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Home Improvement Loan

The loan you need to put your home-improvement plans into action.

Apply for an Unsecured Loan

Or call 1-800-561-9433

Home Improvement Loan Interest Rate  APR  Points  Monthly Payment Loan Term (Months)
Unsecured 9.34% 9.34% $523.18 60
Secured 10 Year Fixed 9.09% 9.28% 0.000 $636.00 120
Secured 15 Year Fixed 9.84% 9.98% 0.000 $532.00 180

Unsecured Fixed Rate Home Improvement Loan: Annual Percentage Rate (APR) effective as of January 1, 2025, and subject to change without notice. Each individual's APR is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. APR calculation and example monthly payments based on loan amount of $25,000, FICO® score of 730 or greater, and term of 60 months. Rate includes 0.25% reduction for automated payments. Additional conditions may apply. Subject to credit approval. Maximum Loan Amount of $25,000.

Secured Home Improvement Closed-End Loan: Annual Percentage Rate (APR) effective as of January 1, 2025, and subject to change without notice. Combined Loan to Value 101% to 133%. Maximum Loan Amount of $250,000. APRs above are calculated using loan amounts of $50,000, credit score of 710 or greater and loan to value of greater than 100% for a single-family residence. Closing Costs: A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. The actual closing costs generally range between $500 to $1,200, depending on the location of the property, the amount of the loan and other factors. Example Monthly Payments: Are figured on loan amounts of $50,000 and do not include hazard insurance, property taxes, or flood insurance. Your actual payment may be higher. Each individual's APR is determined by the applicant's credit history. Not all applicants will qualify for our displayed lowest rates. Tax Deductibility: Elements Financial does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.

More Disclosure

Home Improvement Loan

You name the project, we’ll provide the secured or unsecured loan.

KEY FEATURES

  • Must be used for a home improvement project
  • A good option if you don’t have sufficient equity in your home
  • Available as a secured or unsecured loan
  • Fixed rates
  • Interest rate can be slightly higher than home equity options

Calculate How Much You Can Borrow

SECURED VS. UNSECURED LOAN

Secured Loan: 
  • Borrow money by pledging an asset (your home) as collateral
  • Access to up to $250,000 (up to 133% of the current value of your home)
  • 10-year or 15-year fixed rate
Unsecured Loan: 
  • Borrow money without using collateral
  • Access to up to $25,000
  • Fixed-rate, terms vary

Compare Home Equity Options

How Much Can I Borrow From My Home Equity?

Home Equity Calculator

Results

in a home equity loan or line of credit
  1. 1 Based on asset size as of 9/3/2024.