A rescheduled loan is a loan that is altered to have a longer repayment term so that you can have lower monthly payments. Your repayment period is extended so that you don't default on your loan. This kind of loan is helpful for borrowers who have informed their lenders that they are unable to repay the loan in time or that they cannot afford their payments.
These can be used for all kinds of loans, including home improvement loans.
Home improvement loans may be difficult to get, but that's not to say they're impossible.
You just need to arm yourself with the right information and put your best foot forward. Hopefully, this article has given you a good starting point for understanding home improvement loans and preparing your application.