Need help reading this page? Click to activate Recite Me popup.

Home improvement loans

Looking to upgrade your kitchen, beautify your bedrooms, convert your loft or make energy efficient improvements? Whatever plans you have, a home improvement loan could help to make it happen.

Two men fixing an item onto a wall.

Ready to apply for a home improvement loan?

I have a Halifax bank account

I don't have a Halifax bank account

What is a home improvement loan?

  • A home improvement loan is a personal loan you can use to pay for improvements to your home, such as an extension.
  • Halifax current account holders can apply for between £1,000 and £50,000 (between £1,000 and £25,000 if you don’t have a Halifax current account).
  • This means that you’ll pay more overall and will extend your loan’s original term.
  • Repayment Holidays -

A repayment holiday can give you flexibility to help with your short-term financial needs. Once you've made the first monthly repayment on your loan, you’ll have the option to apply for a repayment holiday. You can apply for up to two non-consecutive repayment holidays of one month each, in a rolling 12-month period (subject to approval).

Just be aware – even though you won’t need to make your usual repayment during your repayment holiday, we’ll still charge daily interest on your loan. This means that you’ll pay more overall and it will extend your loan’s original term.

  • No charge for making extra payments – if you pay off your loan in full earlier than agreed, you’ll be charged up to 58 days’ interest.

If you hold a Halifax current account, in most cases we’ll tell you how much you can borrow and if you’re likely to be approved when you get your quote. This won’t affect your credit score. You‘re able to apply for a Personal Loan even if you don't bank with us.

6.4% APR representative for loans of £7,500 to £25,000 over 1 to 5 years

Representative Example

You could borrow £10000 over 48 months with 48 monthly repayments of £235.86. Total amount repayable will be £11321.28. Representative 6.4% APR, annual interest rate (fixed) 6.22%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. If you qualify for a loan we'll tell you the rate that applies when you get your personalised quote. The maximum APR you could be offered is 29.9% APR.

Other amounts and terms are available at different rates.

Here are a few things to think about before you start ripping those floorboards up.

Plan ahead

Firstly, plan what home improvements need to be done and how long it will take. Get your project plan together, with a start and end date, check contractor availability, hunt around for competitive quotes and take seasonal influences into consideration.

Consider energy efficient improvements

When considering home improvements, it is also worth thinking about what differences you can make which could help you save a few pennies as well as helping the planet.  Take a look at our helpful guide to learn more.

Work out the cost

Once you have a home improvement plan, you can work out the total cost of the project. Make sure you look at all the costs, and have a back-up plan in case of unexpected expenses or changes. Don’t forget to consider recurring costs for your project.

Does it fit your budget?

Once you know how much you need to borrow, try using our handy Loan Calculator to find out what your monthly repayments could be. If you have a Halifax current account, you can get a personalised quote in just 1 minute through Online Banking.

Loan calculator

How it works?

If you hold a Halifax current account, in most cases we’ll tell you how much you can borrow and if you’re likely to be approved when you get your quote. This won’t affect your credit score.

I have a Halifax Current Account

  • You can apply for between £1,000 and £50,000
  • Choose to make your monthly repayments over 1 to 7 years
  • Get your quote with no credit searches
  • It takes about 1 minute to get your personalised quote in online banking
  • If you’re approved, you should receive the money instantly. In a small number of cases, money will be received up to 72 hours from when the loan documents are signed.

I don’t have a Halifax Current Account

  • Use our eligibility checker to answer a few quick questions and find out if you're eligible to apply for a loan
  • If approved, get a personalised rate - with no effect on your credit score
  • It takes only minutes to apply online and get an instant decision
  • You can apply for between £1,000 and £25,000, with monthly repayments over 1 to 7 years
  • If we approve your loan, you should have the money in your account within 2 hours. In some cases it may take a bit longer – but no more than 3 working days.

Apply for a loan

With Halifax, it's easy to apply for a loan. The decision whether to offer you a loan, the amount we’ll lend you and the interest rate will all be based on an assessment of your individual circumstances.

 

I have a Halifax Current Account

Apply now

If you prefer, you can also apply in the app. You must be registered for online banking.

Once you're in, select Apply, Loans and Car Finance, then Loans Calculator.



I don't have a Halifax Current Account

Use our eligibility checker to answer a few quick questions and find out if you can apply for a loan.

Check eligibility

I have a Halifax Current Account

Apply now

If you prefer, you can also apply in the app. You must be registered for online banking.

Once you're in, select Apply, Loans and Car Finance, then Loans Calculator.

Get the app

I don't have a Halifax Current Account

Use our eligibility checker to answer a few quick questions and find out if you can apply for a loan.

Check eligibility

Why choose Halifax?

  • Instant decision - Apply in minutes and get an instant decision on your loan when you apply online
  • Repayment holidays -

A repayment holiday can give you flexibility to help with your short-term financial needs. Once you've made the first monthly repayment on your loan, you’ll have the option to apply for a repayment holiday. You can apply for up to two non-consecutive repayment holidays of one month each, in a rolling 12-month period (subject to approval).

Just be aware – even though you won’t need to make your usual repayment during your repayment holiday, we’ll still charge daily interest on your loan. This means that you’ll pay more overall and it will extend your loan’s original term.

  • Quick access to your loan - If you have a Halifax bank account, if approved you could have the money in your account in minutes. If you don't have a Halifax bank account, if approved, you should get the money in your account within 2 hours. Sometimes it may take a bit longer - but no more than 3 working days.

Loan calculator

Our loan calculator could give you an idea of monthly payments and APR. Try it now and apply online.

Use our loan calculator

Frequently asked questions

  • Our home improvement loan is a personal loan you use to pay for updates or work being carried out on your home; for example, paying trades people for their services. 

    If we approve your loan, you should have the money in your account within minutes if you currently bank with us, or within 2 hours if you don't bank with us . In some cases it may take a bit longer to have the money in your account - but no more than 3 working days.

    You will then pay the loan back on a monthly basis as outlined in your agreement.

  • You can apply for a home improvement loan if:

    •  You’re aged 18 or over and live in the UK (excluding the Channel Islands and the Isle of Man)
    • You’re in paid employment or have a regular income
    • You’re not a full-time student
    • You haven’t had a request for credit declined in the past month
    • You don’t have a history of bad credit, such as bankruptcy or CCJs
    • You’re not applying for any of these reasons
    Learn more about loan eligibility.
     

  • Yes, our home improvement loans are unsecured, meaning you won’t be borrowing against your property.

  • Home improvements can be significant investments, so it’s important you choose the best borrowing option for you. Other borrowing options include: 

    • Remortgage

    You could consider switching your existing mortgage to a new lender, this is called remortgaging. If you have some equity in your home you may be able to borrow more on your new mortgage to pay for your home improvements. Early repayment charges may apply on your existing mortgage. 

    Read more about Halifax remortgages. 

    • Additional Borrowing

    You may be able to borrow more money on your existing mortgage to pay for home improvements, this is called Additional Borrowing. Conditions apply. 

    Find out more on Additional Borrowing.  

    You could lose your home if you don't keep up your mortgage repayments.

    • Credit card

    If you’re only doing small home improvements then a credit card may be a more suitable option than taking out a loan. However, consider the interest rate payable and whether or not you will be able to fully repay the outstanding balance before the end of any introductory period in order to avoid higher interest charges.

    Read more about our credit cards.

    Learn more about how you can pay for home improvements.

Get clued up on credit

Confused by credit? Understand more about how credit works, how to improve your score, and how it affects applying for a loan.

Credit explained

Lending and rate are subject to status. Available to UK residents aged 18+.

Loans are provided by Halifax. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ.