Home improvement loan for your garden renovations

Home renovations or upgrades come with a high price tag. However, it breathes new life into your home and also increases the resale value of a home. The home renovation project is usually expensive in most cases, if you don’t have cash enough cash, it might be tempting to borrow. You might consider a loan or line of credit to cover these expenses.

There are different types of renovation loans available depending on the renovations you will be performing. You can easily get the loan from credit companies. However, like every other company you intend to patronize, you should first read about them on UK.collected.reviews.

Types of renovation loans

Personal loan

A personal loan is the type of loan that provides you with the funds you need to make a large purchase. The interest rate of a personal loan is lower than that of a credit card and it has a set timeframe you can pay off the loan. Loans are customizable, you can choose your preferred interest rate either fixed or variable, and also your preferred payment plan.

You can secure your renovation loan using the equity in your home as collateral and this makes you eligible for a lower interest rate.

Line of Credit

For an ongoing renovation and you need a fund, you can look into a personal line of credit. They allow you to borrow money and repay it as necessary. It gives you a lower interest rate. Line of credit is similar to your credit card, once you have access to the funds, you can use it anytime and you don’t need to reapply each time.

With a line of credit card, even if you don’t know the amount that will need to finish your renovation or other projects, you can be rest assure that the funds will be available when you need money.

Another advantage of a line of credit is that you can make money on your line of credit from your bank machine, credit card, online and more.

Best home improvement loan


SoFi is an online fund lender. They offer personal loans for home improvement with fixed rates starting as low as 5.99% and a maximum loan of $100, 000.

You don’t need home equity or collateral requirements to borrow. They also offer borrowers the option to pre-qualify in advance, checking terms without incurring a hard credit inquiry.


LightStream is an online lending division Trust and they offer fast funding potentially once you apply. Annual percentage rates on home upgrades loans begin with 3.99% and the lenders charge no fees.

Wells Fargo

Wells Fargo offers multiple ways to finance home renovations projects, including unsecured loans. With an unsecured loan, you don’t need to put up any collateral or home equity to secure funds. With Wells Fargo, you can secure a lower interest rate on your loans. Another advantage of Wells Fargo is that you can apply for the loan at any of their branches, over the phone, or online.


Peerform is a peer-to-peer lending platform and offers competitive loan rates for customers with credit scores as low as 600. Upfront fees range from 1% to 5% and the minimum loan amount is $4, 000.


USAA has one of the longest repayment terms compared to other personal loan lenders. This bank offers many benefits for its members such as personal loans at competitive rates, discounts for customers with autopay, process your funds once you submit your application and more. USAA Interest rates start at 7.24% with a minimum loan at $2,500.