Home Improvement Loans
Looking to upgrade your home and increase its value?
We've been voted UK’s Best Personal Loan Provider for the last 11 years running
 |
 |
Low rate loans from
6.5 % APR
Representative on £7,500 to £25,000
Representative on £7,500 to £25,000
Feeling some room for improvement? Apply for a home renovation loan
A loan for home improvements can give you access to the funds you need to spruce up your house. Think bigger than just a fresh lick of paint. Renovate, redecorate or refresh any room without worrying about the costs stacking up. With a loan to suit your budget, you can get started on your project sooner.
Welcome to the home of loans
Our low interest home improvement loans can help you to kick-start your renovations and get one step closer to your dream home.
What are the benefits of a home improvement loan?
Using a personal loan for home improvement is a great way to spread the cost of a pricey project. Here’s why:
- Use your loan to complete any home renovation project sooner
- Spread the cost of your home improvements over a term to suit you, making your renovation costs more manageable
- Improve your living space, increase energy efficiency, and add value to your property
- Fixed-rate monthly payments help you to manage your monthly outgoings
- An unsecured loan doesn’t require you to use your home as collateral
Representative Example:
£{value}
{value}% APR
£{value}
£{value}
{value} months
A loan of £7,500 over 5 years: rate of interest 6.5% (fixed), 6.5% APR Representative, monthly repayment of £146.09, total repayment of £8765.40. Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Novuna Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £244.09 per month with our maximum 34.9% APR Representative when you borrow £7,500 over 5 years*. The maximum APR you could be offered when you borrow other loan values is 36.4%*. All loans are subject to status. *For applications carried out directly via the Novuna Personal Finance website.
Please enter a loan amount using the plus or minus keys or by typing into the field.
To make things a little easier for you to find the right loan amount and term, please note:
- The loan amount should be between £1,000 and £35,000 only
- You can borrow between £1,000-£7499.99 over a period of 2 to 5 years only (24 months to 60 months)
- You can borrow between £7,500-£25,000.99 over a period of 2 to 7 years only (24 months to 84 months)
- You can borrow between £25,001-£35,000 over a period of 4 to 5 years only (48 months to 60 months)
You can enter a loan amount using the plus and minus keys or by typing into the field
About home renovation loans
- A quick recap on our loans for home improvement
- What is a home improvement loan?
- What can I use a home improvement loan for?
- Am I eligible for a home improvement loan?
- Are your home improvement loans unsecured?
- How much will my home improvement loan cost?
- Is a home improvement loan the best option for me?
A quick recap on our loans for home improvement
- Borrow between £1,000 and £35,000
- Spread your monthly repayments over 2 to 7 years
- Enjoy low-rate home renovation loans from 6.5% APR Representative (£7,500 to £25,000)
- Apply online in just minutes and receive an instant decision
- If accepted, once complete, the money could be yours within two working days
- It's easy to make overpayments or settle your loan early
- Manage every aspect of your account online or via the app
What is a home improvement loan?
A home improvement loan is a type of unsecured personal loan specifically designed to help you achieve your renovation goals.
Using a personal loan is the ideal way to transform your home and add value to your property, without worrying about finding a large sum of money upfront or spending years trying to save up enough to get started.
Simply borrow the money you need and pay it back over a series of fixed-rate monthly instalments.
What can I use a home improvement loan for?
You can use our home improvement loans to finance almost any project. Extend your house, convert your loft, add a conservatory, invest in some eco-friendly home upgrades, splash out on a new bathroom, update your kitchen… or simply use a small loan to fund your DIY dreams.
The choice is endless, but the question is this… what project do you want to get stuck into next?
Am I eligible for a home improvement loan?
You’ll need to meet the following lending criteria to be eligible for home improvement finance:
- Be aged 21 or over
- Be a permanent resident of the UK (and have been living in the UK for the past three years)
- Be in permanent paid employment, self-employed or retired with a pension
- Have an income greater than £10,000
- Have a good credit history
- Have a bank or building society account
Please don't make additional applications within quick succession of each other as this could impact your likelihood of acceptance. If you already have an existing personal loan application, but it no longer meets your requirements, you’ll need to contact our Loans team on 0343 351 9112 rather than making an additional application.
Are your home improvement loans unsecured?
All Novuna Personal Finance loans, including our home improvement loans, are unsecured.
This means you won’t need to put up your home or any other assets to ‘secure’ the loan. Our lending decision will be based purely on your creditworthiness and your ability to repay the loan.
There’s no risk of your house being repossessed if you fail to make your repayments, though it will be recorded on your credit report which could impact your ability to borrow in the future.
For more information, read our guide on the difference between unsecured and secured loans.
How much will my home improvement loan cost?
The cost of your loan will depend on how much you want to borrow, how long you want to borrow for and what interest rate you’re offered.
The higher the interest rate, the more you’ll pay each month. The rate you’re offered will be decided upon based on your personal information, financial circumstances and your credit history.
Our guide details the factors that impact how much a personal loan can cost.
Is a home improvement loan the best option for me?
There are a few different ways to fund your home improvement project. Do your research to make sure you’re choosing the right option for you.
Aside from taking out an unsecured loan, other options include: using your savings, getting a second charge mortgage, increasing your existing mortgage, remortgaging your home, releasing equity, or using a credit card.
There are pros and cons for each option and you should consider them all carefully. Our guide on funding home improvements goes into more detail to help you make an informed decision.
Helping customers just like you feel right at home
Hear from just some of our 5 million customers who’ve used our loans to achieve their dreams. Read all reviews here.
Read real customer stories
"I transformed my house into a home one room at a time"
Neil and his family were able to fund a new kitchen thanks to a home improvement loan. And when the time came to refresh their lounge, they came back to us again to help them get started on their refurbishment project sooner.
Find out about Neil's home improvement plans