Rick Bormin, Personal Loans Moderator
@rhandoo2020
Yes, Citibank does home improvement loans. You can take out a personal loan from Citibank and use it to pay for home improvement expenses, such as remodeling a kitchen, finishing a basement, putting on siding or many other projects. Citibank does not specifically refer to their loans as "home improvement loans," so you'll need to take out a general-purpose personal loan.
Quick Facts About Citibank Home Improvement Loans
- APR: 9.99% - 19.49%**
- Origination fee: 0%
- Loan amount: $2,000 - $30,000
- Payoff period: 12 - 60 months
- Credit score required: 740+
Before you apply for a Citibank home improvement loan, it's a good idea to compare the offer to WalletHub's editors' picks for the best home improvement loans. That way, you'll be able to see how the offer stacks up against loans from leading competitors.
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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