When it comes to decoration loans, everyone has a different understanding of it. Some people want to decorate their homes in a high-grade way, so they will choose a decoration loan. However, some people want to decorate their homes with loans because they lack funds and want simple decoration. But we know that second-hand housing decoration loans can be applied, but many people don't know. So Bian Xiao will tell you how much you can borrow for the renovation of second-hand houses. What should I pay attention to when handling decoration loans?

How much can a second-hand house decoration loan borrow?

In principle, the single loan amount of personal housing renovation loan issued by the bank shall not exceed 654.38 yuan +0.5 million yuan, and shall not exceed 50% of the total cost of renovation project. But the loan channels you choose are different, and the amount you can apply for is different.

What should I pay attention to when handling decoration loans?

1. Personal housing renovation loan is a loan issued by the bank to the borrower for the renovation of its own housing. The house decoration mentioned here refers to the engineering activities of transforming and processing houses by using decorative materials. In other words, the property must be your own.

2. The special requirement in the house decoration loan is that there is a house renovation contract, decoration budget and related materials signed with the decoration enterprise approved by the relevant departments. Some banks also require owners to have no less than 30% of the total decoration budget, and then use the loan after investing in the project construction.

According to the regulations of the bank, personal consumption loans are generally not allowed to withdraw cash. The bank will transfer the money to the account of the decoration company.