Grace Enfield, Content Writer
@grace_enfield
The best home improvement loans for people with bad credit are from LendingPoint because the company offers loan amounts of $2,000 - $36,500, APRs of 7.99% - 35.99% and repayment periods of 24 - 72 months. LendingPoint loans are also available to people with a credit score as low as 600.
Best Home Improvement Loans for Bad Credit
| Company | Min. Credit Score | APR | Loan Amount |
| 600 | 7.99% - 35.99% | $2,000 - $36,500 | |
| 580 | 9.95% - 35.99% | $2,000 - $35,000 | |
| None | 5.35% - 35.99%, typically | $1,000 - $50,000 | |
| None | 59% - 160% | $500 - $4,000 | |
| 620 | 7.99% - 29.99% | $5,000 - $50,000 |
To see if you're pre-qualified for a bad-credit home improvement loan, check out the free pre-qualification tool on WalletHub.
If you're having a hard time getting approved for a home improvement loan with bad credit, you may want to consider some alternatives. Using a credit card for bad credit or getting a loan from a friend or family member may be better options for you.
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).
Best Home Improvement Loans Offer in 2023
Compare OffersPeople also ask
What's the minimum credit score for a home improvement loan?
The minimum credit score for a home improvement loan is 660 for most lenders. While lenders typically don’t offer “home improvement loans” in particular, they offer personal loans that can be used for almost any purpose, including home improvements. And most personal loan providers require a credit score of 660+. That’s not too difficult to attain, either – it’s within the fair credit range and below the average American’s credit score.
However, not all lenders look for...
read full answerCan 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 - $50,000, APRs of 5.35% - 35.99% (typically), and repayment periods of 36 , 60 months.
Best Home Improvement Loans for a 600 Credit Score
| Company | Credit Score Requirement | Loan Amounts | APRs |
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