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8 Personal Loans to Finance Your Bathroom Remodel

Personal loans offer fast financing for bathroom remodeling projects. Compare lenders and alternatives to find the financing method that fits your needs.

Annie Millerbernd
By
Last updated on December 15, 2023
Edited by
✅ Fact checked and reviewed
Kim Lowe
Edited by
✅ Fact checked and reviewed

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Limited-Time Offer

EXCLUSIVE OFFER
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Don't miss out on a better rate

Get a 0.50% discount on your next loan from SoFi, NerdWallet's 2024 Best Personal Loan winner. Offer expires 4/30/24. Click on "View details" for offer terms*.

SoFi

SoFi Personal Loan

SoFi
5.0
NerdWallet rating
Est. APR
8.99-29.99%
Get a 0.50% discountLimited-time offer
Loan amount
$5K-$100K
Min. credit score
None
on SoFi's website
View details

Personal Loans to Finance Your Bathroom Remodel

Lender
NerdWallet Rating
Est. APR
Loan amount
Min. credit score
Learn more

Limited-Time Offer

SoFi

SoFi Personal Loan

Top 3 most visited 🏆
Visit Lender
on SoFi's website
on SoFi's website
Read Review
on NerdWallet
on NerdWallet
Best for Joint bathroom remodel loans
Rate discount

8.99-29.99%

Get a 0.50% discountLimited-time offer

$5,000-$100,000

None

Upgrade

Upgrade

Check Rate
on NerdWallet
on NerdWallet
5.0
/5
Best for Bathroom remodel loans with credit building tools
Rate discount

8.49-35.99%

$1,000-$50,000

560

Navy Federal Credit Union Personal Loan

Navy Federal Credit Union Personal Loan

Check Rate
on NerdWallet
on NerdWallet
5.0
/5
Best for Bathroom remodel loans for credit union members

7.49-18.00%

$250-$50,000

None

Lightstream

LightStream

Visit Lender
on LightStream's website
on LightStream's website
4.5
/5
Best for Online bathroom remodel loans with low rates
Rate discount

7.99-25.49%

$5,000-$100,000

660

Wells Fargo Personal Loan

Wells Fargo Personal Loan

4.5
/5
Best for Bathroom remodel loans for bank customers

7.49-23.74%

$3,000-$100,000

None

BestEgg

Best Egg

4.5
/5
Best for Secured bathroom remodel loans
Secured loans
Wide range of loan amounts

8.99-35.99%

$2,000-$50,000

600

Upstart

Upstart

4.5
/5
Best for Bathroom remodel loans for thin credit
Fast funding
Flexible payments

7.80-35.99%

$1,000-$50,000

None

Achieve

Achieve Personal Loans

4.5
/5
Best for Flexible bathroom remodel loans
Rate discount

8.99-35.99%

$5,000-$50,000

620

Our pick for

Joint bathroom remodel loans

Limited-Time Offer

EXCLUSIVE OFFER
AD
Don't miss out on a better rate

Get a 0.50% discount on your next loan from SoFi, NerdWallet's 2024 Best Personal Loan winner. Offer expires 4/30/24. Click on "View details" for offer terms*.

SoFi
Visit Lender
on SoFi's website
on SoFi's website
Read Review
on NerdWallet
on NerdWallet
SoFi

SoFi Personal Loan

5.0
Est. APR

8.99-29.99%

Get a 0.50% discountLimited-time offer
Loan amount

$5,000-$100,000

Min. credit score

None

Our pick for

Bathroom remodel loans with credit building tools

Upgrade
Upgrade

Upgrade

Est. APR

8.49-35.99%

Loan amount

$1,000-$50,000

Min. credit score

560

Our pick for

Online bathroom remodel loans with low rates

Lightstream
Lightstream

LightStream

4.5
Est. APR

7.99-25.49%

Loan amount

$5,000-$100,000

Min. credit score

660

Our pick for

Bathroom remodel loans for bank customers

Wells Fargo Personal Loan
Wells Fargo Personal Loan

Wells Fargo Personal Loan

Est. APR

7.49-23.74%

Loan amount

$3,000-$100,000

Min. credit score

None

Our pick for

Bathroom remodel loans for credit union members

Navy Federal Credit Union Personal Loan
Navy Federal Credit Union Personal Loan

Navy Federal Credit Union Personal Loan

Est. APR

7.49-18.00%

Loan amount

$250-$50,000

Min. credit score

None

Our pick for

Secured bathroom remodel loans

BestEgg
BestEgg

Best Egg

Est. APR

8.99-35.99%

Loan amount

$2,000-$50,000

Min. credit score

600

Our pick for

Bathroom remodel loans for thin credit

Upstart
Upstart

Upstart

Est. APR

7.80-35.99%

Loan amount

$1,000-$50,000

Min. credit score

None

Our pick for

Flexible bathroom remodel loans

Achieve
Achieve

Achieve Personal Loans

Est. APR

8.99-35.99%

Loan amount

$5,000-$50,000

Min. credit score

620

» MORE: Best home improvement loans

What is a bathroom remodel loan?

A bathroom remodel loan is a personal loan you get in a lump sum and repay, with interest, in monthly installments.

These loans are unsecured, meaning they aren’t backed by collateral. Rates are 6% to 36% and loan amounts can be $1,000 to $100,000. The rate and amount you’re approved for depend on your credit, income and other debts.

How much does it cost to finance a bathroom remodel?

The average cost for a midrange bathroom remodel is $24,606, according to Remodeling magazine’s 2023 Cost vs. Value report. A more extensive “upscale” project costs an average of $76,827.

If you finance the remodel, you’ll also pay interest. Interest costs are determined by the loan’s annual percentage rate and the repayment term. Personal loans have terms from about two to seven years. A loan with a longer term will have lower monthly payments but cost more in total interest.

Bathroom remodel loan example

Say you get a $30,000 bathroom remodel loan at 12% APR. Here’s what you’d pay each month and in total with two different repayment terms.

Four-year repayment term:

  • Monthly payments: $790.

  • Total amount repaid: $37,921.

Seven-year repayment term:

  • Monthly payments: $530.

  • Total amount repaid: $44,485.

What to know about bathroom remodel loans

  • Borrowers with good to excellent credit get the lowest rates. The rate you receive on a personal loan depends primarily on your credit and finances. Borrowers with good or excellent credit (a score above 689) and low debt are likely to get the best rates.

  • Funding is fast. Many online lenders can fund a loan within a day or two of approval. You typically won’t wait more than a week to get the funds, which is faster than home equity financing.

  • You get the money in one lump sum. Have a solid estimate of the project’s cost before you shop for a personal loan so you can apply for the amount you need.

  • The loan isn’t secured by your home. Unlike a home equity loan or line of credit, unsecured personal loans don’t require you to pledge your home — or anything else — as collateral.

  • You repay in fixed installments. Personal loans have fixed rates, which means your monthly payments are the same for the duration of the loan, and you can budget accordingly.

How to get a personal loan for a bathroom remodeling project

  1. Compare lenders. The most important features to compare on personal loans are the APR and monthly payments. But other features, like fast funding or the ability to manage payments on a mobile app, may alleviate some stress during the bathroom remodel.

  2. Pre-qualify. Many online lenders and some banks allow you to pre-qualify for a personal loan online, so you can see your potential loan amount and rate without affecting your credit score. Pre-qualify with multiple lenders to find the best offer.

  3. Prepare documents. Once you’ve got a solid quote from the contractor, get ready to apply for a loan. Gather documents like W-2s, pay stubs, bank statements and other required information to help the application process move smoothly.

  4. Apply. When you submit your application, the lender will do a hard credit check, which will cause your score to dip. Most lenders take a day or two to make a decision.

Other ways to finance your bathroom remodel

Home equity loan

A home equity loan is a second mortgage you borrow in a lump sum and repay in monthly installments. Rates are fixed and usually lower than personal loan rates, and repayment terms are up to 15 years.

A home equity loan is best if:

  • You can borrow enough to cover the bathroom remodel.

  • You have a firm cost estimate.

  • You don’t mind using the home as collateral.

  • You want to begin rebuilding equity immediately through payments.

  • You can wait for the underwriting and possible appraisal process to be complete.

Home equity line of credit

A HELOC is an open credit line that you draw on as you need it during the initial draw period, which usually lasts 10 years. Then, you repay it at a variable interest rate over a term lasting up to 20 years.

A HELOC is best if:

  • You can borrow enough to cover the bathroom remodel.

  • You want extra funds available for surprise expenses, or you don’t have a firm cost estimate.

  • You don’t mind using the home as collateral.

  • You can manage fluctuating payments within your budget.

  • You can wait for the underwriting and possible appraisal process to be complete.

Cash-out refinance

With a cash-out refinance, you get a new mortgage that’s larger than your existing loan. You use the new mortgage to pay off the old one, and “cash out” the rest of the money. That extra money becomes your bathroom remodel loan.

Cash-out refinancing is best if:

  • You can get a lower mortgage rate than your existing rate.

  • You don’t mind using the home as collateral.

  • The cash you have left will be enough to pay for the remodel after an appraisal and closing costs.

  • You have time for the underwriting, appraisal and closing process.

Nerdy tip: If you finance a home improvement project with equity, you’re usually able to deduct the interest on your taxes.

0% APR credit cards

0% APR credit cards have promotional periods — usually 15 to 21 months — when you can use them without incurring any interest. These cards work well for DIY remodels.

A 0% APR credit card is best if:

  • You qualify, which usually means having good or excellent credit.

  • You can pay off the card by the end of the promotional period (to avoid paying the regular APR).

  • You aren’t using a contractor who charges a fee for using a credit card.

Government programs

You can use an FHA Title 1 loan for remodels that improve the livability and usefulness of the home, according to the Department of Housing and Urban Development.

Government programs are best if:

Last updated on December 15, 2023

Methodology

NerdWallet’s review process evaluates and rates personal loan products from more than 35 technology companies and financial institutions. We collect over 50 data points from each lender and cross-check company websites, earnings reports and other public documents to confirm product details. We may also go through a lender’s pre-qualification flow and follow up with company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.

Our star ratings award points to lenders that offer consumer-friendly features, including: soft credit checks to pre-qualify, competitive interest rates and no fees, transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to credit bureaus and financial education. Our ratings award fewer points to lenders with practices that may make a loan difficult to repay on time, such as charging high annual percentage rates (above 36%), underwriting that does not adequately assess consumers’ ability to repay and lack of credit-building help. We also consider regulatory actions filed by agencies like the Consumer Financial Protection Bureau. We weigh these factors based on our assessment of which are the most important to consumers and how meaningfully they impact consumers’ experiences.

NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodologies for personal loans and our editorial guidelines.

To recap our selections...

NerdWallet's Personal Loans to Finance Your Bathroom Remodel

  • SoFi Personal Loan: Best for Joint bathroom remodel loans
  • Upgrade: Best for Bathroom remodel loans with credit building tools
  • LightStream: Best for Online bathroom remodel loans with low rates
  • Wells Fargo Personal Loan: Best for Bathroom remodel loans for bank customers
  • Navy Federal Credit Union Personal Loan: Best for Bathroom remodel loans for credit union members
  • Best Egg: Best for Secured bathroom remodel loans
  • Upstart: Best for Bathroom remodel loans for thin credit
  • Achieve Personal Loans: Best for Flexible bathroom remodel loans

Frequently asked questions

  • You can finance a bathroom remodel using a home improvement loan, home equity loan, home equity line of credit or credit cards. The best option depends on things like how much equity you have, how much you want to spend and your credit score.

  • The cost to remodel a bathroom varies depending on what your project entails. The average cost ranges between $24,606 and $76,827, according to Remodeling magazine’s 2023 Cost vs. Value report.

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