You need income proof, employment proof, ID, bank details and address verification. Employment stability is important too. Hence, don’t switch jobs before applying for the loans.
Are you planning for a home upgrade but worried about the funds? Emptying your savings is not a wise solution. Instead, you need to find an additional source of money. What will it be? Consider an affordable home improvement loan.
Home refurbishment or renovation is the second most popular reason for taking a loan in the UK. This is why these loans accounted for 9.7% of all borrowing last year, and this share will increase in 2026, too.
Whether you want to expand your space, plan a new kitchen, or remodel your living room, home renovation loans can fund your needs.
Cashfacts provides you fair and budgetary loan deals. These include:
Get a loan quote now without a hard search or any impact on your credit record. The home improvement loans in London have got your back for all your small and large financial requirements.
A home improvement loan is a short-term loan or mid-term borrowing option you can use to avail funds for home repairs, upgrades and renovations.
The loan is repaid over 12 to 84 months. It usually involves fixed instalments. You can access a lump-sum loan amount based on your repayment ability.
The loans are considered an affordable option compared to using your credit cards. A fair comparison here reveals how property renovation loans are usually considered a worthy choice.
Home improvement loans vs. personal loans Vs credit card
You may feel confused about the right borrowing option for home improvement. Before you apply for a home improvement loan online in the UK, this comparison will help you know which option is better.
| Home improvement loans | Personal loans | Credit Cards |
|---|---|---|
| Specialised loans for home renovation, repairs and upgrades. | You can use funds for any purpose, from home repairs to holiday trips. | Can be used for any purpose without any constraint |
| Between 3.9% to 23%. Negotiable rates if you provide a clear break-up of expenses. | Between 6% and 29%, with little negotiation, as there is no specific reason. | 18%–40% and work through compound interest mode. |
| Higher loan amount, as the loans are designed for specific purposes. | Typically, a lower amount is available for low to mid-term requirements. | Lower credit limit, suitable for one-time purchase or small purchase. |
| Can be unsecured or secured, depending on the project's size | Generally, unsecured, as the loan amount limit is not suitable for larger projects. | Higher costs that keep increasing if you miss a payment or pay late. |
Your personal savings should not be used for a single purpose only, as other financial emergencies, such as medical needs, can arise. As an alternative, you can borrow directly from the lender after comparing home improvement loans online.
A wise borrowing decision can save you a huge amount of money while dealing with either of these purposes:
There are mainly two types of loans, unsecured and secured. However, online loans are typically unsecured. They cover a large number of home modernisation purposes. Know here the difference between them.
| Criteria | Unsecured loans | Secured loans |
|---|---|---|
| Collateral | Never required | Usually, home or property is used. |
| Loan amount | Lower loan amount as per repayment ability | Higher amount as per collateral and repayment ability |
| Repayment period | 1 to 7 Years | 3 to 30 years |
| Risk for borrower | No risk to property or assets in case of default | You may lose property if you default |
| Best suited for | Smaller renovation needs or repairs. | Large-scale home improvements. |
Are you searching for “home improvement loans near me in Birmingham”? Cashfacts can offer a special lower rate depending on your affordability.
The online loan process is straightforward and needs no collateral. Approval decision is based on your recent repayment ability and employment stability.
Follow the steps given below and avail funds while sitting at home.
Online loan application
Apply online and provide details of income, employment and credit history.
A mild credit check
We perform a soft credit check and verify your details online. It will not impact your credit score.
Quick loan decision
Get an instant approval decision, as no collateral is involved to verify its value. Subsequently, you receive a loan offer.
Go through the loan agreement
Read the loan agreement carefully and provide your consent.
Fund transfer
Receive funds in your bank account through an electronic transfer.
Yes, you can get remodelling loans despite a poor credit score. However, there are pre-approved conditions based on your high-risk profile. We usually keep the loans affordable. It allows you to get the best home improvement loans for bad credit in the UK.
| Loan options for people with poor credit | Features |
|---|---|
| Bad Credit Loans |
|
| Secured loans |
|
| Guarantor loans |
|
With little effort, you can get home extension loans where bad credit is accepted, i.e. between 0-720. Here are our experts’ suggestions:
Check credit report: Make sure your report is error-free. With an already poor credit score, incorrect information will lower your approval chances. For example, a paid bill that still shows pending is not good.
Use a specialist lender: Traditional lending is usually time-consuming, especially if you need instant funding. Choose an online lender that makes a fast decision on your affordability.
Use eligibility checkers: Always check your eligibility before applying to a lender to avoid an unnecessary hard credit check. Never trust deals mentioning home improvement loans with no credit check.
Check repayment ability: Know the size of the instalment you can afford to repay using a loan calculator. Enter the basic details, including the required loan amount, and you will get an idea of the instalment amount, tenure, and APR.
Make a realistic repayment budget: Plan your repayments to determine whether you can afford to pay instalments alongside other expenses. It helps with timely loan payments and improves credit score.
Here are some suggestions to get a housing improvement loan at a lower interest rate. The pragmatic suggestions below are useful whether you apply from Manchester for home renovation loans or from any other city.
Typically, the APR ranges from 3.9% to 23%, reflecting the varied credit profiles of applicants. If you have higher credit score, you may get lower interest rate. Similarly, the lower the score, the higher the APR. But with strong affordability, you can surely get an affordable deal.
The same APR range applies regardless of purpose. Whether you apply for quick home renovation loans for kitchen renovations, garage extensions, or front lawn remodelling, the same rate range applies.
Cashfacts offers borrower-friendly loan features that you can utilise as per your financial needs. We focus more on the current financial status and not on past financial issues. It helps us promise low-interest home improvement loans in 2026, based on your affordability.
As the entire application process is online, all fees, including the APR, are disclosed upfront. Transparency is essential, and we maintain it as a responsible lender.
You may feel confused about the right borrowing option for home improvement. Before you apply for a home improvement loan online in the UK, this comparison will help you know which option is better.
| Features | Home improvement loans | Personal loans |
|---|---|---|
| Purpose | Specialised loans for home renovation, repairs and upgrades. | You can use funds for any purpose, from home repairs to holiday trips. |
| Typical APR | Between 3.9% to 23%. Negotiable rates if you provide a clear break-up of expenses. | Between 6% and 29%, with little negotiation, as there is no specific reason. |
| Loan amount | Higher loan amount, as the loans are designed for specific purposes. | Typically, a lower amount is available for low to mid-term requirements. |
| Security | Can be unsecured or secured, depending on the project's size | Generally, unsecured, as the loan amount limit is not suitable for larger projects. |
No, it is not about creating a hype. We have several potential reasons to prove our worth as the best choice for the. Let us explain those reasons here.
Where do you need us? We are right there. Look for the “home improvement finance near me in Leeds” or anywhere else. Find us there to help you with speedy approval decisions. Hence, we are eager to serve you as well with our best customised deals.
Let’s plan your budget for your property upgrade needs and increase its value.
You need income proof, employment proof, ID, bank details and address verification. Employment stability is important too. Hence, don’t switch jobs before applying for the loans.
We offer support via online chat, phone, and e-mail for account management, charges, or any changes to repayment plans. Our customer care executives troubleshoot within the minimum possible timeframe. Even if you are residing in Glasgow, bad credit home loans for renovation can be managed with our proper support.
The loans typically offer £1,000 to £50,000, depending on the loan applicant's repayment ability. Besides, other factors, such as the fund seeker's credit score, employment stability, and lending policies, also determine the loan amount.
Typically, lenders need you to own your home. Several loan companies allow tenants to obtain home improvement loans, provided the landlord's consent. We can also consider the same.
The cheap home renovation financing is designed to offer lower rates. But, affordability depends on your credit purchasing power. Timely repayments are mandatory for refining your credit scores.
If you want a loan quote, we perform a soft check to ensure an affordable loan for you. Later, a detailed credit check can be conducted once the formal application process begins.
Contact your lender and request a change to the repayment schedule. Several lenders offer this facility as a major repayment feature. Direct lending is known for its flexible policies. Inform on time and get a new repayment plan.
This totally depends on the lender's policies and your repayment ability. Several online loan providers allow taking multiple loans if the previous one is paid in full, up to a specific limit. However, we suggest you avoid this practice as it may harm your credit score.
Yes, we do.
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