Minor Home Improvement Financing with a Personal Line of Credit


Fund Minor Home Improvements and more with a Personal Line of Credit[1]

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6.95–8.45 % APR[2]
OUR LOWEST FIXED RATES WITH DISCOUNTS

A Personal Line of Credit is just that: personalized to you. From minor kitchen upgrades to new windows, solar panels and more— we can help you finance them with a solution that fits your exact needs.

 


home improvement financing
  • cover home expenses
    Cover minor home improvements
  • refinance student loans
    Refinance your student loans
  • buy or refinance a car
    Buy or refinance a car
  • pay for medical or dental procedures
    Pay for medical or dental procedures
  • plans for your family's future
    Plan for your family's future
  • Finance solar panels
    Finance solar panels

First Republic’s Personal Line of Credit provides access to revolving credit during a two-year draw period, followed by a repayment period for the remainder of the loan term.

Use a Personal Line of Credit to cover minor home improvements and more.

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Low fixed rates

Find fixed-rate options as low as 6.95% APR with discounts so you can focus on your minor home improvements and more, without derailing your long-term financial goals.

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Fewer fees

Pay for your minor home improvements using a Personal Line of Credit with no origination or prepayment fees.

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Flexibility

Access a line of credit from $70,000 to $100,000 for new minor home improvements, like roof repairs, new appliances and more. The maximum credit limit is $350,000 when refinancing existing debt with a maximum of $100,000 available to draw at the time of origination.[3]

 

 

Note: Restricted uses of a First Republic Personal Line of Credit include (but are not limited to) buying real estate or making a down payment on a property purchase. Please connect with a First Republic banker to learn more.

Additional features of a Personal Line of Credit.

Interest-only payments

Pay interest only on what you draw for the first two years, and repay the full loan with term options that best suit your financial goals.

Access to revolving credit

Get convenient access to revolving credit for large purchases. Plus, any principal you repay will be available to draw on again during the first two years.

Refinance eligible debt

Work with your dedicated banker to refinance and combine your auto loans, student loans or medical debt and more into one convenient monthly payment. (This cannot be used to pay off credit card debt at origination or for speculative purposes – gambling, cryptocurrencies, wagering and more.)




There’s more you can do with a Personal Line of Credit.

Learn more about the features and benefits of our Personal Line of Credit and ways to use it beyond financing minor home improvements.


 

 

Note: By refinancing student loans, you may permanently be giving up tax and repayment benefits, including forbearance, deferment and forgiveness. Please consider this as you make a decision to refinance student loans, and talk to a banker if you have any questions. Currently, all payments for certain types of federal student loans are suspended potentially until June 30, 2023, per an executive order by the President. Interest will not accrue during this time period. For more information, please visit ed.gov.





There’s more you can do with a Personal Line of Credit

Learn more about the features and benefits of our Personal Line of Credit and ways to use it beyond financing minor home improvements.

 
 

Learn more about Personal Line Of credit

FAQs when financing
minor home improvements.

  • What is the difference between financing minor and major home improvements?
  • Can I use a Personal Line of Credit for major home renovation projects or real estate investments?
  • What is the difference between a personal line of credit and a HELOC?
  • My home improvement project is going to cost more than $100,000. What should I do?
  • Can I use a Personal Line of Credit beyond minor home improvements?
  • How are my loan payments structured?
  • What are the requirements to receive the lowest listed rates?
  • I have more questions about Personal Line of Credit and how to use it.

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