You can choose personal unsecured loans promoted by banks. The loan procedure is relatively simple. You can apply for a loan only by presenting proof of personal income. Wuhan renovation loans are more affordable banks as follows. Bank of China: As one of the four major banks, the interest rate of Bank of China is still relatively low. Under normal circumstances, the loan term is one year, and the interest is calculated at the interest rate agreed in the contract. If the interest rate remains unchanged and the term is more than one year, the interest rate shall be adjusted according to the provisions of the People's Bank of China on interest rate adjustment. The renovation loan interest rate starts from 4.35%.

1. China Construction Bank: The monthly interest rate of renovation loan is between 0.27% and 0.37%, and it is an unsecured pure credit loan.

2. Industrial and Commercial Bank of China: You can apply for a provident fund reform loan with an annual interest rate of 3.25%. You can apply for a decoration loan in the name of the mortgaged house, which is non-credit, and the amount is about 15% of the property value, with an annualized interest rate of 2.7%.