What are the best personal loans for landscaping projects? It is without a doubt that starting a landscaping project can change your outdoor living space, not only increasing your home’s curb appeal but also strengthening its value.
Whether you’re dreaming of a bright flower bed, an outdoor kitchen, or a tranquil garden, the feeling of euphoria of planning can sometimes be demoralized when we realize the cost of the project. Fortunately, thanks to the flexible financing options that personal loans offer, homeowners can bring their dreams to life without worrying about financial strain.
What is a Landscaping Loan?
A landscaping loan is a type of unsecured personal loan distinctively used to finance outdoor projects like the installation of patios or decks, gardening, and other changes to a property’s outdoor space.
Besides, landscaping loans do not require collateral, such as your home or car, unlike secured loans. This means the lender does not have a direct claim on your property if you default or are unable to pay back the loan. On the other hand, interest rates and terms for these loans can vary widely based on the borrower’s creditworthiness and other factors.
8 Best Personal Loans for Landscaping Projects
If you are considering a landscaping loan for a project but do not know where to find such a loan, do not worry. This section has some of the best platforms where you can borrow a personal loan for any landscaping project. They include:
- SoFi
- Upgrade
- LendingPoint
- Avant
- Discover
- Upstart
- LightStream
- Universal Credit
1. SoFi
SoFi, also known as Social Finance, is a reputable lender offering personal loans tailored for landscaping projects, particularly suitable for borrowers with good to excellent credit scores. It is quite popular for its competitive interest rates and no-fee policy.
SoFi also attracts attention for additional perks like flexible payment options and unemployment protection. Additionally, SOFi loans are suitable for larger landscaping projects because of its high loan limits and the option for long repayment terms.
2. Upgrade
Upgrade is well-known for its fixed interest rates, debt consolidation loans, and rational interest rates. Apart from this, it is a fintech company that offers personal loans with a quick funding process and a simple application process. Borrowers with various credit score statuses can access their loans conveniently.
3. LendingPoint
LendingPoint targets borrowers with fair to good credit scores, offering personal loans with a quick approval process. It is known for its flexibility in loan terms and fast disbursement of funds, which can be particularly beneficial for immediate landscaping needs. LendingPoint also offers the ability to customize payment dates and terms, accommodating borrowers’ financial situations.
4. Avant
Avant is tailored towards individuals with lower credit scores who might find it challenging to secure a loan through traditional banks. It provides access to personal loans with a simple application process and quick funding times. While the APRs can be higher due to the increased risk, Avant offers an opportunity for those with less-than-perfect credit to finance their landscaping projects.
5. Discover
Discover, widely recognized for its credit card services, also offers personal loans with no origination fees and competitive interest rates. It provides an efficient online application process and flexible repayment terms. Discover’s personal loans are a good fit for borrowers looking for a combination of a well-established financial institution and the convenience of online banking.
6. Upstart
Upstart utilizes artificial intelligence to evaluate loan applications, considering factors beyond just credit scores, such as education and job history. This makes Upstart an attractive option for young borrowers or those with a thin credit file. It offers quick funding and a wide range of loan amounts, accommodating various landscaping project sizes.
7. LightStream
LightStream, the online lending division of Truist Bank, is known for its low interest rates and no fees, making it an excellent choice for borrowers with good to excellent credit. It stands out with its Rate Beat program and loan experience guarantee, catering to a wide array of financing needs, including landscaping projects, with high loan limits and long repayment terms.
8. Universal Credit
Universal Credit provides personal loans primarily to borrowers with fair credit, offering features like fast funding and the potential for credit-building. While its loans can come with higher APRs, they include direct payment to creditors for debt consolidation loans and a suite of online tools for financial education. Universal Credit’s loan product is designed for those looking to improve their credit scores while financing projects like landscaping.
Tips for Comparing
A lot of people planning landscaping projects tend to ask this question a lot, and without a doubt, it is important to take note of these things. Thus, when shopping for a personal loan for a landscaping project, here are the factors to look out for:
- Repayment terms
- Interest rate
- Customer reviews
- Funding time
- Monthly payments
- Additional perks
- Fees
- Flexibility
- Loan amount
The process of comparing landscape project loans requires delicate consideration, which includes the offers of every lender and your financial consideration. This is why it is important to carefully carry out your research and seek a loan that meets your financial needs.
