1. The bank loan officer will call the borrower;

2. The loan will be deducted;

3. The collateral will be auctioned, and if there is a guarantor, the guarantor will also bear joint and several liability;

4. Personal credit records will leave a "stain", which will have an impact on future loan or credit card applications.

Extended data:

What should I do if the decoration loan is not repaid?

If you can't repay the loan on time due to various reasons after applying for the decoration loan, you can ask the bank to postpone the repayment first. Some of your repayment records have been very good, and delaying repayment will not have much impact.

Borrowers with insufficient repayment ability can borrow from other institutions when the loan is about to expire. If the amount is not large, they can apply for unsecured loans. If the amount is large, they can ask for a guaranteed salary to help you pay off the balance.

How to get a house decoration loan:

There are two ways to apply for a house decoration loan:

Provident fund housing loan. The borrower brings his identity information and provident fund account information to the local individual housing provident fund center to apply for provident fund housing loans, and the loan amount is determined according to the balance of the borrower's provident fund account.

Bank housing loan. Borrowers bring relevant information, go to the bank to apply for housing loans, fill out the application form, and the bank will have special credit personnel for approval. After the approval, the bank will notify the borrower to handle the face-to-face signing and sign the loan contract.

Application steps of house decoration loan

1. Users go to the bank to apply for a loan, fill in the application form, submit relevant materials and handle the loan guarantee process;

2. The bank signs a loan contract after investigating and reviewing relevant materials;

3. Handle the loan process, transfer the loan to the borrower's personal account, and the borrower can use the loan property;

4. The borrower can repay the loan at the bank service desk, or leave enough repayment amount on the bank card to authorize the lending bank to repay the loan on its behalf;

5. After the loan is paid off, the bank shall terminate the debt relationship with the borrower and go through the relevant formalities.

Do you need two couples to apply for a decoration loan together?

If the user is married, then the decoration loan needs to be handled by both husband and wife. Because the property is the same property after marriage, relying on the property to apply for a decoration loan requires the signature of both husband and wife. The user's property is pre-marital property, and both husband and wife do not need to apply for decoration loans. The real estate belongs to the user's personal property in essence, so it is ok to apply for a decoration loan.

It can be seen that whether the decoration loan needs to be jointly applied by husband and wife mainly depends on the ownership of the property. Belong to both husband and wife, decoration loans need to be applied by both husband and wife. If one party is unable to attend, it may be authorized to sign on behalf of the other party. The property belongs to an individual, and applying for a decoration loan is actually applying for a personal loan, without the signature of both husband and wife.

If the decoration loan is applied by both husband and wife at the same time, both parties need to bear the repayment obligation. When applying, it is necessary to distinguish between the main lender and the sub-lender. If the primary lender fails to repay on time, the secondary lender needs to repay as soon as possible.