Why Unsecured Loans for Home Improvement?Apply Now
Unsecured home improvement loans are used mostly for smaller home improvements like fixing racks and leaks, renovating the rooms or building a small pool or room, this will add value to your home.
It is a loan where you are not supposed to put any collateral with the lender, the loan is provided without any asset put as surety. This will cost reliable interest rates to the borrower.
You can get the loan approved with no credit check. As this loan is an unsecured loan type, and no guarantor is required, we impose considerable APR on the loan.
Reasons to Use Home Improvement Loans
Let money not be a problem for fulfilling your needs. Look out for benefits before applying.
Flexibility to Use
No Collateral Requires
Reliable Interest Rates
Frequently Asked Questions
Typically, a Home Improvement loan is a type of short-term loan that is availed to meet immediate financial requirements for repairing or renovating your home. For such loans, the money is credited by a credit union or a financial lender to the borrower. It is usually an unsecured loan and is available for bad credit scores. Since there is no surety, considerable APR will be imposed depending on the loan amount and other factors.
A Home Improvement Loan is typically used for improving or refurbishing your home, which can cost a lot sometimes. It can be availed quickly from a financier without much hassles or paperwork. So, they are considered to be the most preferred loans during financial exigencies. The loan can be repaid as manageable amounts over a scheduled time period. The borrower will have to pay the loan amount along with the interest rates for the pre-decided payment tenure.
At FleetQuid, our lenders provide loans for any amount in between £100 up to £5000, imposing 36% Representative APR (variable). You can choose the amount depending on your requirements. However, it is wise to choose an amount that you may need immediately because the Home Improvement loans are unsecured and come with considerable APR depending on your loan amount and other factors.
At FleetQuid, our financiers will not impose any restrictions on how you should use your loan money. However, it is better you use it for genuine purposes. Although the Home Improvement loans are used for repairing or renovating your home, you can also use the loan amount to repay consolidated debts, for medical emergencies, to make purchases, etc.
You will probably be the right person to decide that for yourself. You could explore regarding Home Improvement loans, the pros and cons, or you could talk to one of our representatives who will give you an insight into Home Improvement Loans. You can then choose depending on your preferences and needs.
The best way to keep a good credit score history is to make your payments on time. If you already have a bad credit score, you could use a Home Improvement loan to payoff consolidated debts apart from using them for improving your home in order to help build the credit score. You should repay this Home Improvement loan on time to retain the good score.