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Home Improvement Loans
Invest in your home
Make improvements to your home with flexible financing
Turn your home project ideas into reality with a home renovation loan, or switch to eco-friendly home products with our energy efficient loan. We specialize in understanding various UN contract terms, often enabling us to lend to more members at competitive rates.
Home renovation loan
Remodel your kitchen, upgrade your appliances, replace your flooring, and more.
- Borrow from your approved loan amount in increments or in full over two years. Pay interest and principal on only the amount you borrow.
- Rates start as low as 10.25% APR.1
- Money goes directly to you, so you can pay your contractor as the work is done.
Energy efficient loan
From adding insulation to installing solar panels, finance projects that minimize your utility bills and maximize your positive impact.
- Enjoy a discounted rate starting at 8.75% APR.1
- You will be asked to provide documentation from your service provider(s) that the project is energy efficient.
- Your approved loan amount will be issued directly to your service provider(s).
More benefits
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Apply for free
Apply online or in person with no application fee or origination fee.
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Repay your loan early
There are no pre-payment penalties for paying back your loan before the end of your term.
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Earn extra dividends & fee rebates
Your loan balance with us contributes to your eligibility for Member Loyalty Rewards.
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Protect your loved ones
Your loan includes free coverage in the event of your passing.
Home improvement loan details
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Home renovation loan |
Energy efficiency loan |
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|---|---|---|
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Loan amount |
Home renovation loan $500 to $150,0002 |
Energy efficiency loan $500 to $150,0002 |
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Rate |
Home renovation loan Fixed starting at 10.25% APR1 |
Energy efficiency loan Fixed starting at 8.75% APR1 |
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Term |
Home renovation loan 6 months to 15 years (shorter terms offer lower rates) |
Energy efficiency loan 6 months to 15 years (shorter terms offer lower rates) |
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Collateral required |
Home renovation loan None |
Energy efficiency loan None |
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Decision time |
Home renovation loan As little as four business days3 |
Energy efficiency loan As little as four business days3 |
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Application fee |
Home renovation loan $0.00 |
Energy efficiency loan $0.00 |
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Pre-payment penalties |
Home renovation loan $0.00 |
Energy efficiency loan $0.00 |
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Origination fee |
Home renovation loan $0.00 |
Energy efficiency loan $0.00 |
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Disbursement time |
Home renovation loan |
Energy efficiency loan |
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Home renovation loan
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Energy efficiency loan
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Home renovation loan
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Energy efficiency loan
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Home renovation loan Enroll for a fee |
Energy efficiency loan Enroll for a fee |
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Consistent monthly payment amounts |
Home renovation loan
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Energy efficiency loan
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Check your eligibility
Repaying what you borrow should never be a struggle. We evaluate each loan request based on factors that can affect your ability to repay. View eligibility criteria.
Apply for a home improvement loan
Complete your online application 24/7 from anywhere in the world.
Top home improvement loan FAQs
These loans are a hybrid model. During the first two years of the loans, you can borrow up to your approved loan amount in any increment. You only pay interest on the amount you borrow. These characteristics are similar to a credit line. Unlike the other credit lines we offer, the amount you may borrow is not replenished with each payment.
All UNFCU loans are in US dollars (USD).
Unsecured loans are not backed by collateral. This means there is no asset for the lender to claim if the borrower is unable to pay back the loan. Our unsecured personal loan is an example of an unsecured loan.
A secured loan requires an asset as collateral. For example, a mortgage is a secured loan. The home being purchased is used as collateral to secure the mortgage. In the event the home buyer is unable to repay the mortgage, the lender can claim the property.
For unsecured loans and secured auto loans, the term of your loan is one of several factors that determine the rate. The term of the loan does not impact the rate for a secured with deposit loan. For lines of credit, including credit cards, term is not applicable.
You can select your term as part of the application process. Loans with shorter terms usually have lower interest costs but higher monthly payments than loans with longer terms. Term options range from six to 180 months, depending on the loan. The loan officer who reviews your application may contact you to discuss a different term than the one you selected. This will be based on our assessment of how much you can afford to pay each month.
Please contact us as soon as possible to inform us of your future plans. If you receive a final entitlement, we may apply the full amount or a portion of it to cover the amount you owe. We will discuss your options with you.
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More ways to borrow
Browse multi-purpose loans and loans for specific purposes, all designed for the UN community.