Alice Kane, WalletHub Analyst
@Alice_K
Capital One does not offer home improvement loans. Most people use personal loans or home equity loans for home improvement. Capital One has neither.
The best way to borrow from Capital One for home improvements is with a credit card. Capital One offers a wide selection of credit cards, some of which have low introductory APRs and high rewards rates. The Capital One Quicksilver card is actually the best credit card for home improvement. It has an introductory APR of 0% for 15 months on purchases, which may give you adequate time to pay off a small home improvement expense interest-free. Quicksilver will also save you money with 1.5% cash back on all the necessary purchases. And it offers a bonus of $300 in welcome bonuses: a $100 credit to use towards flights, stays and rental cars booked through Capital One Travel during your first cardholder year (limited-time offer), plus a $200 cash bonus for spending $500 on purchases in the first 3 months.
That said, for larger expenses, a credit card probably won’t work as well. In that case, you’ll want to pursue personal loans from other lenders. LightStream, Wells Fargo and Avant are a few good places to start.
People also ask
What's the minimum credit score for a home improvement loan?
The minimum credit score for a home improvement loan is 580 or higher, depending on the lender. Home improvement loans are usually just personal loans that people use for home improvements, and some personal loan providers will approve you with 580+ credit score. That’s not too difficult to attain, either – it’s within the bad credit range and below the average American’s credit score.
You may be able to get a home improvement loan with an even lower score...
read full answer by Adam McCann, Financial WriterHow does a home improvement loan work?
Home improvement loans give homeowners the funds needed to complete projects related to maintaining or increasing the value of a home and the surrounding property, such as remodeling a room, putting on a home addition, or replacing a roof. Although they have a unique purpose, loans for home improvement function just like most other loans. The borrower receives a lump sum of money and must pay it back, along with interest, over a certain number...
read full answer by Adam McCann, Financial WriterHow can you get a home improvement loan with no equity?
You can get a home improvement loan with no equity by applying for an unsecured personal loan. You can use a personal loan for almost anything, including home improvements, so it can be a useful way to complete your projects without risking any collateral.
Personal loans base eligibility on your credit history, income, and debt, so you don’t need to own property worth a certain amount of money to take one out. Only home...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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