Most home improvement loans have terms between two and 12 years, though some lenders supply phrases longer than that. Many lenders let you select your time period size, which can give you some management over your month-to-month payment. It additionally rewards good payment conduct with its LevelUp program, which lets you earn a zero.5% rate of interest low cost for every 12 months of on-time payments you make (up to 1.5% total). SoFi, which was based in 2011 as a pupil mortgage refinancing firm, offers flexible home improvement loans with same-day funding for eligible applicants. Dawn Papandrea is a bank …