Home Depot Project Loan review: how does it work and is it good?

Get your home renovation project off the ground with Home Depot's special loan program. No late or prepayment fees! Read on and learn more!


Home Depot Project Loan:  borrow up to $55,000

Home Depot Project Loan logo
Home Depot Project Loan review. Source: The Mad Capitalist

Many homeowners find it difficult to cover the costs of renovations and turn to loans for help. If it sounds like you, read this Home Depot Project Loan review!

Home Depot Project Loan logo

Learn to apply easily for Home Depot Project Loan

Apply for the Home Depot Project Loan and take your renovations to the next level. Borrow up to $55,000 fast! Read on!

Discover how this loan works and decide if it is right for you and your home renovation project. Stay tuned!

  • APR: 7.24% to 19.96%;
  • Loan Purpose:  Purchase at Home Depot;
  • Loan Amounts: $2,500 to $55,000;
  • Credit Needed: At least 600;
  • Origination Fee: N/A;
  • Late Fee:  N/A;
  • Early Payoff Penalty:  None.

What is Home Depot Project Loan? 

The Home Depot Project Loan operates as a preloaded credit card, which can only be used to purchase at Home Depot stores and on their website.

Thus, it offers qualified borrowers a maximum loan of $55,000, with no annual fees and a six-month buying window to complete their renovations.

Borrowers have 84 months to repay the loan, with fixed monthly payments. This loan offers flexibility when tackling multiple home improvement projects.

So, it can be particularly useful for homeowners who wish to phase out their renovations over time or coordinate multiple aspects of a large-scale update.

Moreover, there is no penalty for early repayment of the loan.

Is Home Depot Project Loan good?

Extremely happy young black woman holding money in both hands
Compare the pros and cons of this lender! Source: Adobe Stock

Before you consider Home Depot’s Project Loan, it is important to weigh the advantages and disadvantages of this option carefully!


  • Co-applicants are accepted;
  • Accepts fair credit score;
  • No annual fees;
  • Loans from $2,500 to $50,000.


  • Exclusive for Home Depot purchases;
  • Low flexibility;
  • 6-month spending policy.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Does Home Depot Project Loan check credit scores?

Indeed, the company checks credit scores and requires a minimum of 600 to apply for the Home Depot Project Loan!

Want to apply for Home Depot Project Loan? We will help you!

Home Depot offers a Project Loan to finance home renovations, but the fees are higher than other lenders.

By reading our post below, you’ll get all the information necessary about this loan application process and decide whether or not it is right for you.

Home Depot Project Loan logo

Learn to apply easily for Home Depot Project Loan

Apply for the Home Depot Project Loan and take your renovations to the next level. Borrow up to $55,000 fast! Read on!

About the author  /  Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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