How our home improvement loans work

  • Borrow between £1,000 and £50,000 over 1-7 years.
  • For completed applications the money will be in your account the same day; 9am-8.30pm, or before 9am the next working day.
  • It's easy to keep track of your loan using Internet Banking or the Mobile Banking app. You can also phone us or visit us in branch.
  • The amount you can borrow and rate offered will depend on your personal circumstances.

What are the benefits?

With a home improvement loan you could benefit from:

  • Spread the cost of making essential repairs.
  • Move forward with your plans, such as refreshing or extending your home.
  • Improve efficiency with insulating, installing solar panels or a new heating system.
  • Make room for a growing family with flexible repayment options to suit your budget.
  • 6.7% APR Representative on loans between £7,500 - £25,000 over 1-5 years.

Other amounts and terms are available at different rates.

Energy-efficient home improvements

Find out how you can check your homes energy performance rating and how you can make your home more sustainable.

Sustainable improvements

Apply for a home improvement loan

To apply for a home improvement loan, you need to:

  • be aged 18 or older
  • be a UK resident (excluding Channel Islands and the Isle of Man)
  • have held a Lloyds Bank current account for at least 1 month
  • be in paid employment or have a regular income and are not a full-time student
  • have a good credit score, with no history of bad credit, such as County Court Judgements (CCJs) or bankruptcy.


Apply now

Representative example

You could borrow £10,000 over 48 months with 48 monthly repayments of £237.16. Total amount repayable will be £11,383.68 Representative 6.7% APR, annual interest rate (fixed) 6.5%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. The maximum APR is 29.9% APR.

Things to consider

Deciding how much to borrow - have you set the cost of your home improvements at the right level?

Create a plan - thorough preparation is the secret to a successful project. Making a plan at the outset will give you a good idea of how long the work could take and the costs involved.

Other borrowing options - there may be other borrowing options that are better suited to your personal circumstances.

Loan calculator

Use our handy loan calculator to work out how much your loan payments could be. It will give an indication of monthly payments and APR.

Find out your personalised rate by logging on to Internet Banking.


Offering you flexibility

Once your loan is agreed, the money could be in your account the same day, 9am-8.30pm, or before 9am the next day.

Repayment holidays -
you can apply for up to two repayment holidays of 1 month in a rolling 12-month period, if approved.

Make extra payments with no extra charge.

Pay off your loan early if you want. Just be aware, we could charge up to 58 days' interest for early settlement, but you are still likely to save on interest repayment overall.

Get a quote in minutes

Log on to Internet Banking to get a personalised quote.

  • Tell us how much you want to borrow and over how long to get a quote in minutes.
  • This won't affect your credit score.
  • If you go on to apply, you’ll get an instant loan decision online.
Log on to get a quote

Frequently asked questions

  • A home improvement loan is a personal loan you can use to pay for updates to your home, such as a new kitchen or an extension.

    Before applying for a home improvement loan, we’d recommend getting quotes for the project to get an idea of the loan amount you’ll need.

    Once you’re sure of the loan amount needed, you can use our loan calculator to get an idea of what your monthly repayments may look like. You can also get a personalised quote by logging on to Internet Banking. Usually, we'll tell you how much you could borrow and if you're likely to be approved, before you apply.

    If your loan is approved, you could have the money in your account the same day. You can then pay the suppliers or contractors for your home improvements and pay back the loan to us as per the agreed terms.

  • Yes, as a home improvement loan is a personal loan. If you decide you’d rather not use it to pay for home renovations, you can use it for just about anything else.

    There are some restrictions. We can’t issue loans intended for:

    • Any illegal activity.
    • Speculative purchases such as gambling, investments and share purchases.
    • Business-related purposes.
    • The purchase or lease of land or property, either in full or in part. This includes deposits.
    • Timeshares/holiday clubs.

    These limits apply whether you want to borrow money for yourself, or to support someone else. For example, you can't take out a loan and give the money to a family member as a deposit for a house.

  • Getting a personalised quote with us does not use a credit check or affect your credit score.

    When you apply for a home improvement loan, we will perform a credit check. This is to help us understand how likely you are to pay the loan back. Learn more about how credit checks work.

  • Home improvements can be significant investments, so it’s important to pick the best borrowing option for you. Other borrowing options include: 

    • Remortgaging

    This is where you switch your existing mortgage to a new lender. If you have some equity in your home, you may be able to borrow more on your new mortgage to pay for your home improvements. Early repayment charges may apply on your existing mortgage. 

    Read more about Lloyds Bank remortgages.

    You could lose your home if you don't keep up your mortgage repayments.

    • Additional Borrowing

    Another potential option is to borrow more money on your existing mortgage to pay for home improvements. This is called Additional Borrowing. Conditions apply. 

    Find out more on Additional Borrowing.  

    You could lose your home if you don't keep up your mortgage repayments.

    • Credit Card

    For small home improvements, a credit card may be a more suitable option than taking out a loan. Credit card lenders may offer introductory offers of 0% or low interest for a set amount of time.

    With this borrowing option, consider whether or not you will be able to fully repay the outstanding balance before the end of the introductory period in order to avoid higher interest charges.

    Read more about our Credit Cards.

    Learn more about ways to pay for home improvements.

Other ways to apply

Apply over the phone – call us on 0330 123 3890.

Speak to an adviser  8am-8pm Monday to Friday and 9am-6pm Saturday and Sunday. Closed Bank Holidays.

Apply in branch  our local branch will be happy to help you apply for a loan.

Find your nearest branch


How much we lend and the rate available are subject to our assessment of your circumstances. You must be 18 years of age or over and a UK resident. You must have had a Lloyds Bank Current Account for more than one month.