Ikano Bank home improvement loans

With an Ikano Bank home improvement unsecured loan you can borrow between £1,000 - £15,000 over 12 to 60 months

  • Low rates from 4.5% APR Representative on loans between £7,500 and £15,000
  • Once approved you can have the money in your bank the next working day
  • It only takes 10 minutes to apply and sign online
  • Get your personalised home improvement loan quote with no impact on your credit score
  • Over 316,000 customers approved in 2016

Get your personalised home improvement quote

arrow up
Ikano Bank home improvement
Ikano Bank home improvement

 Moneyfacts Awards 2017 - winner - best personal loan provider 

Here's why an Ikano Bank home improvement loan could be the right choice for you.

People up and down the country have chosen our personal loan to help them improve their home.

customer icon
Over the last 21 years we've helped thousands of people in the UK turn their home plans into a reality
tick icon
We've made our home improvement loans easy to manage with fixed monthly payments
coin icon
You can make extra payments with no fees giving you more flexibility
column  icon
Owned by the family who founded IKEA, we’re proud that millions of UK customers have chosen us

Home improvement loans - All you need to know

At Ikano Bank we want to make getting a home improvement loan as simple as possible. Here are some guides to help you compare the different ways to borrow.

Ikano Bank Home improvement house balance
Personal loan vs. remortgage
What's the difference between a personal loan and a remortgage? How should you decide?

Read more

Ikano Bank Home improvement lamp
Ways to add value to your home with a £7,500 loan
Hints, tips and inspiring ideas to use a loan to add real value to your home

Read more

home happiness
Home Happiness
What’s the real secret to happiness at home? See what we did for the Snook family

Read more

Home Improvement Loan Calculator


Your loan

Representative Example: Loan amount; £10,000, Term; 48 months, Monthly repayments; £227.63, Total amount repayable; £10,926.24, Cost of credit; £926.24, Interest rate (fixed); 4.4%, Representative 4.5% APR.
This calculator will give you an idea of what most people will pay. To see the rate you could be offered, get a personal quote. The maximum APR you could be offered is 29%.

In plain English

We like to keep things simple. We try to use plain English and avoid using jargon, so our products and services are easy to understand. We’ve answered a few questions below, for more questions and answers see the full list.

  • What is a personal loan?
  • What is a credit search?

    When you apply for credit (either with Ikano Bank or with any other lenders), a credit search is carried out. Credit searches help lenders make informed, fair decisions about lending money, as they can see what financial products you have and how well you've managed them in the past.

    The 'search' is where lenders request information about you from credit reference agencies. There are 3 main credit reference agencies in the UK (Experian, Call Credit and Equifax). These agencies hold lots of information about adults living in the UK - including whether you're on the electoral roll, financial products you have, how much you currently owe and how well you've managed any financial products you've had (for example – have you missed any payments, any county court judgments etc).

  • Can I pay my loan back early?

    You can make overpayments or additional payments at any time with no fees or charges.

    When you overpay, your monthly payment amount stays the same but your overall amount will reduce. So, depending on the amount you overpay you will either have fewer monthly payments or a reduced final payment amount.  

    For example, if you only make a small overpayment - your final payment will be less than your usual monthly Direct Debit payments. For larger overpayments - your final payment will happen sooner (reducing the length of your loan).

    If you would like to pay back the full amount you owe, call us on 0371 781 3058* or write to us - Ikano Bank, PO Box 10081, Nottingham, NG2 9LX

    We'll let you know:

    • how much you need to pay ('settlement balance')
    • when you need to pay us by (the ‘settlement date’)
    • how much interest you will save by paying back early

    Your settlement figure will include up to 58 days interest, in line with the Consumer Credit (Early Settlement) Regulations 2004.

    *Calls to this number cost the same as a call to a standard '01' or '02' landline number, even when calling from a mobile. Calls to this number are also included in any bundled minutes or free talk time that covers landline calls. Where calls are made outside of a bundle you will be charged at the national rate. Calls may be recorded for training purposes.

  • What is a personal quote?

    A personal quote is where we show you what APR (Annual Percentage Rate) you would be offered and exactly how much your monthly payments would be if your application is accepted.

    Most lenders show you the representative APR - the rate most customers are offered but not necessarily the one you will get.

    To give you a quote, we carry out a credit search. Don’t worry, other lenders are not able to see this on your credit file. This means that getting a quote from us won’t affect your ability to get credit in the future.

  • What happens if I miss a payment?

    Each month your loan payments will be taken by Direct Debit. When you apply, you can choose the date this payment will be taken each month.

    If these repayments are not made on time you will be charged a fee.

    Late payment fee - £25
    Unpaid direct debit fee - £12
    Returned cheque or debit card payment - £12

    Missing payments or paying less than the minimum amount could make it more difficult to arrange credit in the future. If you miss a number of payments a 'default' would be recorded on your credit file at Credit Reference Agencies and you may also face legal proceedings. 

    If you have a loan with us and are concerned about making payments, please contact us as soon as possible. We have a team of trained advisors who can help and support you - call us on 0344 856 5743

  • When do I get my money?

    If your application is accepted online we do some checks overnight to keep you safe from fraud and identity theft.

    If everything is ok, we'll email you the next day to confirm that your application has been approved. You would then receive your money the next working day.

  • What is a personal loan?
  • What is a representative APR?

    The APR (Annual Percentage Rate) is the rate of interest payable for the money you would like to borrow. This is worked out on a yearly basis and allows you to compare our rates with other lenders. The representative APR is the APR that at least 51% of customers will pay, but is not necessarily the rate that you would be offered.

    You can get a personal quote here.

Important Information

person icon person icon Who we lend to
Product information Product information What you need to apply
  • UK residents over 18 years old (excluding Isle of Man and Channel Islands)
  • with an income of at least £10,000 a year
  • with a good credit history, no previous County Court Judgments, Debt Relief Orders, Individual Voluntary Arrangements, defaults or bankruptcies
  • with a UK bank account in your name which accepts Direct Debits
If all of these apply this doesn't guarantee that your application will be accepted. We will need to do some additional credit and affordability checks.
  • Your address(es) with postcode for the past 2 years
  • Current employer’s name and address, and how long you’ve worked there
  • Bank or building society sort code and account number
  • Your monthly income after tax and information about any other related household income
  • Monthly mortgage or rent amount and any childcare payments or school fees.
  • An email address, so we can contact you about your loan.

Our UK contact centre

If you have any questions about personal loans you can call us on 0344 856 5743

We are open

Monday-Saturday 9.00am - 8.00pm
Sunday 10.00am - 1.00pm

Calls to this number cost the same as a call to a standard "01" or "02" landline number, even when calling from a mobile. Calls to this number are also included in any bundled minutes or free talk time that covers landline calls. Where calls are made outside of a bundle you will be charged at the national rate. Calls may be recorded for training purposes.

The actual cost you are charged will depend on your phone provider, please check with them if you are unsure.