Homeowners have this added advantage in taking a loan that they are in a lot better position in making a beneficial deal in terms of interest rate and other conditions. Secured home improvement loans are especially crafted for homeowners so that even if they are having bad credit, the loan is approved without a hitch. A homeowner can make all types of home improvement works through the loan including enlarging rooms or modernization of kitchen. Certainly secured home improvement loans go a long way in enhancement of your home value and equity in it.Secured home improvement loan is offered against home of the borrower. With security in place, lenders approve secured home improvement loan at lower interest rate which reduces the payment towards the loan installments and lowers the borrower’s burden. Another advantage of secured home improvement loan is larger repayment duration which again can make its installment payment easier as you can spread the loan into greater number of installments. You can repay secured home improvement loan in 5 to 30 years. Also secured home improvement loan providers offer £5000 to £75000 and even greater amount can be approved on the basis of good credit history and annual income of the borrower.Adverse credit problem usually are not an impediment in taking secured home improvement loan since property of bad credit borrower is with the lender as collateral. It implies that lender has remote risks as he can sell the property for recovering the loan. So make sure you pay off the loan installments regularly. Take a copy of your credit report and check it for errors before applying to a lender. Also ensure comparing different lenders for interest rate. Especially bad credit people should compare secured home improvement loan providers so that a lower interest rate is ensured. Bad credit people can improve their credit score also on paying off the loan installments regularly.