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Home Improvement Loans

A Home Improvement loan is a loan used to improve your primary or secondary residence. Members owning a primary and/or secondary property are eligible. The loan can be a secured loan (collateral for loan) or an unsecured loan (no collateral).  Most home improvement loans require the borrower to fully describe the nature and scope of the work to be performed. Borrowers should have at least one preferred estimate, including as much detail as possible.

There are different terms and amount based on type of loan – secured versus unsecured.

Home Improvement Loans

Name Term (in months) APR**(As Low As) Cost Per Thousand***
Unsecured 0-36 5.50% $30.21
Unsecured 48 5.75% $23.38
Unsecured 60 6.00% $19.34
Unsecured 72 6.25% $16.70
Unsecured 84 6.50% $14.86
Secured 0-60 5.50% $19.11
Secured 61-120 5.99% $11.10
**APR = Annual Percentage Rate.
***APRs are based upon member’s credit score. Rates listed above reflect excellent credit scores. Payments listed above do not reflect life and disability insurance. Rates and APRs effective August 14, 2020 and are subject to change without notice.

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