Grace Enfield, Content Writer
@grace_enfield
The best bank for home renovation loans is Wells Fargo because the company offers up to $100,000 in funding, which can help you finance costly home improvement projects. Wells Fargo loans also have APRs of 7.49% - 23.74%, depending on your creditworthiness, and repayment periods of 12 - 84 months. You’ll need a credit score of 660+ to qualify, according to multiple third-party sources.
There are many other banks that offer home renovation loans with good terms, as well. For your convenience, below is a comparison of the best banks for home renovation loans.
Best Banks for Home Renovation Loans
| Bank | Loan Amounts | APRs | Repayment Periods |
| $3,000 - $100,000 | 7.49% - 23.74% | 12 - 84 months | |
| $2,500 - $100,000 | 7.24% - 17.65% | 12, 24, 36, or 48, 60, 84 months | |
| $2,000 - $50,000 | 8.99% - 21.99% | 12 - 60 months | |
| $1,000 - $50,000 | 6.99% - 19.49% | 12 - 84 months | |
| $3,500 - $40,000 | 6.98% - 19.98% | 12, 24 or 36 months | |
| $5,000 - $35,000 | 4.99% - 20.99% | 36 - 60 months | |
| $1,000 - $35,000 | 5.99% - 32.24% | 12 - 60 months | |
| $2,500 - $35,000 | 6.99% - 24.99% | 36, 48, 60, 72 or 84 months | |
| $2,000 - $30,000 | 7.99% - 23.99% | 12, 24, 36, 48 or 60 months |
For more information, check out WalletHub’s picks for the best banks for personal loans and the best home improvement loans overall.
You can also use mortgages, home equity loans and credit cards to help finance home renovations. Keep in mind that you will have to use your home as collateral if you get a mortgage or a home equity loan.
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