Home Improvement Loan

Home Improvement Loan


Home Improvement Loan | No home equity? No problem.

Turn your Current Home into your Dream Home

Renovations can increase your home’s value. If your home is in need of a little TLC, but you don’t have substantial equity in your home yet, then a “No Equity” Home Improvement Loan could be what you need.

With an IFCU's Home Improvement Loan, your interest rate is typically lower than a credit card or home improvement store card. Plus, you’ll have set monthly payments and can pay off your loan faster – all while increasing your home’s value.

This loan could cover expenses like:

  • New appliances
  • New carpeting or flooring
  • Larger projects such as a new kitchen, bathroom, deck, pool, or gazebo
  • All materials, labor, and other expenses related to your home improvement project

Get started on your next project today.

Loan Features | No home equity? No problem.

  • Fixed rate as low as 7.99% APR*
  • Unsecured loan
  • Terms from 12 to 60 months
  • Loan amounts from $3,000 to $15,000


Or visit one of our 10 branch locations to apply.

*Annual Percentage Rate (APR). All loans are subject to approval and individual rates may vary based on your credit score, terms, and underwriting conditions. Your actual rate may be higher. Typical repayment example for a loan of $7,000 at 7.99% APR is $141.90 a month for 60 months. Minimum loan amount is $3,000 and maximum loan amount is $15,000. This loan applies to owner occupied single-family primary residence. Proof of home improvement will be required before funds are disbursed, such as a bid, or quote. Certain restrictions may apply. We may offer other terms and conditions connected with this offer. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call us at 765-771-8000 option 1 to talk to a consumer loan specialist for current rates, terms and conditions .