When we buy a house, if the funds are unevenly distributed and the decoration funds are not properly reserved, it will inevitably be short of money when decorating. If you don't want to lower the standard quality of decoration, people will inevitably choose loans at this time, although many people are not familiar with decoration loans, don't know whether the value of decoration loans is worth it, and don't know the way of decoration loans. Next, Jiazhuang.com will introduce the value and method of decoration loan for your reference.

First, is the decoration loan worth it?

1, lower the decoration standard: Although the problem of decoration budget can be solved, the quality after decoration may not be so satisfactory. It may lead to lower decoration quality, frequent home improvement problems and even family conflicts.

2. Borrowing money: As far as borrowing money is concerned, borrowing money from relatives and friends is a good choice, but if relatives and friends are not well-off or temporarily inconvenient, it is not a good choice. The most important problem is that if the matter of borrowing money is not handled properly, the relationship between relatives and friends will be alienated.

3. Decoration loan: First of all, you can borrow the money you need, which saves the trouble of human feelings compared with borrowing money from relatives and friends. At the same time, you can use the loan money to decorate, let the loan money flow and make your house better decorated.

Comparing the above three ways, the decoration loan is still worthwhile.

Second, what are the ways of decoration loans?

1. Mortgage loan for house decoration: applicants need to use the renovated house as collateral, and users need to provide ID cards, household registration books, real estate licenses and other documents. With the house as collateral, they can get decoration loans, up to 70% of the appraised house price.

Advantages: the interest rate is relatively low; Disadvantages: Some banks do not accept mortgaged houses as collateral to apply for mortgage loans.

2. Pure credit decoration loan: As the name implies, there is no need for mortgage and guarantee, only materials such as identity certificate, income certificate and address certificate are needed. This kind of loan is suitable for working people with stable income and good credit record.

Advantages: the optional quota is flexible, convenient and fast; Disadvantages: The interest rate is higher than the mortgage loan, which requires higher personal qualifications and the amount is relatively low.

3. Credit card installment payment: it is a new decoration loan model that has emerged in recent years. Many banks carry out related credit card business. Banks pay the decoration consumption funds to the merchants in one lump sum, and then let users repay them to the banks in installments. This kind of loan is mainly aimed at people who live in large and medium-sized cities, just bought a new house, are short of money for decoration and have a good credit record. The limit is generally 10 to 200,000.

Advantages: low entry threshold, no mortgage; Disadvantages: Limited decoration companies to choose from and low loan amount.

The decoration loan is briefly introduced here. Now many owners will use decoration loans when they are short of money. Although there are some benefits, it is worthwhile within the tolerance of the owners.