Introducing the
Plunk Home Renovation Loan

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Greater borrowing power

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Lowest rates

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Apply in minutes

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Receive funding

in a week

It's a simple application—all from your iPhone.
Three ways to get started:

Have an iPhone and ready to apply:

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Not on your iPhone right now? Enter your phone number below
and we'll text you a link to download the app:

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Don't have an iPhone?

You can still apply here:

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  • 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

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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?


If you have a credit score greater than 680 and want to borrow between $20,000 and $200,000 for a home improvement project, it’s worth considering a Plunk Home Renovation Loan. You would likely benefit from lower interest rates, significant tax benefits, and increased borrowing power.




Can a home renovation loan be added to your mortgage?


While a Plunk Home Renovation Loan is also secured by your home and its value, it is treated as a separate loan from your mortgage and takes a secondary position to your mortgage. Like your first mortgage, the interest you pay is often deductible and therefore provides you with an important and considerable tax advantage.




What can home renovation loans be used for?


Any type of improvement to your home. Remodeling your kitchen, adding a pool, or installing solar panels on your roof, for example. Home Renovation Loans allow you to borrow from $15,000 to $200,000 even if you do not have that much current equity in your home Review Plunk’s recommended projects as you consider which upgrades to tackle and get an understanding of the costs and benefits of each project.




What are the home renovation loan rates?


Plunk Home Renovation Loan rates are set lower than traditional HELOC rates and are considerably lower than rates on credit cards, retail cards, and unsecured personal loans. Plus, they most often qualify for federal tax savings from the home interest deduction. This all adds up to savings and/or greater borrowing power.




Are home improvement loans tax-deductible?


Generally, you may be able to deduct interest paid on a home renovation loan; however, you should consult a tax advisor regarding all tax concerns.




What is Plunk's privacy policy?


For a copy of our Privacy Policy, please visit https://www.getplunk.com/privacy-policy




Is my personal information secure?


Keeping your data safe and private is our top priority. We use a range of security and encryption techniques to keep your data secure. For more details on our Privacy Policy, please visit https://www.getplunk.com/privacy-policy




Will applying for a home renovation loan impact my credit?


Once your loan application has been completed, our lender will process your submission which will result in a hard inquiry and may affect your credit score.




How long does it take to get approved for a loan?


Most applications can be completed in 5 minutes and will receive approval within 10-15 days. It's all digital—meaning no paperwork, no appraisal, and no hassle





FAQ

Remodel more,
pay less,
and fund fast

Finance the cost of your next project with greater borrowing power, lower interest rates, and no hassle

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 A.I. 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

 

And to:

OFFICE OF THE COMPTROLLER OF THE CURRENCY

CUSTOMER ASSISTANCE UNIT

1301 McKinney Street, Suite 3450

Houston, TX 77010-9050