What are the best home improvement loans for seniors?

The best home improvement loans for seniors are from LightStream. The company offers APRs starting at 7.99% (the lowest rate on the market), along with loan amounts of $5,000 - $100,000, repayment periods of 24 - 84 months and no fees.

There are plenty of other companies that offer home improvement loans for seniors, as well. In general, you will need a credit score of at least 700 to get a home improvement loan with good terms. Fortunately, the average credit score for people aged 60 and older is 749. Just keep in mind that personal loans do not give special discounts to seniors.

Best Home Improvement Loans for Seniors

Alternatives to Home Improvement Loans

• Using a credit card
• Getting a low interest home improvement loan from your local government
• Getting a low interest grant from the U.S. Department of Agriculture
• Asking for a loan from a friend or family member

If a personal loan works best for your home improvement needs, check out WalletHub's picks for the best home improvement loans and estimate your rates with our free pre-qualification tool.

The full range of available rates varies by state. The average 5-year loan offered across all lenders using the Upstart platform will have an APR of 24.83% and 60 monthly payments of $26.36 per $1,000 borrowed. For example, the total cost of a $10,000 loan would be $15,817 including a $594 origination fee. APR is calculated based on 5-year rates offered in the last 1 month. There is no down payment 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.

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), NM ($5,100), OH ($6,000).