Same as cash loans for home improvement is one of the most requested products by consumers, contractors a manufacturers. This is an old industry term that can have different meanings depending on who you ask. The traditional meaning was for a product that was offered by a contractor, manufacturer, distributor or dealer for their consumer and the primary benefit was a small or no minimum payment loan that carried a 0% term that if the consumer paid the balance in full they would incur no interest charges. There were and are quite a few different iterations of this program but most if not all have been changed a bit due to the legislation that was enacted to better protect consumers.
The new programs are both beneficial to the contractor and the consumer in many ways. The contractor can still sell their product or service by advertising a 0% APR for home improvement and the consumer can reap this benefit. Same as cash for home improvement is available with credit card offers for home improvement with a minimum monthly payment that goes directly to reducing the proinciple balance. This amount is typically 1.5%-3% of the outstanding balance and is set up to encourage regular if only modest payments by the consumer. They still get the ultimate benefit of a 0% APR product and if they pay in full they will not incur and interest or fees whatsoever.
Get started today by searching our wide variety of 0% APR home improvement credit cards.
0% APR on Purchases Up to 18 Months- Over 30 Different Offers to Choose From- Good to Excellent Credit Required- Research and Compare all Cards - Start By Clicking "choose offer"
FICO as low as 660 (Experian) Primary applicant gross annual income must be at least $50,000 No bankruptcies or foreclosure Loan terms ranging from 3 years to 15 years (based on qualification) Loan amounts up to $55,000 (minimum of $5,000) Fixed rat
Loans from $5,000 - $100,000 unsecured. Rates starting at 4.99%* APR with AutoPay. Good to Excellent credit required. 12 year payment terms^ available for excellent-credit customers. No prepayment penalty. Money in your account as soon as today.† N
$1,000 to $40,000 for Home Improvement Rates from 6.16% to 35.89%* APR. Best APR is available to borrowers with excellent credit 3 & 5 Year terms * No prepayment Penalty Not available in Iowa & West Virginia Minimum score 620 ( TransUnion)
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.www.homeimprovementloanpros.com is an independent, advertising-supported comparison service. The owner of this website is compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.