Plunk Home Renovation Loan
Greater borrowing power
Apply in minutes
in a week
It's a simple application—all from your iPhone.
Three ways to get started:
Loan proceeds directly fund the remodel project
Lower interest rate—secured by home
You can borrow against the remodeled value of your home
Apply and fund, all from your phone
Greater borrowing power
at your fingertips
A "Home Renovation Loan" is like a HELOC, except...
What is a Plunk Home Renovation Loan?
A Plunk Home Renovation Loan is a special purpose loan designed specifically for fixing up your home—for anything from small updates to major remodels. The available loan amount for a Plunk Home Renovation Loan is $20,000 - $200,000.
Using a home renovation loan to fund home improvement has several advantages over credit cards and personal loans, including lower interest rates, flexible loan payback periods, tax advantages, and the simplified application and approval process.
What are the advantages of a home renovation loan?
Home renovation loans are secured by the value of your home—and therefore the interest you pay in most cases is deductible (consult your tax advisor). The savings related to mortgage interest deductions can be considerable.
With a Plunk Home Renovation Loan, you have much more borrowing power. Because you are adding value to your home, you can borrow against that value. Traditional home lending and even HELOCs allow you to borrow against the current value of your home, while a Plunk Home Renovation Loan allows you to borrow against the future remodeled value of your home—thereby accessing more borrowing power.
Plunk Home Renovation Loans offer lower interest rates than most other forms of credit— typically offered at a fraction of the rate offered on credit cards, retail cards, and unsecured personal loans.
A Plunk Home Renovation Loan can be initiated, applied for, and approved, all from your phone in a matter of just a few minutes. No appraisal and no paperwork, and funding is much faster than going to your bank, savings and loan, or mortgage broker.
Why consider a home renovation loan?
Can a home renovation loan be added to your mortgage?
What can home renovation loans be used for?
What are the home renovation loan rates?
Are home improvement loans tax-deductible?
Is my personal information secure?
Will applying for a home renovation loan impact my credit?
How long does it take to get approved for a loan?
We take extensive precautions to ensure that your personal information remains confidential. We follow security protocols to protect your privacy and security. Our servers are also equipped with SSL certificate technology.
Plunk is not a lender. This is not a commitment to lend. Credit and collateral are subject to approval. Programs, rates, terms and conditions are subject to change without notice. We partner with lenders that leverage Plunk's AI technology to provide Home Renovation Loans.
UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:
Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling; or
Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.
If you believe you have been discriminated against, you should send a complaint to:
ASSISTANT SECRETARY FOR FAIR HOUSING AND EQUAL OPPORTUNITY DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Washington, DC 20410
For processing under the Federal Fair Housing Act
OFFICE OF THE COMPTROLLER OF THE CURRENCY
CUSTOMER ASSISTANCE UNIT
1301 McKinney Street, Suite 3450
Houston, TX 77010-9050