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Loan for Home Improvement

118 118 money helpers illustration
  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Check eligibility with no impact on your credit score
Check my eligibility nowThis won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43. Representative 49.9% APR.

Could a loan for home improvement help you spread the cost?

If you are planning home improvements, a personal loan can be one way to cover the cost without remortgaging or putting your property up as security. 118 118 Money states that its loans can be used for things like debt consolidation, car repairs or making home improvements.

If accepted, you could borrow from £1,000 to £8,000 and repay over a fixed term with monthly repayments that stay the same. That can make it easier to budget for projects such as replacing flooring, updating a kitchen, repairing damage or dealing with essential home maintenance.

Before borrowing, think carefully about whether the work is urgent, how much you really need, and whether the monthly repayments feel affordable across the whole term. Borrowing for improvements can be useful when it solves a practical problem, but it still needs to fit your wider budget comfortably.

Check whether a home improvement loan could be right for you
Use the eligibility checker to see whether you are likely to be accepted before you apply.
Check my eligibilityThis won't affect your credit score
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Why people look for a loan for home improvement

Home improvement borrowing is usually about getting important work done now while paying it back in manageable monthly instalments.

Spread the cost with fixed repayments. A personal loan can help you cover a planned project such as a new bathroom, replacement windows or urgent repairs while keeping the monthly repayment the same throughout the term.

No need to secure the borrowing on your home. 118 118 Money loans are unsecured, so you do not put your property at risk in order to borrow for improvements.

Borrow for practical upgrades. People often use home improvement borrowing for repairs, decorating, replacing worn essentials or making the home work better for everyday life.

Check eligibility before a full application. If you are comparing options, starting with an eligibility check can help you understand whether you are likely to be accepted before moving ahead.

Keep the project size realistic. A personal loan can be a better fit for smaller or mid-sized improvements where the repayments are manageable and the total amount borrowed stays proportionate to the job.

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3 simple steps to check your home improvement loan eligibility

  • Check your eligibility with no impact to your credit score
  • Review your offer, set up your Direct Debit and sign
  • Receive funds in 15 minutes*
Check my eligibilityThis won't affect your credit score. *This can vary from 15 minutes to 2 hours depending on your bank.
118 118 money helpers illustration

What to consider before applying

Home improvement loans are usually unsecured personal loans, which means the money is not tied to your property. That can make them easier to understand than secured borrowing, but it also means the monthly repayment needs to work comfortably from your regular income.

It is worth getting clear on the scope of the project before you borrow. Price up the work carefully, include a small contingency for unexpected costs, and avoid borrowing extra just because it is available. For smaller improvements, paying from savings or spreading the cost another way may be cheaper.

If you do decide to borrow, focus on the total amount repayable as well as the monthly figure. Fixed monthly repayments can make budgeting simpler, but you should still read the offer carefully and make sure the loan is affordable for the full term.

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Loan for Home Improvement FAQs

Yes. 118 118 Money states that personal loans can be used for home improvements, subject to status, affordability and credit checks.

No. 118 118 Money offers unsecured personal loans, which means you do not put your home up as security.

118 118 Money states that accepted customers can borrow from £1,000 to £8,000, depending on their circumstances and affordability.

No. Checking your eligibility with 118 118 Money does not affect your credit score.

Think about the total project cost, whether the work is essential or can be staged, and whether the fixed monthly repayment fits comfortably within your budget for the full term.

Check whether a loan for home improvement could work for you

Use the 118 118 Money eligibility checker to see whether you are likely to be accepted before you apply, with no impact on your credit score.

Check my eligibility
118 118 money helpers illustration
118 118 money helpers illustration

Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.