After buying a house, you will naturally think of 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 renovation loans?

1. House mortgage. If the borrower has a mortgage on the house, the house can be used as collateral to apply for a home improvement 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 and it 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 loan approval speed is 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, the decoration company must cooperate with the bank.