Finance your home
improvements

Get approved in under 2 minutes!

This will NEVER affect your credit score

Home Improvement Financing

Our mission at PowerPay is to deliver fair and affordable loans to consumers that want and need to improve their homes. The last few years have reminded us how important it is for our families to experience a home that is comfortable, safe, and secure. By turning an expensive home investment into a low and affordable monthly payment, you can provide you and your family with the home that you want and need. PowerPay loans offer the lowest payments with low rates and the longest terms in the industry, so you’re able to purchase the improvements you want now, then pay it off over time.

With soft credit pulls (does not affect your credit score), low rates, long terms, no prepayment penalties and no credit cards, any home improvement inside or outside your home is within reach. We make the process of financing your home improvement both fast and easy. With a 2-minute application and instant approval, it’s never been easier to start turning your dream home into a reality.

Industry Best Program

up to 15- year terms, rates from 4.99% and max loans of $100,000

Streamlined Process

instant decisions, electronic docs, quick and easy loan process

No Prepayment Penalties

pay off part or all of your loan early with NO penalty fees

Our Most Popular Home Improvement Loans

HVAC Systems Loans

Purchase an energy efficient HVAC system from any major manufacturer.

Interior Remodeling Loans

Interior renovation and remodeling for new rooms and additions for anything inside your home.

Kitchen and Bath Countertop Loans

Get a loan to remodel your kitchen or bath – countertops, cabinets, flooring, etc.

Flooring Loans

Upgrade your floor with tile, hardwood, natural stone, porcelain, etc. includes material and installation.

Electrical Loans

From repairs to the entire home rewiring inside and outside.

Foundation Waterproofing Loans

Interior and Exterior waterproofing and foundation repairs – french drains, sump pumps and more.

Whole House Generator Loans

Loans for whole home generators from Generac, Cummins, Briggs & Stratton, Kohler and more.

Gutter Loans

Gutter replacement and gutter cover systems.

Attic Insulation Loans

Attic Insulation or wall insulation for any energy efficiency project.

Interior Remodeling & Addition Loans

Renovate or remodel rooms in your home or build an addition.

Lighting Loans

Exterior and Interior lighting including security and smart homes.

Paint & Wall Covering Loans

Interior and Exterior painting and wall coverings.

Sheds, Barns & Structures

Sheds, Barns and Structures affixed to the property.

Security & Home Automation Loans

Security and Home Automation includes audio and video, smart home, automated blinds, thermostats and more.

Sunroom & Patio Enclosure Loans

Sunrooms, Patio Enclosures, She Sheds, ADU’s and more.

Water Treatment Loans

Water filtration and water treatments.

Calculate your monthly loan payment


Term (In Months)

Annual Percentage Rate

How it Works

We understand how important your home improvement project is, which is why we’ve developed a simple and easy loan process. First, you need to complete the 2-minute application (this will not affect your credit score). Once you’re approved, you and your contractor will confirm the final cost of your project and sign our electronic loan documents. Once we receive the loan documents, your project can start! Your payments will begin approximately 30 days after your project has been completed. You can pay online or through our mobile app.

Save Time.

2-minute application, instant decisions, electronic docs

Save Money.

with rates from 4.99% and up to 20-year terms, you get the lowest monthly payment

Be Happy!

make your dream home a reality- buy now and pay over time

Reviews

Financing for Home Improvement FAQ's

What is PowerPay?

PowerPay is a digital lending platform for the home improvement financing industry. Our fully automated technology offers near-instant approvals on loans up to $100,000, helping homeowners translate expensive home improvement projects into low, fixed monthly fees that can be paid over time.  Imagine needing a new roof and your estimate is $10,000.  With a PowerPay home improvement loan – we can convert that expensive investment into your home into a $100 monthly payment.  You can pay off the loan whenever you want with no fees or penalties.

Unlike other digital lending platforms, PowerPay is a fully independent company that is committed to delivering loans with no hidden fees, credit cards or prepayment penalties 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.  PowerPay has delivered over $1 Billion in home improvement loans to over 40,000 borrowers in the U.S.

Does using PowerPay impact my credit score?

No, it will not affect your credit score.  With your authorization, PowerPay checks your credit score using a “soft credit check”. A soft credit check does not impact your credit scores so there is no impact to your credit score to see if you qualify for any PowerPay home improvement loan.

Why should I use PowerPay?

Most people finance their car payments. Like a car, a home improvement project generally requires a large payment. This is why over 50% of all home improvement projects are financed – unfortunately often time using expensive credit cards.  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.  Our goal is to help consumers focus on what they need and want in their home improvement project by offering lower interest rates, long-term loans which make expensive projects affordable.  Take a $20,000 project and turn it into a $200 monthly payment.  Often times this helps consumers get the actual project they want having to settle for less desirable materials or finishes.

How do I use PowerPay for a home improvement loan?

It’s easy. You can either work through your participating contractor (we call them merchants) who will share a custom link or apply via our online application. The application takes under 2 minutes and since we use a soft credit check, it will not affect your credit score. If you pre-qualify, you and your contractor will settle on the final price of the project at which time you may have several loan options to choose from including promotions or loans of different rates and duration. Once you select a product your contractor can submit the project and you will receive your loan documents via secure email.  Once you sign the loan docs your contractor can begin the project. We will pay your contractor. We do not pay you directly.

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. Using a link provided by your contractor or our online application it will only take 2 minutes to complete.  You’ll be asked to provide some basic information about yourself and once complete you will get an instant answer. If you qualify, you will receive an email.  In some cases based on the contractor, you learn or see what loan options are available to you.  You may see promotional loans with no interest or no payment options or multiple terms and rates loan options – and you can choose what is best for you.  Where applicable, there is a one-time member activation cost only if your loan is approved. For convenience, that cost is rolled into the loan. 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.

Is PowerPay a bank?

No, we are not a bank. We are a digital lending platform designed specifically for the home improvement industry.  We process and service all loans so we are with you every step of the way.

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.  We have an online portal where you can set up automated payments, or pay via electronic check, ACH or debit card. We also accept physical checks.  Approximately 30 days after your project is complete you will receive your first monthly invoice.

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.

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 with us 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. We dislike expensive credit cards.  PowerPay is a consumer loan program.  You do not need to hold and manage an expensive credit card when you work with PowerPay.

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.