Title: The Perfect Package For Homeowners Word Count: 351 Summary: A personal loan is a great way to finance improvements on your house. In essence, the loans are used to maintain and often even increase the value of your home. You can use the money for repairs, a new kitchen or bathroom or for an extension, conservatory or loft conversion. Generally, any action that can be considered to increase the value of your property in such a way that it increases the expected sales value of the home can be deemed to be making home improvements so, if... Keywords: home improvement, loans Article Body: A personal loan is a great way to finance improvements on your house. In essence, the loans are used to maintain and often even increase the value of your home. You can use the money for repairs, a new kitchen or bathroom or for an extension, conservatory or loft conversion. Generally, any action that can be considered to increase the value of your property in such a way that it increases the expected sales value of the home can be deemed to be making home improvements so, if you’re really ambitious, this could even mean adding a swimming pool or tennis court to your home. Unlike some other forms of borrowing used for home improvement purposes, a personal loan is different to home equity release or refinancing your mortgage and it is a form of borrowing which is very popular because of its unique advantages and flexibility in its structure. Depending on the amount you wish to borrow and over what repayment term, you can opt for the unsecured or secured route. The unsecured option is usually chosen for smaller amounts (up to £25k) repaid over a shorter period of time (10 years or less), so if your plans are more costly than that and/or you need longer to repay the loan, then the secured route or some other form of financing will probably apply. Personal loans are available from banks and private lenders and acquiring one is an easy task these days as you can apply online and can have the loan approved really quickly, especially if it’s an unsecured loan. The speed at which the loan application will be decided will, of course, differ depending on whether or not you opt for a secured or unsecured personal loan. Unsecured loans come with a higher interest rate than the secured option as there is more risk to the lender with but a reputable broker will be able to offer you advice and establish a quick and easy solution that’s tailored to your needs. So, for home improvement projects, a personal loan is the perfect package for homeowners.