Do you want to increase the value of your home? Do you need more living space for your growing family? Or maybe you just need to replace that old roof or put in new energy saving windows? A home improvement loan may be suitable for you.

Home improvements is the number one reason our customers give when applying for a secured loan. Secured financing may be suitable because you can borrow a larger sum and choose to repay over a longer term to keep repayments down.

If your loan purpose is home improvements we may lend up to 90% of your house value!

Whatever is happening in your life right now, whatever purposes you are looking to borrow for, find out why a home improvement loan could be the right choice for you. We’ve put together some frequently asked questions, to help you make an informed decision. Click on the links below for more information.

A home improvement loan uses your home as security for the repayments. So in the case of default you could lose your home. Home improvement loans are ‘second charge mortgages’ as this type of loan ranks after your mortgage for security. Home improvement loans are regulated agreements by the Financial Conduct Authority.
Home improvement loans are secured using your property as collateral. If you fail to maintain your monthly payments your home may be at risk. Therefore lenders will often accept an application for a secured loan which they may decline for an unsecured loan. So lenders can be more flexible with secured loans and will usually offer larger sums over longer periods. Unsecured loans do not place your home at risk.
In order to apply for a secured loan with Arrow Loans you must fit our criteria:
  • Aged 21-68
  • A homeowner occupier
  • Live in England or Wales
  • Be able to afford the repayments comfortably from normal income
We are dedicated to being open and honest about the procedure for getting a home improvement loan through us. Therefore we have put together a guide which outlines our loan application process to help you understand every aspect.
Homeowners can borrow up to £25,000
The amount borrowed can be customised to whatever suits you best. Arrow Loans offers secured loan repayments up to 180 months (15 years), which means the loan can be repaid over a term whereby you find the monthly repayment amount affordable.
Secured loan interest rates are usually lower than those for unsecured loans. The amount of borrowing and the term chosen influences the interest rate.
We are committed to telling our customers about our fees. There are NO fees or costs payable before the loan is issued. When your loan is issued there will normally be an arrangement fee of up to £495 added to your loan amount. This fee will vary as it is intended to cover our costs, such as legal and valuation, on a case by case basis. The amount you repay is clearly stated on your loan quote.
Yes! Our loans are regulated by the Financial Conduct Authority so you can settle early, overpay and make lump sum payments. This can reduce the amount of interest paid on the loan, ultimately saving you money

Interest Rates

Our representative rate for homeowner loans is 19.9% APR - at least 51% of successful applicants receive this rate
The Representative APR includes the cost of arranging your homeowner loan as well as the interest charge on the money lent. You will be told the APR at the commencement of the statutory cooling off period – at least 8 days before you receive your loan documentation to sign.