Home Improvement Loan

Dreaming of updating your home or garden? we could help make your dreams a reality with an affordable Home Improvement Loan to suit you.

Whether its a large project like a new kitchen or bathroom or just a fresh lick of paint or glamming up your outdoor space, a Home Improvement Loan from The Co-op Credit Union could unlock your plans and help you create the home you’re dreaming of. We’re also here to help spread the cost of unexpected repair bills when emergencies strike.

Home improvement loans are one of our most popular products, and every year, we help hundreds of members get their plans off the ground with our affordable and flexible loans. Borrow from just £50 up to £15,000 at competitive rates and payback at a pace to suit you.

With a quick decision, once approved you’ll have the cash on hand putting you in a strong position to shop around for the best prices on whatever you need to buy.

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Why chose us?

  • We could save you money compared to borrowing on your credit card, overdraft or in-store credit plans:  try our loan calculator to see how much you could save

  • Our interest rates are competitive because we’re a not-for-profit organisation owned by members and run for the benefit of members.

  • Our loan decisions are made by people, not computers. If you’ve been turned down elsewhere, we may still be able to help.

  • We also pride ourselves on being fair and transparent – there are no hidden charges or early repayment penalties with our loans and we only charge interest on the reducing loan balance to save you money.

  • With a credit union, you also save as you borrow – so you’ll build up a pot of savings for future use.

  • Repayments are taken by payroll deduction (for qualifying members), or direct debit making repayments easy.

    Please note, all loans are subject to our lending policy and affordability checks. See below for further details.

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Representative example

£5,000 loan, over 48 months. 48 x monthly repayments of £138.58, Total repayable £6651.84. Total cost of credit £1,651.84 APR 15.8%. 
Minimum term of loan 1 week, maximum term 5 years. Minimum APR 11.8%, maximum APR 34.8%. Example is for illustrative purposes only

Try our loans calculator to get an idea of what your monthly payments might be

Loan FAQs

We’ve answered some of the most commonly asked questions here in our FAQs below- from how we make loan decisions to how long it takes to receive a loan, but if there’s something else you’d like more information on, please get in touch, the team will be happy to help.

All loan applications are subject to our Loan Approval Policy. Members who have been declined for a loan with us in the last 3 months are not eligible to apply. We will check your credit history and assess the affordability of loan repayments by reviewing your bank account(s). We may also request additional supporting information depending upon your circumstances, such as payslips, ID documents or immigration paperwork. All lending decisions are ultimately at the discretion of our team. We always do our best to say “yes” but unfortunately that is not always possible. We will be happy to provide information about how we made any decision upon request.