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Home improvement loans

Find the right home improvement loan for you

  • Compare loans from a wide range of providers


MoneySuperMarket is a credit broker not a lender. You must be 18 or over and a UK resident.

We compare offers from a wide range of lenders from across the market

We work with most of the big brands to help you borrow the money you need

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Why compare home improvement loans with MoneySuperMarket?

  • It’s quick and easy

    We’ll ask you a few questions about how much you’re looking to borrow and what you want to use the loan for.

  • Compare deals from leading providers

    We’ll show you a range of home improvement loan options from market-leading lenders to help you make the right choice.

  • Apply in confidence

    We’ll run a soft credit check on your finances to show you your chances of being approved.

How do home improvement loans work?

  • Compare loan deals and apply

    Search the market to find the right deal for you taking note of interest rates, monthly payments, any fees or charges and the amount you’ll repay in total.

  • Get approved and receive funds

    When ready, apply for the deal you want. You may need to answer more questions but once approved you should receive the money within a few days.

  • Repay the loan

    Start paying off the loan through agreed fixed monthly repayments. You can pay it off early although you might face an early repayment charge.

What are the pros and cons of home renovation loans?

There are advantages and disadvantages to taking out a home improvement loan, such as:

  • Tick


    • You can get your home improvement work completed more quickly

    • The renovation could be an investment – adding more value to your property 

    • You’re likely to have a choice of loan options including secured and unsecured loans

  • Cross


    • As with all loans, you’ll pay back more than you borrow due to the interest

    • You risk losing your home if the loan is secured and you can’t meet repayments

    • The loan might be more expensive if you have a bad credit score

What are the different types of home improvement loans?

There are two main types of loan available, each of which is suitable for different sorts of work. Here’s what you need to know:

  • Personal loans

    Personal or unsecured loans typically let you borrow up to £25,000 without the need to secure it on any collateral, such as your home. They often have a slightly higher interest rate or APR, and may be more suited to moderate and cheaper projects, such as redecorating and redesigning rooms. 

  • Secured loans

    These loans can enable you to borrow larger amounts, making them a better candidate for bigger and most costly home improvement projects. This is because the loan is secured against a valuable asset – usually your home. Rates are typically lower on secured loans but your home is at risk if you can’t repay.

How much will a home improvement loan cost?

How much a home improvement loan will cost depends on how much you borrow, the interest rate and any fees you have to pay. 

The amount you can borrow and the rate you’re offered will also depend on a number of factors such as your income and outgoings and your credit score

By way of example our table shows how much a £10,000 loan at 3% paid back over different terms might cost.

Use our loan calculator to work out the cost of different home improvement loan amounts.

Amount borrowed

Length of loan

Interest rate

Monthly repayment

Overall amount paid back


1 year





3 years





5 years




Interest rates are for illustration purposes only.

With a pre-approved loan, the deal you see is the deal you get

When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.

  • Apply with confidence

    When you’re pre-approved, the loan amount, duration and interest rate are all confirmed

  • Tailored to you

    When you know what you’ll be able to borrow and how much it will cost, you can choose a loan that’s right for you

  • You’re in safe hands

    This helps protect your credit score as you’re less likely to be rejected when you apply

We're 100% independent, working only for our customers

Unlike some of our competitors, MoneySuperMarket is not owned by an insurance company. So we can offer the best value, with savings delivered straight to you.

By combining independence with our excellent technology, we can negotiate the best prices and the best value on products and services.

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How to compare home improvement loans with MoneySuperMarket

Find the right loan for you and see which rates you’ll be guaranteed to get.

  • It doesn’t take long

    Tell us a little about yourself, your finances and the loan you want

  • We browse the market

    We’ll search through loans from a wide range of lenders on the market

  • Compare loans

    You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted

There are a number of things to consider before taking out a loan and the type of loan – unsecured or secured – that might suit your needs best.

An unsecured personal loan will typically only allow you to borrow up to a certain amount (around £25,000 depending on your credit score), but your home isn’t at risk if you fall into difficulties. With a secured loan you may be able to borrow more and at a more competitive interest rate, but your home is the security against the loan and could be at risk if you fall into repayment difficulties. For major renovations, remodelling and extension work, a secured loan is likely to be the only way you can borrow the money you need. Representative 29.9% APR

A renovation loan – another name for a home improvement loan – can be a good idea if you know you can afford it. 

There are several reasons why you might want to borrow money for home improvement including sprucing your home up before putting it on the market or building an extension to increase the property’s value. 

Additional borrowing is one reason to remortgage your home. In this case, you borrow more money on your mortgage and increase the overall size of your debt.

You can then use these extra funds to pay for home improvements if your lender agrees. Lenders are not obliged to lend you more money, and they can refuse requests – some lenders do not agree to remortgaging for home improvements.

A home equity loan is another name for a secured loan which uses your home as collateral. Home equity loans are lent to people who already have a mortgage, and whose property has gone up in value since they took that mortgage up – meaning they now have positive equity.

A home equity loan is borrowed against the increased value of the equity that has built up in your home since you bought it. So if your home has fallen in value, you might have more difficulty finding one.

When looking for a loan, price comparison sites such as MoneySuperMarket are a good place to start, as we can help you compare deals from across the market.

All you have to do is provide us with information about you and your finances, and tell us how much money you’re looking for, and we’ll show you a range of options to suit you. MoneySuperMarket uses what’s known as a ‘soft search’, so you won’t harm your credit score by comparing loans.

There are a number of important considerations with home improvement loans. These include:

  • How much you need to borrow and whether you take out a secured or an unsecured loan 

  • Affordability. Be sure you can meet the monthly repayments. Our loan calculator can help with this

  • Your credit score. How much you can borrow and the interest rate you’re offered will depend on your credit score so take steps to get it in the best possible shape

  • Risks. If you take out a secured loan your home will be at risk if you get into difficulties and can’t repay lt on your loan, you may lose your home.

You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

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You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.