A home improvement personal loan is an unsecured (no collateral) fixed-rate personal loan that is used for home renovations and repairs and repaid over a set length of time. Home improvement personal loans are a smart alternative to revolving high-interest credit cards and faster than tapping into home equity.
Instead of waiting for your house, condo, or apartment to accumulate enough equity for a cash out refi or home equity line of credit, you can get a personal loan for home upgrades in as little as a few days—no collateral, appraisal, or costly refinancing required. A personal loan for home improvements offers an easy, online application with eligibility based primarily on your credit score (not home value), fast funding, and affordable monthly payments.