Decoration loan requires a house purchase contract. It needs to be elaborated and analyzed from the following three aspects.

First of all, decoration loans need to have a house purchase contract, which is a better way to improve the qualifications of lenders.

Secondly, the decoration loan requires the purchase contract to verify that there is real estate under the lender's name, so the loan will be released.

Moreover, the decoration loan provides the purchase contract, so that the loan approval progress will be fast and the loan amount will be high.

Matters needing attention in decoration loan:

1. Need a house purchase contract.

2. The longest term of decoration loan is generally 5 years.

3. The renovation loan amount is generally 20% of the property value.