Home Improvement Loan Calculator
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Home improvement loan calculator
Loan details
Your loan estimate
Monthly payment
$212.47
$10,000
$2,748.23
$12,748.23
07 / 2030
Show amortization schedule
Understanding your home improvement loan calculator results
How do home improvement loans work?
How to get a home improvement loan
- Get a firm cost estimate. Home improvement loans are distributed once in a lump sum, so you won’t be able to draw more or less than the amount you’re approved for. Having a solid idea of your project’s cost will help you know how much to apply for.
- Pre-qualify. Many lenders let you pre-qualify to see potential loan rates, monthly payments and terms. Pre-qualifying requires a soft credit pull, which doesn’t affect your credit score and lets you compare loan offers from multiple lenders. The best loan option costs the least in total interest and has payments that fit your monthly budget.
- Prepare documents. Once you've chosen a lender, gather the documents you need to apply. These can include W-2s, pay stubs and proof of address.
- Apply. Many lenders let you apply for a personal loan online, but some banks or credit unions may require a branch visit. Lenders will run a hard credit check, which can temporarily drop your credit score a few points. Lenders typically notify you of a decision the same day and, if you’re approved, fund the loan within a week.
Home improvement loans with bad credit
Other ways to finance a home improvement project
Home equity loans and lines of credit
Cash-out refinance
Credit cards
Government assistance
Article sources
- 1. Center for Responsible Lending. Unsafe Harbor: The Persistent Harms of High-Cost Lending. Accessed Jun 6, 2025.
- 2. Consumer Financial Protection Bureau. What Is a Debt Relief Program and How Do I Know if I Should Use One?. Accessed Jan 16, 2025.
- 3. Consumer Financial Protection Bureau. What is a payday loan?. Accessed Apr 4, 2025.
- 4. The Pew Charitable Trusts. Payday Loans Cost 4 Times More in States With Few Consumer Protections. Accessed Apr 4, 2025.
- 5. Federal Reserve. Military Lending Act. Accessed Apr 4, 2025.
- 6. Consumer Financial Protection Bureau. Consumer Use of Buy Now, Pay Later and Other Unsecured Debt. Accessed Jan 24, 2025.
- 6. Consumer Financial Protection Bureau. Consumer Use of Buy Now, Pay Later and Other Unsecured Debt. Accessed Jan 27, 2025.
- 8. National Credit Union Administration. Payday Alternative Loans Final Rule. Accessed Apr 17, 2025.
- 9. Consumer Financial Protection Bureau. What are the costs and fees for a payday loan?. Accessed Jun 6, 2025.
- 10. Internal Revenue Service. Canceled debt – Is it taxable or not?. Accessed Apr 1, 2025.
- 11. Experian and Oliver Wyman. Financial Inclusion and Access to Credit. Accessed Jan 23, 2025.
- 3. Consumer Financial Protection Bureau. What is a payday loan?. Accessed Apr 17, 2025.
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