Legal analysis: renovation loans are found to be cashed out by banks and will go to jail. Decoration loans cannot be cashed out. When applying for a decoration loan, the applicant must sign an agreement, which stipulates that all the funds obtained from the decoration loan will be used for home decoration, and shall not be used for other purposes or cashed in by deception. If the above behavior is found, the bank has the right to require the applicant to repay all the loans in one lump sum, including the principal, handling fee and interest. , are also.

Legal basis: Article 175-1 of the Criminal Law of People's Republic of China (PRC): Crime of defrauding loans, bill acceptance and financial bills. Whoever defrauds a bank or other financial institution of loans, acceptance bills, letters of credit or guarantees, thus causing heavy losses to the bank or other financial institution or having other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; Whoever causes particularly heavy losses to banks or other financial institutions or has other particularly serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined.

If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.