Home improvement personal loan details and benefits

You can use personal loans for home improvement projects such as a new addition, a pool or other renovations. Here are four things you need to know:

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APR as low as X.XX%1

Our fixed APR ranges from X.XX% to 24.99%. Current U.S. Bank clients can choose a term from 12 months to 84 months to pay back the loan (maximum 60 months for non-clients).1

Amounts up to $50,000

If you’re a U.S. Bank client, you can apply for $1,000 up to $50,000 (non-clients may be able to borrow up to $25,000). If approved, you’ll pay the same amount with a fixed APR every month for the length of your term.1 There are no origination fees and no prepayment penalties as you pay off the loan.

No collateral required

A personal loan for home improvement doesn’t require your home or car as collateral, so you won’t have to deal with inspections or appraisals.2 It may be a good option if you don’t qualify for a home equity loan or line of credit.

Credit considerations

We consider your credit score, debt-to-income ratio, credit history and other factors when making approval decisions. The final loan amount, APR and estimated monthly payment may vary based on your credit score and other credit qualifiers.

Find out more about credit scores.

Not a U.S. Bank client? Explore our checking account options.

Not sure what your home improvement project could cost?

We’re happy to help. Just answer a few quick questions and we’ll give you a personalized estimate.

Use this home improvement personal loan calculator to estimate your monthly payment.

For how many months?

Enter any loan term from 12 to 84 months. For those who aren’t current U.S. Bank clients, the maximum term length is 60 months.

What's your credit score range?

How to get a personal loan for home improvement

Get quick access to funds with our easy and secure online application process. Applying for a home improvement personal loan only takes a few minutes. Loans are issued based on creditworthiness.

Step 1: Check your rate.

We’ll ask a few questions about you to do a soft credit check, which won’t affect your credit score.

Step 2: Apply.

When you’re ready to apply, you’ll need:

  • Social Security number (SSN)
  • Home address and employment information

You can apply with another person. If you apply with a joint applicant, their income and credit background are also considered and may affect your interest rate or loan amount.

Once you submit your application U.S. Bank will request a full credit report, which may affect your credit score.

Typically we’ll notify you with your loan approval status in less than a minute.

Step 3: Close on your loan.

If your loan is approved and you’re a U.S. Bank personal checking or savings client, you may close your loan online. If you don’t have a U.S. Bank personal checking or savings account, you may need to visit a U.S. Bank branch to close your loan.

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  1. Personal loan: As of February 12, 2024 the fixed Annual Percentage Rate (APR) ranged from 8.74% APR to 24.99% APR, and varies based on credit score, loan amount, purpose and term. Minimum loan amount is $1,000 and loan terms range from 12 to 84 months (up to 60 months for non-customers). The lowest APR in the range is available on loans of $10,000 or more with a term of 12-36 months, a credit score of 800 or greater, purpose of home improvement and includes discount for automatic payments from a U.S. Bank or external personal checking or savings account. Automatic payments and U.S. Bank personal checking or savings account are not required for loan approval. Electronic funding to a non-U.S. Bank account requires verification and can take one to four business days. Not all loan programs are available in all states. The Consumer Pricing Information disclosure lists fees, terms, and conditions that apply to U.S. Bank personal checking and savings accounts. This disclosure can be obtained by visiting a U.S. Bank branch or calling 800-872-2657. Loan payment example: on a $10,000 loan for 36 months, monthly payments would be $316.79 and APR of 8.74% with automatic payments from a personal checking or savings account and for the purpose of home improvement. Maximum loan amounts may vary by credit score. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice.

  2. Home Improvement Personal Loan Collateral: A home improvement personal loan is for customers who prefer financing without using collateral. There are other less costly home improvement product options with property as collateral. You may be able to borrow up to $50,000 ($25,000 if you are not a U.S. Bank customer) with fixed interest rates, flexible loan terms and no annual fees.

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Installment loans are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.