A home improvement loan is an unsecured personal loan that can be made without providing collateral. You do not need your home title. This type of loan does not put your asset that is your house at risk. There is no mortgage or a reverse mortgage that can put your property at risk. The home improvement loans are paid back in installments or regular monthly payments. It depends on the size of the loan. Most of the loans are for a period of three to five years. The payment amount of the home improvement loan  remains the same throughout the life of the loan. The only condition is that the person repays the monthly amount without a default. The amount of loan that can be sanctioned depends on the credit history and ability to repay.