Home Improvement Loans
& Financing Options

Get approved in under 2 minutes!

This will NEVER affect your credit score

Never compromise on your home improvements.

Chances are, you’ve always had a vision for what your home can be. But when it comes time to remodel your basement, bathroom or kitchen, update your roof or enhance your HVAC system, costs can enter into the tens of thousands – and therefore might not be affordable. By transforming that cost into a low, fixed monthly payment, homeowners can finally make their dream home a reality.

Home Improvement Loan Options & Benefits

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 home improvement 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.

PowerPay loan services have credit pulls (does not affect your credit score), low home improvement loan 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

Electrical Loans

From repairs to the entire home rewiring inside and outside.

Exterior Siding Loans

Install any siding project including vinyl, fiber cement, Hardie board, composite, wood, metal, brick, and stone siding.

Foundation Waterproofing Loans

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

Home Improvement Loan Calculator: Calculate your monthly loan payment

Term (In Months)

Annual Percentage Rate

How to Get a Home Improvement Loan with PowerPay

We understand how important your home improvement project is, which is why we’ve developed a simple and easy loan process to get you the best home improvement loans available. 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


Home Improvement Financing FAQ

What is the best way to finance home improvements?

A home improvement loan is the best way to finance home improvements because you can borrow a large sum of money at a fixed interest rate, which can save you money in the long run. Home improvement loans also come with low interest rates and no origination fees, so you can keep more of your hard-earned money.

How does home improvement financing work?

Applying for a home improvement loan is a relatively simple process with just a few steps to get you the money you need. First, find a lender that offers home improvement loans either by searching online or by contacting local banks or credit unions.

Once you’ve found a lender that provides good rates, long term repayments and low monthly payments, you’ll need to provide some basic information, such as your name, address, Social Security number. You’ll also need to provide information about the property you’re interested in improving, such as the estimated value of the property and the amount of the loan you’re seeking.

The lender will then review your application and may ask for additional information or documentation before making a decision. If the lender approves your application, loans can be paid in as little as a few days.

Where can homeowners go to learn about current rates and types of financing available?

Digital lending platforms are a great resource for homeowners looking for information about current rates and types of financing. Lenders often offer online calculators that help borrowers estimate how much they can afford to borrow. Borrowers can also use these calculators to compare the cost of various loans.

What are some of the benefits of home improvement financing?

There are numerous benefits of home improvement financing. Some of these benefits include the following:

1. You can get a lower interest rate on your loan when you finance your home improvements. This is because the interest rates for home improvement loans are generally lower than those for other types of loans.
2. You can spread out the payments on your loan over a longer period of time, which makes them more manageable. This can be especially helpful if you are not able to afford to pay for your home improvements all at once.
3. You can use the money from your loan to make any type of home improvement that you want, regardless of whether or not it is covered by your insurance policy, helping make all home improvements you need more affordable.

How do I know if I'm eligible for home improvement financing?

There are a few different things that lenders will look at when considering a loan application for home improvement financing. To start, they’ll want to know how much you’re looking to borrow and what the purpose of the loan is. They’ll also need to review your credit history and score to get an idea of your overall credit risk. Finally, they’ll want to see evidence that you’re capable of making regular monthly payments on the loan.

If you’re confident that you meet all these requirements, then the best thing to do is start gathering the necessary documents and preparing your application. This includes things like proof of income, employment history, and credit reports. Having all this information ready will help make the application process move along smoothly and quickly.

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.