1. Can’t I apply for a renovation loan if I have a real estate certificate?

There is no way to apply for a renovation loan unless you have a real estate certificate. There is a strict procedure for applying for a renovation loan. First, the applicant must apply to the lending bank, and then the bank will review the applicant's loan qualifications.

Check whether the lender has a purchase contract, whether the taxes have been paid, whether the property is the owner's full property rights, whether there is an outstanding mortgage, whether there are debts, etc. If the review is passed, the loan procedures can be processed according to the bank loan requirements, otherwise it will not be possible.

2. Hello, I would like to ask, I applied for a decoration loan. When disbursing the money, whose account will the money be transferred to? The lender or the decoration company?

In the loan process Businesses related to renovation loans include: real estate mortgage consumer loans and unsecured credit loans. Seeing as your question didn't mention that the loan requires a house mortgage, then you may have done it through a decoration company. It depends on whether you are familiar with the decoration company and whether they believe you or not. If you don't negotiate, you can still rely on your own direct operation. Banks generally don't like to make loans for small renovations like this.

3. Is the interest rate on Lifangtong’s decoration loan high? Should you pay the decoration money to the decoration company or borrow money...

If there is a China Merchants Bank in your city, you can also try to apply for decoration through China Merchants Bank. Loans and loan interest rates need to be comprehensively priced based on the type of business you are applying for, credit status, guarantee method and other factors, and can only be determined after approval by the branch.

If you want to know the loan base interest rate information, please open the following website (/CmbWebPubInfo/CDRate.aspx?chnl=cdrate) to find out.

4. Should the decoration loan be given to the decoration company or the applicant?

Since it is a decoration payment, you must call the decoration company, otherwise the bank will not lend you the loan. In order to ensure that your payment is for decoration, the bank will look at the contract between you and the decoration company, and the decoration company and the borrower will have to go to the bank to sign the relevant contract, and the bank will transfer the payment to the decoration company for finalization as agreed. on the bank account.