Gino Rodriguez, Writer
@gino_rodriguez
Yes, you can get a renovation loan with bad credit, but keep in mind that low rates and large loan amounts are typically reserved for borrowers with good credit. Your borrowing options will likely be limited to companies that have a low credit requirement or no minimum credit score. Below are some of the best loans you can get with bad credit.
Renovation Loans for Bad Credit
| Companies | Min. Credit Score | APR | Loan Amount |
| 620 | 7.99% - 35.99% | $1,000 | |
| 580 | 9.95% - 35.99% | $2,000 | |
| 300 | 6.6% - 35.99%, typically | $1,000 | |
| None | 160% - 195% | $500 | |
| 620 | 8.99% - 29.99% | $5,000 |
Other financing options are available for your home renovation, too, including cash-out refinancing, home equity lines of credit and home equity loans. These options are typically easier to qualify for because they require you to put your home up as collateral, so there is less risk involved for the lender. But remember that the lender can seize your property if you fail to pay the loan back.
For more information, check out some of WalletHub’s picks for the best home improvement loans and the best home improvement loans with no credit check. You can then pre-qualify with multiple lenders at once using our free pre-qualification tool.
Upstart Disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 19.60% and a 6.90% origination fee of $690, for an APR of 23.22%. In this example, the borrower will receive $9310 and will make 60 monthly payments of $264. APR is calculated based on 5-year rates offered in March 2025. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
People also ask
What credit score do you need to get a renovation loan?
You need a minimum credit score of 580 to get a renovation loan in most cases. Credit score requirements vary by lender, and the higher your credit score is above a lender's minimum, the more likely you are to get approved for the loan. In addition to having a high enough credit score, you need to be a U.S. citizen or permanent resident, be at least 18 years old, have a steady income, and provide...
read full answer by Gino Rodriguez, WriterCan I get a renovation loan with bad credit?
Yes, you can get a renovation loan with bad credit, but keep in mind that low rates and large loan amounts are typically reserved for borrowers with good credit. Your borrowing options will likely be limited to companies that have a low credit requirement or no minimum credit score. Below are some of the best loans you can get with bad credit.
Renovation Loans for Bad Credit
| Companies | ... | APR | Loan Amount |
Can you get a home improvement loan with a 600 credit score?
Yes, you can get a home improvement loan with a 600 credit score. The best home improvement loans for a 600 credit score are available through Upstart because the loans have dollar amounts of $1,000 - $75,000, APRs of 6.6% - 35.99% (typically), and repayment periods of 36 months or 60 months.
Best Home Improvement Loans for a 600 Credit Score
| Company | Credit Score Requirement | Loan Amounts | APRs |
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.