thousand dollars on your bathroom remodel.
Potentially high rates: If you don’t have good credit, you may have to accept a rate as high as 29.99% and spend more than you want to on your renovation.

freedomplus
FreedomPlus loans go from $7,500 to $50,000 with terms of 2 to 5 years. Interest rates range from 7.99% to 29.99%. The qualification requirements are a credit score of at least 600 and a debt-to-income ratio of no more than 45%

The Bottom Line

FreedomPlus personal loans can be good if you can qualify for a rate discount that can lower the overall cost of your bathroom remodel.

5. Avant: Best for Bad Credit

Avant offers personal loans for bathroom remodeling. You can get approved for one, even if you have fair or poor credit. The lender may look beyond your credit history when reviewing your application.
Pros
Lenient requirements: Avant might approve you for bathroom remodel financing, even if you have bad credit.
Fast funding: You may be able to receive your funds the day after Avant approves you for a loan.
Payment date flexibility: If you’d like you’ll be able change your payment due date up to two times during your repayment term.
Cons
Origination fees: Avant may charge an origination fee up to 4.75%.
High APRs: If you don’t have great credit, you may have to settle for a high rate that can cost you hundreds or thousands of extra dollars.
Limited availability: Avant loans are not offered in Colorado, Hawaii, Iowa, Nevada, New York, Vermont and West Virginia.

avant
Avant’s loans range from $2,000 to $35,000 with terms of 2 to 5 years. Its interest rates cap at 35.95%. For a chance of approval, you need a minimum credit score of 550, a monthly income of at least $1,200 and debt-to-income ratio of no more than 70%.

The Bottom Line

An Avant personal loan may be worth considering for your bathroom remodel if you don’t have the best credit.

Try Avant

6. Best Egg: Best for Good Credit

As long as you have good credit, you can get approved for a Best Egg personal loan with a competitive interest rate. Best Egg will allow you to use the proceeds toward a bathroom remodel or virtually any other expense.
Pros
Great rates for good credit: If you have a strong credit history, you may lock in a low rate that saves you a lot of money on your overall loan.
Fast funding: According to Best Egg, almost half of its borrowers receive their money the day after they apply.
No prepayment penalties: Since Best Egg doesn’t charge prepayment penalties, you can pay off your loan early and reduce the cost of your bathroom remodel loan even more.
Cons
Limited payment terms: Best Egg only offers two term options: three years and five years.
Origination fees: You may have to pay an origination fee ranging from 0.99% to 5.99%.
No joint applications: Best Egg won’t allow you to apply with a cosigner so if you don’t have good credit, its loans might not be an option.

bestegg
Best Eggs loans range from $2,000 to $50,000 with terms of 3 or 5 years. Interest rates are between 5.99 and 35.99%. The lender requires a minimum credit score of 600, an annual income of at least $3,500, and a debt-to-income ratio of no more than 40% or 65%, including a mortgage.

The Bottom Line

If you have good credit and can score a low interest rate, a Best Egg personal loan may be a strong choice for your bathroom remodel.

7. OneMain Financial: Best for Flexible Terms

If you take out a OneMain Financial personal loan for your bathroom remodel, you can choose to repay your loan from anywhere between 2 to 5 years. You may pay it off quickly or take your time.
Pros
Flexible terms: You can get approved for bathroom remodel financing with flexible payment terms ranging from 2 to 5 years.
Branch access: If you feel more comfortable applying for a loan and managing a loan in person, you’ll be able to do so at a OneMain Financial branch.
Seven-day cancellation policy: OneMain Financial allows you to cancel your loan within 7 days if you decide it’s not right for you.
Cons
No autopay discount: Unlike many other lenders, OneMain Financial doesn’t offer a rate discount if you sign up for automatic payments.
Origination fees: You may be on the hook for an origination fee of 1% to 10% of the total loan amount or a flat fee of $25 to $500, depending on where you live.
High starting interest rate: Even if you have good credit, you may have to settle for a higher-than-average interest rate.

OneMain
OneMain Financial loans range from $1,500 to $20,000 with repayment terms of 2 to 5 years and interest rates between 18.00% to 35.99%. While the lender doesn’t reveal any hard credit requirements, it does state that it uses a proprietary underwriting system to review your credit information and focuses on your ability to repay your loan.

The Bottom Line

OneMain Financial is best if you don’t have the best credit yet want a bathroom remodel loan with flexible repayment terms.

8. LightStream: Best for High Borrowing Amounts

For an expensive bathroom remodel, a LightStream personal loan may be the way to go. Its loans go up to $100,000, making them ideal if you’d like to gut your bathroom and remodel it from scratch or invest in the highest quality fixtures and finishes.
Pros
High maximum amount: You may be able to borrow up to $100,000 for your bathroom remodel.
Low rates: If you have good credit, you can qualify for a low rate, which can save you a lot of money on your bathroom remodel.
No fees: LightStream doesn’t charge any fees, including origination fees, late fees, and repayment fees.
Cons
No prequalification tool: You won’t be able to check your offers from LightStream without hurting your credit.
High minimum loan amount: If you only want to spend a few thousand dollars on a bathroom remodel, you may find the minimum loan amount of $5,000 a bit too high.
Established credit history required: LightStream approves borrowers with at least a few years of credit under their belt.

lightstream
LightStream loans range from $5,000 to $100,000 with terms of 2 to 7 years and rates between 4.99% to 19.99%. The lender requires a minimum credit score of 660 and at least several years of credit with a good payment history.

The Bottom Line

If you have good credit and want to splurge on your bathroom remodel, a LightStream personal loan can meet your needs.

Best Bathroom Remodel Loans - Feature Comparison

Company Name

Est. APR

Min. credit score

Loan Amount

Loan term

Marcus

6.99-19.99%

660

$3,500-$40,000

3-6 years

Upgrade

5.44-35.47%

560

$1,000-$50,000

2-7 years

FreedomPlus

7.99% to 29.99%

600

​​$7,500 to $50,000

2-5 years

LendingClub

6.34-35.89%

600

$1,000-$40,000

3 or 5 years

Avant

9.95-35.95%

550

$2,000-$35,000

2-5 years

Best Egg

5.99-35.99%

600

$2,000-$50,000

3 or 5 years

OneMain Financial 

18.00-35.99%

None

$1,500-$20,000

2-5 years

LightStream

4.99-19.99%

660

$5,000-$100,000

2-7 years

What is a Bathroom Remodel Loan?

A bathroom remodel loan is what it sounds like: a personal loan that’s intended to finance a bathroom remodel. You’ll receive a lump sum of money upfront and can use it toward the labor and material costs associated with a bathroom remodel.

While there are many bathroom remodel loans on the market, most of them are unsecured, meaning they don't require collateral or an asset you own. In addition, they usually come with fixed interest rates and set monthly payments you can budget for in advance.

How Much Does it Cost to Finance a Bathroom Remodel?

A number of factors will determine how much you’ll pay to finance a bathroom remodel. Most homeowners in today’s day and age, however, can expect to shell out anywhere from $6,000 and $20,000 or even more. Of course, it all depends on how complex your project is, the size of your bathroom, whether you do it yourself or hire a contractor, the materials and fixtures you choose, and where you live.

How to Get a Bathroom Remodel Loan

If you’d like to take out a bathroom remodel loan, follow these steps.

  • Check your credit: First and foremost, find out where you stand creditwise. This way, you’ll have an idea of what types of lenders and loans to consider. You can go to AnnualCreditReport.com and pull your credit reports from all three credit bureaus for free. If you find any errors or inaccuracies, dispute them as they might be dragging down your score.
  • Compare lenders: Once you know how you’re doing on the credit front, compare lenders that offer bathroom remodel loans you can likely get approved for. Our list of the best bathroom remodel loans above is a great place to start. We’ve done the heavy lifting for you so you might as well take advantage of it.
  • Prequalify: If possible, prequalify with a few lenders that pique your interest. By doing so, you’ll be able to check your bathroom remodel financing offers without hurting your credit. Prequalifying can make it a breeze to find the ideal loan for your unique situation.
  • Read the fine print: Before you sign on the dotted line and commit to a loan, read the loan terms carefully and ask the lender for clarity if something doesn’t make sense. Pay attention to the interest rate, fees, and perks.
  • Apply: If you decide to move forward with a particular bathroom remodel, fill out the lender’s application and submit any required documentation, like a government-issued ID, pay stubs, bank statements, and tax forms. Fortunately, most lenders will allow you to apply online quickly, from the comfort of your own home or office.

Pros and Cons of Financing a bathroom remodel with a personal loan

Before you use a personal loan to finance a bathroom remodel, consider these benefits and drawbacks.

Pros

  • No risk of losing your house: A personal loan doesn’t require you to borrow against your home’s value. This means the lender won’t foreclose on your house if you can't make your payments.
  • Fast funding: Most lenders that offer bathroom remodel loans will distribute your money via direct deposit the same day you apply, within 24 hours, or in a few business days. You won’t have to wait weeks or months to receive your funds and begin your project.
  • Low fees:  While personal loans often come with origination fees, they don’t have all of the closing costs that are common with home equity loans and HELOCs. These include  application fees, appraisal fees, annual fees, title insurance fees, and more.

Cons

  • Interest rates can be high: Since personal loans are usually unsecured, they typically charge higher interest rates than home equity loans and HELOCs. If you don’t have the best credit, they can be difficult to afford.
  • Lower maximum loan amounts: Compared to other financing options, personal loans won’t allow you to borrow as much money. This can be an issue if you have plans for a very expensive, ultra luxury bathroom remodel.
  • No tax benefits: If you use a home equity loan or HELOC for home improvements,  you may be able to deduct the interest you pay from your tax bill. Unfortunately, there are no tax benefits to using a personal loan for bathroom remodels.

Other Bathroom remodel financing options

If you decide that a personal loan isn’t right for you, consider these alternative ways to finance your bathroom remodel.

  • Home equity loans or home equity lines of credit (HELOCs): If you own your home and have built some equity in it, a home equity loan or HELOC may make sense. A home equity loan can provide you with a lump sum of money upfront while a HELOC serves as a revolving credit line you can pull from at any time, up to a set credit limit. Just keep in mind that both of these options come with fees and closing costs that can increase your overall cost of borrowing.
  • FHA Title 1 loans: Insured by the Federal Housing Administration (FHA), an FHA Title 1 can come in handy if your bathroom remodel will make your home more livable or energy efficient. As long as you meet certain debt and payment history requirements, you may lock in a low interest. The main downfall of this option, however, is that FHA Title 1 loans are capped at $25,000 for single-family homes.
  • Credit card with 0% intro offers: Some credit card issuers offer cards with 0% introductory offers, meaning you can avoid interest fees for a certain period of time, which is usually between 12 and 18 months. If you know you’ll be able to repay your balance before the intro period comes to an end, this option may make sense. But since bathroom remodel costs are often unpredictable, it might not be realistic.
  • Store and company financing: These days, many home improvement stores and companies offer credit you can use for home improvement projects, like bathroom remodels. Before you go this route, read the terms and conditions carefully to make sure you can afford it.

Bathroom remodel financing tips

No matter how you decide to finance a bathroom remodel, keep these tips top of mind.

  • Be clear about your needs: Lenders want to know what you intend to do with the loan proceeds. When you apply for financing, make sure you explain that you plan to use the funds for a bathroom remodel. Make it clear that the loan will help improve your home and increase its value.
  • Ask for a specific amount: While it’s tempting to ask for more money, doing so can lead to a denial. Do your homework and estimate how much your bathroom remodel will actually cost you beforehand so you know how much to ask for. Remember to factor in costs for both materials, labor, and fixtures.
  • Check your credit: Most financing options largely depend on your personal financial health. If you check your credit score, you’ll have a good idea of what types of loans and/or other financing options are within reach. In general, a credit score of at least 660 should open the doors to many opportunities.
  • Understand your home equity: Your home equity is the difference between what you owe on your mortgage and what your home is currently worth. Even if you don’t take out a home equity loan or HELOC, a lender may still want to know that number so it’s smart to calculate it before you fill out any applications.

Turn Your Dream Bathroom Into a Reality with Bathroom Remodel Financing

There is no shortage of benefits to remodeling your bathroom. Not only will you be able to increase your home value, you’ll improve your overall quality of life. However, unless you have thousands of dollars in cash at your disposal, you’ll likely need to lock in financing to get the job done. Fortunately, there are plenty of bathroom remodel loans that can allow you to do just that. Best of luck with your bathroom remodel!

Frequently Asked Questions(FAQ)

How can I remodel my bathroom without spending money?

While you will have to spend at least some money to give your bathroom a makeover, there are some things you can do to lower its cost. Keep the footprint the same as changing it can add time and labor costs to the project. Also, consider DIYing it instead of hiring a contractor. In addition, use cheaper materials and reuse existing pieces like bathtubs, sinks, and toilets.

What is the cheapest way to remodel a shower?

Remodeling a shower can be expensive. To go the budget friendly route, use prefabricated acrylic panels that you can quickly and easily apply to the shower walls. Even though this is a cheap option, you’re sure to find panels that align with your aesthetic. Fortunately, they come in all types of styles and designs.

Can I finance a bathroom?

You can finance a bathroom remodel, even if you have bad credit. First, consider the bathroom remodel options we mentioned above. If you decide a personal loan isn’t the best option, you may want to explore a government loan like a FHA title loan or home equity loan or HELOC. Other financing solutions that should be on your radar include 0% APR credit cards and store and company financing.

Related Loan Picks

About the Author

Anna Baluch

Anna Baluch

Freelance Copywriter

Freelance copywriter who enjoys writing for large publications as well as startups, small to medium sized businesses. Anna Baluch is a personal finance writer with over 7 years of experience covering topics related to mortgages, debt management, student loans, personal loans, and more.

More about me