{"id":744622,"date":"2018-08-16T21:43:36","date_gmt":"2018-08-17T01:43:36","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=744622"},"modified":"2026-02-18T14:27:51","modified_gmt":"2026-02-18T19:27:51","slug":"home-improvement-loans","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/home-improvement-loans","title":{"rendered":"9 ways to finance home improvement and repairs"},"content":{"rendered":"<p>Fixing your home can be expensive, but it may be necessary to help increase your home\u2019s value, make your home more accessible or let you repair unexpected damage. If you don\u2019t have the savings to cover the cost, you can consider a range of different financing options. Learn more about how you can finance your home renovations or emergency repairs below.<\/p><h3>Compare financing options for home improvement and repairs<\/h3><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 18%;\" scope=\"col\">Loan provider<\/th><th style=\"text-align: left; width: 14%;\" scope=\"col\">Interest rate<\/th><th style=\"text-align: left; width: 14%;\" scope=\"col\">Loan amount<\/th><th style=\"text-align: left; width: 14%;\" scope=\"col\">Loan term<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Key features<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Link<\/th><\/tr><\/thead><tbody><tr><td><strong><img decoding=\"async\" class=\"alignnone size-full wp-image-949059 aligncenter\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png\" alt=\"Loans Canada\" width=\"250\" height=\"100\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=750 750w\" sizes=\"(max-width: 750px) 100vw, 750px\" loading=\"lazy\"><\/strong><p style=\"text-align: center;\"><strong>Personal loan<\/strong><\/p><\/td><td>8.99% - 35.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/td><td>$500 \u2013 $50,000<\/td><td>4 - 60 months<\/td><td>Instant pre-approval<\/td><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loans-canada-installment-loan-ca-personal-loan-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bhas-margin-bottom-small%22%2C%22offer_id%22%3A%2217711%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%227554d6fa-1e55-4921-b9ca-3455c3e4ae14%22%2C%22product_name%22%3A%22Loans%2BCanada%2BInstallment%2BLoan%22%2C%22provider_id%22%3A%2222495a20-537f-4e7e-beec-8f771582bcb8%22%2C%22provider_name%22%3A%22Loans%2BCanada%22%2C%22post_id%22%3A%22744622%22%2C%22post_path%22%3A%22personal-loans%252Fhome-improvement-loans%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success has-margin-bottom-small\">Go to site<\/a><\/td><\/tr><tr><td><strong><img decoding=\"async\" class=\"alignnone size-full wp-image-949052 aligncenter\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png\" alt=\"LoanConnect\" width=\"250\" height=\"75\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=750 750w\" sizes=\"(max-width: 750px) 100vw, 750px\" loading=\"lazy\"><\/strong><p style=\"text-align: center;\"><strong>Personal loan<\/strong><\/p><\/td><td>8.99% - 35.00% <span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/td><td>$500 \u2013 $60,000<\/td><td>9 - 60 months<\/td><td>Instant pre-approval<\/td><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loanconnect-installment-loan-ca-personal-loan-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bhas-margin-bottom-small%22%2C%22offer_id%22%3A%2215388%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%2240c698e0-7ea0-4bb1-9d07-dd105dd9e091%22%2C%22product_name%22%3A%22LoanConnect%2BInstallment%2BLoan%22%2C%22provider_id%22%3A%22a95b0463-1871-4f05-98ce-2bd750cc8d80%22%2C%22provider_name%22%3A%22LoanConnect%22%2C%22post_id%22%3A%22744622%22%2C%22post_path%22%3A%22personal-loans%252Fhome-improvement-loans%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success has-margin-bottom-small\">Go to site<\/a><\/td><\/tr><tr><td><strong><img decoding=\"async\" class=\"alignnone wp-image-949055 aligncenter\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png\" alt=\"Spring Financial\" width=\"188\" height=\"75\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png?fit=564 564w\" sizes=\"(max-width: 564px) 100vw, 564px\" loading=\"lazy\"><\/strong><p style=\"text-align: center;\"><strong>Personal loan<\/strong><\/p><\/td><td>9.99% - 34.95%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/td><td>$500 \u2013 $35,000<\/td><td>6 - 84 months<\/td><td>Same-day approval and funding<\/td><td><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/spring-financial-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bhas-margin-bottom-small%22%2C%22offer_id%22%3A%2219898%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%22eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7%22%2C%22product_name%22%3A%22Spring%2BFinancial%2BPersonal%2BLoan%22%2C%22provider_id%22%3A%22cc20aa09-5252-4493-895e-a57261c5361b%22%2C%22provider_name%22%3A%22Spring%2BFinancial%22%2C%22post_id%22%3A%22744622%22%2C%22post_path%22%3A%22personal-loans%252Fhome-improvement-loans%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success has-margin-bottom-small\">Go to site<\/a><\/td><\/tr><tr><td><p style=\"text-align: center;\"><strong><img decoding=\"async\" class=\"alignnone size-full wp-image-949056\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png\" alt=\"SkyCap Financial\" width=\"550\" height=\"88\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=1650 1650w\" sizes=\"(max-width: 1650px) 100vw, 1650px\" loading=\"lazy\"><\/strong><\/p><p style=\"text-align: center;\"><strong>Personal loan<\/strong><\/p><\/td><td>8.99% - 35%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/td><td>$500 \u2013 $100,000<\/td><td>3 - 12 months<\/td><td>Approval and funding within 24-48 hours<\/td><td><\/td><\/tr><tr><td><img decoding=\"async\" class=\"size-full wp-image-984689 aligncenter\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/AlpineCreditsLogo_Supplied_300x157.png\" alt=\"Alpine Credits\" width=\"157\" height=\"51\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/AlpineCreditsLogo_Supplied_300x157.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/AlpineCreditsLogo_Supplied_300x157.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/AlpineCreditsLogo_Supplied_300x157.png?fit=471 471w\" sizes=\"(max-width: 471px) 100vw, 471px\" loading=\"lazy\"><p style=\"text-align: center;\"><strong>Home equity loan<\/strong><\/p><\/td><td>Undisclosed<\/td><td>$10,000 \u2013 $500,000<\/td><td>Up to 60 months<\/td><td>Quick approval and fast funding<\/td><td><\/td><\/tr><tr><td><strong><img decoding=\"async\" class=\"alignnone wp-image-1006185 aligncenter\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/LoanzLogo-3_Supplied.png\" alt=\"Loanz\" width=\"163\" height=\"85\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/LoanzLogo-3_Supplied.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/LoanzLogo-3_Supplied.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/LoanzLogo-3_Supplied.png?fit=489 489w\" sizes=\"(max-width: 489px) 100vw, 489px\" loading=\"lazy\"><\/strong><p style=\"text-align: center;\"><strong>Personal loan<\/strong><\/p><\/td><td>29.90% - 46.90%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/td><td>$1,000 \u2013 $15,000<\/td><td>12 - 60 months<\/td><td>Instant approval, funding in as little as 15 minutes<\/td><td><\/td><\/tr><\/tbody><\/table><h3>9 ways to finance home improvement and repairs<\/h3><p>We cover 9 different ways you can finance home improvements or repairs, with everything from a personal loan to in-store financing. Discover how these financing types work and what the pros and cons of each are.<\/p><h3>1. Get a home renovation or repair loan using a HELOC<\/h3><ul><li><strong>How it works.<\/strong> A home equity line of credit (HELOC) is a revolving line of credit that\u2019s secured by your home. You\u2019ll get lower interest rates with a HELOC, but you could lose your house if you default on payments. Only borrow and pay interest on what you need for renovations, and keep the rest as an emergency fund. Once you make your repayments, you\u2019ll get access to the credit you paid back.<\/li><li><strong>How much you can borrow.<\/strong> It will usually depend on how much home equity you have and what your credit score is. You may be able to borrow up to 65% of your home\u2019s purchase price or market value with a home equity line of credit.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements, have an acceptable debt-to-income ratio and have a decent amount of equity in your home.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Qualify for large amounts with lower interest rates than traditional loans<\/li><li>Get access to financing whenever you need it<\/li><li>Only pay interest on the amount you take out<\/li><li>Funds aren\u2019t tied exclusively to home renovations<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>You risk losing your home if you default on your payments<\/li><li>You\u2019ll usually need to have significant equity in your home<\/li><li>You may spend more than you need if cash is readily available<\/li><\/ul><\/div><\/div><h4>Features of home equity loan to finance home repairs<\/h4><ul><li><strong>How it works.<\/strong> A home equity loan is different from a home equity line of credit. With a home equity loan, you\u2019ll borrow a one-time lump sum and pay interest on the full amount, rather than having access to a revolving pool of funds. The money you repay won\u2019t be available to borrow again and if you want additional funds you\u2019ll have to apply for another loan.<\/li><li><strong>How much you can borrow.<\/strong> You can borrow a home equity loan worth up to 80% of your home\u2019s value, minus what you still owe on your mortgage. Your lender may move your maximum amount up or down based on your credit score.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements, have an acceptable debt-to-income ratio and have significant equity in your home.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Easier to qualify for than a regular personal loan if you have bad credit<\/li><li>Apply for large amounts, worth up to 80% of the equity in your home<\/li><li>Get lower interest rates than you would with an unsecured loan<\/li><li>Use a broker to compare offers and get the best deal<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>You risk losing your home if you default on your payments<\/li><li>Some lenders have strict eligibility criteria (such as minimum credit score or income requirements)<\/li><li>Loans can come with additional fees, such as appraisal and title search fees<\/li><\/ul><\/div><\/div><h4>Features of personal loans for home improvement financing<\/h4><ul><li><strong>How it works.<\/strong> Similar to a home equity loan, with a regular personal loan, you\u2019ll borrow a lump sum and pay interest on the full amount. The main difference is that you won\u2019t lose your home if you default on your payments. Whether or not you qualify will depend more on your credit score, unless you secure your loan with another asset such as your investments.<\/li><li><strong>How much you can borrow.<\/strong> With most <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/unsecured-loans-canada\">unsecured personal loans<\/a>, you can borrow up to $50,000. You may be able to borrow more if you put an asset such as your savings or investment account on the line to secure your payments.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements, have an acceptable debt-to-income ratio and have equity in assets such as your savings or investment accounts if you choose a secured loan.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Choose from dozens of lenders<\/li><li>Borrow large amounts, up to $50,000 or more in some cases<\/li><li>Use a <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loan-brokers\">personal loan broker<\/a> to compare rates to find the best deal<\/li><li>There\u2019s no need to own a home to access funds<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>Some lenders have strict eligibility criteria (such as minimum credit score or income requirements)<\/li><li>It\u2019s harder to qualify for home repair loans with bad credit<\/li><li>You may pay very high interest rates if you manage to get approved with bad credit<\/li><\/ul><\/div><\/div><h3>4. Use a personal line of credit for home repairs<\/h3><ul><li><strong>How it works.<\/strong> Taking out<a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/line-of-credit\"> a line of credit<\/a> to finance home renovations will give you a more flexible pool of funds to borrow from. As you make repayments, the money becomes available for you to borrow again. Unlike with a HELOC, you won\u2019t need to secure a regular line of credit with your home. Instead, your lender will use your credit score to decide if you qualify.<\/li><li><strong>How much you can borrow.<\/strong> With most personal lines of credit, you can borrow up to $50,000. The amount you qualify for will depend on factors such as your income and credit score.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements and have an acceptable debt-to-income ratio.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Get access to quick financing if your line of credit is set up in advance<\/li><li>Qualify for large amounts, up to $50,000 in some cases<\/li><li>Only pay interest on the amount you borrow<\/li><li>Funds can be used for longer home renovation projects, or projects with unpredictable budgets<\/li><li>There\u2019s no need to own a home to access funds<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>Interest rates can be high if you have bad credit<\/li><li>Lenders may have strict eligibility requirements (for example, minimum income or credit score requirements)<\/li><li>You may spend more than you need if cash is readily available<\/li><\/ul><\/div><\/div><h3>5. Apply for a CMHC home improvement loan<\/h3><ul><li><strong>How it works.<\/strong> This program lets you qualify for a loan for up to 10% of what your home will increase by after you do your home improvements. For example, if your home increases to $550,000 after renovations, you can qualify to borrow $55,000 for improvements. The amount you borrow will be added to your mortgage. This option is only available before you buy your home.<\/li><li><strong>How much you can borrow.<\/strong> Qualify for up to 10% of your home\u2019s value after you do renovations.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, have a credit score of at least 600, meet minimum income and equity requirements, have a maximum property value under $1 million and have an acceptable debt-to-income ratio.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Get funding to purchase a fixer-upper<\/li><li>Qualify for up to 10% of your home\u2019s value after you renovate<\/li><li>Home renovation loan amount will be built into your mortgage<\/li><li>Potential to qualify for larger amounts in multiple installments<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>Only available for new mortgages<\/li><li>Quote from contractor is required before closing<\/li><li>Funds will only be released when the contractor finishes their work<\/li><li>Does not cover appliances or expenses to add another unit to the property.<\/li><\/ul><\/div><\/div><h3>6. Get home improvement financing through a store<\/h3><ul><li><strong>How it works.<\/strong> Many popular stores offer 0% or low interest financing options to help you pay for the products you want to buy. You\u2019ll usually need to pay the amount you owe back in 6 to 36 months, and you may need good credit to qualify. If the store doesn\u2019t offer a loan, you may be able to qualify for a store credit card.<\/li><li><strong>How much you can borrow.<\/strong> It depends on the store financing you apply for. Some stores will let you borrow a few hundred dollars while others will let you borrow several thousand dollars.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements, and have an acceptable debt-to-income ratio.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>May be easier to qualify for than regular financing<\/li><li>Some cards offer 0% financing for several months<\/li><li>You might get rewards or incentives from the store<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>You may get a lower credit limit than you need<\/li><li>It could be difficult to qualify with bad credit<\/li><li>You may pay high interest rates once your promo period ends<\/li><\/ul><\/div><\/div><h4>Home renovation loan via store financing<\/h4><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: center; width: 25%;\" scope=\"col\">Store name<\/th><th style=\"text-align: center; width: 50%;\" scope=\"col\">Features<\/th><th style=\"text-align: center; width: 25%;\" scope=\"col\">What you can buy<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Best Buy<\/td><td>No interest for 3, 6, 12 or 24 months through Fairstone, 31.99% interest after promo ends<\/td><td>Appliances<\/td><\/tr><tr><td>Canadian Tire<\/td><td>No fees and no interest for 24 months with the Triangle Mastercard<\/td><td>Tools, paint, lighting, appliances, sinks\/faucets<\/td><\/tr><tr><td>Home Depot<\/td><td>Pay no interest for 12 months, 28.8% interest accrued after promo ends<\/td><td>Building materials, bathroom and kitchen supplies, tools, paint, lighting<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/store-financing\" style=\"text-decoration:underline; font-size:0.9em;\">Store financing for household items and electronics<\/a>\n<\/div>\n<\/article><h3>7. Get a home renovation loan through mortgage refinancing<\/h3><ul><li><strong>How it works.<\/strong> You can refinance your mortgage for a larger amount than what you owe and withdraw the difference as cash. You\u2019ll need to get an appraisal to estimate your home\u2019s value. Once you know how much your home is worth, you should be able to borrow up to that amount. Just be aware that your interest rates could go up when you refinance your home to get a cash-out loan.<\/li><li><strong>How much you can borrow.<\/strong> You can usually borrow the amount of equity in your home minus how much you owe on your mortgage. For example, if you owe $100,000 on your mortgage, but your home is worth $150,000, you can refinance for up to $150,000 and get $50,000 in cash. You then pay back $150,000 on your refinanced mortgage.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements, have an acceptable debt-to-income ratio and be able to get a home appraisal to show proof of equity.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Qualify for lower interest rates than with personal loans<\/li><li>Borrow large amounts, based on the equity in your home<\/li><li>Get more favourable rates and terms on your mortgage in some cases<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>You\u2019ll have to pay closing costs<\/li><li>You may have to foot the bill for a home appraisal<\/li><li>Refinancing can take 15\u201345 days or more<\/li><li>Your mortgage will take longer to pay off, or you\u2019ll make higher payments<\/li><\/ul><\/div><\/div><h3>8. Use a low interest credit card to pay for home repairs<\/h3><ul><li><strong>How it works.<\/strong> You can apply for <a href=\"https:\/\/www.finder.com\/ca\/credit-cards\/low-interest-credit-cards\">a low interest credit card<\/a> to fund smaller home renovations. These cards usually come with low or no annual fees and interest rates between 8.99% and 12.99%. You may also be able to pay for home renovations with a regular credit card and transfer your balance to a balance transfer card with a 0% intro rate.<\/li><li><strong>How much you can borrow.<\/strong> You can borrow up to your credit limit. Depending on your credit score and other factors, you may qualify for anywhere from $500 to $15,000, or more depending on which credit card you choose.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score and income requirements and have an acceptable debt-to-income ratio.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>Low interest rates<\/li><li>Reasonable annual fees (usually between $25 and $35)<\/li><li>You could qualify for a 0% intro with some cards<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>You may get a lower credit limit than you need<\/li><li>It could be difficult to qualify with bad credit<\/li><li>It takes time to apply for a credit card and receive it in the mail (if you don\u2019t already have one)<\/li><\/ul><\/div><\/div><h3>9. Apply for housing expense assistance<\/h3><ul><li><strong>How it works.<\/strong> Housing expense assistance can help borrowers cover their housing expenses such as rent or mortgage payments. These loans can\u2019t typically be used for home renovations, though you may be able to find home repair loans for low income families. Visit 211.ca and select your province for more information on housing expense assistance.<\/li><li><strong>How much you can borrow.<\/strong> You may be able to borrow different amounts, based on which agency you borrow from.<\/li><li><strong>How to qualify.<\/strong> Be a Canadian citizen or resident who is the age of majority in your province, meet credit score requirements and show proof that you have low income.<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros:<\/h4><ul class=\"list-1\"><li>More lenient eligibility criteria<\/li><li>Lower interest rates<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons:<\/h4><ul class=\"list-12\"><li>Usually reserved for rent or mortgage support<\/li><li>Can be difficult to find<\/li><li>Only available for low income borrowers<\/li><\/ul><\/div><\/div><div class=\"did-you-know u-bg--sky-subtle u-rounded--lg\" data-component=\"did-you-know\">\n        <div class=\"did-you-know__block\">\n        <h4 class=\"did-you-know__title\">\n            <span class=\"did-you-know__title-icon\">\n                <svg width=\"32\" height=\"32\" viewbox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                    <circle cx=\"16\" cy=\"16\" r=\"12\" fill=\"#00B2FF\"><\/circle>\n                    <path d=\"M17.5 22.5C17.5 22.7967 17.412 23.0867 17.2472 23.3334C17.0824 23.58 16.8481 23.7723 16.574 23.8858C16.2999 23.9993 15.9983 24.0291 15.7074 23.9712C15.4164 23.9133 15.1491 23.7704 14.9393 23.5607C14.7296 23.3509 14.5867 23.0836 14.5288 22.7926C14.471 22.5017 14.5007 22.2001 14.6142 21.926C14.7277 21.6519 14.92 21.4176 15.1667 21.2528C15.4133 21.088 15.7033 21 16 21C16.3978 21 16.7794 21.158 17.0607 21.4393C17.342 21.7206 17.5 22.1022 17.5 22.5ZM16 9C13.2425 9 11 11.0188 11 13.5V14C11 14.2652 11.1054 14.5196 11.2929 14.7071C11.4804 14.8946 11.7348 15 12 15C12.2652 15 12.5196 14.8946 12.7071 14.7071C12.8946 14.5196 13 14.2652 13 14V13.5C13 12.125 14.3463 11 16 11C17.6538 11 19 12.125 19 13.5C19 14.875 17.6538 16 16 16C15.7348 16 15.4804 16.1054 15.2929 16.2929C15.1054 16.4804 15 16.7348 15 17V18C15 18.2652 15.1054 18.5196 15.2929 18.7071C15.4804 18.8946 15.7348 19 16 19C16.2652 19 16.5196 18.8946 16.7071 18.7071C16.8946 18.5196 17 18.2652 17 18V17.91C19.28 17.4913 21 15.6725 21 13.5C21 11.0188 18.7575 9 16 9ZM29 16C29 18.5712 28.2376 21.0846 26.8091 23.2224C25.3807 25.3603 23.3503 27.0265 20.9749 28.0104C18.5995 28.9944 15.9856 29.2518 13.4638 28.7502C10.9421 28.2486 8.6257 27.0105 6.80762 25.1924C4.98953 23.3743 3.75141 21.0579 3.2498 18.5362C2.74819 16.0144 3.00563 13.4006 3.98957 11.0251C4.97351 8.64968 6.63975 6.61935 8.77759 5.1909C10.9154 3.76244 13.4288 3 16 3C19.4467 3.00364 22.7512 4.37445 25.1884 6.81163C27.6256 9.24882 28.9964 12.5533 29 16ZM27 16C27 13.8244 26.3549 11.6977 25.1462 9.88873C23.9375 8.07979 22.2195 6.66989 20.2095 5.83733C18.1995 5.00476 15.9878 4.78692 13.854 5.21136C11.7202 5.6358 9.76021 6.68345 8.22183 8.22183C6.68345 9.7602 5.63581 11.7202 5.21137 13.854C4.78693 15.9878 5.00477 18.1995 5.83733 20.2095C6.66989 22.2195 8.07979 23.9375 9.88873 25.1462C11.6977 26.3549 13.8244 27 16 27C18.9164 26.9967 21.7123 25.8367 23.7745 23.7745C25.8367 21.7123 26.9967 18.9164 27 16Z\" fill=\"#232320\"><\/path>\n                <\/svg>\n            <\/span>\n            <span class=\"did-you-know__title-text\">Did you know?<\/span>\n        <\/h4>\n        <div class=\"did-you-know__content\">\n            <p>As part of the Canada Greener Homes Initiative, you can access the following types of funding for green home renovations:<\/p><ul><li><strong>Grants.<\/strong> Apply for grants from $125 to $5,000 to cover a part of your eligible home retrofits. You may also apply for up to $600 for pre- and post-retrofit EnerGuide evaluations.<\/li><li><strong>Loans.<\/strong> Apply for interest-free loans of up to $40,000, with a repayment term of 10 years to help you undertake major home retrofits.<\/li><\/ul>\n        <\/div>\n    <\/div>\n<\/div>\n<article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.nrcan.gc.ca\/energy-efficiency\/homes\/canada-greener-homes-grant\/start-your-energy-efficient-retrofits\/plan-document-and-complete-your-home-retrofits\/eligible-grants-for-my-home-retrofit\/23504\" style=\"text-decoration:underline; font-size:0.9em;\">Find out more about which projects are eligible by visiting the Natural Resources Canada website<\/a>\n<\/div>\n<\/article><h3>Where can I get home renovation loans in Canada?<\/h3><p>You can get home renovation loans in Canada with banks, credit unions, private lenders and government programs.<\/p><ul><li><strong>Banks.<\/strong> Best for good to excellent credit. These loans come from a trustworthy source and you can qualify for decent rates with good credit. That said, they usually have more strict eligibility criteria than other types of home renovation loans.<\/li><li><strong>Credit unions.<\/strong> Best for existing credit union members. These loans usually require you to sign up as a credit union member. They may come with slightly lower interest rates than banks and less strict eligibility requirements in some cases.<\/li><li><strong>Private lenders.<\/strong> Best for bad credit and online loans. These loans usually come with higher interest rates, but you can qualify for home repair loans for bad credit. They\u2019re also typically more convenient than other financing options.<\/li><li><strong>Government programs.<\/strong> Best for lower cost loans. Many government programs let you borrow loans with better rates and terms. These loans are usually offered by regular lenders, in partnership with the government.<\/li><\/ul><h3>A closer look at bank home improvement loans<\/h3><h4>RBC home improvement loan<\/h4><div class=\"u-grid\"><div class=\"u-grid__col u-1\/5\"><img decoding=\"async\" class=\"wp-image-739468 alignleft\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/06\/RBCLogo250x250.png\" alt=\"RBC\" width=\"123\" height=\"123\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/06\/RBCLogo250x250.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/06\/RBCLogo250x250.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/06\/RBCLogo250x250.png?fit=369 369w\" sizes=\"(max-width: 369px) 100vw, 369px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-4\/5\"><ul><li><strong>RBC Homeline Plan.<\/strong> Manage your mortgage and a home improvement line of credit under one plan. You\u2019ll need at least 20% equity in your home to qualify for this option.<\/li><li><strong>Royal Credit Line.<\/strong> A line of credit can be a good option if your renovations may take a long time, or you plan to reuse your credit after paying it off.<\/li><li><strong>Mortgage refinancing.<\/strong> Refinance your existing mortgage to get access to funding and take up to 30 years to repay.<\/li><li><strong>RBC personal loan.<\/strong> A personal loan could be ideal if you need the funds all at once and want a structured repayment plan.<\/li><li><strong>RBC Energy Saver Loan.<\/strong> Receive 1% off the loan interest rate or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000.<\/li><\/ul><\/div><\/div><h4>TD home improvement loan<\/h4><div class=\"u-grid\"><div class=\"u-grid__col u-1\/5\"><img decoding=\"async\" class=\"alignnone wp-image-994243 \" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/td-logo.png\" alt=\"TD\" width=\"110\" height=\"98\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/td-logo.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/09\/td-logo.png?fit=330 330w\" sizes=\"(max-width: 330px) 100vw, 330px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-4\/5\"><ul><li><strong>Personal line of credit.<\/strong> Borrow between $5,000 and $50,000, and get access to funds to use again as soon as you make your repayments.<\/li><li><strong>TD Home Equity FlexLine.<\/strong> Borrow up to 80% of your home\u2019s value and make minimum monthly interest-only payments, as you see fit.<\/li><li><strong>Personal line of credit.<\/strong> Borrow between $5,000 and $50,000, and get a flexible repayment plan.<\/li><li><strong>Investment secured line of credit.<\/strong> Use your eligible investments to secure a line of credit between $5,000 and $200,000.<\/li><\/ul><\/div><\/div><h4>BMO home improvement loan<\/h4><div class=\"u-grid\"><div class=\"u-grid__col u-1\/5\"><img decoding=\"async\" class=\"wp-image-805160 alignleft\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/09\/BMOLogo_Supplied_450x250.jpg\" alt=\"BMO\" width=\"182\" height=\"101\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/09\/BMOLogo_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/09\/BMOLogo_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/09\/BMOLogo_Supplied_450x250.jpg?fit=546 546w\" sizes=\"(max-width: 546px) 100vw, 546px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-4\/5\"><ul><li><strong>BMO Home Equity Line of Credit.<\/strong> Borrow up to 65% of your home\u2019s value, starting at $5,000, and borrow and repay funds on your own schedule.<\/li><li><strong>BMO Homeowner ReadiLine.<\/strong> This lending option lets you apply for both a mortgage and a line of credit at the same time.<\/li><li><strong>BMO Home Equity Loan.<\/strong> Tap into 80% of your home\u2019s value to pay for large purchases, renovations and more.<\/li><\/ul><\/div><\/div><h4>CIBC home improvement loan<\/h4><div class=\"u-grid\"><div class=\"u-grid__col u-1\/5\"><img decoding=\"async\" class=\"wp-image-1005074 alignleft\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/CIBC_Supplied_280x280.jpg\" alt=\"CIBC\" width=\"167\" height=\"167\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/CIBC_Supplied_280x280.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/CIBC_Supplied_280x280.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/CIBC_Supplied_280x280.jpg?fit=501 501w\" sizes=\"(max-width: 501px) 100vw, 501px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-4\/5\"><ul><li><strong>CIBC Home Power Plan.<\/strong> Combine your mortgage with a line of credit to consolidate under one simple, low-interest and secured borrowing solution, which can be adjusted to help fund your renovation project and meet your future borrowing needs.<\/li><li><strong>CIBC Home Power Mortgage.<\/strong> Use this mortgage refinancing package to borrow a set amount for your home renovation or repairs.<\/li><li><strong>CIBC Personal Loan.<\/strong> Get a home renovation loan with a term up to 5 years.<\/li><li><strong>CIBC Personal Line Of Credit.<\/strong> This provides you with an open pool of funds that you can draw on at any time, with interest paid only on the amount you use.<\/li><\/ul><\/div><\/div><h4>Scotiabank home improvement loan<\/h4><div class=\"u-grid\"><div class=\"u-grid__col u-1\/5\"><img decoding=\"async\" class=\"wp-image-1005075 alignleft\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/ScotiabankLogo_Supplied_250x250.jpg\" alt=\"Scotiabank\" width=\"113\" height=\"113\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/ScotiabankLogo_Supplied_250x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/01\/ScotiabankLogo_Supplied_250x250.jpg?fit=339 339w\" sizes=\"(max-width: 339px) 100vw, 339px\" loading=\"lazy\"><\/div><div class=\"u-grid__col u-4\/5\"><ul><li><strong>The Scotia Total Equity Plan (STEP).<\/strong> This plan lets you choose from different Scotiabank credit products such as mortgages, lines of credit and credit cards, all with one easy application.<\/li><li><strong>Secured ScotiaLine personal line of credit.<\/strong> Borrow between $5,000 and $75,000 when you use your home as collateral.<\/li><\/ul><\/div><\/div><h3>What are the rates of home improvement loans?<\/h3><p>You will pay between 6.99% and 35% in interest with unsecured home renovation loans. The rates you get will depend on factors such as your credit score, income and debt-to-income ratio. If you have a good credit score and a high income, you may qualify for lower rates. You could also qualify for lower rates by securing your loan with an asset or enlisting a cosigner.<\/p><h3>Can I get a first-time home buyer renovation loan?<\/h3><p>Unfortunately, the first-time home buyer incentive doesn\u2019t extend to home renovation loans. This government incentive helps you pay for a certain percentage of your first-ever mortgage. In return, you\u2019ll need to give the government a share of your home\u2019s future equity. The government won\u2019t allow you to bake any home renovations you need to do into this amount.<\/p><h3>How to find the best home renovation loans<\/h3><p>Consider the following factors when deciding whether a home improvement loan in Canada is the right fit for you:<\/p><ul><li><strong>Loan amount.<\/strong> Figure out how much you need to borrow to fund your home renovations. In some cases, you may be able to use the equity in your home to qualify for larger amounts. Just make sure you can afford to pay back what you borrow.<\/li><li><strong>Interest rates.<\/strong> Compare multiple lenders to find the best rates. Secure your loan with an asset to bring your interest rates down or apply for government financing (such as a CMHC loan). If you only need a small amount, try a low interest credit card. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loan-interest-rates-canada\">Learn more about personal loan rates in Canada.<\/a><\/li><li><strong>Fees.<\/strong> Avoid lenders that charge extra fees for signing up, repaying your loan or making late payments. Go with a lender that works to keep your loan costs low.<\/li><li><strong>Repayment period.<\/strong> Pick a repayment term that works for your budget. Shorter terms come with higher monthly payments and less interest over time; longer terms come with lower monthly payments and more interest over time.<\/li><li><strong>Eligibility criteria.<\/strong> Find a loan that you know you can qualify for before you apply. There\u2019s no use applying for a loan that\u2019s out of your reach \u2013 and multiple hard pulls on your credit can bring down your credit score.<\/li><li><strong>Processing time.<\/strong> Some lenders can disburse your funds on the same day you apply or by the next business day. Other lenders may take several days or weeks to approve your application and disburse your funds. If you\u2019re looking for an <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/emergency-loans\">emergency loan<\/a> for home repairs, there are options available but at higher rates.<\/li><li><strong>Company reputation.<\/strong> Look for a lender with a solid reputation for customer service. Check online reviews on sites like Google, TrustPilot and the Better Business Bureau.<\/li><\/ul><h3>Are there home repair loans for bad credit?<\/h3><p>You can get home repair loans for bad credit by following the steps for applying with good credit. Just be aware that you may have fewer options for lenders and you\u2019ll want to check that you meet a lender\u2019s eligibility criteria before you apply.<\/p><p>The main downside of home repair loans for bad credit is that you\u2019ll usually have to pay very high interest rates. That said, you may be able to get lower rates if you secure your loan with collateral (such as your home or vehicle) or sign up with a cosigner.<\/p><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Must read: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/best-bad-credit-personal-loans\" style=\"text-decoration:underline; font-size:0.9em;\">Best bad credit loans in Canada<\/a>\n<\/div>\n<\/article><h3>Pros and cons of home improvement loans<\/h3><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h4>Pros<\/h4><ul class=\"list-4\"><li><strong>Various loan options.<\/strong> Choose from a range of unsecured financing options including revolving lines of credit, credit cards and loans. You can also apply for secured credit by using your home as collateral.<\/li><li><strong>Increase your home\u2019s value.<\/strong> Getting a loan for home renovations can increase the value of your house. This means more money in your pocket when it comes time to sell, though you won\u2019t usually see immediate financial benefits.<\/li><li><strong>Make needed repairs.<\/strong> Use home repair loans to cover the cost of damage or fund preventative maintenance to avoid future costly repairs. Fixing issues early can end up saving you thousands of dollars in the long run.<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h4>Cons<\/h4><ul class=\"list-13\"><li><strong>Can be expensive.<\/strong> Home improvement loans can come with high interest rates and they may also come with origination fees, closing costs and other fees that add to the cost of your loan.<\/li><li><strong>Risk of default.<\/strong> You may be unable to repay your loan if your project goes off budget. This could lead your credit score to go down, or you could risk losing your home if you\u2019ve secured it with an asset.<\/li><li><strong>Limited use.<\/strong> Home improvement loans may be tied to your property, meaning you must use the funds to pay exclusively for home renovations and you may need to pay the loan off in full if you decide to sell your home.<\/li><\/ul><\/div><\/div><h3>What to avoid with a home improvement loan in Canada<\/h3><p>You should avoid the following when taking out a home improvement loan in Canada:<\/p><ul><li><strong>Borrowing too much.<\/strong> Only borrow the amount you need for your home renovations. Make a budget in advance to figure out how much you might need to pay. If you need funds on an ongoing basis, consider getting a home renovation line of credit.<\/li><li><strong>Taking the first loan offer.<\/strong> Shop around and compare rates from several lenders to ensure you\u2019re getting the best deal. You should also watch out for hidden fees such as origination fees or closing costs.<\/li><li><strong>Overusing home equity.<\/strong> If you\u2019re using your home equity to secure your loan, make sure you leave enough room to cover any unexpected expenses or emergencies if you need to borrow again.<\/li><li><strong>Making late payments.<\/strong> Make sure you can afford your loan before you take one out. The last thing you want is to miss payments, since this could bring down your credit score or leave you at risk of losing your home.<\/li><\/ul><h3>How to get a home improvement loan in Canada<\/h3><p>Follow the steps below for how to get a home improvement loan in Canada:<\/p><ol><li><strong>Apply for pre-approval.<\/strong> Apply for pre-approval with banks, online lenders and credit unions. Simply provide personal details such as your contact details, job, income and housing information to get the ball rolling.<\/li><li><strong>Pick the best personal loan.<\/strong> Compare the loan offers you get back and pick the best fit for your personal needs and budget. Consider loan features such as amount, length of term, fees and repayment requirements.<\/li><li><strong>Submit a formal application.<\/strong> Once you choose an offer, you\u2019ll usually need to submit a more detailed application with that particular lender. You can upload or submit loan documents and banking information at this point.<\/li><li><strong>Submit to a credit check.<\/strong> For the most part, it\u2019s not possible to get home renovation loans with no credit check. You\u2019ll almost always be required to submit to a credit check since your lender will use your score to decide what interest rates you should pay.<\/li><li><strong>Get a final loan offer.<\/strong> Review your loan agreement carefully. Make sure you fully understand the terms and cost of your loan, and keep an eye out for extra fees.<\/li><li><strong>Sign and submit.<\/strong> Sign and submit your loan agreement if you\u2019re happy with your contract. With a personal loan or line of credit, you\u2019ll usually get your money via e-Transfer or direct deposit.<\/li><\/ol><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/basement-finishing-financing\" style=\"text-decoration:underline; font-size:0.9em;\">Compare basement finishing financing<\/a>\n<\/div>\n<\/article><h3>Eligibility requirements<\/h3><p>Requirements may vary between lenders, however the criteria usually include:<\/p><ul><li>Be 18 years of age, or the age of majority in your province or territory<\/li><li>Be a Canadian citizen or a permanent resident with a valid Canadian address<\/li><li>Have a working bank account<\/li><li>Meet credit score and income requirements<\/li><li>For secured loans: Own a home and have a reasonable level of equity in it<\/li><\/ul><h4>Required documents<\/h4><p>To apply for home renovation loans in Canada, you may need the following documents:<\/p><ul><li><strong>Identity documents.<\/strong> Government-issued ID such as your passport or driver\u2019s licence. Some lenders also require you to provide your Social Insurance Number.<\/li><li><strong>Proof of income and employment.<\/strong> Pay stubs, employment records, bank statements or tax documents.<\/li><li><strong>Debt-to-asset ratio.<\/strong> Lists of assets and debts to make sure you can qualify for funding.<\/li><li><strong>Home appraisal for secured loans.<\/strong> Documentation that verifies the market value of your home and how much equity you have in it.<\/li><\/ul><div class=\"content-area-light-blue has-padding-small has-padding-top-large\"><h4>What credit score is needed for home renovation loans?<\/h4><p>When determining how to get a home renovation loan, your credit score should be the first thing you look at. You\u2019ll usually need a credit score of 660 or above to qualify for most loans. Any score below 660 may be considered as fair or bad credit, which could make it more difficult to qualify (or extremely expensive). You can apply to find out your credit score from one of Canada\u2019s major credit bureaus, such as Equifax or TransUnion. <a href=\"https:\/\/www.finder.com\/ca\/credit-score\">Check your credit score.<\/a><\/p><\/div><h3>How much do home improvements cost?<\/h3><p>Learn how much you can expect to pay for standard home improvements in Canada:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: center; width: 25%;\" scope=\"col\"><strong>Improvement<\/strong><\/th><th style=\"text-align: center; width: 50%;\" scope=\"col\"><strong>What it involves<\/strong><\/th><th style=\"text-align: center; width: 25%;\" scope=\"col\"><strong>Average cost<\/strong><\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td><strong>Adding square footage<\/strong><\/td><td>Remove walls to expand the interior of a home or apartment.<\/td><td>$80 to $200 per square foot<\/td><\/tr><tr><td><strong>External siding<\/strong><\/td><td>Replace siding to insulate and protect the exterior of the home.<\/td><td>$3 to $11 per square foot<\/td><\/tr><tr><td><strong>Foundation repair<\/strong><\/td><td>Fix cracks, water damage, issues with settling or sinking and bowing wall repair.<\/td><td>$250 to $15,000, depending on severity of damage<\/td><\/tr><tr><td><strong>Drywall<\/strong><\/td><td>Fix holes, stress cracks and water damage\/mold.<\/td><td>$60 to $90 an hour for drywall repair<\/td><\/tr><tr><td><strong>Retaining wall<\/strong><\/td><td>Build a retaining wall for gardens, dividing property and other purposes.<\/td><td>$45 to $60 per square foot of wall<\/td><\/tr><tr><td><strong>Stairs or railings<\/strong><\/td><td>Construct a staircase, repair stairs or newel posts, sand and seal wood finishes.<\/td><td>$250 to $10,000<\/td><\/tr><tr><td><strong>Roof repair<\/strong><\/td><td>Replace a roof completely, repair shingles, fix skylights or prevent leaks.<\/td><td>$500 to $15,000<\/td><\/tr><tr><td><strong>Basement remodeling<\/strong><\/td><td>Put down a floor, build walls, install electric and plumbing lines.<\/td><td>$5,000 to $50,000<\/td><\/tr><tr><td><strong>Plumbing<\/strong><\/td><td>Hire a plumber to replace old pipes or install new plumbing systems.<\/td><td>$58 to $260 per hour + materials<\/td><\/tr><tr><td><strong>Electric work<\/strong><\/td><td>Hire an electrician to redo part of your wiring.<\/td><td>$65 to $130 per hour + materials<\/td><\/tr><tr><td><strong>Furnace and installation<\/strong><\/td><td>Purchase a new furnace and get it installed.<\/td><td>$3,500 to $5,500<\/td><\/tr><tr><td><strong>Deck<\/strong><\/td><td>Build a small deck or wrap around, with cost of materials.<\/td><td>$2,200 to $8,800<\/td><\/tr><tr><td><strong>Garage door<\/strong><\/td><td>Garage door replacement, installation, disposal or repair.<\/td><td>$785 to $2,300<\/td><\/tr><tr><td><strong>Permits<\/strong><\/td><td>Get permission to start construction.<\/td><td>$50 to $300 for small jobs, $500 to $2,000 for larger jobs<\/td><\/tr><tr><td><strong>Solar energy<\/strong><\/td><td>Buy and install solar panels<\/td><td>$10,000 to $16,000<\/td><\/tr><\/tbody><\/table><p>\u00a0<\/p><div class=\"content-area-light-blue has-padding-small has-padding-top-large\"><h4>3 tips to prepare for an emergency home repair<\/h4><p>Keep these tips in mind if you want to prepare in advance for an emergency home repair.<\/p><ul><li><strong>Keep a list of contractors.<\/strong> Storing numbers in your phone is smart, but write down a list of contractors in your area and stick it in your wallet or purse as a back up. Look for contractors on call 24\/7 in case of emergencies.<\/li><li><strong>Call your insurance provider.<\/strong> Contact your insurer to confirm what\u2019s covered by your policy and what you\u2019re responsible for. After an emergency, most insurers send an assessor to look over the damage and let you know how much you\u2019re covered for, but it helps to know before so you can think about financing should you need it.<\/li><li><strong>Know your disaster relief options.<\/strong> Ask your local government office about potential grants and other forms of disaster assistance so that you know how and what to apply for if the need arises.<\/li><\/ul><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Must read: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/emergency-loans\" style=\"text-decoration:underline; font-size:0.9em;\">Emergency loans in Canada<\/a>\n<\/div>\n<\/article><h3>How much home renovation loan can I afford?<\/h3><p>When determining how much home improvement loan you can afford, you\u2019ll need to think about factors such as your credit score, income, debt-to-income ratio and the value of your home. Usually, the higher your credit score and income, the more loan you can qualify for. You may also qualify for more money if you have a high amount of equity in your home.<\/p><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/how-much-can-i-borrow-personal-loan-calculator\" style=\"text-decoration:underline; font-size:0.9em;\">How much home renovation loan can you afford?<\/a>\n<\/div>\n<\/article><article class=\"luna-card luna-card--primary\"><div class=\"luna-card__block\"><h4>Example: Jan finishes his basement<\/h4><p>Jan has around $10,000 set aside to refinish his basement. As the project progresses, he realizes he\u2019s over budget and needs another $9,000 to pay for contractors and supplies. With an excellent credit score of 810, Jan heads to his bank and is approved for $10,000. He uses the extra $1,000 as an emergency fund to cover any unexpected expenses.<\/p><table class=\"luna-table luna-table--responsiveList\"><tbody><tr><td style=\"background: #ffffff;\"><strong>Loan amount<\/strong><\/td><td style=\"background: #ffffff;\">$10,000.00<\/td><\/tr><tr><td style=\"background: #ffffff;\"><strong>Loan type<\/strong><\/td><td style=\"background: #ffffff;\">Personal loan<\/td><\/tr><tr><td style=\"background: #ffffff;\"><strong>Interest rate<\/strong><\/td><td style=\"background: #ffffff;\">5.00%<\/td><\/tr><tr><td style=\"background: #ffffff;\"><strong>Loan term<\/strong><\/td><td style=\"background: #ffffff;\">2 years<\/td><\/tr><tr><td style=\"background: #ffffff;\"><strong>Additional fees<\/strong><\/td><td style=\"background: #ffffff;\">Origination fee of 3.00% ($300.00)<\/td><\/tr><tr><td style=\"background: #ffffff;\"><strong>Monthly payment<\/strong><\/td><td style=\"background: #ffffff;\">$438.71<\/td><\/tr><tr><td style=\"background: #ffffff;\"><strong>Total loan cost<\/strong><\/td><td style=\"background: #ffffff;\">$10,729.13<\/td><\/tr><\/tbody><\/table><p><small>*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.<\/small><\/p><\/div><\/article><h3>Can I get a home repair loan if I have low income?<\/h3><p>You may be able to get a home repair loan if you have low income, especially if you have a good to excellent credit score. You can compare the eligibility requirements of different lenders to see if your income is high enough to qualify. You may also be able to apply for home repair loans for low income families through government programs.<\/p><p>If your income isn\u2019t high enough to qualify, you may want to consider other options. These could include using a credit card, borrowing money from family or friends, starting a GoFundMe or building up your credit score so that your income is less important on your loan application.<\/p><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Must read: <\/span><a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/low-income-loans\" style=\"text-decoration:underline; font-size:0.9em;\">Low income loans in Canada<\/a>\n<\/div>\n<\/article><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">How much loan can I get for a home renovation?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>The amount you can borrow for home renovations will vary depending on factors such as your credit score, income, debt-to-income ratio and the value of your home. You can usually borrow up to $50,000 with personal loans, or up to 65% of your home's equity with secured loans.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">How do I finance a tiny house renos?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You can finance tiny house renos in multiple ways, such as personal loans and lines of credit. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/tiny-house-financing\">Learn more about tiny home financing.<\/a><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">What types of loans can I get for home renovation?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>If you don't own your home, you can use unsecured loans or lines of credit, low interest credit cards, store financing or housing expense assistance in some cases. If you own your home, you can also use secured loans such as home equity loans and lines of credit, mortgage refinancing or government grants and loans for homeowners.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">How do I get a home improvement loan in Canada with no equity?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>If you don't own a home or your home has very little equity, there are still a few home renovation loans you can tap into. These include unsecured loans, low interest credit cards, store financing or housing expense assistance (though this assistance can only be used in rare cases, and usually for home repair loans for low income families).<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">What's the difference between a home improvement loan and a line of credit?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Home improvement loans give you a lump sum of funds to use all at once and you pay interest on the full amount. A line of credit gives you access to a pool of funds you can borrow from repeatedly. You only pay interest on the funds you take out and the money becomes available to use again as you make your repayments.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">Can I get a home improvement loan in Canada if I have a bad credit score?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You can get home repair loans with bad credit, but you'll likely pay high interest rates and fees. You might have a better chance of being approved if you apply for a secured loan using collateral such as your car or home equity. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/best-bad-credit-personal-loans\">Learn more about the best bad credit loans.<\/a><\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Find out where to borrow money for home renovations \u2013 learn how to apply and what you need to qualify. <\/p>\n","protected":false},"author":474,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[407],"tags":[90960,3343],"asset_tag":[],"class_list":["post-744622","post","type-post","status-publish","format-standard","hentry","category-personal-loans","tag-home-equity-line-of-credit","tag-personal-loans-2"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>9 Ways to Finance Home Renovation &amp; Repairs | Finder Canada<\/title>\n<meta name=\"description\" content=\"Learn how to finance your home renovation from personal loans to lines of credit, and more. Compare rates and terms from various lenders.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/home-improvement-loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"9 ways to finance home improvement and repairs\" \/>\n<meta property=\"og:description\" content=\"Learn how to finance your home renovation from personal loans to lines of credit, and more. 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