Kitchen cabinets help define the look and functionality of your cooking space. They contribute towards taking your kitchen to its full potential — as the place where you whip up yummy goodies or as an entertainment hub where your friends and family eat together. But, is your kitchen in need of a remodel? Are your cabinets in need of a replacement? And, are you thinking of the best kitchen cabinet financing options available?

If you’ve answered yes to the above questions, you’ve landed at the right spot. This guide explores several easy financing kitchen cabinets for you, including kitchen cabinets online financing. Keep in mind that the right kitchen cabinet financing can help you get the kitchen cabinets of your dreams. 

How much does it cost to replace kitchen cabinets?

Kitchen cabinets cost anywhere between $100 and $1,200 per linear foot. Most homeowners spend $4,000 to $13,000 for their cabinets. A 10×10 foot kitchen would run anywhere from $2,000 to $24,000.

Interestingly, you can expect to get a 65% to 80% return on your cabinet and kitchen remodel investment at the time of selling your home.

Your total kitchen cabinet replacement cost depends on a lot of factors, including the cabinet material, the level of customization, kitchen size, cabinetry design, cabinet finish, labor cost, and even where you live.  

For example, a stock cabinet would cost you $100 – $300, a semi-custom cabinet would cost $150 – $650 while a custom cabinet would cost you $500 – $1,200 per linear foot.

Read more: Kitchen remodel financing & loan options

Cost to replace kitchen cabinets by material

Whether you’re installing solid wood cabinets, engineered wood cabinets, or decorative veneer cabinets — the materials you choose for your cabinetry affect your total cost to a large extent. 

Keep in mind that kitchen cabinet material costs make up 25% to 50% of your kitchen remodeling project costs. Here’s a look at the price of cabinets according to the most popular material choices:

Cabinet Material Average Total Cost
Wood$5,000 – $25,000+
Wood Veneer$2,000 – $15,000+
Laminate$4,000 – $15,000
Acrylic$5,000 – $20,000
Stainless Steel$25,000 – $38,000

Is it cheaper to build or buy kitchen cabinets?

It’s not always cheaper to build your own cabinets in comparison with the readymade versions available commercially. However, when you want a specific, customized design, building your kitchen cabinets is cost-effective in the long run. You can choose the kind that matches the style of your kitchen — adding to its aesthetic value. 

Can you finance kitchen cabinets?

Yes. You can apply for a kitchen cabinet loan. Kitchen cabinet financing will cover your material cost as well as installation cost comfortably. Apart from using your credit card, you can get an unsecured personal loan. 

Personal loans may be the best option for financing home improvements such as kitchen cabinet replacement/installation. The loan application and approval process are quick and hassle-free.

However, whichever loan option you finally select, you must make sure that you’re able to afford the loan payments on time. Keep in mind that a default in paying back the loan will adversely affect your credit score and credit history.

Read more: Kitchen countertop financing

How to finance kitchen cabinets with no credit check?

Are you looking to finance kitchen cabinets?  The good news is that no matter what your credit score is, there’s always an option for you. There are various loan lenders who are willing to provide funds to bad-credit borrowers. There are also no-credit-check loans available. You can also opt for personal loans. Just know that for no credit check financing kitchen cabinets, you may have to pay a higher down payment. Moreover, bad-credit loans come with extremely high-interest rates and fees. 

What are the best options for kitchen cabinet financing? 

Financing for new cabinets is always a good idea. Unless, of course, you have some good savings with you to buy new kitchen cabinets.

Here are some of the best kitchen cabinet financing options for you. Each one of them is subject to credit approval, your credit score rating, credit report, and financial history. 

Kitchen cabinet financing with personal loans

You do not use your home equity or any collateral to secure a personal loan. Since it translates to a greater risk for the loan lender, the rate of debt is higher when compared to home equity loans. 

But the good news is that these loans are quicker to obtain — sometimes on the same day or even within a few hours of applying. In addition, you don’t end up losing your home if you fall behind on your scheduled payments.

On the downside, personal loans may considerably lower your credit score, and provide limited funding. But since kitchen cabinets do not cost a bomb, this is a good financial option.

Home equity loan 

A home equity loan is a fixed-rate loan that provides you a lump-sum amount for your kitchen remodeling. It comes with lower interest rates than a personal loan or credit card. Moreover, the loan amount can be used for any purpose. But, keep in mind that you need good equity on your home as you use your property as collateral. Most importantly, any payment default could lead to property foreclosure. Also, the loan comes with potential fees, closing costs, and prepayment penalties.

Financing with credit cards

Credit cards offer the easiest way to finance your cabinet remodel project. It’s best to use a credit card that charges 0% interest for a specific promotional time period. This helps hugely as you save money and can pay over time through multiple payments. Most credit card companies provide benefits of reward points and purchase protection.

On the downside, credit cards come with extremely high-interest rates and fees. Moreover, you need to keep in mind that the interest rates on credit cards are not tax-deductible.

Want to apply for kitchen cabinet financing 

Kukun’s easy loan options let you compare loan offers from reliable loan lenders — with no impact on your credit score. With the right loan, you can finance your entire home improvement project, up to $100,000. In some cases, you can receive funds in as little as one business day. 

So, go ahead and buy the kitchen cabinets you’d always wanted!

Easy Kitchen Cabinet Financing was last modified: July 29th, 2022 by Ramona Sinha
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