Home Improvement Loan Rates

Top deals

Top rate

AA

5.3%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.3% so if you borrow £10,000 over 5 years at a rate of 5.3% (fixed) you will repay £189.52 per month & total amount payable £11,371.03.

Post Office

5.9%
£7,500 - £15k
1-7 years

Check eligibility Representative Example: The representative APR is 5.9% so if you borrow £10,000 over 5 years at a rate of 5.9% (fixed) you will repay £192.15 per month & total amount payable £11,529.01.

Santander

6.3%
£7,500 - £15k
1-5 years

Check eligibility Representative Example: The representative APR is 6.3% so if you borrow £10,000 over 5 years at a rate of 6.3% (fixed) you will repay £193.91 per month & total amount payable £11,634.61.

Shawbrook

6.6%
£10k - £500k
3-25 years

Check eligibility Representative Example: The representative APR is 6.6% so if you borrow £10,000 over 5 years at a rate of 6.6% (fixed) you will repay £195.23 per month & total amount payable £11,713.96.

What is a Home Improvement Loan?

A home improvement loan is a loan designed for funding any renovations or improvements that you are planning on making to your home. Home improvement loans can come in the forms of secured and personal loans. Personal home improvement loans are usually short term (1-5 years), are for smaller home improvement projects and are usually specifically designed and tailored for home improvement projects. Secured home improvement loans on the other hand usually have a longer repayment period, allow you to borrow larger amounts and can be used for pretty much any purpose.

How home improvement loan rates work?

The interest rates on home improvement loans are firstly likely to vary depending on whether you select a secured or personal home improvement loan. Although secured home improvement loans usually offer more attractive monthly repayment rates, you could end up paying more over time as the interest rates accrue over a longer period.

The rates you received are also likely to vary depending on which lender you use. Whilst it is important to shop around yourself, it’s also advisable to use an independent broker website such as ours, to compare a wider range of lenders.

It is also worth noting that the amount you are likely able to borrow, the rate of interest you will pay and the length of the loan term is likely to depend on your personal circumstances, market conditions and the value of your property. Additionally, when setting a rate for your secured loan, lenders typically tend to take into account your credit score. Despite this, lenders of home improvement loans are usually sympathetic towards borrowers with poor credit scores because the loan is secured against your home.

How to secure a home improvement loan?

Many home improvement loan lenders now only work through independent intermediaries such as ourselves, which it is why it is important to gain assistance from an authorised mortgage broker. We work with the majority of home improvement loan lenders, which means we can compare leading and exclusive rates to bring you the best deal possible to suit your personal circumstances.

If you have any questions or queries about finding secured loan, why not call us today on 0117 313 8872, for aFREE initial consultation.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. If you are at all unsure of the suitability of a particular product for your circumstances you should seek independent financial advice.