Home improvement loans

A home improvement loan is an unsecured personal loan taken out with the specific purpose of covering all or part of the cost of home improvements.

With an unsecured personal loan, you don’t need to be a homeowner as the amount borrowed isn't secured against your assets, such as your home or car.

Shawbrook home improvement loans are built to fit your needs.

With a Shawbrook loan, you could borrow between £1,000 - £50,000.  You can take the loan over one to seven years, depending on the amount you wish to borrow. 

You'll also get fixed monthly repayments.

It’s up to the borrower to decide what home improvement expenses they choose to cover with their loan.

A Shawbrook home improvement loan is simply a personal loan. There aren't any special home improvement related questions that you have to answer.

To apply for a Shawbrook home improvement loan, you will need to supply the following information:

• Contact details
• 3 years address information
• Employment and income details
• Bank account details"

There are usually two types of home improvement loans, secured and unsecured. An unsecured home improvement loan is a personal loan which allows you to borrow money over a number of years, normally at a fixed rate of interest. A secured home improvement loan will mean the finance will be secured against your home or other asset and could allow you to borrow larger amounts as your home is collateral for the lender.

A Shawbrook home improvement loan is an unsecured personal loan.

Of course — you have the right to pay a personal loan back early or make an additional monthly repayment under the Consumer Credit Act. But it’s important to know that this may be subject to an early repayment charge.

To discuss your options with a member of our team, please contact us. If you have taken out a loan with us on or after 13th December 2021, you can also log in to your customer portal to contact us: https://myloan.shawbrook.co.uk/.

If you get approved for a loan from Shawbrook, you'll need to sign a loan agreement. For most new loan accounts, this will be a Fixed Sum Loan Agreement, which means it allows you to borrow a fixed amount over a fixed term at a fixed rate of interest.

The agreement sets out the terms and conditions which relate to your loan, so it's really important to read and and ask us any questions if there is anything you don’t understand before signing the agreement. You'll also get a document called Written Adequate Explanations that will highlight the key features of your agreement and help you understand the agreement in a bit more detail.

If you want to see what these documents look like, you can click the links below. Just keep in mind that the actual documents you receive might look different based on your type of loan and when you applied. If you already have a loan with Shawbrook but can't find your agreement, just reach out to us and we can send you another copy.

• View an example of our Fixed Sum Loan Agreement
• View an example of our Written Adequate Explanation

The loan agreement you'll get after you apply will have all the details that are unique to your loan. The examples above are just to give you an idea of what these documents might look like.