Before you pay
- Make it safe first. Shut off water or power if needed, then get a professional diagnosis.
- Check coverage. Homeowners insurance may cover sudden damage, and a home warranty or manufacturer warranty may cover appliances.
- Get two quotes for any repair over a few hundred dollars, with parts and labor listed separately.
- Ask about timing. Separate what must be fixed now from what can wait.
Ways to pay for a home repair
- Savings or an emergency fund, if it won't leave you at zero.
- Contractor payment plans, if offered without deferred interest.
- A Loanify emergency loan for urgent fixes from $200 to $3,000, or a personal loan up to $5,000 for larger planned repairs.
- Utility or local assistance programs for heating or weatherization; dial 211 to find them.
Cost examples at 24.99% APR
| Repair cost | Term | Monthly | Total interest |
|---|---|---|---|
| $1,500 | 12 months | $142.56 | $210.71 |
| $2,500 | 12 months | $237.60 | $351.18 |
| $3,500 | 18 months | $235.15 | $732.78 |
Borrow for the quote, not for upgrades you hadn't planned. Repairs have a way of growing once work starts, so ask the contractor to confirm any added cost in writing first.Lending tip from the Loanify Editorial Team
If you rent
Most repairs to the building and to landlord-supplied appliances are the landlord's responsibility. Report the problem in writing and keep a copy before paying for anything yourself.
Frequently asked questions
Can I use a Loanify loan for a new roof?
Yes, if the cost fits within $200 to $5,000. Larger projects may be better suited to other financing.
Can the contractor be paid directly?
Loanify deposits funds to your bank account, and you pay the contractor yourself.
More guides
Loans for car repairs: a practical guide
Loans for medical bills: reduce first, then borrow
Moving expense loans: budgeting for a move
About the Loanify Editorial Team
Our guides are researched, written and fact-checked against federal lending rules, CFPB guidance and current loan terms. Every payment example is calculated with the standard amortization formula. Read our editorial policy.