On average, these loans range from $1,000 to $20,000 with repayment terms of up to 10 years. The APR averages around 6.99% to 35.99%, depending on the amount borrowed, lender, and credit history.
For instance, if you borrow $6,000 to upgrade your bathroom fixtures and flooring at an APR of 10% for five years, your total repayment amount would be $7,649.33, with a monthly payment of approximately $127.49.
Bathroom renovation financing can help you cover several types of renovation projects. These include:
The cost of a bathroom remodel can vary based on location, scope, and materials used. Bathroom remodel costs typically range from $2,500 to $20,000, with the national average cost ranging around $12,000. The total cost of a bathroom remodel typically also includes the cost of labor, materials, and permits.
Knowing the costs of bathroom remodel components helps you budget more effectively. These costs refer to the standalone prices of individual materials and fixtures that you will need to upgrade or replace in your bathroom without considering the labor or installation process.
| Component | Cost Range |
| Single Hole | $250 to $900 |
| Center Set | $275 to $700 |
| Vessel Filler | $300 to $900 |
| Widespread | $300 to $1,400 |
| Touchless | $350 to $1,300 |
| Mini-Spread | $375 to $1,200 |
| Component | Cost Range |
| Drop-In | $200 to $600 |
| Vessel | $200 to $3,000 |
| Undermount | $250 to $2,000 |
| Pedestal | $350 to $1,000 |
| Wall-Mount | $350 to $1,500 |
| Console | $300 to $1,800 |
| Component | Cost Range |
| Low-Flow Toilets | $125 to $640 |
| Two-Piece Toilets | $165 to $425 |
| One-Piece Toilets | $300 to $600 |
| Wall-Hung Toilets | $350 to $600 |
| Double-Cyclone Flush | $400 to $600 |
| Smart Toilets | $1,000 to $2,000 |
| Component | Cost Range |
| New Light Fixtures | $200 to $1,000 |
| Replacing an Exhaust Fan | $180 to $600 |
| Installing a New Exhaust Fan | $1,000+ |
| Component | Cost Range |
| Prefabricated Cabinets | $200 to $500 per unit |
| Custom Cabinets | $400 to $4,000 |
| Component | Cost Range |
| Bathroom Door Replacement | $300 to $1,400 |
| Bathroom Window Replacement | $300 to $1,200 |
Installation costs cover the expenses related to the labor and services needed to install the materials and fixtures in your bathroom in addition to the cost of materials where applicable.
| Component | Cost Range |
| Ceramic | $2 to $20 per sq. ft. |
| Porcelain | $4 to $30 per sq. ft. |
| Laminate | $9 to $30 per sq. ft. |
| Corian (Solid Surface) | $20 to $70 per sq. ft. |
| Granite Slab | $20 to $140 per sq. ft. |
| Marble | $30 to $200 per sq. ft. |
| Quartz | $50 to $175 per sq. ft. |
| Soapstone | $55 to $150 per sq. ft. |
| Concrete | $60 to $140 per sq. ft. |
| Component | Cost Range |
| Ceramic Tile | $1 to $12 per sq. ft. |
| Limestone Tile | $3 to $10 per sq. ft. |
| Porcelain Wood Tile | $3 to $16 per sq. ft. |
| Travertine Tile | $4 to $30 per sq. ft. |
| Granite Tile | $5 to $15 per sq. ft. |
| Slate Tile | $6 to $18 per sq. ft. |
| Marble Tile | $10 to $25 per sq. ft. |
| Laminate Flooring | $1 to $12 per sq. ft. |
| Vinyl Flooring | $2 to $17 per sq. ft. |
| Polished Concrete | $3 to $8 per sq. ft. |
| Bamboo Flooring | $3 to $11 per sq. ft. |
| Hardwood Flooring | $6 to $25 per sq. ft. |
| Radiant Flooring | $12 to $65 per sq. ft. |
| Component | Cost Range |
| Premade Shower Kit | $500 to $1,500 |
| Tub-and-Shower Combo | $700 to $8,000 |
| Tub-to-Shower Conversion | $1,100 to $7,000 |
| Walk-In Shower | $8,500 to $20,000 |
| Wet Room Conversion | $10,000 to $20,000 |
| All-purpose Tub | $300 to $1,200 |
| Clawfoot/Freestanding Tub | $700 to $11,000 |
| Soaking Tub | $800 to $11,000 |
| Hot Tub | $1,300 to $14,000 |
| Whirlpool Tub | $1,600 to $16,000 |
| Walk-In Tub | $1,800 to $12,000 |
| Japanese-Style Tub | $2,500 to $15,000 |
| Adding a New Window | $3,000 to $6,000 |
Whether you’re upgrading your bathroom for a fresh look or addressing functional issues, a loan can help cover the costs. For instance, most people use a bathroom renovation loan to address these common problems:
Renovating your bathroom can be an exciting project. However, make sure you plan carefully so everything goes smoothly. Here are some key factors to consider before starting your bathroom remodel:
Make sure you have set a clear budget to avoid overspending. A budget also helps with any unexpected expenses. Break down costs for materials, labor, and any additional features you want to include. As a pro tip, consider estimating 10 to 20% higher to cover unforeseen costs.
Incorporate energy-efficient fixtures and appliances as they can significantly reduce long-term costs. Consider options like low-flow toilets, LED lighting, and energy-efficient water heaters. In addition to saving money on utility bills, this practice can also contribute to environmental sustainability.
Think about how you use your bathroom space and what improvements you can make to improve functionality. For instance, you can consider space-saving fixtures and smart storage solutions to maximize your bathroom’s usability.
Your bathroom should reflect your personal style while complementing the overall design of your home. Choose materials, colors, and fixtures that create the look that you want. Also, don’t forget to add personal touches to make the space uniquely yours.
If you plan to stay in your home for a long time, consider future needs for accessibility and safety. Features like grab bars, non-slip flooring, and walk-in showers can make the bathroom safer for everyone, including those with mobility issues.
The biggest advantage of bathroom remodeling financing is that you can upgrade your bathroom without having to pay the full cost upfront. Here are some additional benefits of taking out a bathroom remodel loan:
Financing a bathroom remodel doesn’t have to be costly or require upfront payment. Renovate.com partners with a large lender network, offering competitive interest rates, loan amounts, terms, and promotions.
This means more bathroom remodel financing options for you to explore, ultimately helping you find a bathroom loan that fits your budget and project needs.
Renovate.com aims to connect homeowners with contractors that offer bathroom remodel services and direct financing options. As such, we have a large network of reputable contractors to increase your chances of receiving financing.
Our partnered contractors are full-service providers that offer top-tier services and flexible financing solutions.
Your credit score doesn’t have to stop you from exploring bathroom financing. We have a large lender network, which increases your chances of loan approval for homeowners with subprime credit.
Submitting a bathroom finance request has never been easier. You can get started completely online on our website by simply filling out a bit of personal, financial, and project information.
Getting pre-qualified for a bathroom remodel loan is also hassle-free. Based on the information you provide, you may receive an on-screen pre-qualification offer in minutes.
The cost of bathroom remodeling can be influenced by various factors. Some of the most common ones include:
Credit score requirements vary from one lender to another. However, if you have a bad credit score and are worried that you may not receive financing, some lenders may still be willing to work with you. This is because some loan providers also consider other factors than your credit score, such as income and financial stability.
However, keep in mind that the interest rates can be higher for those with bad credit.
Renovate.com connects you with local contractors offering financing options. Simply submit your information on our website, and we’ll try to connect you with reputable professionals in your area who can help complete your bathroom remodel with affordable financing options.
There are different kinds of loans that can be used for bathroom renovation. These include:
Monthly payments depend on the loan amount, interest rate, and repayment term. Let’s take for example the average loan amount which is $12,000. For an average $12,000 loan at a 12% APR repaid over three years, the average monthly payment will be $398.88.
