How much do you need?

Kerrie used a personal loan through LendingClub to add a new deck to her family’s home.

Why improve your home with a personal loan?

Instead of getting a home equity loan and borrowing money against the value of your house, opt for a no-collateral personal loan.* Getting a loan based on your creditworthiness instead of your home’s equity means you can use your loan as you see fit.

Expand your home

Complete that renovation project, add a deck, or install a pool.

Cover unexpected repairs

Tackle major upgrades and replacements, such as roof repairs and broken water heaters.

Enjoy an energy-efficient home

Install solar panels or a greywater system and save on utility costs.

• Get repairs fixed quickly without waiting for a HELOC
• Free yourself from bank paperwork and home appraisals
• Enjoy the flexibility. Money is deposited directly into your bank account, so you can use the money how you see fit
• No prepayment penalties

I have taken out loans from others before LendingClub. It was a nightmare. With LendingClub it was so easy, no hassle. I was able to fix my dining room and paid off all my credit cards. Now I can sleep better at night.

— LendingClub customer

What is a home improvement loan?

A home improvement loan is an unsecured personal loan with a fixed rate and term used to fund home renovations and repairs. Home improvement loans are a smart payment alternative to high-interest, revolving credit cards.

How it works

Apply from anywhere. Get your money fast.

Apply online in minutes

Tell us about yourself and how much debt you want to consolidate.

Select a loan offer

Review your monthly payment and interest rate options. Then choose the consolidation loan option you like best.

Get your money

Your loan is automatically deposited into your bank account.

What customers are saying

Very impressed at the speed

I needed a small loan to get some work done on my home, and didn’t want to go through the hassle of home appraisals associated with a home equity line of credit. I applied in about 10 minutes online, and had the money 11 days later.

– Charlienne from Menlo Park
received a loan to improve her home

Smooth and easy application process

I was pleasantly surprised at how smoothly and quickly the entire process flowed. I used the funds to pay off my vehicle, a kitchen remodel and some other bills. Thank you LendingClub.

– ChrissyG from Rifle
consolidated her debt

Quick and easy

Process was simple quick and very easy, in only a few days my money was in my bank account and I was able to proceed with my remodel project.

– Juan from Weslaco
received a loan to improve his home

Get your rate in minutes

Won’t affect your credit score

Borrow up to 40,000

How can we help?

• Why should I choose a personal loan for my home improvement project?

  Personal loans through LendingClub usually take less time and involve less paperwork than a home equity loan or HELOC. You won’t need a home appraisal for a personal loan, and, if needed, you can use the money for more than just home improvements.

  After you check your rate, here’s what’s next:

  Choose your offer.
  You’ll receive multiple loan offers if you qualify. Each one shows the loan amount, interest rate, APR, monthly payment, and loan term (either 36 or 60 months).

  Complete the application and verify your information.
  We ask for your Social Security number, as well as information about your income and employment. If we need any additional documents, we’ll let you know in your To-Do List. Then, hold tight while we review your application.

  Get your money.
  Once your loan is approved and backed by investors, your money will be automatically deposited into your bank account.

• How does the money get to me?

  Once your loan is approved, your money is automatically deposited directly into your bank account. This means you get to decide exactly how to use the funds, from choosing your contractor to selecting the materials for your improvement project. Depending on your bank, it may take a few days for the funds to appear in your account after your loan is issued.

• How quickly can I get a loan?

  For the majority of people in 2018, funds were received in as few as four days. The entire process is usually faster than a home equity loan or HELOC. You can keep things moving along by checking your To Do List to make sure we have all the information and documents we need.

Visit Our Help Center

Source