Home Improvement Loans

It's a kind of personal loan used to finance home improvements. You can use a home improvement loan to pay contractors or cover the costs of materials. Take on projects such as adding a room, remodeling the kitchen or bathroom, installing solar panels, landscaping the yard, making repairs to the roof, replacing floors or pipes, and much more.

They work just like other personal loans. There is no collateral required, meaning you don't have to sign over your home or other assets to secure the loan. The whole process can be completed in day(s) or even hours, where other financing might take longer. Plus, you'll have a fixed interest rate and monthly payment for the life of the loan.

The first step is to check your loan options. To see your rate and payment options with no impact to your credit score, click here. If you find a loan option you like, you can easily apply in minutes, and most customers get a same-day credit decision. If you're approved, you could have funds as early as the same day you sign for your loan, like 97% of our customers do. That means you can get started on your next home project without delay.

One of the main differences is that, with a personal loan, you don't need to provide collateral to secure the loan. That can make the application, approval, and funding processes much shorter — typically just a few days, if not hours. With a home equity loan, it can take weeks to evaluate your home, receive approval, and receive funds. And with a Wells Fargo person loan, there are no hidden fees — no origination or closing fees, and no prepayment penalty.