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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.
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.
6.6% APR representative for loans of £7,500 to £25,000 over 1 to 5 years
Other amounts and terms are available at different rates.
Here are a few things to think about before you start ripping those floorboards up.
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:
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:
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.
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.
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.
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.