Generally speaking, the specific amount is negotiated with the lending institution, depending on the type of decoration loan. Generally, the down payment of decoration loan is 20%, which will be delivered within one week. This also depends on the company system and the result of negotiation between the owner and the company. But it's usually 20% in advance. Continue to hand in a job after you finish it, and of course remember to leave the warranty money.

Process of handling house decoration loan

First, prepare proof materials. According to the requirements of the bank, prepare ID card, residence certificate, work certificate, use certificate and other supporting materials.

Second, apply. Bring all kinds of proof materials, fill out the loan application form in the bank business hall, and fill out the loan application online if possible.

Third, the investigation and approval before bank lending. After filling out the loan application, the bank will generally review the relevant information of the lender and guarantor. If the loan conditions are met, the bank will inform the lender to go to the bank again to fill out various loan forms.

Fourth, notify the lender to sign the contract. Including guarantee contracts, mortgage contracts, etc. , and handle the relevant mortgage registration procedures. Skip this step when you don't need to sign a contract.

Fifth, banks issue loans to lenders.

Sixth, the lender repays the bank on schedule.

How long does it take to apply for a decoration loan?

This process generally takes about 10 days. The shortest loan period is half a year, and the longest is not more than 5 years (including 5 years).

Application conditions of bank decoration loan

1. Have local permanent residence and legal and valid identification;

2. Have a proper occupation and stable income, and have the ability to repay the principal and interest of the loan at maturity.

3. The borrower can provide relevant asset certificates, bank statements, tax bill certificates, etc.

4. For newly purchased houses, materials such as house sales contracts and purchase invoices shall be provided (or materials such as house ownership certificates shall be provided if the original houses are renovated again);