Min. credit score
4.99% to 20.49%
$5,000 to $100,000
24 months to 12 years
Up to 35.99%
$300 to $10,000
12 to 48 months
3.99% to 35.99%
$600 to $100,000
12 to 84 months
6.99% to 19.99%
$3,500 to $40,000
36 to 72 months
5.35% to 35.99%
$1,000 to $50,000
36 or 60 months
5.94% to 35.79%
$1,000 to $40,000
24 to 84 months
What is a Landscaping Loan?
A landscaping loan is a loan that you take out to fund a
landscaping project such as adding a lawn, pathways, water features, statues,
or other plants to your yard. The loan can take many forms but often you’ll
receive a lump sum upfront and repay it over a set term through monthly
Typically, you’ll be assigned an annual percentage rate
which is used to calculate the interest and fees you pay on top of the loan
amount. Personal loans work well for landscaping projects because they are
usually unsecured, freeing you to use the funds for whatever purchases you’d
like to make.
How Much Do Landscaping Projects Cost?
There are a wide variety of landscaping projects so the
costs can vary greatly. However, the national average cost to install landscaping is $3,363, with projects ranging from $250 on the low end to
$12,000 on the high end. Your cost will depend on the size of the area you want
to landscape, the features you want to add, the materials, you want to use, and
if you hire help. You’ll need to plan your landscaping project and then itemize
each step to figure out your total cost.
How to Get a Landscaping Loan
Here are the steps you should follow to get a landscaping
- Check your credit: First things first, check your credit
reports to see where your scores stand. You’ll want to check with Experian,
Transunion, and Equifax.
- Estimate your project cost: Figure out how much you need to
borrow by breaking down the components of your project and the price for each.
- Research lenders: Research lenders that provide large enough
landscaping loans to borrowers with your credit score.
- Get quotes: Get quotes from three to five lenders that look
like they’d be the best fit for your needs.
- Compare quotes: Compare the quotes you receive to figure out
which one provides the best overall value. Be sure to consider loan amounts,
APRs, fees, terms, and customer service.
- Finalize the loan: Once you’ve found the best loan, accept
the offer, complete any final steps, and have the money wired to your bank
That’s it. Once you receive the landscape financing, you can
use it to pay for your project. From there, you’ll need to make your payments
according to your loan contract. If you want to save time on researching
lenders, you can start with the top lenders we’ve selected above.
Landscaping Loan Alternatives
Not sure if a personal loan is the best type of loan for
you? There are a few scenarios where another loan type could be a better fit.
Here are the alternatives to consider:
- Home equity loan: A home equity loan, also known as a second
mortgage, is a loan that is based on the amount of equity you have in your
home. If you have sufficient equity, a lender will let you borrow against it
and the loan will put a second lien against your house. This is a way you can
liquidate your equity and invest it into landscaping. The advantages of home
equity loans are that you can often borrow large amounts at low interest rates.
They are also easier to get than personal loans because they are secured. The
main drawback is that if you default on the loan, you can lose your house.
- Home equity line of credit (HELOC): A HELOC is similar to a
home equity loan in that it is secured by the equity in your home. However,
instead of receiving a lump sum loan, you receive access to a line of credit.
You can use it as you need it and are only charged interest on funds you’ve
withdrawn. This can be a good fit if you aren’t sure how much you will need or
if you’ll need the funds in stages. You’re often given a certain period to use
the credit line, such as 10 years, after which the outstanding balance is
either due or converted into a term loan.
- Credit cards: Credit cards are another option for financing
landscaping projects. However, you’ll need decent credit to get large credit
lines and good APRs. While credit cards offer more flexibility when it comes to
repayments, only requiring a minimum monthly payment, extending the repayment
period will result in much higher interest costs. However, if you can get a
credit card with a 0% APR introductory period, and can pay off the balance before
the period ends, you could save on the interest you would pay using other loan
- Landscaping companies that offer financing: If you plan to
hire a landscaping company, you may find that they offer financing to help you
split the costs up over time. However, be sure to ask about the rates and terms
to uncover any hidden costs. Things can get complicated when your landscaping
and financing are coming from one source. It’s also a good idea to compare the
financing offer to two or three personal loan quotes to see how it stacks up.
Personal loans are often a fast, easy, and affordable way to
fund landscaping projects, but they won’t be available in all cases. If you
have trouble getting approved but have home equity, you may want to consider
home equity loans or lines of credit. Further, if you have great credit, you
might want to look into credit cards with long interest-free introductory
Investing in a landscaping project can bring you enjoyment
for years to come, and it can help to boost your home’s market value. However,
the costs can add up very quickly. By shopping around to find the best possible
deal on a landscaping loan, you can cover the costs upfront and get a repayment
plan that you can comfortably afford. The key is to do a little homework and
comparison shop. Never take the first loan you’re offered. By applying with a
few reputable lenders like the ones listed above, you’ll find a good deal in no