- Home
- What people borrow for
- Home repairs
Home Repair Loans
Some repairs get more expensive every week you wait. Borrow $200 to $5,000 unsecured, with no equity and no lien on your home.
Home repairs divide into two groups: the ones that get worse and more expensive if you wait, and the ones that can sit until you have saved. Borrowing is usually justified for the first group. A roof leak damages the structure, a failed furnace in January is a habitability problem, and a burst pipe costs more every hour.
| Key loan information | Details |
|---|---|
| Loan amount | $200 – $5,000 |
| Term | 14 days to 24 months |
| Representative APR | 17.99% – 400% depending on product |
| Collateral | None required |
| Credit check | Soft inquiry, no FICO® impact |
| Funding | Same or next business day |
| Paid to | Your checking account, not the provider |
Urgent versus deferrable
| Gets worse if delayed | Usually can wait |
|---|---|
| Roof leaks and flashing failures | Cosmetic work and redecorating |
| Burst or leaking plumbing | Kitchen and bathroom upgrades |
| Failed heating in winter | Landscaping and fencing |
| Electrical faults and panel issues | Flooring replacement |
| Water heater failure | Window replacement for efficiency alone |
Matching the amount
| Job | Rough cost range | Structure that usually fits |
|---|---|---|
| Plumbing call-out or a small leak | $200–$800 | Payday loan or short installment |
| Water heater replacement | $1,000–$2,500 | Installment over 12 months |
| Roof repair, as opposed to replacement | $500–$3,000 | Installment over 12–24 months |
| Furnace or HVAC repair | $1,500–$5,000 | Personal loan if you qualify |
Ranges depend heavily on where you live and the age of the property. Always get the written estimate before deciding the loan amount.
Worth checking first
- Your homeowners insurance. Sudden damage such as a burst pipe is frequently covered; gradual wear is not. One call establishes which you have.
- Weatherisation assistance programs, which cover insulation and heating efficiency work at no cost for income-qualifying households.
- Contractor financing, often offered at 0% for a promotional period on larger jobs.
- Two or three estimates on anything above $1,000. The spread is regularly hundreds of dollars.
Other things people borrow for
Car repair · Medical bills · Rent & utilities · Moving costs · Vet bills
Frequently asked questions
Can I get a home repair loan without equity?
Yes. Our home repair loans are unsecured personal and installment loans of $200 to $5,000, so no equity is required and no lien is placed on your property.
What home repairs should I borrow for?
Repairs that worsen with delay: roof leaks, burst plumbing, failed heating in winter, electrical faults and water heater failures. Cosmetic and upgrade work is usually better saved for.
Will my insurance cover the repair?
Sudden, accidental damage such as a burst pipe is frequently covered; gradual wear and lack of maintenance generally is not. One call to your insurer establishes which applies before you borrow.
I rent. Should I pay for the repair myself?
Usually not. Repairs to the structure, heating and plumbing are typically the landlord's responsibility. Put the request in writing and check your state's repair-and-deduct rules before spending your own money.
Borrow $200 to $5,000 for any purpose
Apply in about five minutes and get a decision in minutes. Checking your rate won't affect your FICO® score.