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Over how many months?

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Representative APR

59.9 %

Total repayable

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( It won’t affect your credit score )

Representative 59.9 % APR

Representative example

Borrowing £2,000 over 24 months at Representative 59.9% APR and Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and a total amount payable of £3,145.20. This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 39.9% APR to maximum 89.9% APR. Loan terms from 12 to 36 months.

Home Improvement Loans

As the name suggests, home improvement loans are for funding any improvements you may wish to make to your home, such as extensions and refurbishments.

Such improvements can be costly, so funding them can prove to be challenging. A home improvement loan can allow you to spread the costs and access the funding needed to make your desired improvements and make your living spaces that much better.

Even if you have bad credit or a bad credit rating, home improvement loans are still a possibility with Likely Loans, as we always look at the individual application and your circumstances. Plus, we offer unsecured home improvement loans, which means the loan isn’t secured against your property.

How Do I Apply?

When applying for one of our unsecured personal loans there are three simple steps to follow:

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1. Tell us a little bit about you

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2. Get an instant response

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3. Money next working day

Home Improvement Loans for UK Customers

At Likely Loans, we offer home improvement loans UK-wide which are easy to apply for and very accessible. Other advantages to choosing us include:

  • You have the opportunity to borrow more at a later date should you become eligible

  • Quotes for home improvement loans won’t impact on your credit score

  • You can manage and repay your loans online

Frequently answered questions

What is a home improvement loan?

A home improvement loan is designed to fund home renovations. This could be for your kitchen, bathroom, loft conversions - whether you’re buying your first home or hopefully your last, make it truly feel like home with your own changes. If you can afford to improve your home, you could benefit as upgrades can increase the value of your property, allowing you to sell it for more in the future. That’s why it’s especially worth considering before putting your property on the market.

Can I get a home improvement loan with a bad credit score?

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Likely Loans may be able to give you access to bad credit loans despite a low credit score. We understand that your financial history may not reflect your position now, so when applying for a home improvement loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your eligibility with us without having an impact on your credit score. We do soft search credit checks which mean your credit ratings won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator with a few of your details to receive your personalised loan quote.

Can I get an unsecured home improvement loan without a guarantor?

Yes. We offer unsecured loans which mean you neither need to secure your loan against your assets nor need someone else to be a guarantor as part of your application.

Can I get a home improvement loan with no credit check?

No. Responsible lending is our priority so we carry out credit checks to make sure we aren’t lending to anyone who can’t afford it.

What is the criteria to get a home improvement loan?

As with most loan providers, our lender requirements are that you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

How long will it take before receiving the home improvement loan?

Applying for any loan with Likely Loans is quick and simple and you’ll find out if you are eligible within minutes. After that, you should have your money in your current account by the next working day.

What is an APR?

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we'll offer to at least 51% of people who are eligible - it's not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances. Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different from the representative APR.

Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 59.9% to at least 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

What loan repayment terms are available for home improvement loans?

For a home improvement loan, you have plenty of borrowing options, with £500 to £5000 available from 12 to 36 months paid in monthly instalments.

Can I top up my home improvement loan?

You may be able to top up your loan in the future if you become eligible. You can check your eligibility through your online account.

Apply Online Today

You can quickly apply online and we’ll give you an idea of the amount you could be eligible to borrow. Simply fill in your details and you can get an instant response on whether or not you’re eligible for a loan for home improvement.

If your loan application for a home improvement loan is accepted, the repayment process is simple, with fixed monthly payments dependent on the size of your loan and agreed period for repayment.

Manage your loan online

With the ability to manage your loan online, the entire online application process can be straightforward and transparent, and we don’t charge any fees, so you can get the most out of your loan and start renovating your home as soon as possible. If you would like any further information about our home improvement loans, please get in touch.

( It won’t affect your credit score )

Representative 59.9 % APR