Get a Home Improvement Loan
Shower your home with a home improvement loan from Prosper
Whether you want to remodel your kitchen, replace your roof, add another room, or just refurnish your home, Prosper home improvement loans can help. We make financing any project easy!
Instead of starting the long search for a new home, think about remodeling and building upon your existing equity with unsecured home improvement loans through Prosper.
It's easy! Join as a Prosper borrower and we'll walk you through the entire process of getting a home improvement loan. There's no collateral required, and your rate will never change.
Home improvement possibilities
Use your Prosper home improvement loan for:
- Remodeling your kitchen or bathroom
- Adding new furniture or appliances
- A new outdoor deck or garden
When home equity loans aren't right for the job
Traditionally, funding for home improvement projects has been through credit cards and home equity loans—but they're not perfect for every situation.
A home equity loan can be tacked onto your existing mortgage or added as new debt. Often, it can require mortgage-sized fees and inspections. For small home improvement loans, this is often neither cost effective nor time efficient. Furthermore, many homeowners who would have been eligible for a home equity loan to finance larger projects a few years ago no longer are: property values have plummeted, and banks have tightened their home improvement loan restrictions.
Credit cards have gotten a bad rap lately — and in some cases for good reason. The temptation to run up credit card debt can get you in big trouble. Planning your entire home improvement project in advance and getting a home improvement loan helps prevent impulse overspending. With Prosper home improvement loans, your interest rate is set and never increases during the life of your loan—you know it will be paid off completely by the end of the term. A credit card can take years (even decades) to pay off, particularly if you stick to the minimum payment.
It's easy to start: just apply online
Applying for home improvement loans the old, traditional way can be a daunting task.
With Prosper, you can apply for a low interest loan online, from the comfort of your home.
Apply now and see how easy a home improvement loan can be.
Does my credit score affect my loan?
Yes. Most lenders will look at your credit history, and Prosper lenders are no exception. If you are sure you have bad credit, you may want to consider improving it before you apply. If you are not sure of your credit score, we can help you find out now, for free, with no obligation.
The Prosper community does not require "perfect credit." If you have an average to an above average credit rating, one way to expedite your loan funding is to ask another Prosper member (especially a lender) to endorse you. Don’t know any other Prosper members personally? Invite a friend to join.
APR starting at
* Based on one year personal loans made to first time borrowers with an AA Prosper Rating. To qualify for an AA Prosper Rating, applicants must have excellent credit and meet other conditions. APRs by Prosper Rating range from 5.99% (AA) to 36.00% (HR) for first time borrowers. The average APR for borrowers during the period May 1, 2014 through October 31, 2014 was 17.87%. Rate offered is based on Prosper Rating and other factors, and your actual rate may differ. Eligibility for a loan is not guaranteed and requires that a sufficient number of investors commit to fund your loan. Refer to Borrower Registration Agreement for all terms and conditions. All loans made by WebBank, an FDIC-insured, Utah-chartered Industrial Bank.