Loans for home improvement
How a home improvement loan could help you.
You might have a growing family, a tired-looking kitchen - or perhaps your home needs new windows? If you’re looking for a home improvement loan, a Lloyds Bank Personal Loan could be the perfect solution to help you move forward with your plans.
Five ways to successfully manage your home improvements
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. Here are five steps to help you prepare for home improvements:
- Decide how much you will do yourself or whether you will hire a builder who acts as project manager.
- Make firm decisions about your project early on and stick to them. Changing your mind part way through can lead to delays, the need to buy more materials and higher labour costs.
- Under-budgeting is a common mistake. Be realistic rather than optimistic in your estimates. Set a minimum cost for the entire project and keep some money to one side to cover the unexpected. Monitor costs regularly.
- Ask for at least three competitive and detailed quotes from recommended contractors and check when they are available.
- Before you start any work, check if you need planning permission or building regulations, and how much this will cost, with your local authority.
Once you have a clear idea of how much your home improvements will cost, you can use our calculator to see if a Personal Loan is the right finance option for your needs.
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
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.