Home improvement loan lenders in Rhode Island
Fat Boy Data analyzed home improvement loan activity in Rhode Island to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 14,659 applications were decided by 136 lenders between 2023 and 2025.
Rhode Island at a glance
How Rhode Island compares
What the data shows
Citizens Bank, National Association made the most home improvement loans in Rhode Island, 2,307 of them.
That is 27% of every home improvement loan originated here, so this market is unusually concentrated in one lender.
Cranston Municipal Employees Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 36.
The typical home improvement loan here is $85K, 13% larger than the the United States typical of $75K.
Only 1 lender here typically writes at or below $35K: Shoreham Bank.
Each dot is one lender, placed at its approval rate. Hover for the sample size; the 5 largest lenders are named, the rest are behind the unlock.
Home improvement loan lenders in Rhode Island
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Citizens Bank, National Association | 60% | 2,382 / 3,982 | 97% | $105K | 2,307 |
| 2 | COASTAL1 Credit Union | 71% | 1,230 / 1,740 | 99% | $85K | 1,212 |
| 3 | Navigant Credit Union | 70% | 1,033 / 1,481 | 96% | $65K | 996 |
| 4 | Bank of America, National Association | 32% | 419 / 1,321 | 97% | $75K | 406 |
| 5 | The Washington Trust Company, of Westerly | 64% | 561 / 875 | 92% | $85K | 516 |
Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals borrowers accepted. Lenders with fewer than 20 decisions are marked as a limited sample and never used for a “highest approval” claim.How the numbers work.
Fat Boy found 131 more lenders.
One email unlocks every lender Fat Boy found.
You are seeing the 5 largest home improvement loan lenders in Rhode Island. Unlock the full market: every lender that decided one of these loans here, what they approved, how much borrowers took, and how close the nearest office is.
- Every lender in the market
- Approval rate and borrower take-up
- Typical loan size and range
- Nearest office and distance
- Branch count and application options
- How easy each lender is to reach
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