Home improvement loans

Ready for a revamp? If you want to spruce up your property, our personal loans will let you kick-start your project straight away and spread the cost.

Loans are subject to status and affordability. Terms apply.

Why choose a personal loan to finance your home improvements?

Whether it’s a new bathroom, kitchen, or extension, a RateSetter home improvement loan could help you refresh your living space to suit you better and add value to your property.

  • Take the pressure off by spreading the costs, so you can focus on your project.
  • Know exactly what you pay back each month to help you budget.
  • Get started on your home improvements right away.
  • Have the option to pay suppliers and tradesmen in cash.

Why choose a RateSetter home improvement loan?

  • Borrow between £1,000 to £35,000 over 1 to 5 years.
  • Rates from 6.9% APR.
  • If approved, you'll get the money the next working day.
  • Make extra payments or settle your loan early with no early repayment fees.

Representative example: 8.9% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 5 years at an interest rate of 8.2% p.a. (fixed). Monthly repayment £205.62. Total amount payable £12,337.20, which includes a fee of £93. The majority of our customers receive the advertised APR or lower. The maximum APR you could be offered is 29.9%.

Loans are subject to status and affordability, the rate and fee you pay will depend on your credit profile.

The loan fee allows us to cover our costs. The loan fee is non-refundable if you settle your agreement early. The only time this is not chargeable is if you withdraw from your credit agreement within 14 days.

 

Applying for a home improvement loan is simple

Personalised quote

Application

Decision

Money

Complete a quote, telling us the amount you want to borrow for your home improvements.

We will give you a personalised rate with no obligation to apply.

You will get a response immediately, or usually by the end of the next working day.

Complete a quote, telling us the amount you want to borrow for your home improvements.

Personalised quote

Application

Complete a quote, telling us the amount you want to borrow for your home improvements.

We will give you a personalised rate with no obligation to apply.

Decision

Money

You will get a response immediately, or usually by the end of the next working day.

Complete a quote, telling us the amount you want to borrow for your home improvements.

You're eligible if...

  • you are are 21 or over.
  • you hold a UK bank or building society account.
  • you have been a UK resident for a minimum of 3 years.
  • you have a regular source of income paid monthly, for example through wages or a pension, of over £16,000 a year.
  • you have a good credit history, with no County Court judgements, bankruptcies or debt relief orders on your credit file.

Already have a personal loan with RateSetter?

If you already have a loan with RateSetter you could be eligible to borrow more money. Your total borrowing must not exceed £35,000. There are two ways you can borrow additional money from RateSetter:

  • Take out an additional loan.
  • Take out a new loan and consolidate your existing loan.

Getting a quote is easy! Sign in to your account and the application form will be pre-populated for you.

Got a question? We're here to help

You can reach us by:

*You may be charged for your call, depending on whether you use a landline or mobile, and the tariff charged by your provider.

*You may be charged for your call, depending on whether you use a landline or mobile, and the tariff charged by your provider.

Frequently asked questions

A home improvement loan spreads the cost of the renovations you carry out to your home across a number of years - you repay what you’ve borrowed, plus any fees, on a monthly basis.

A RateSetter personal loan could be used to pay for a home improvements such as a new kitchen or alterations like an extension to your property.

They work in the same way.

Once you’ve worked out how much you want to borrow, you can get an instant quote from RateSetter to find out the rate you’ll be offered, before you choose to apply. This doesn’t affect your credit file.

Once you’ve applied and been accepted, we’ll usually transfer the funds to your bank account by the end of the next working day.

There are a number of benefits to using a personal loan for your home improvements.

  • They are usually simple to arrange.
  • Allows you to spread the costs of your project.
  • You’ll know exactly what you’re paying each month making it easier to budget.
  • You’ll get the money in your account the next working day so you can put your plans into action.