Finance a home improvement project

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Fund your home projects quickly and easily

Average home improvement loan $9,930.96** | 3 & 5 year terms2 | 5.22% - 35.99%2
cover unexpected home expenses
Cover Unexpected Home Expenses
A broken furnace or roof repairs can’t always wait
renovate your abode
Renovate Your Abode
Remodel a kitchen, add solar panels or update that dated bathroom
save money compared to credit card rates
Lower Rate
10% lower rates than traditional models.3
fast and easy application process
Fast and Easy Process
99% of applicants get money just 1 business day after accepting their loans.4

Home improvement FAQ


What is a home improvement loan?

Home improvement loans are unsecured personal loans that provide you with the financial resources upfront to fund your next home improvement project. While most loans through Upstart are unsecured, certain credit unions may place a lien on other accounts you hold with the same institution. It is important to review your promissory note for these details before accepting your loan.


What are some of my other options?

A home equity loan and a home improvement loan are similar in that both can offer a fixed interest rate and a lump sum disbursement.

However, the biggest difference with home equity loans (also called a “second mortgage”) is that it uses the equity in your home as collateral if you default on the loan. Home equity loans also generally offer a longer repayment term.

A home improvement loan, on the other hand, doesn’t rely on your home’s built-up equity. The maximum term year is shorter; for example, the maximum Upstart powered home improvement loan term is five years.


What are the benefits of a home improvement loan?

If you have little to no equity in your home, but would like to fund a home improvement project, a personal loan offers competitive interest rates compared to using credit cards. And since the nature of the loan is installment-based, your monthly payments are never a surprise.

Whether you’re planning a home improvement project or are faced with an emergency repair, you can receive funds for an approved home improvement loan in as fast as one business day.4


How can I use a home improvement loan?

There are a number of ways to use a home improvement loan. Many homeowners use this type of loan to increase the value of their home through updates and repairs, like:

  • Kitchen remodeling
  • Bathroom additions
  • Expanding a room
  • Building a guest house
  • Repairing a deck
  • Replacing the roof
  • Setting new carpets or hardwood floors
  • Installing solar panels
  • Improving home insulation
  • Addressing mold concerns

After you’ve paid off your home improvement repair or project, you can use any remaining loan amount toward other bills or add it onto your loan’s next monthly payment to pay it off faster.


How do I qualify for a home improvement loan?

At Upstart, your credit score isn’t the only factor we look at. Your level of education, field of study, and employment history are additional markers used to determine if you qualify for a home improvement loan.

** The average loan amount for home improvement is based off of actual borrowers who identified "home improvement" as their primary use of funds as for the last 90 days as of April 1, 2022.