How to apply for a decoration loan?
1 Select a bank
It is very important to choose the right bank to apply for a decoration loan. Generally speaking, the degree of matching between banks and applicants largely determines the approval rate of applications. The higher the matching degree, the easier it is to apply for a decoration loan. When choosing a decoration loan bank, it is generally recommended to apply for four major banks, with standardized application procedures and low rates.
2 Submit an application
After choosing a bank, the next step is to submit an application. In this link, you need to pay special attention: different regions, different banks, decoration loan application requirements and preparation materials are different. However, most banks will put forward the following requirements: the borrower needs to provide proof of identity, proof of real estate and proof of financial resources; Applicants also need to have good credit, and can't have too many debts and credit inquiries.
The following is a detailed description of the materials required by the applicant:
1. The applicant needs to provide the purpose of house decoration.
The purpose of decoration loan is very clear, that is, the loan must be used for house decoration. If the applicant can provide housing decoration materials, he can apply for a decoration loan from the bank. If the applicant or his immediate family members own real estate, they may apply to the bank for a house decoration loan in the name of the applicant or his immediate family members.
2. The applicant should have income vouchers that meet the requirements of the bank.
To apply for a decoration loan, the applicant must have a certain income certificate, and the income must meet the requirements of the bank decoration loan. The approximate monthly repayment amount can be calculated according to the applicant's decoration loan amount. According to the requirements of the bank, the income of the applicant should be more than twice the monthly repayment amount of the decoration loan, and the borrower has sufficient repayment ability.
3. If you want to apply for a decoration loan, the applicant must meet the loan requirements of the bank.
If the applicant wants to apply for a decoration loan, the credit information should meet the loan requirements of the bank. Bank loans have certain requirements for the applicant's credit investigation. In the past two years, the applicant's credit investigation cannot be overdue for six times in three consecutive months; When the borrower is overdue for too many times or for more than 3 months in a row, the borrower's decoration loan will be directly rejected.
3 loan approval
After approval, the decoration loan will be paid to the applicant's special account. Generally, this cycle takes 7- 14 working days. Hardcover room can be a one-time loan; The rough house will be loaned twice, once after the completion of water and electricity and once after the completion of mud and wood, so the applicant should know whether he is a hardcover house or a rough house.