BEST OF

7 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.

Apr 21, 2022

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Remodeling your bathroom can give your home a fresh feeling, whether you’re updating an old guest bath or turning your main bathroom into an in-home spa. But renovations rarely come cheap.

The cost to remodel a bathroom ranges from several thousand dollars to well over $20,000. An unsecured personal loan is one financing option you can use, particularly if you don't have enough in savings or home equity.

Compare lenders that offer bathroom remodel loans, learn common loan features and how to weigh alternatives.

Personal Loans to Finance Your Bathroom Remodel

Our pick for

Co-signed bathroom remodel loans

SoFi
Get rate

on SoFi's website

SoFi

5.0

NerdWallet rating 
SoFi

Est. APR

6.99-22.28%

Loan amount

$5,000-$100,000

Min. credit score

680
Get rate

on SoFi's website


Min. credit score

680

Key facts

SoFi offers high loan amounts and perks for borrowers like unemployment protection and the option to change your payment date.

Pros

  • No fees.

  • Offers co-sign loan options.

  • Offers 0.25 percentage point rate discount for setting up autopay.

  • Offers unemployment protection.

  • Provides mobile app to manage your loan.

Cons

  • No secured or joint loan option.

  • High minimum loan amount.

Qualifications

  • Must legally be an adult in your state.

  • Must be a U.S. citizen, permanent resident or visa holder.

  • Must be employed, have sufficient income or have an offer of employment to start within the next 90 days.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: None.

  • Late fee: None.

Disclaimer

Fixed rates from 6.99% APR to 22.28% APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 5/12/22 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

Read Full Review

Our pick for

Bathroom remodel loans with no fees

Marcus by Goldman Sachs
Get rate

on Goldman Sachs's website

Marcus by Goldman Sachs

5.0

NerdWallet rating 
Marcus by Goldman Sachs

Est. APR

6.99-19.99%

Loan amount

$3,500-$40,000

Min. credit score

660
Get rate

on Goldman Sachs's website


Min. credit score

660

Key facts

Marcus offers low rates to borrowers with excellent credit. Low loan amounts make this lender a good choice for smaller projects.

Pros

  • No fees.

  • Wide variety of repayment term options.

  • Offers 0.25 percentage point rate discount for setting up autopay.

  • Offers direct payment to creditors for debt consolidation loans.


Cons

  • No co-sign, joint or secured loan option.

Qualifications

  • Minimum credit score: 660 FICO.

  • May need to provide proof of income, including recent pay stubs or bank statements.

  • May need to provide Social Security number, Individual Tax ID number or a photo ID.

Available Term Lengths

3 to 6 years

Fees

  • Origination fee: None.

  • Late fee: None.

Disclaimer

Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans). Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions. Receive a 0.25% APR reduction when you enroll in AutoPay. This reduction will not be applied if AutoPay is not in effect. When enrolled, a larger portion of your monthly payment will be applied to your principal loan amount and less interest will accrue on your loan, which may result in a smaller final payment. See loan agreement for details.

Read Full Review

Our pick for

Bathroom remodel loans with credit building tools

Upgrade
Get rate

on Upgrade's website

Upgrade

5.0

NerdWallet rating 
Upgrade

Est. APR

5.44-35.47%

Loan amount

$1,000-$50,000

Min. credit score

560
Get rate

on Upgrade's website


Min. credit score

560

Key facts

Upgrade provides borrowers with financial education resources, like free credit score monitoring, so borrowers can build credit as they repay the loan.

Pros

  • Allows secured and joint loans.

  • Offers a wide range of repayment terms.

  • Offers 0.5 percentage point rate discount for setting up autopay.

  • Offers significant rate discount for checking account customers.

  • Offers rate discount with direct payment to creditors on debt consolidation loans.

Cons

  • Charges origination fee.

  • No co-signed loan option.

Qualifications

  • Minimum credit score: 560; borrower average is 678.

  • Minimum annual income: None; borrower average is $78,000.

  • Minimum number of accounts on credit history: Two accounts.

  • Maximum debt-to-income ratio: Less than or equal to 75%, including mortgage and calculating in your new personal loan.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: 2.9% to 8%.

Disclaimer

Personal loans made through Upgrade feature APRs of 5.44%-35.47%. All personal loans have a 2.9% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 17.98% APR (which includes a 14.32% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $343.33. Over the life of the loan, your payments would total $12,359.97. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's lending partners. Information on Upgrade's lending partners can be found at https://www.upgrade.com/lending-partners/. Accept your loan offer and your funds will be sent to your bank or designated account within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes the transaction. From the time of approval, funds should be available within four (4) business days. Funds sent directly to pay off your creditors may take up to 2 weeks to clear, depending on the creditor.

Read Full Review

Our pick for

Bathroom remodel loans with low rates

Lightstream
Get rate

on LightStream's website

LightStream

5.0

NerdWallet rating 
Lightstream

Est. APR

4.99-19.99%

Loan amount

$5,000-$100,000

Min. credit score

660
Get rate

on LightStream's website


Min. credit score

660

Key facts

LightStream targets strong-credit borrowers with no fees and low rates that vary based on loan purpose.

Pros

  • No fees.

  • Competitive rates among online lenders.

  • Offers 0.5 percentage point rate discount for setting up autopay.

  • Special features including rate beat program and satisfaction guarantee.

Cons

  • No option to pre-qualify on its website.

  • Requires several years of credit history.

  • Does not offer direct payment to creditors with debt consolidation loans.

Qualifications

  • Minimum credit score: 660.

  • Several years of credit history.

  • Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage.

  • Strong payment history with few or no delinquencies.

  • Investments, retirement savings or other evidence of an ability to save money.

  • Enough income to pay existing debts and a new LightStream loan.

Available Term Lengths

2 to 7 years

Fees

  • Origination fee: None.

  • Late fee: None.

Disclaimer

Rates quoted are with AutoPay. Your loan terms are not guaranteed and may vary based on loan purpose, length of loan, loan amount, credit history and payment method (AutoPay or Invoice. AutoPay discount is only available when selected prior to loan funding. Rates without AutoPay are 0.50% points higher. To obtain a loan, you must complete an application on LightStream.com which may affect your credit score. You may be required to verify income, identity and other stated application information. Payment example: Monthly payments for a $25,000 loan at 4.98% APR with a term of 20 years would result in 240 monthly payments of $164.71. Some additional conditions and limitations apply. Advertised rates and terms are subject to change without notice. Truist Bank is an Equal Housing Lender. © 2022 Truist Financial Corporation. Truist, LightStream, and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Read Full Review

Our pick for

Bathroom remodel loans for low credit scores

Universal Credit
Get rate

on Universal Credit's website

Universal Credit

4.5

NerdWallet rating 
Universal Credit

Est. APR

8.93-35.43%

Loan amount

$1,000-$50,000

Min. credit score

560
Get rate

on Universal Credit's website


Min. credit score

560

Key facts

A Universal Credit loan is an option for bad-credit borrowers with high debt-to-income ratios, but rates are high compared to similar lenders.

Pros

  • Offers rate discount with direct payment to creditors on debt consolidation loans.

  • Option to change your payment date.

  • Offers free credit score access.

  • Offers a 0.5 percentage point rate discount for setting up autopay.

Cons

  • Charges origination fee.

  • No co-sign, joint or secured loan option.

Qualifications

  • Minimum credit score: 560.

  • Minimum number of accounts on credit history: 2 accounts.

  • Maximum debt-to-income ratio: 75%, including mortgage and the loan you’re applying for.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 4.25% to 8%.

  • Late fee: Up to $10.

Disclaimer

Personal loans made through Universal Credit feature APRs of 8.93%-35.93%. All personal loans have a 4.25% to 8% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. For example, if you receive a $10,000 loan with a 36-month term and a 27.65% APR (which includes a 22.99% yearly interest rate and a 6% one-time origination fee), you would receive $9,400 in your account and would have a required monthly payment of $387.05. Over the life of the loan, your payments would total $13,933.62. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.

Read Full Review

Our pick for

Bathroom remodel loans for bank customers

Wells Fargo Personal Loan
See my rates

on NerdWallet's secure website

Wells Fargo Personal Loan

4.5

NerdWallet rating 
Wells Fargo Personal Loan

Est. APR

5.74-19.99%

Loan amount

$3,000-$100,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Low rates and perks for existing customers make Wells Fargo a good choice if you already bank there and need a large loan.

Pros

  • No origination or prepayment fee.

  • Joint loan option.

  • Offers wide range of loan amounts and repayment terms.

  • Rate discount for autopay.

  • Able to fund loans on same or next business day.

Cons

  • No option to pre-qualify.

  • Some features only available to existing customers.

Qualifications

  • Must provide personal and contact information.

  • Must provide employment and income information; documentation may be required to verify this information.

  • Must provide desired term and amount to borrow.

Available Term Lengths

1 to 7 years

Fees

  • Origination fee: None.

  • Late fee: $39.

Read Full Review

Our pick for

Bathroom remodel loans for credit union members

PenFed Credit Union Personal Loan
See my rates

on NerdWallet's secure website

PenFed Credit Union Personal Loan

5.0

NerdWallet rating 
PenFed Credit Union Personal Loan

Est. APR

4.99-17.99%

Loan amount

$600-$50,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

PenFed offers a wide range of personal loan amounts with low rates and minimal fees, and borrowers can pre-qualify.

Pros

  • Soft credit check with pre-qualification.

  • No origination or prepayment fees.

  • Offers joint and secured loan options.

  • Offers mobile app to manage your loan.

Cons

  • No discount for autopay.

  • Does not offer direct payment to creditors with debt consolidation loans.

  • No option to choose or change your payment date.

Qualifications

  • Minimum credit history: Two years.

  • Debt-to-income ratio: Below 55%.

Available Term Lengths

1 to 5 years

Fees

  • Late fee: $29

  • Returned payment fee: $30

  • Membership fee: $5

Disclaimer

Personal Loan rates range from 5.49% to 17.99% APR.Rates and offers current as of May 2022 and are subject to change.* Your actual APR will be determined at the time of disbursement and will be based on your creditworthiness, which includes an evaluation of your credit history and the length of your PenFed membership. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history. Other eligibility requirements may apply. Loan Payment Example: A $50,000 personal loan financed at 5.49% APR would amount to 60 monthly payments of approximately $954.83 each.Loan amount determines rate and term. All loans are subject to a minimum monthly payment of $50.Insured by NCUA. To receive any advertised product, you must become a member of PenFed. Equal Housing Lender.

Read Full Review

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 $24,424, according to Remodeling magazine’s 2021 Cost vs. Value report. A more extensive “upscale” project costs an average of $75,692.

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 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 financial situation. Borrowers with good or excellent credit (above 689 on the FICO scale) and low debt are likely to get the best rates.

  • Funding is fast. Some 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 most home equity financing.

  • You get the money in one lump sum. Have a solid estimate of the project’s cost, so you can apply for the loan 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 bathroom remodel 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 18 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 April 21, 2022

Methodology

NerdWallet’s review process evaluates and rates personal loan products from more than 35 financial institutions. We collect over 45 data points from each lender, interview company representatives and compare the lender with others that seek the same customer or offer a similar personal loan product. 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. 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.

This methodology applies only to lenders that cap interest rates at 36%, the maximum rate most financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. 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

Frequently asked questions