Home improvement loans

A home improvement loan is a personal loan that you use to make improvements or repairs to your home.

Important information: How much we lend and the rate available are dependent on our assessment of your circumstances. You must be age 18 or over and a UK resident. You must have had a Lloyds Bank current account for at least one month.

How our home improvement loans work

  • Borrow between £1,000 and £50,000 and pick a term over 1-7 years.
  • If approved, the money could 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.

Using a home improvement loan

You can:

  • 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.

Energy-efficient home improvements

Learn how to assess your home’s energy efficiency and make it more sustainable.

Sustainable improvements

Apply for a home improvement loan

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

  • be age 18 or older
  • be a UK resident (except for the Channel Islands and the Isle of Man)
  • have held a Lloyds Bank current account for at least one 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

Things to consider

Deciding how much to borrow - Will you be able to afford to pay the loan back if your circumstances change?

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.

 

Good to know

If approved, the money could be in your account the same day, 9am-8.30pm, or before 9am the next working day.

Repayment holidays - apply to take up to two non-consecutive repayment holidays of one month each in a rolling 12-month period (subject to approval).  

You’ll need to have made at least one repayment towards your loan, and have a Direct Debit in place before you can apply.

You won’t need to make your usual repayment during your repayment holiday, but we’ll still charge daily interest on your loan balance.

This means that you’ll end up paying more overall, and your loan’s end date will be extended by one month each time.

Make extra payments with no extra charges.

Pay off your loan early if you want. We may charge up to 58 days' interest for early settlement.

Getting your quote

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.
  • This won't affect your credit score.
  • If you go on to apply, you’ll get a 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.

    You can 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. Then 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:

    • Gambling
    • Investments, such as stocks, shares and crypto currency
    • Business reasons
    • Land or property – buying, leasing or paying a deposit
    • Timeshare or Holiday clubs
    • Anything illegal

  • 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'll 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 is 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 if you can fully repay the outstanding balance before the end of the introductory period to avoid higher interest charges.

    Read more about our credit cards.

    Learn more about ways to pay for home improvements.

More about loans

When are loans helpful?

Choosing the right way to borrow

Which loan is right for me?
 

Further Support

Help and guidance

Other borrowing options

Borrow more

Manage your existing loan