Lenders offer home improvement loans as unsecured options, meaning you don’t need collateral. These loans differ from home equity loans, which use your home as security and typically offer lower rates but carry higher risks.

Fortunately, some lenders offer home improvement loans to borrowers with lower credit scores, though interest rates may be higher and terms can vary.

Loan amounts typically range from $1,000 to $100,000, depending on your creditworthiness and the lender’s policies.

Interest on home improvement loans may be tax-deductible when used for substantial renovations or improvements. Consult a tax professional for guidance.

Once approved, funds are often available within one to three business days, allowing you to start your project right away.

Most lenders don’t require proof, though some may request a general description of your intended project during the application process.

You can divide the loan among several projects, provided the combined cost fits within your approved limit.

At Wise Owl Loans, we make the application process simple and hassle-free. Here’s how it works:

1: Fill Out the Form

Select your loan purpose (debt consolidation, home improvement, etc.), enter the amount you need, and provide some personal information.

2: Get Offers

Receive loan offers tailored to your needs, including options with the lowest APR, best repayment terms, and top-rated lenders.

3: Compare your options

Review loan terms like interest rates, monthly payments, and repayment periods to find the perfect fit.

4: Apply with your lender

Once you choose a lender, complete their application using the information you’ve already provided to save time.

5: Receive your funds

Once approved, funds are typically deposited into your bank account quickly—often within one business day.

6: Use your loan

Whether you need it for consolidating debt, covering an emergency expense, or funding a major purchase, your loan is always ready when you need it.

Let us help you find the right loan with ease and confidence!