Home improvement financing for your next bathroom remodel project

  • Rates starting at 8.99%
  • Soft Credit Pull
  • Up to 15-year terms
  • Borrow up to $100K
  • No prepayment penalties or hidden costs
  • No Credit Card

Making your bathroom remodel affordable.

You may be thinking of remodeling your bathroom to make it lighter, fresher, newer, and more stylish. There’s good reason for that. The bathroom is where you get ready for a busy day, so it should be convenient, up-to-date, and comfortable. Given the importance of the bathroom, you don’t want to skimp on your remodeling plans.

Most people underestimate the cost of a bathroom remodel. A typical remodel can range from $4,000 to $15,000. For many customers this range may seem scary. Using home improvement financing, you can get the bathroom remodel that you really want. A well-defined financing program can take a high project cost and break it down to affordable and low monthly payments. That’s why looking for a bathroom remodeling contractor who’s already partnered with a quality financing firm is an excellent idea.

Calculate your monthly loan payment

*Your actual rate may vary based on your credit score.  Calculator is only for estimations, your exact loan amount may vary slightly.

Benefits of Financing Your Bathroom Remodel

Finding a contractor who works closely with a good financing partner saves you a lot of problems in both the short and long run. By financing, you turn your bathroom renovation into a monthly payment that doesn’t strain your finances. Rather than having to save up for a long time, you can get the job done sooner. This lets you enjoy all the benefits of a refreshed bathroom right away, while letting you keep your nest egg for a rainy day.

Why Financed Professional Remodeling Usually Beats DIY

While it may be tempting to try turning your bathroom remodeling into a do-it-yourself project, there are many good reasons for using a contractor and paying with financing, instead. Besides saving your precious time, a contractor makes sure that all changes, improvements, and upgrades meet the specs set by local ordinances. This can make a big difference if you eventually sell your house. They also know how to install complex fixtures such as shower stalls, bathtubs, toilets and more, preventing leaks.

A Good Bathroom Remodel Improves Your Home’s Marketability and Value

When you sell your house, you’re likely to recover somewhere between 40% and 70% of the money you invested in remodeling your bathroom. Plus, when potential buyers walk into your bathroom and find themselves in a gleaming, bright, airy, freshly remodeled bathroom, this boosts their chances of buying the home and makes them less likely to haggle over price.

Financed Remodeling May Help you Upgrade to a Better House

Using a contractor with a home improvement financing company spreads your costs out over time, while you get the return on the remodeling investment all at once upon closing. The added value of a bathroom remodel put in reach by financing can bring you closer to affording your next home – even if it’s bigger and in a better location.

Financed Bathroom Remodeling FAQ

How Much Does a Typical Bathroom Renovation Cost?

The exact cost of a bathroom renovation depends a lot on the size of your bathroom, but a typical remodeling usually costs anywhere from $4,000 to $15,000. The longer it’s been since a bathroom was remodeled, the more work needs to be done bringing it up to date for a sparkling, clean, pleasant result. Larger bathrooms require more labor and more materials. If you want expensive upgrades such as using a designer, custom vanities, custom tile on the floor and wall, natural stone or quartz countertops will increase costs, which may exceed your budget. When your contractor helps you obtain good financing, you can spread these costs over time so that you’ll hardly notice the impact on your budget.

What's the Price for a New or Expanded Bathroom?

While a very small powder room may cost as little as $3,000, turning a medium-sized existing space into a new bathroom may cost $25,000. A luxurious, roomy 10’x10’ bathroom averages $75,000 – making good financing a great way to save headaches and up-front expense.

If you’re set on having a contractor install a whole new bathroom in your house, or physically expanding the size of an existing bathroom, costs can rise a lot higher than a basic remodel. However, leveraging the power of low-interest modern financing partnered, you can cushion the effects of this on your pocketbook.

How Does Bathroom Renovation Help Improve Your Family's Health?

As a natural result of their use, bathrooms have a lot of water constantly present in them and an old bathroom with the wear and tear of use, and perhaps substandard, outdated ventilation equipment, is likely to see moisture buildup, excess condensation, and leaks. Mold and mildew grow easily under these conditions, making the bathroom smell unpleasant and possibly impacting your respiratory health. Engaging the services of a bathroom remodel contractor who’s partnered with a reliable, easily accessible financing source lets you get potential problem bathrooms fixed sooner. The faster you get your bathroom renovated, the healthier your family will be – free from dealing with mold and mildew. Using a home improvement loan, you can expand your bathroom, and increase your comfort.

Powerpay FAQ

What is PowerPay?

PowerPay is a digital lending platform for the home improvement industry. Our fully automated technology offers near-instant approvals on loans up to $100,000, helping homeowners translate expensive home improvement projects into low monthly fees that can be paid over time.

Unlike other digital lending platforms, PowerPay is a fully independent company that is committed to delivering loans with no extra fees or added costs in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

What home improvements can I finance?

Any equipment, service, installation costs or other project related to home improvement qualifies for financing. The following is a partial list of what PowerPay finances: HVAC equipment & installation, attic insulation, stone veneer, windows, siding, roofing, kitchen remodels, bathroom remodels, cabinets, carpet, deck & patio, doors, fireplaces, garage doors, smart home equipment & installation, hardwood flooring, paint & wall coverings, hardscaping, landscaping, siding & exteriors, tile, stone & countertops, air conditioning & heating, gutters, spa & pool, home additions, deck building, tile installation, basement remodeling, custom cabinets, fence installation, lighting installation, garage building, cabinet installation, backsplash installation, electrical and plumbing and appliances.

What contractors can I work with?

Any contractor can provide PowerPay financing.  If your contractor does not offer it, simply ask them to sign up on our dealer enrollment page.  It’s free for the contractor to sign up, takes only a few minutes to set up their account and they can process your loan in less than 48-hours. 

Does using PowerPay impact my credit score?

No.  When you apply for a PowerPay loan it will not affect your credit score.  PowerPay uses what’s known as a soft pull from credit agencies.  A soft inquiry—also called a “soft pull”—allows us to review your credit report and credit score to get a sense of how well you are managing your credit but it will not affect your score.

What equipment do you finance?

We work with all of the major equipment and material manufacturers.

Why should I use PowerPay?

Just like many people finance their car payments, over 50% of all home improvement projects are financed. Financing can be a great payment option when your dream project costs too much money to pay for all at once. Using PowerPay, you can translate that expensive lump sum into a low, affordable monthly payment. The result is the opportunity to stop worrying about what a project costs, and spend more time dreaming about the possibilities for your home.

What makes PowerPay different?

PowerPay is a fully independent company that is committed to delivering loans with no extra fees or added costs in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

How do I buy with PowerPay?

It’s easy. You can either work through your participating contractor or contact us directly.  Follow our simple application process. If you pre-qualify, you’ll be shown the monthly cost of the item and can complete the process.

Where do I apply?

You can apply on our website at our online application form. Or, simply work with any participating contractor.

How can I get approved for a loan?

Just fill out the simple online application and receive a decision in seconds. It’s that easy.

Who is eligible to apply for PowerPay?

U.S. residents over the age of 18 (or 19 for Alabama or Nebraska residents) are eligible, provided we can verify your identity.

Can I pay my loan back early?

Yes. You can prepay anytime for all or part of your loan. There is never a penalty for paying early.

What is the application process like?

The application process is fast and easy. You’ll be asked to provide some basic information about yourself. If you qualify, you will receive an email with one or multiple loan options along with a loan limit that may even go beyond the cost of your project. You may opt to borrow more and add things like annual maintenance and monitoring to your loan.
Where applicable, there is a one-time member activation cost for each approved loan. For convenience, that cost can be rolled into the final loan balance. As a PowerPay member, you also get exclusive access to member benefits from our lender, including insurance, monitoring, utility, & entertainment partners. Your contractor will walk you through the details prior to signing. All of the documents are electronic so you can sign everything from your home or office without any paperwork.

How does the financing work?

Fill out our online application and receive an instant approval via secure private email. Next, select the plan you want to choose with your contractor and then receive and sign our secure paperless closing documents. 

Can I obtain a direct loan using PowerPay?

Yes.  PowerPay is available to help to finance a home improvement through participating contractors, but if you do not have a participating contractor, we can help connect you to one in our network. Alternatively, your current contractor can enroll with us and be up and running in less than 48-hours.

Is PowerPay a bank?

No, we are not a bank. We are a digital lending platform designed specifically for the home improvement industry.

Are payments secure?

It is very important to us that your personal information remains secure and encrypted. We install endpoint protection software and/or secure web gateways at all points in our online process. There is a data protection policy in place to help ensure that personal data is kept secure.

How do I make payments?

Once your loan is processed you will receive your loan documents, welcome package, and payment instructions. You can pay with ACH, check, or debit card.

How is the APR (annual percentage rate) determined?

We work with our lender network to look at the credit risk of you as a borrower, and to give you a rate that fits your credit profile. Your financing options are presented to you in clear, simple terms. You are never obligated to accept them. Unlike many platforms that offer credit cards, PowerPay strives to offer lower-risk borrowers with lower rates. The annual percentage rate is the cost of credit as a yearly rate.

Why was I declined for a loan?

Unfortunately, financing options can’t be provided to everyone. If you believe a mistake has been made, please let us know by contacting 800-397-4485. If you are declined, you will receive a notice within 30 days at the email address you provided to us, describing some of the reasons you were declined. Applicants are declined only for credit reasons.

Where can I ask a question or make a complaint?

Please let us know right away. If we have fallen short of our goals, we’d like to know as soon as possible so that we can rectify the situation. You can call us at 800-397-4485 or chat online 24 / 7.

When are my payments due?

Your first payment will be due approximately 30 days from the funding date. Subsequent payments are due every month after that, usually on the same day of each month.

Is PowerPay a credit card?

No. PowerPay is a consumer loan program. You do not need to hold and manage yet another credit card when you work with PowerPay.