BEST OF

6 Personal Loans for Landscaping Projects

Landscaping loans can help you start your project quickly. Compare lenders and other financing options.

May 2, 2022

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An eye-catching outdoor space can give your home extra curb appeal or make your backyard feel like an escape. While pricing on landscaping projects varies, the larger your job, the more you should plan to spend.

If you need to finance your project, landscaping loans are one option. These are personal loans with fast funding so you can start your project quickly.

Here are lenders that offer personal loans for landscaping. Plus, learn the pros and cons of landscaping loans and compare them with other financing options.

Personal Loans for Landscaping Projects

Our picks for

Landscaping loans

BestEgg
Get rate

on Best Egg's website

Best Egg

4.5

NerdWallet rating 
BestEgg

Est. APR

5.99-35.99%

Loan amount

$2,000-$50,000

Min. credit score

600
Get rate

on Best Egg's website


Min. credit score

600

Key facts

Best Egg offers personal loans for borrowers who want to consolidate debt and need cash fast.

Pros

  • Offers wide range of loan amounts.

  • Provides secured loan option for homeowners.

  • Offers direct payment to creditors with debt consolidation loans.

Cons

  • Charges origination fee.

  • No rate discount for autopay.

Qualifications

  • Minimum credit score: 600; borrower average is 700.

  • Minimum credit history: 3 years and 3 accounts.

  • Minimum income requirement is $3,500; borrower average is $80,000. Borrower must have enough cash flow to cover current financial obligations.

  • Minimum debt-to-income ratio: 40% or 65% including a mortgage; borrower average is 40%.

  • Employment: Must provide proof of income; part-time employees are eligible.

  • Must provide valid U.S. address and Social Security number.

Available Term Lengths

2 to 5 years

Fees

  • Origination fee: 0.99% - 5.99%.

  • Return fee: $15 if payments are not processed.

Disclaimer

*Trustpilot TrustScore as of June 2020. Best Egg personal loans, including the Best Egg Secured Loan, are made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender or Blue Ridge Bank, a Nationally Chartered Bank, Member FDIC, Equal Housing Lender. “Best Egg” is a trademark of Marlette Holdings, Inc., a Delaware corporation. All uses of “Best Egg” refer to “the Best Egg personal loan”, “the Best Egg Secured Loan”, and/or “Best Egg on behalf of Cross River Bank or Blue Ridge Bank, as originator of the Best Egg personal loan,” as applicable. The term, amount, and APR of any loan we offer to you will depend on your credit score, income, debt payment obligations, loan amount, credit history and other factors. Your loan agreement will contain specific terms and conditions. About half of our customers get their money the next day. After successful verification, your money can be deposited in your bank account within 1-3 business days. The timing of available funds upon loan approval may vary depending upon your bank’s policies. Loan amounts range from $2,000– $50,000. Residents of Massachusetts have a minimum loan amount of $6,500 ; New Mexico and Ohio, $5,000; and Georgia, $3,000. For a second Best Egg loan, your total existing Best Egg loan balances cannot exceed $50,000. Annual Percentage Rates (APRs) range from 5.99%–35.99%. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0.99%–5.99% of your loan amount, which will be deducted from any loan proceeds you receive. The origination fee on a loan term 4-years or longer will be at least 4.99%. Your loan term will impact your APR, which may be higher than our lowest advertised rate.  You need a minimum 700 FICO® score and a minimum individual annual income of $100,000 to qualify for our lowest APR. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

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Upgrade
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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 offers personal loans plus credit-building tools; you'll need strong cash flow to qualify.

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.

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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.

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Lending Club
Get rate

on LendingClub's website

LendingClub

5.0

NerdWallet rating 
Lending Club

Est. APR

6.34-35.89%

Loan amount

$1,000-$40,000

Min. credit score

600
Get rate

on LendingClub's website


Min. credit score

600

Key facts

LendingClub is a pioneer of peer-to-peer lending and a good option if you want to consolidate your debt.

Pros

  • Offers joint loan options.

  • Offers direct payment to creditors with debt consolidation loans.

  • Soft credit check with pre-qualification.

  • Option to change the payment date.

Cons

  • Borrowers can choose from two repayment term options only.

  • Charges an origination fee.

Qualifications

  • Minimum credit score: 600.

  • Maximum DTI: 60%; 40% for joint applicants.

  • Minimum credit history: More than 18 months.

  • Minimum number of accounts on credit report: Two revolving accounts.

  • Monthly income after paying other debts and living expenses should be enough to cover the new personal loan payments.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 2% to 6%.

  • Late fee: Greater of $15 or 5% of payment after 15-day grace period.

Disclaimer

A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 7.04% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 7/1/21 and are subject to change without notice. Loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” is a trademark of LendingClub Bank.

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Alliant Personal Loan
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on NerdWallet's secure website

Alliant Personal Loan

4.5

NerdWallet rating 
Alliant Personal Loan

Est. APR

6.24-27.24%

Loan amount

$1,000-$50,000

Min. credit score

None
See my rates

on NerdWallet's secure website


Min. credit score

None

Key facts

Alliant Credit Union’s personal loans come in a wide range of amounts with same-day funding available in most cases.

Pros

  • No origination or prepayment fees.

  • Able to fund loans the same day.

  • Rate discount for autopay.

  • Offers wide range of loan amounts.

Cons

  • No option to pre-qualify.

  • No co-sign or secured loan option.

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

Qualifications

  • Approval is based on payment method, creditworthiness, ability to repay and term.

Available Term Lengths

1 to 5 years

Fees

  • Origination fee: None.

  • Prepayment fee: None.

  • Late fee: Varies.

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RocketLoans
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on NerdWallet's secure website

Rocket Loans

4.0

NerdWallet rating 
RocketLoans

Est. APR

5.97-29.69%

Loan amount

$2,000-$45,000

Min. credit score

640
See my rates

on NerdWallet's secure website


Min. credit score

640

Key facts

Rocket Loans offers online personal loans to borrowers with fair credit and over two years of credit history.

Pros

  • Soft credit check with pre-qualification.

  • Competitive rates among fair-credit lenders.

  • Offers a 0.3 percentage point rate discount for setting up autopay.

  • Able to fund loans the same day.

  • Offers small loans of $2,000.

Cons

  • Charges origination fee.

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

  • No option to choose or change your payment date.

  • Borrowers can choose from only two repayment term options.

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

Qualifications

  • Minimum credit score: 640; borrower average is 710.

  • Minimum credit history: Over two years.

  • Minimum annual income: $24,000; borrower average is $85,000.

  • Maximum debt-to-income ratio: 40% or 70% including mortgage; borrower average is 14%.

  • Must be at least 18 years old (19 in Alabama and Nebraska).

  • Must provide Social Security number.

Available Term Lengths

3 to 5 years

Fees

  • Origination fee: 1% to 6%.

  • Late fee: $15 after 10-day grace period.

  • Unsuccessful payment fee: $15.

Disclaimer

All personal loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. Please refer to our Disclosures and Licenses page for state required disclosures, licenses, and lending restrictions. Borrower must be a U.S. citizen or permanent U.S. resident alien at least 18 years of age (in Nebraska and Alabama a borrower must be at least 19 years of age). All loan applications are subject to credit review and approval. Offered loan terms depend upon your credit profile, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit, meet certain conditions, and select autopay. Rates and Terms are subject to change at any time without notice. Please refer to RocketLoans.com and our Terms of Use for additional terms and conditions.

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How much does a loan for landscaping cost?

Adding plants, like flowers and shrubs costs $1,325 to $5,660, while a new patio or pathway can cost $1,922 to $5,467, according to home improvement website HomeAdvisor.

To determine the cost of a landscaping loan, you need to know how much you’re going to borrow, the loan’s annual percentage rate and its repayment term.

APRs for landscaping loans are between 6% and 36%, and repayment terms can be two to seven years. Your rate and loan amount are based on information like your credit and income. The lowest rates often go to borrowers with high credit scores, strong income and little existing debt.

A $5,000 landscaping loan with a 6% APR repaid over two years would cost $5,318. The same loan with a 36% APR would cost $7,086.

Once you know the loan amount, calculate your monthly payments to see whether a personal loan is an affordable option.

Pros and cons of landscaping loans

Pros

  • Fast funding. Some lenders can fund a loan as quickly as the business day after you apply. You typically won’t wait more than a week to receive funds.

  • Fixed payments. Personal loans have fixed interest rates and are repaid in predictable, fixed monthly installments. You know exactly what you owe each month and when the loan will be repaid.

  • Easily compare offers. Many lenders let you pre-qualify for a personal loan to see your potential rate, term and loan amount before you formally apply. Pre-qualifying doesn’t impact your credit score.

Cons

  • High rates. Personal loan APRs are often higher than other financing options like home equity loans and lines of credit.

  • No tax benefits. Interest on personal loan payments isn’t tax-deductible. If you use home equity to pay for a home improvement project, you might be able to deduct the interest.

  • High borrower standards. Lenders typically favor borrowers with strong credit and high income. While some lenders accept bad credit, rates can be high.

How to get a loan for your landscaping project

Here are four steps to getting a landscaping loan with the best rates and features for your project.

  1. Check your credit. Comb through your credit report for any errors before you apply. You can get a free copy of your report at annualcreditreport.com. Address any issues, like delinquent accounts, before a lender reviews your credit.

  2. Compare lenders. Decide which loan features are important to you, like fast funding, a mobile app to manage your loan, an autopay discount or low rates. Then, find the lender that can offer them. Pre-qualify with multiple lenders to feel confident you're getting the best rate and terms available.

  3. Gather documents. Many lenders require at least income verification, some form of identification and verification of address. Gather pay stubs, W-2s, utility bills or a copy of your lease and your Social Security number before you apply to expedite the process.

  4. Apply. Many lenders say an application takes a few minutes to complete, though a local bank or credit union may require you to visit a branch to apply. In most cases, lenders say they can fund an approved loan within a week of application.

Landscaping loan alternatives

Cash

Before you apply for financing, consider whether you can save up and pay for the project with cash. This is the interest-free (and therefore the cheapest) way to pay for new landscaping.

Credit cards

High interest rates on most credit cards make them expensive financing options for high-priced updates. But for smaller DIY projects that require some shopping, the plastic in your pocket might do the trick. A credit card for home improvements can help you avoid interest or earn rewards.

Credit cards with perks are often reserved for borrowers with good or excellent credit scores. Paying off your balance each month can help you build credit. But if your purchases bring you too close to the card’s limit, your credit utilization will go up and your credit score could drop.

Here are three credit card options for DIY and small outdoor projects:

  • Use a 0% APR card when you feel confident that you can pay off the balance during the promotional period — typically 15 to 18 months. If you can’t pay the card’s balance by the end of the introductory period, you’ll pay the card's regular APR.

  • A rewards card can get you cash back or other perks when you make certain types of purchases. Some cards have rewards specifically for home improvement purchases. Try to avoid carrying a balance or the interest you end up paying could offset the rewards.

  • Store credit cards can reward you for buying most of your landscaping supplies from one store. Store cards’ lower credit requirements make them more accessible to fair-credit customers. You may be limited to using store credit cards at the store that issues them.

HELOC or home equity loan

Home equity loans and lines of credit have lower rates and longer repayment terms than personal loans and require you to use your home as collateral.

Here are a few things to know about using your home equity to pay for your upcoming project.

  • Collateral: With both options, you use your home as collateral to borrow from your equity. This helps to keep rates low, but it means a lender can take your home if you fail to repay.

  • Tax benefits: You can write off the interest you pay on a HELOC or home equity loan if you use them to finance a home improvement project. The tax benefits are the same for both products, and they aren’t available for personal loans or credit cards.

  • Cost: The long terms on HELOCs and home equity loans — typically 10 or more years — also keep their rates lower than personal loans. If your renovation is small, it may not be worth the potential costs and effort of appraisal and underwriting.

Compare home equity loans and HELOCs to decide which is best for your landscaping project.

Last updated on May 2, 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 for Landscaping Projects