A home improvement loan can be used to finance home repairs or remodels. Loans marketed for home improvement are generally personal loans, but you can also use a credit card, home equity loan or home ...

Home improvement loans can take time to get approval. If it’s tied in with your house, Craig says it might take longer to get approval than a car loan or an unsecured personal loan, for example.

Home improvement loans may help cover weather-related repairs, but borrowing has costs. See what to compare before applying.