Quick Approval
Submit minimal documentation and
you may be approved in
as little as 24 hours.
Improvements your whole family will love
From a custom kitchen to an inground pool, our home improvement loans can help you transform your space into an oasis you won’t want to leave.
Industry-leading personal loan features
We provide a best-in-class lending experience that will meet your needs — and exceed your expectations.
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Large loan amounts — up to $200,0002 -
Affordably low monthly payments
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Approval in as little as 24 hours3
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Funding in as few as 5 days3
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Premium service 7 days a week
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No personal collateral required
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No lockout period or prepayment penalty
How to get your
Home Improvement Loan
Streamlined Application
Get started online or apply
over the phone with no
cost or commitment.
Fast Funding
Review your terms and receive your
funds via wire transfer in as few
as 5 days.
Understanding Home Improvement Loans
Once you apply and are approved for a home improvement loan, you will receive your funds. In our case, a home improvement loan is a type of personal loan solution, which offers a fixed repayment schedule and extended terms. Our extended terms provide affordably low monthly payments that are easy to manage.
A home improvement loan is financing you take out to renovate, remodel, or improve your home. Home improvement loans can be used for minor or major projects.
A home equity loan works as follows:
1. You borrow money against the equity that you currently have in your home.
2. Depending on multiple factors including the value of your house and how much you have left to pay on your mortgage, you may be able to borrow between 80% and 90% of your home’s value, less your mortgage.
3. Your loan is tied to an interest rate and are given monthly payments to pay back your loan.
Home equity loans are secured loans, which means you put up your home as collateral. In the event you cannot pay back the loan, you could lose your home. Meanwhile, at BHG Money, our home improvement loans are unsecured personal loans, which allow you to borrow money to improve your home without providing any personal collateral.
Yes. You can use a home improvement loan to pay for a pool. Our home improvement loans can be used to cover anything from minor renovations to major remodels and improvements. Here are some other projects you may consider with a home improvement loan:
- Bathroom remodel
- Custom kitchen
- Roof replacement
- New appliances
- Foundation repair
- Basement remodel
- Home addition
To apply for a home improvement loan from BHG Money, follow these three steps:
1. Estimate your payment in as few as 30 seconds
2. Apply online or call our US-based team 7 days a week
3. Get funded in as few as 5 days
When it comes to the best loan for home improvements, you have multiple financing options to choose from. These include:
- Personal loan
- Home equity loan
- Home equity line of credit (HELOC)
- Cash-out refinance
- FHA 203(k) rehab loan
Our personal loans provide up to $200,000 in as few as 5 days, allowing you to complete even your largest projects1. Unlike with home equity loans or HELOCs, you do not have to tap into your home’s equity with a personal loan.
Yes, a certain portion of a home improvement loan may be tax-deductible, namely the loan interest paid. However, you must meet certain requirements, including that the funds must be used to make significant improvements to your home and not for routine maintenance.
We recommend that you consult your accountant for information related to tax deductions.
Yes, the amount of loan interest you pay on a home improvement loan may be tax-deductible if you use the funds to make significant improvements to your home and meet all other applicable tax requirements. Consult your accountant for information related to tax deductions.
- You borrow money against the equity that you currently have in your home.
- Depending on multiple factors including the value of your house and how much you have left to pay on your mortgage, you may be able to borrow between 80% and 90% of your home’s value, less your mortgage.
- You loan is tied to an interest rate and are given monthly payments to pay back your loan.
1Consumer loans funded by one or more participating lenders. Equal Housing Lenders. 
2Terms subject to credit approval upon completion of an application. Loan sizes, interest rates, and loan terms vary based on the applicant's credit profile. Finance amount may vary depending on the applicant's state of residence.
3There is no impact on your credit for applying. For personal loans, a complete credit history, which will appear as an inquiry on your credit report, will be performed upon acceptance and funding of the loan and may impact your credit..
Annual percentage rates (APRs) for BHG Money personal loans range from 13.39% to 24.91%, with terms from 3 to 10 years.
Personal Loan Repayment Example: A $59,755 personal loan with a 7-year term and an APR of 17.2% would require 84 monthly payments of $1,229.
For California Residents: BHG Money loans made or arranged pursuant to a California Financing Law license - Number 603G493.
IMPORTANT INFORMATION ABOUT ESTABLISHING A NEW CUSTOMER RELATIONSHIP
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer. What this means for you: When you apply for a loan, we will ask for your name, address, date of birth, social security number and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents. If all required documentation is not provided, we may be unable to establish a customer relationship with you.
