Best Home Improvement Loans

You can borrow anywhere from $600 to $50,000 with APRs ranging from 4.99% to 17.99% and with a repayment term of up to 60 months. There are no origination fees or prepayment penalties, but there is a late fee of $29. You can get funding in one to two business days after verification. PenFed doesn’t report a minimum credit score or income requirements, but you’ll need excellent credit to qualify for the best rates.

Upgrade provides home improvement loans in amounts between $1,000 and $50,000 with flexible repayment terms between 24 and 84 months. There’s an origination fee between 2.9% and 8%, which will be deducted from your loan proceeds, and APRs range from 5.94% with Autopay to 35.97%. There are no restrictions on home improvement loans and you can receive your money as soon as the next day. Upgrade charges a late payment fee of up to $10 but doesn’t penalize you for paying off your loan early. The lender doesn’t disclose its minimum credit score or income requirements, but is known to be more lenient with fair credit borrowers than some other lenders.

Since AmOne is a loan comparison platform, rates, terms, fees, and borrowing amounts are going to depend on the lender you are matched with. However, you can borrow up to $50,000 from send lenders, and there’s no minimum credit score or income requirements to satisfy before applying. Depending on the lender, you may be able to get your funds 24 hours after approval. AmOne performs a soft credit check to match you with lenders, so using the service won’t impact your credit score.

You can borrow between $3,500 and $40,000 from Marcus for any home improvement and pay back the loan in your choice of nine terms, which makes your monthly payment highly customizable. Terms range from three to six years. APRs range from 6.99% to 19.99%, you can save 0.25% APR when enrolling in Autopay, and there are no fees whatsoever. It takes about one to four business days to receive your funds once you’re approved. Marcus doesn’t specify minimum requirements, but only the most creditworthy borrowers will qualify for the lowest rates. If you make your payments on-time for 12 months, you’ll have the option to defer payment for a month, which can be helpful during tough times.

With Discover personal loans, you can borrow between $2,500 and $35,000 for any home improvement project and receive the funds as soon as the next day. Terms range from 36 to 84 months and APRs range from 5.99% to 24.99%. There are no origination or application fees and no prepayment penalties, but Discover may charge a late payment fee of $39. However, you can change your due date up to two times over the life of your loan. Discover doesn’t disclose a minimum credit score, but you’ll need at least $25,000 in annual income to qualify.

SoFi offers personal loans for home improvement in amounts ranging from $5,000 to $100,000 with repayment terms ranging from 24 to 84 months. APRs range from 5.74% to 21.78%, which includes a 0.25% Autopay discount and a 0.25% direct deposit discount. Once your loan has been in good standing for nine months, you’ll be eligible for unemployment protection, which allows you to pause your payments if you lose your job through no fault of your own. SoFi does not specify minimum requirements, but many third party sources report that you’ll need good or excellent credit to be approved. Funding time isn’t as quick as some other lenders, but you’ll receive your money within a few business days of being approved.

You can borrow anywhere from $1,000 to $50,000 for your home improvement project from Upstart and choose a three or five-year repayment term. APRs range from 5.22% to 35.99%. The minimum credit score is only 300 and borrowers with insufficient credit history to generate a score are also welcome to apply. However, you can’t have any bankruptcies or delinquent accounts and your debt-to-income ratio can’t exceed 50% (45% in some states). Depending on when you sign your loan offer, you’ll get your funds the next business day or within two business days.

With Figure, you can apply for a personal loan between $5,000 and $50,000 with a term of 36 or 60 months. APRs range from 5.75% to 31.44% with an Autopay discount. There’s a 0% to 5% origination fee. You can get your funds as soon as the next day. Figure doesn’t disclose minimum requirements for its personal loan product, but in order to apply for a HELOC you must have a minimum credit score of 620. If you live in Oklahoma, you’ll need a 720, and if you’re using an investment property or applying for at least $200,000, you’ll need a 680. Credit lines start at $15,000 and go up to $400,00. You can choose a 5, 10, 15, or 30-year loan term and rates start at just 3.5%. You’ll receive your funds as soon as five business days after approval.

You can borrow between $5,000 and $100,000 for your home improvement project from LightStream and choose a term between 24 and 240 months. However, for terms lasting longer than 84 months, you must borrow at least $25,000. Rates for home improvement loans start at 4.99% with Autopay and go up to 16.49%. There’s no origination fee or any other fees of any kind. To qualify, you’ll need several years of credit history with good payment history, enough savings or assets, and stable and sufficient income, though LightStream doesn’t disclose a hard minimum credit score or salary amount. Since there’s no option for a soft credit pull, we don’t recommend applying unless you have a score of at least 660.