Bad Credit? It Won’t Stop You From Getting A Home Improvement Loan With These 8 Lenders

Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders

Homeownership can come with many benefits. But one of the downsides is being responsible for maintenance and other updates to the property. If you are like most people, then taking on a home improvement project can be very difficult to squeeze into your budget. 

In fact, you might find that a home improvement loan is the only way to fund your plans. Luckily, there are many lenders that are willing to work with you – even if you have bad credit. 

Let’s take a closer look at a few of the lenders that could help you fund your home improvement needs. 

Overview of the best home improvement loans with bad credit

Company Best for APR Loan limits
Fiona Fastest quotes 4.99% – 35.99% $1,000 – $100,000
Prosper Peer-to-peer lending 6.95% – 35.99% $2,000 – $40,000 Small loan amount 5.99% – 35.99% $500 – $10,000
Credible Best rate starting at 4.99% APR (with autopay)* $1,000 – $50,000
OppLoans Fast disbursement of funds 99% – 199% $500 – $4,000 Reasonable rates 5.99% – 35.99% $1,000 – $35,000
LendingTree Comparison shopping 5.99% – 35.99% $1,000 – $50,000
LendingClub Joint applicant opportunities 10.68% -35.89% $1,000 – $40,000


Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - FionaFiona is a service that aggregates quotes for personal loans when you need them. The simple interface and helpful format make working with Fiona a pleasant experience. Plus, it is completely free to use this tool!

Beyond the tool’s helpfulness, you find that the quotes are returned to you in record time. If you are in need of a home improvement ASAP, then Fiona can help you save valuable time. 

Once you have the quotes, you can make a decision on whether or not to move forward. Don’t feel any pressure to pick a loan in a minute. Take your time and compare the offers presented to you by Fiona. 

Learn more about Fiona or read our full review. 


Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - ProsperProsper offers a peer-to-peer online lending experience. When you work with Prosper, you can seek out a personal loan that ranges in size from $2,000 to $40,000. Before you can take out a loan with the company, you’ll need to complete a short online form. After that, Prosper will check your credit score and potentially offer loan terms. The interest rates on these loans will range from 6.95% to 35.99% APR. Plus, you’ll need to factor in an origination fee that ranges from 2.41% to 5%.

The minimum credit score needed to work with Prosper is 640 – which means you’ll need to have a score that is fair in order to work with the company. If you are on the edge, then consider taking the time to boost your credit score over the course a few months to meet the minimum threshold and have the opportunity to work with this helpful company. 

As you shop around for a home improvement loan, you will likely want to stay vigilant about keeping your credit score intact. With Prosper, you won’t have to worry about a ding to your credit score when you check your rate. 

A final plus worth noting is that you won’t have to deal with any prepayment penalties. If your financial tide turns sooner than you expect, you can pay off this debt without any additional fees. 

Learn more about Prosper or read our full review.

Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - badcreditloans.comAs the company’s name suggests, is a great place for borrowers with bad credit to find a home improvement loan. The company is not a direct lender. But it can help you find a lender that is willing to work with your situation. 

If you are hoping to work with, then you’ll need to consider their loan amounts. For now, the maximum amount you’ll be able to borrow is $5,000. And you’ll need to repay that debt within a three-year time frame or sooner. 

When you start the process, you’ll fill out an online request form. In the form, you’ll share why you need the loan, what amount you are searching for, and a few other details. After that, will find lenders that are willing to work with you. Once you have these options in hand, you can make the choice to move forward with the personal loan you need. 

If you are interested in giving a try, then the good thing is that the service is absolutely free. You are under no obligation to accept a loan offer unless you feel comfortable. With that, this is a good opportunity to explore your options. 

Learn more about or read our full review


Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - CredibleCredible offers the opportunity to explore multiple loan options through one convenient platform. With this online loan marketplace, you can seek out loans that range from $1,000 to $50,000. That range of funding options could be exactly what you need as you prepare to undergo a home improvement project. 

In order to move forward with Credible, you’ll need to fill out a quick application. As you explore your options with Credible, you’ll find many different loan offers. But the convenience of comparing your loan offers is completely free!

One of the best features of Credible is the fact that they offer a ‘Best Rate Guarantee’. If you are able to find a better rate offer somewhere else, then the company will give you $200 for the hassle! That is a great feature for any credit score! With that guarantee in mind, you have nothing to lose by working with this company. 

If you are struggling to find lenders willing to work with you, then a cosigner might help. Credible offers a tool to help you determine whether or not you would prequalify to work with a lender by testing out several different cosigner options. As a bad credit borrower, this tool can help you get a better view of your cosigner options. 

Learn more about Credible or read our full review.


Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - OppLoansOppLoans provides loans to borrowers with bad credit on a regular basis. Although you should expect to see high APRs, the loans are more affordable than a traditional payday loan. Plus, you’ll have a longer loan term to repay the funds. 

With OppLoans, you can expect an extremely quick turnaround on your loan processing. In fact, you might be surprised how quickly you’ll be able to go from the application stage to the loan disbursement. But you’ll pay the price of a steep APR. 

The company could relieve the immediate financial stress of your home improvement project. But if you have time to look for a more affordable option, that might be for the best. You may be able to save thousands if you are able to wait a few days to work with another lender. 

Learn more about OppLoans or read our full review

Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - is an online lending marketplace. You find a wide range of peer-to-peer options, nontraditional lenders, and banks on the platform. With that, you have a good chance of finding a lender that wants to work with your bad credit. 

The first step is to fill out an online request form for the loan. In that, you’ll share what you are looking for and a little bit about your financial background. After that, you will see your loan quotes very quickly. 

With multiple lenders, you will find that there are plenty of options to help you fund a home improvement project. Plus, the high loan amount cap of $35,000 is enough to tackle some of the most expensive home projects. You’ll find loan terms that range from 3-72 months. 

Learn more about or read our full review


Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - LendingTreeIf you are looking for a home improvement loan, LendingTree can help you compare rates quickly. With LendingTree’s help, you’ll find the best loan terms within a few minutes. As a borrower with bad credit, this is especially helpful when seeking out lenders that are willing to work with your credit. 

It is important to note that LendingTree is not a lender. Instead, it is a comparison site that can help you shop around for different financial products. One of those products is a personal loan that you can use to fund your home renovation project

When you start working with LendingTree, the service will ask you a few questions about your finances. Once you’ve filled out the quick form, you’ll receive quotes on your potential loan options. 

The best part is that this comparison shopping tool is completely free to use! If you decide to take advantage of a quote provided by LendingTree, the lender will pay a commission or referral fee at no cost to you!

Although you’ll find many attractive loan offers, you may not always receive the best rate possible. If a lender offers a better rate outside of the LendingTree network, then you could miss out on that opportunity to save. 

Learn more about LendingTree or read our full review.


Bad Credit? It Won't Stop You From Getting A Home Improvement Loan With These 8 Lenders - LendingClubLendingClub is another peer-to-peer lending platform. That means that you are borrowing funds from a group of individuals, instead of working with a traditional bank. With a different approach to lending, you might find an attractive loan opportunity. Flexible lending opportunities are especially important for borrowers with bad credit. 

When you start the loan application process with LendingClub, you’ll have the opportunity to apply as a co-applicant. With that, you may have a better chance of qualifying for the best loan terms. As you continue the application, you’ll need to provide more information about your financial situation. Next, the company will run a soft credit check which won’t hurt your credit score. After that, you’ll receive your quote. 

If you decide to move forward with the loan, you’ll discover that LendingClub can provide extremely quick service. Within a few days of applying, you’ll have the funds deposited into your account. 

Once you have the funds on hand, LendingClub will set up automatic bill payments from your bank account. That will ensure that you never miss a step on your repayment journey.  

Learn more about LendingClub or read our full review

Summary of the best home improvement loans for bad credit

Here’s a quick recap of the best home improvement loans for bad credit. 

Company Is this a lender? APR Loan limits Fees Credit needed Unique features
Fiona Personal Loans No 4.99% – 35.99% $1,000 – $100,000 None No minimum requirement Quick quotes
Prosper Yes 6.95% – 35.99% $2,000 – $40,000 Origination fee 2.41% to 5%
-Check Payment Fee 5% of payment or $5 if payment is greater than $100
640 Peer-to-peer lending environment No 5.99% – 35.99% $500 – $10,000 None No minimum requirement Short repayment timelines
Credible No starting at 4.99% APR (with autopay)* $1,000 – $50,000 None No minimum requirement Best rate guarantee
OppLoans Yes 99% – 199% $500 – $4,000 Fees vary based on your state No minimum requirement Lightning fast fund disbursement No 5.99% – 35.99% $1,000 – $35,000 None No minimum requirement, but must not have any recent bankruptcies or accounts currently over 0 days late Flexible terms
LendingTree No 5.99% – 35.99% $1,000 – $50,000 None No minimum requirement See multiple loan offers after filling out one form
LendingClub Yes 10.68% -35.89% $1,000 – $40,000 Origination fee between 2 and 6% 600 Streamlined application for joint borrowers

How I came up with this list

Let’s take a closer look at how I determined the best home improvement loan options with bad credit. 

Willingness to work with a variety of borrowers

Not all lenders are open to helping out a borrower with bad credit. With that, it is all too easy to spend time sifting through lenders that wouldn’t even entertain the idea of lending money to someone with your credit score. 

With that, this factor was the first eliminator. 

User friendly

With a multitude of options, it is important to work with a lender or service that is easy to use. You shouldn’t feel confused as you walk through the application process. Any lenders or services with disjointed interfaces were quickly eliminated. 

Why should (or shouldn’t) you use a home improvement loan if you have bad credit

So should you be considering a home improvement loan? Let’s find out!

Who is a home improvement loan with bad credit good for?

If you have renovations that are needed to make your home liveable, then a home improvement loan could be a good option. You’ll have the ability to make necessary changes to your home now and pay off the balance slowly. 

Who is a home improvement loan with bad credit not good for?

If you have bad credit, you’ll need to be careful with the interest rates. It is easy for interest rates to spiral out of control. Make sure that you are comfortable with the true cost of the loan before moving forward. 

Most important features of a home improvement loan with bad credit

Here’s what you need to look out for as you shop around for a home improvement loan with bad credit. 


A high APR on your loan could lead to financially painful consequences. The amount that you pay in interest on this loan could easily be in the thousands. With that, it is critically important that you shop around for the best APR available to you. 

Loan terms

Consider how quickly you’d like to repay this debt. As you make this decision, think about what you can comfortably afford to pay each month towards this loan. Don’t hesitate to seek out a loan term that will fit in your life.

How to build up your credit to get a home improvement loan

If you are having trouble securing a home improvement loan due to your credit score, then it might be time to work on your credit score. Here are the best ways to improve your credit score:

  • Become an authorized user – If you are able to become a responsible authorized user on a family member’s credit score, that can give your credit score a boost. 
  • Make on-time payments – As you make payments on your bills, be sure to pay on time. A few late payments can significantly impact your credit score in a negative way. 
  • Pay off debt – If you have a lot of debt on your plate, then consider working to pay it off early. Lenders want to see that you are able to responsibly manage your debt. 

These are just a few ways to build your credit score. It could save you thousands if you take the time to improve your credit history. 

Alternatives for home improvement loans with bad credit

Finally, there are a few alternatives to consider if you are looking to pay for a home renovation. 

Additionally, consider postponing the improvements until you can pay in cash. Although you might be forced to deal with minor inconveniences around the house, it could save you big time. Of course, that isn’t an option if you have a major home improvement project that simply cannot wait.