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Most home improvement loans have phrases between two and 12 years, though some lenders offer phrases longer than that. Many lenders let you select your term length, which can give you some management over your month-to-month payment. According to Investopedia’s 2023 Personal Loan Borrowers’ Survey, home improvement is the second most common purpose cited for seeking a private mortgage. Besides aggressive interest rates, we additionally like that borrowers with average credit scores are eligible and funding is fast. It also rewards good cost habits with its LevelUp program, which …