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Home Improvement Loans

A perfect way to help finance that home project you’ve always wanted to undertake. An NIHFCU Home Improvement Loan is a great option when you don’t have the cash on hand or the equity in your home to renovate, upgrade, or remodel your property.

  • Great low fixed rates1

  • Amounts up to $40,000

  • Terms of 36, 48, 84, and 120 months

  • No collateral, no inspections, and no origination fees2

  • Optional Loan Guardian debt protection

  • To receive funds for this loan, a contractor’s estimate or bid/material list itemizing the improvements is required.

Looking to finance a larger project? Check out our home equity loans offering up to 133% of the available equity in your home.

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Home Improvement Loan Checkup

Get a checkup for your home improvement lending needs from NIHFCU’s home loan experts.

Rates, fees and terms as of July 15, 2024 and subject to change without notice

Financial wellness begins and ends with the facts. Here’s what you need to know!
1APR = Annual Percentage Rate. The lowest APR shown is available to applicants with excellent credit and includes a rate discount of 0.25% for automatic debit loan payments from an NIHFCU savings or checking account. If automatic payment ceases before loan is paid in full, the interest rate will increase by 0.25%. Restrictions may apply. Final rates and terms for approved applications depend on credit and payment history, payment method and other factors that may be lawfully considered. Payment example: A personal (signature) Loan amount of $10,000 at a rate of 7.49% APR for 60 months would have monthly payments of $200.33. Home Improvement Loan amount of $10,000 at a rate of 6.99% for 36 months would have monthly payments of $308.73.

2This loan is available for the borrower’s primary single-family or townhouse residence only (mobile homes, rental or investment properties are excluded).  Additional conditions may apply.