HOME IMPROVEMENT LOANS
HOME IMPROVEMENT LOANS
Winter won’t wait.
Prepare your castle.
Keep the cold out with a no-fee home improvement
loan. Borrow $5K-$100K with no appraisal or
collateral required.*
Winter won’t wait.
Prepare your castle.
Keep the cold out with a no-fee home improvement loan. Borrow $5K-$100K with no appraisal or collateral required.*
View your rate
View your rate
Checking your rate will not affect your credit score.✝︎
Checking your rate will not affect your credit score.✝︎
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What exactly is a home
improvement loan?
A home improvement loan is a personal loan used to pay for home repairs or renovation projects. SoFi’s home improvement loans range from $5K-$100K and they’re unsecured, which means that your house is not used as collateral to secure the loan.
Compared to a home equity loan (HELOC), which may only cover a handful of projects, a SoFi Home Improvement Loan allows you to use the money for whatever your dream home demands. And while a HELOC can require an appraisal before you can get approved, a SoFi Home Improvement Loan could get approved—and even funded—on the same day*, with no appraisal required.
View your rate
(without impacting your credit score)✝︎
Why SoFi for your home improvement loan?
View your rate
(without impacting your credit score)✝︎
-
Get your funds as quickly as the same day your loan is approved so you can get moving on your project ASAP.
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With fixed monthly payments over a set term, you’ll know when and how to pay off the debt up front, so you can keep your project at or under budget.
-
Our home improvement loan is an unsecured loan—meaning your home equity, or anything else, is not on the line.
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Surprises are almost inevitable with any home renovation. But not with your SoFi Home Improvement Loan—you’ll find no fees, and no surprises.
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See how our Home Improvement Loans compare.
Bringing out the greatness in your home calls for a great way to fund it—and you have options. But choosing to finance your next home improvement project with a SoFi Personal Loan can help keep your budget fixed without giving up your home’s equity or putting up collateral.
57‘,
‘No fees’,
‘Fixed’,
‘$5,000–$100,000’,
‘No’,
‘No’,
]}
competitorCards={[
[
‘HELOC’,
‘Varies’,
‘Varies’,
‘Variable’,
‘Up to your home’s equity’,
‘Yes’,
‘Yes’,
],
[
‘Credit Card 6‘,
‘12.00%—22.86% 6‘,
‘Up to $500’,
‘Compounding’,
‘Varies’,
‘No’,
‘No’,
],
]}
/>
Feeling good in your home matters—now more than ever.
As we’ve all been spending a lot more time at home, it’s easy to understand why we want to realize our homes’ greatest potential—because investing in our homes directly improves our quality of life. So whether you envision a small cosmetic refresh or taking it down to the studs, SoFi’s got you covered. Here are just a few home improvement projects you might be considering.
Kitchen remodeling
The kitchen has long been called the heart of the home, and over the past year or so, your kitchen’s heartbeat has been rigorously tested. Did it pass? If your kitchen could use a few modifications—or the works—consider that an industry standard for kitchen remodeling projects is 10% of your home’s value. Source: Forbes Advisor.
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Landscaping
Enhance your home’s curb appeal in your front yard or expand your living space with a deck or patio in the backyard. Landscaping can cost anywhere from $4 per square foot for basic or intermediate services, all the way to $40 per square foot for a full makeover landscape design (excluding labor). No matter what your project, landscaping can add to your home’s value while allowing your family to enjoy some fresh air. Source: Forbes Advisor.
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Home gym
Make any space work just as hard as you do by converting to a home gym. The need for this functionality came into focus at the beginning of the pandemic and the cost depends on a lot of factors like square footage and equipment. But the return on this type of investment on a day-to-day basis can prove to be invaluable.
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Energy efficiency updates
With more time spent at home, you may have noticed your utility bills going up. It might be time to invest in eco-friendly upgrades that could save you money—and help save the planet. Think solar panels, energy-efficient windows and appliances, programmable thermostats, and geothermal energy. Even small modifications could have a positive effect, and not just on your bills.
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Here’s the process of getting a SoFi Home Improvement Loan:
View your rate.
Get pre-qualified online with no fees and no obligation.
Select your loan & apply.
Choose the loan that works for you and complete your application.
Receive your funds.
Sign your documents and funds will be wired to your account—as soon as the same day.*
View your rate
(without impacting your credit score)✝︎
Home improvement loan tools,
tips, resources, and more.
Our online resource center provides you with over 500 articles, budgeting tools, and guides—all with the goal of helping you Get Your Money Right®.
Get started in 60 seconds.
Speed matters. Which is why you can view your rate on a SoFi Home Improvement Loan in one minute—literally.
View your rate
(without impacting your credit score)✝︎
FAQs
What is a home improvement loan?
A home improvement loan is a personal loan used to pay for home repairs or renovation projects. Unsecured home improvement loans means that your house is not used as collateral to secure the loan.
How do home improvement loans work?
Loans for home improvement can cover a range of projects from small installations to major renovations. These loans are investments to potentially increase the value of a home. If a homeowner doesn’t have cash to fund these home repairs or renovations, then using loans for home improvements could be a viable option to improve their property.
Learn more: How Do Home Improvement Loans Work?
What qualifies for a home improvement loan?
A home improvement loan isn’t a specific type of loan, but a personal loan used to maintain, repair, or improve a home. These unsecured loans are approved based on creditworthiness and other personal financial factors.
How is a home improvement loan different from refinancing or a home equity loan?
Personal loans for home improvements are separate unsecured loans, meaning they are not tied to the value of your home and your home is not put up as collateral. A HELOC, or home equity line of credit, is a loan which allows you to draw from the existing equity of your home as cash to finance things like large home renovations. A cash-out refinance involves refinancing your mortgage for more than the principal and converting the extra amount to cash, typically to finance home improvements or renovations. Each loan for home improvements has advantages and disadvantages, depending on your needs and financial situation.
Learn more: Home Equity Loans vs. Personal Loans for Home Improvement
Is a home improvement loan better than using a credit card?
Credit cards typically have high interest rates. Home improvement loan rates tend to be lower, making monthly payments more manageable or saving money from interest accrual over the lifetime of the debt. If you’re considering applying for a home improvement loan, it’s worth researching the terms, rates, and criteria.
How long can you finance a home improvement loan?
Home improvement loan terms vary depending on the lender. SoFi Personal Loans have term options ranging from 2-7 years.
What credit score do I need to be approved for a home improvement loan?
Applying for a home improvement loan will require meeting your lender’s criteria. Since most home improvement loans are unsecured (meaning they don’t require collateral) this criteria assures the lender that you can repay the loan. Lenders will typically evaluate your credit score, income, and debt-to-income ratio, among other factors. There is no minimum credit score required to secure a personal loan, but lower scores could affect your eligibility, terms, or rate—depending on your lender.
How quickly can I get a home improvement loan?
The approval process for home renovation personal loans varies, depending on your lender. Here’s how it works with SoFi: Once your application is complete and verified, if you are approved for a home improvement loan, you will receive a Loan Agreement for electronic signature. Once you’ve signed the document electronically, we will give you a call to confirm your address and welcome you to the SoFi Community, and then your funds should generally be available within a few days.
Are home improvement loans secured or unsecured?
The SoFi Personal Loan is an unsecured loan. This means that it is not tied to your home and you do not need to provide collateral for the loan.
What is the minimum and maximum I can borrow with a SoFi Personal Loan?
With the SoFi Personal Loan, the minimum amount you can borrow is $5,000 in most states and the maximum is $100,000.
See all FAQs
✝ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Loans originated by SoFi Lending Corp. or an affiliate (dba SoFi) are subject to state restrictions and may not be available in all states, such as MS; see SoFi.com/eligibility-criteria for details and state restrictions.
SoFi Lending Corp. or an affiliate is licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. NMLS #1121636 (www.nmlsconsumeraccess.org).
Personal Loan Rates and Terms: Fixed rates from 8.74% APR to 35.49% APR reflect the 0.25% autopay discount. SoFi rate ranges are current as of 12/17/25 and are subject to change based on market conditions and borrower eligibility. SoFi Personal Loans are not available to residents of MS. Interest-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a SoFi loan. Minimum loan requirements might be higher than $5,000 in specific states due to legal requirements and interest-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a SoFi loan. The average of SoFi Personal Loans funded in 2020 was around $32k. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.
Subject to receipt of required documentation, underwriting guidelines, and processing time by your institution. Loans for amounts over $20,000 may require additional underwriting review time. Funds are disbursed via ACH as soon as the next business day after approval and acceptance of terms.
The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 8.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees; specifically, no origination fees, no late fees, no prepayment penalties.
PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,366.97–$1,763.32 for a total amount of payments ranging from $32,807.19–$42,319.74. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.
* Same-Day Personal Loan Funding: 86% of typical SoFi Personal Loan applications, excluding Direct Pay Personal Loans and Personal Loan refinance, from January 1, 2021 to December 1, 2021 that were signed before 7pm ET on a business day were funded the same day.
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