Home Improvement Loan
Fund a home project without borrowing against your home. No equity required.
Rates change. See Current Rates for today’s figures.
A Home Loan That Is Not a Home Equity Loan
Home Improvement Loan finances updates to your home regardless of your home’s present equity position. That is the point of it. If you have just bought, if values have moved against you, or if you would simply rather not put the house up as collateral, this is the route that does not require equity.
What You Should Know
No Equity Needed
Available regardless of your home's present equity position.
Your Home Is Not Collateral
Because it is unsecured, the house is not at risk if you fall behind.
Any Home Update
Kitchens, bathrooms, roofs, windows, whatever the project is.
Available Amounts
Up to $50,000, with terms from 60 to 180 months.
What to Have Ready
Because this is not secured by your home, underwriting looks mostly at you rather than the property. Bring proof of income and a rough sense of what the project costs.
- Proof of income
- An estimate or quote for the work
Current Rates
Smart E-Loan
As low as
6.99%APR²
Home Improvement Loan
As low as
7.99%APR²
Credit Builder Loan
As low as
7.99%APR²
Personal Loan
As low as
9.49%APR²
APR = Annual Percentage Rate. Rates effective 16 September 2026 and subject to change without notice. Your APR may differ based on credit history, term, and other factors. Not all applicants will qualify for the lowest rate. Applicants consolidating debt add 1.00% to the personal loan base rate, not to exceed 17.99%.
Apply for a Personal LoanView all personal loan rates, terms and maximums
| Loan Type | Term (Months) | APR As Low As | Maximum Amount |
|---|---|---|---|
| Personal Loan | Up to 12 | 9.49% | $25,000 |
| Personal Loan | Up to 24 | 9.74% | $25,000 |
| Personal Loan | Up to 36 | 9.99% | $25,000 |
| Personal Loan | Up to 48 | 10.24% | $25,000 |
| Personal Loan | Up to 60 | 10.49% | $25,000 |
| Home Improvement Loan | Up to 60 | 7.99% | $50,000 |
| Home Improvement Loan | Up to 84 | 8.49% | $50,000 |
| Home Improvement Loan | Up to 120 | 8.99% | $50,000 |
| Home Improvement Loan | Up to 144 | 9.49% | $50,000 |
| Home Improvement Loan | Up to 180 | 9.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 60 | 6.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 84 | 6.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 120 | 6.99% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 144 | 7.49% | $50,000 |
| Smart E-Loan (CT Green Bank) | Up to 180 | 7.99% | $50,000 |
| Credit Builder Loan | Up to 12 | 7.99% | $5,000 |
| Credit Builder Loan | Up to 24 | 8.49% | $5,000 |
| Credit Builder Loan | Up to 36 | 8.99% | $5,000 |
| Money Line of Credit | Open end | 9.49% | $15,000 |
| Rapid Cash Short Term Loan | Up to 12 | 28.00% | $2,000 |
| Mashantucket Pequot Tribal Nation Loan | Up to 12 | 17.95% | $2,500 |
| Share Secured Advance | Up to 84 | 7.00% | 100% of shares |
| Certificate Secured Loan | Term of certificate | Certificate rate plus 3.00% | 100% of certificate |
Common Questions
A home equity loan is secured by your house and depends on how much equity you have. Home Improvement Loan is not, and does not. The trade-off is that an equity loan usually carries a lower rate. A lender can compare both for your situation.
No. Because a Home Improvement Loan is not secured by your home, no appraisal is required.
Up to $50,000, based on your income and credit.
Talk it through with a Waypoint Credit Union representative.
Local decisions. No obligation.
A short conversation before you apply tells you what you can realistically borrow and what it will cost in total. Book a time at any Waypoint branch, or start online and we will pick it up from there.
Important Disclosures
APR = Annual Percentage Rate. Rates are accurate as of 16 September 2026 and are subject to change without notice. Your APR may differ based on credit history, credit worthiness, collateral year, term of loan, loan to value, and fees that may constitute finance charges. Not all applicants will qualify for the lowest rate. Your actual APR will be included in the initial Truth in Lending disclosure.
Payment example: for a loan amount of $5,000 with an APR of 9.49% over a term of 12 months, the monthly payment would be $438.24.
Applicants consolidating debt add 1.00% to the personal loan base rate, not to exceed 17.99%.
Share secured and certificate secured loans and other flat rate loans are not subject to managed risk pricing.