The phrase "loan for home improvements" refers to a loan that is specifically intended to be used towards making improvements or renovations on one's residential property. This type of loan can be used to finance various projects such as adding an extension, remodeling the kitchen or bathroom, installing new windows or doors, repairing roof damage, or updating the electrical and plumbing systems. The loan is typically offered by financial institutions like banks or credit unions, and is repaid over a specified period of time with interest.