How to apply for a renovation loan?

It should be similar to a house loan. You must first determine the decoration budget with the decoration company. At the same time, you must contact the bank and bring your household registration book, ID card and income certificate. If the bank agrees to lend, then you must go to the bank with the decoration contract to sign a loan contract and loan mortgage. formalities. The details vary from bank to bank, so you still have to ask the bank for clarification. Generally, banks may not lend you a small renovation loan. After buying a house, it’s natural to think about decoration. However, most families spend a lot of savings when buying a house, and it is more difficult to spend money for decoration. At this time, you can actually consider applying for a renovation loan. So, what methods can be used to obtain a renovation loan?

1. House mortgage. If the borrower has a mortgage on the house, the house can be used as collateral to apply for a renovation loan. The advantage of using real estate mortgage to apply for a renovation loan is that the interest rate is not high and the amount is relatively high. The disadvantage is that there must be real estate as collateral, and there are many review steps to apply, which takes a relatively long time.

2. Personal credit loan. If the borrower has a stable and legal source of income, he or she can apply for a personal credit loan and use the credit line for decoration. Personal credit loans are approved faster, but the amount is generally not very high.

3. Credit card installment. If your decoration company cooperates with a bank and you are using this bank's credit card, you can use the credit card installment to obtain a decoration loan. The advantage of credit card installment is that it is convenient and fast, and the approval process is simple. However, if you want to use a credit card for installment, you must have cooperation between the decoration company and the bank. Decoration loan:

Also known as home improvement loan, it refers to a personal credit loan launched by a bank or consumer finance company for the purpose of home decoration, that is, an unsecured credit loan.

Loan amount:

In principle, the single loan amount of personal housing decoration loans issued by banks shall not exceed RMB 150,000, and shall not exceed 50% of the total cost of the decoration project.

How to apply:

1. Apply for a personal credit loan for decoration;

2. Personal consumption loan: use real estate as collateral to apply for a consumer loan; 3. . Credit card home improvement installment: apply for credit card cash installment, select the home improvement and building materials category; 4. Internet finance application: apply for a loan from a financial company.

The above content is for reference only, I hope it can help you. Thank you for your support of Shangban.com and wish you a happy home purchase! How to apply for a renovation loan

When you buy a house, you are really happy and excited, but if you find that you don’t have enough money when you are about to renovate it, then you know how to renovate it. Is that good? Here is how to apply for a renovation loan that I have compiled for you. I hope it can help you.

How to apply for a renovation loan

1. Apply for a personal credit loan for renovation;

2. Personal consumption loan: use real estate as collateral to apply for a consumer loan;

3. Credit card home improvement installment: apply for credit card cash installment, select the home improvement and building materials category;

4. Internet finance application: apply for a loan from a financial company.

How to apply for a CCB home decoration loan

1. Anju installment business

Refers to the cardholder’s application to use his or her credit card at CCB’s designated Anju merchants, including: decoration , building materials, furniture, home furnishings, home appliances, weddings, education and training, tourism, department stores, etc., after approval by CCB, the cardholder will pay for housing through special installment POS machines at CCB designated merchants, and the corresponding transaction amount will be divided into several equal installments , a business in which the cardholder makes monthly repayments within an agreed period and pays a certain handling fee.

2. Two modes of housing installments

① You can choose a decoration company that cooperates with China Construction Bank to contract the work and materials, and pay the decoration company in one lump sum.

② You can also choose multiple merchants such as ceramic tiles, tablecloths, cabinets, furniture, home appliances, etc. that cooperate with CCB at the same time to purchase materials and decorate them yourself.

3. Number of periods, quota, usage, and handling fees

① Number of periods: 6, 12, 18, 24, 36, each period is one month.

② Quota and use: The application quota is more than 20,000 yuan and less than 1 million yuan. The validity period of the quota is 6 months from the date of disbursement; the card can be swiped multiple times at different merchants, but the amount of each swipe is limited No less than 1,000 yuan.

③ Handling fee: The total handling fee is 2% for 6 months, 4.5% for 1 year, 6% for 18 months, 8% for 2 years, and 12% for 3 years. The merchant will bear a high handling fee. is less than 1%, and the remaining handling fees are borne by the customer.

4. Business Features

① Special quota - exclusive installment quota, which does not affect the use of the customer's fixed credit card limit.

② Flexible use - multiple designated cooperative merchants can use it flexibly. Compared with the entrusted payment method of personal loans, the scope of customer consumption is wider.

③ Simple procedures - exclusive one-stop channel processing, customer application procedures are simple and fast.

5. Information required for customer application

① "Application Form for Longka Credit Card Anju Installment Business";

② Proof of identity;

③ Photocopy of both sides of China Construction Bank credit card;

④ Proof of financial resources;

⑤ Proof of real estate;

⑥ "Use of Longka Credit Card Anju Installment Payment Business Limit" Letter of Commitment";

⑦ "Longka Credit Card Anju Installment Business Interview Questionnaire".

Note: Applicants who need to renovate their houses must be the owner himself and the owner’s spouse, parents, children, etc.

6. Loan and use

① From the time CCB receives the customer’s complete application information to the time the credit is credited, you can pay by credit card. It will take about 10 working days for customers with a card and for customers without a card. It takes about 15 working days.

② During the approval process, CCB staff need to contact the applicant to verify the application-related information. Applicants are requested to keep their contact phone open after submitting the application to avoid affecting the timeliness of the approval.

③ After approval, CCB will notify the cardholder via text message or phone call that the credit limit has been received. Cardholders take CCB credit cards to cooperative merchants and use CCB's dedicated POS machines to pay with their cards. The special quota can be used in installments according to the progress of the renovation project, but the amount of each card swipe cannot be less than 1,000 yuan. At the same time, please pay attention to check the number of installments and handling fees listed on the POS receipt after swiping the card.

7. Handling fee collection and repayment

① Anju installment payment business "0" interest, "0" down payment, handling fee will be collected in one lump sum when the first installment is repaid, the amount No handling fee will be paid if you don’t use it after receiving the account.

② For example: On the 16th, a customer swiped a card worth 100,000 yuan for a one-year settlement installment, with a handling fee of 3.5%. The billing date is the 17th of each month, and the due repayment date is the 7th of the following month. The total amount required for the first repayment = 100,000 yuan * 3.5% + 100,000 yuan / 12 = 3500 + 8334 = 11,834 yuan, and each repayment in the next 11 months will be 8,334 yuan.

The required process for personal housing commercial loans

1 First of all, everyone must go to the bank for consultation to see if they meet the loan conditions and what information is needed to apply for the loan.

2. Sign a house purchase contract with the developer and pay the down payment.

3 Fill out the loan application form and submit other materials required by the bank. Usually the developer will cooperate with the relevant bank, and the bank will appoint a lawyer to handle the matter on site, so you only need to submit relevant information at the developer's office.

4. Entrust a law firm designated by the bank to conduct a credit review. This is an essential step as the bank needs to determine whether the home buyer qualifies for the loan. After the lawyer reviews the individual's credit, he or she will issue a legal opinion on the individual's credit to the bank for reference when deciding whether to lend.

5. Bank review mainly refers to reviewing the information submitted by the home buyer and the opinions of the lawyer, and then deciding whether to provide a loan to the applicant.

6Sign the "Loan Contract" and "Authorization Letter for Transfer and Deduction".

7. Go through insurance procedures. The borrower, that is, the home buyer, must apply for full property insurance on the mortgaged house from a designated insurance company. Generally speaking, the bank will handle this procedure for the home buyer.

8. Handle house property mortgage registration. If you buy an off-plan house, you will go to the local real estate registration center to apply for pre-mortgage registration; if it is an existing house that needs to be mortgaged, the borrower must go to the real estate registration center to complete the mortgage registration procedures after obtaining the real estate certificate. How to apply for a bank decoration loan

House decoration loan application process:

1. Customer application. The customer applies to the bank, fills in the application form in writing, and submits relevant information.

2. Sign the contract. After the bank investigates and approves the application materials submitted by the borrower, the two parties sign a loan contract and a guarantee contract, and handle relevant notarization and mortgage registration procedures as appropriate.

3. Grant loans. After the bank approves and completes all procedures, the bank will issue the loan according to the contract.

4. Repay the loan on schedule. The borrower repays the principal and interest of the loan according to the repayment plan and repayment method agreed in the loan contract.