Window Replacement Financing

Can you get financing for windows?

Yes, there is a wide range of financing options available that are suitable for financing a window replacement. We’ll guide you through all your options below so you can make the best decision for you and your home.

Compare best loans for window replacement

Best Egg

Best Egg

✔ Funding: Borrow $2,000 - $50,000
✔ Minimum Credit Score: 640
✔ APR: 5.99 - 29.99%
✔ Loan term: 3 - 5 years
✔ Funding turnaround: 1 - 3 business days

With Best Egg personal loans, borrowers with fair to good credit can get funding for 3-5 years and have the option to use the loan for a variety of purposes.

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Upgrade

Upgrade

✔ Funding: Borrow $1,000 - $50,000
✔ Minimum Credit Score: 660
✔ APR: 5.94% to 35.97%
✔ Loan term: 2 - 7 years
✔ Funding turnaround: as soon as next business day

Upgrade offers borrowers with fair credit scores to obtain loans up to $50k. Joint applications are allowed. Origination fees may apply.

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Discover

Discover

✔ Funding: Borrow $2,500 - $35,000
✔ Minimum Credit Score: 660
✔ APR: 5.99% - 24.99%
✔ Loan term: 3 - 7 years
✔ Funding turnaround: within 24 hours

With Discover personal loans, borrowers can apply up to $35K in funding as fast as next business day. Best for those who want to consolidate debt and have a good credit score.

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Prosper

Prosper

✔ Funding: Borrow $2,000 - $40,000
✔ Minimum Credit Score: 600
✔ APR: 7.95 - 35.99%
✔ Loan term: 3 - 5 years
✔ Funding turnaround: within 1 and 3 business days

With Prosper personal loans, borrowers can get funding within 1-3 business days. Best for individuals with credit scores between 630-719. No early prepayment penalties. Home equity loans available.

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Will new windows increase my home’s value?

First of all, new windows will increase the energy efficiency of your home making it cheaper to run and more attractive to potential buyers who won’t need to replace the windows themselves.

Secondly, according to Remodeling Magazine, new windows add around 70% of their cost to the value of your house. So if the new windows come in at $18,000 you will add about $12,600 to the value of your house.

How much should you pay for new windows?

Windows vary widely in price depending on materials, size, style, and your choice of contractor. HomeAdvisor reports that you can expect to pay between $300 and $2,100 for each window with the average cost being $850. Some $100-$300 of that figure is labor. So if your home has 12 windows you are looking at around $10,200 for the set.

What is the best way to finance new windows?

There are six ways commonly used to finance replacement windows:

• Savings: If you can find the cash, then use it. Borrowing money is always going to cost you money and taking on debt is rarely all good. So if you have savings or investments you can liquidate, perhaps replacing your windows is a good use of your dollars.
• Credit card: If you have a good credit score and can qualify for a 0% credit card, then that might be a way to finance at least part of the cost. Don’t forget that 0% interest is only for an introductory period and any outstanding amount at the end of that will attract the normal APR. So if you can’t pay off the whole amount within the time limit, you might be better off looking elsewhere for your finance.
• Personal loan: Taking out a personal loan is a popular way of raising money for a window replacement. The loan provider gives you a sum of money which you repay monthly, plus interest, over the term of the loan – usually 2-5 years but sometimes more. A personal loan, provided your credit record is a good one, is very flexible and often carries a low interest rate.
• HELOC: A home equity line of credit works a lot like a credit card with the finance company giving you a line of credit that you draw from as needed. Though the credit limit can be generous and the interest rate low, if you have difficulty making the repayments you could find your credit score adversely affected and may risk losing your house.
• Home equity loan: A home equity loan allows you to draw money using the equity you have in your property as collateral. As with a HELOC, interest rates are usually low but your home is on the line if you can’t make the repayments on time.
• Mortgage refinance: (Also sometimes called cash-out refinance.) Although remortgaging is often done to get a better rate it is also often used to provide the money for window replacement and other home improvements.

What are the best window financing lenders?

Which finance company is the best fit for you depends on your individual situation but you should include the following in your search:

• Best Egg lend up to $35,000 for 2-5 year terms
• PenFed can provide loans and HELOC for up to $50,000 and 1-5 years
• Upgrade lend up to $$50,000 for 3 to 5 years
• DISCOVER offers loans of up to $35,000 with terms of 3-7 years
• Prosper offers amount up to $40,000 for 3 or 5 years
• Marcus lends amounts up to $40,000 for between 3 and 6 years