Home improvement loans in the UK are a great quick cash solution to help you with any home renovations. At LoanPig, we have the ability to connect you to other direct lenders if we can’t approve your application. No matter the reason for your home loan, whether it is for an emergency repair or you need cash to cover an unexpected payment, we’ll do our best to provide you with the most suitable home renovation loan to match your affordability. With LoanPig, you can choose from taking out anywhere between a £75 and £1500 home loan amount and repay over 3 to 12 months. As a Financial Conduct Authority (FCA) approved lender of home loans in the UK, you can trust your application will be treated fairly as part of our commitment to responsible lending.
With home loans available up to £1500 and a maximum of 12 months to repay, you have the flexibility to choose home improvement loans in the UK that suit you. It’s easy to get started, just use our sliders above to choose the amount and loan term you want and start your application today by clicking apply now.
What Is A Home Improvement Loan?
Home improvements, renovations and DIY can be expensive. A home improvement loan can be used as a direct payment for the changes that you make to your house.
Home improvement loans allow you to borrow a set amount of money to fund any home renovations or improvements to your property.
As this is usually classified as non-essential spending, it is worth thinking carefully as to whether you need this home loan. As an unsecured loan, a home loan allows you to take out money for home improvements without securing repayments against an asset. Lenders will assess your credit history by law before providing you with a home loan in the UK, but this does not necessarily reduce your chances of being accepted.
Choose A Trusted Home Improvement Loans Lender
Home loans can be a great option for numerous reasons, providing you with the funds you need in an efficient manner. At LoanPig we always ensure we work to responsible lending guidelines, as well as the lenders we can connect you to. When deciding upon your home improvement loans, you will need to factor in your personal circumstances as well as the amount of money you need to borrow to cover the renovation bill.
With one fast online form, whether you have good or bad credit, you could be one step closer to resolving any unexpected bills. Like payday loans, they can be approved quickly and pay out the same day where this is possible. With many online lenders available, it can be difficult knowing which to choose, so that’s why at LoanPig we have made it simple and easy to find exactly what you need and only present you with trusted home loan lenders.
Benefits Of Taking A Home Renovation Loan With LoanPig
At LoanPig, we want to help you resolve your financial problem as soon as possible. We can help you find an home loan in minutes, tailored to both how much you need to borrow and how long you require the repayment period to be. We are here to help, which is why we make sure that when you arrange an home loan, you are able to comfortably afford the repayments, rather than adding to your troubles in your time of need.
Some of the main benefits of taking a home improvement loan in the UK with LoanPig include:
– LoanPig charges a maximum interest of 0.8% per day.
– LoanPig can only charge a one-time late penalty fee of £15.
– LoanPig ensures that customer will never pay more than double the amount they borrowed.
If we can approve your home renovation loan application, you can expect a quick pay out, allowing us to give you the financial support you require in a matter of minutes.
Home Loan Stages
Step 1 – Application
To begin the process to acquiring any home improvement loans in the UK, you must always begin with an application. Fill out our online application, let us know how much you need, and how long for. You will also require to provide us with some further details about you and your current situation.
Step 2 – Decision Process
After submitting your information, you’ll receive a decision on the very same day. We’ll provide you with our decision, along with multiple options for your home improvement loan, so you can alleviate any difficulties you may be having for the time being.
Step 3 – Payment
When you have accepted the loan and agreed to all of the attached conditions, the money will be sent directly to your bank account. The length of time this takes may vary, but many customers receive their home loans in the UK loans within 10 minutes of signing the agreement.
Am I Eligible For A Home Improvement Loan?
Applying for a home improvement loan in the UK with LoanPig is an entirely digital process, making the application process readily available for practically anyone. By using our loan calculator you can choose the amount you would like to borrow, and the length of time you wish to spread repayments over. You will then be shown an estimate of what your monthly repayments for your home loan will be. If you’re happy with the monthly repayment estimate and the loan terms, you can proceed. To be eligible for home improvement loans in the UK, you’ll need to be:
– A current UK resident.
– At least 18-years-old.
– Have an active bank account and a valid debit card.
– In permanent employment or receiving some form of disability/living allowance or pension.
If you have any further concerns regarding prior financial difficulties, you have a bad credit rating or have never borrowed before, you don’t need to worry. As a broker, LoanPig uses a panel of lenders, some of whom are prepared to lend to clients who have a low credit score. With home loans in the UK, all loan applications are subject to a full credit check, but your credit score is not the only criteria a home renovation loan application is considered.
The key element is that you have proficient affordability and can make repayments, while providing proof that any financial issues you have previously had are in the past. This way, we are able to find the most appropriate home loan in the UK for you.
Home Improvement Loans FAQs
Can I Get A Home Loan With Bad Credit?
Having bas credit does not dictate you eligibility for a home loan in the UK with LoanPig. We asses your current affordability rather than focussing on your financial past before we make a decision. Simply fill out our easy to follow application process and you could receive a home improvement loan today, even with bad credit.