The Selina Home Improvement Line of Credit is secured on your property so you can access rates much lower—and credit limits dramatically higher—than those offered with personal loans and credit cards.
Home improvement projects often go over budget - don’t get caught out scrambling for credit cards and personal loans when the unexpected hits.
You could get a higher credit limit and give yourself a buffer. You’ll only pay back what you spend, so give yourself peace of mind.
Unlike most secured lending, you’ll never incur an early repayment charge with a Selina Home Improvement HELOC.
Whilst most customers choose to payback over 5-30 years, if you’re expecting a windfall, a pension lump sum or an injection of cash, you can upgrade your home today and clear the balance whenever you’re ready, without paying extra.
It’s a type of loan, popular in the US, Canada and Australia and now new to the UK market, known as a HELOC (Home Equity Line of Credit).
Imagine a credit card or an overdraft but with a limit between £10k - £250k. That’s the Selina Home Improvement Line of Credit, the most flexible way to pay for the home you’ve been dreaming of.
We can give you a quote using only a soft search which doesn’t leave a footprint, or affect your credit score.
The Selina Home Improvement Line of Credit is secured on your property so you can access lower rates and higher credit limits than those offered with personal loans and credit cards.*
A loan that acts like a credit card - draw and repay as much you like over a 5 year period.
No early repayment charges and credit limits up to £250k.
A loan that gives you a single lump sum from day one.
If you need instant access to a fixed amount, it could be the best option.