Resettlement houses can be decorated with loans, but they can only apply for loans with real estate licenses, and they can only apply for mortgages with the local housing authority. Because no matter what company you like to borrow for decoration, you need a mortgage loan, unless you have a high personal credit limit, you can apply for a loan directly with a credit card.

Mortgage loan refers to a loan issued by a bank to a borrower with the property provided by the payer or a third party as collateral. When the borrower cannot repay the loan, the loan handling bank has the right to auction the collateral and repay the loan owed by the borrower with the proceeds from the auction. Mortgage requires a house certificate and mortgage registration in the real estate trading center.

In addition, when applying for decoration loans, you usually need to provide personal valid identity documents, proof of permanent residence, employment and personal income certificates issued by the unit, real estate licenses, credit certificates, loan purposes and other information.

Decoration loan process

1, customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time.

2. Sign the contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate.

3. issue loans. After the bank has approved and completed all the formalities, the bank will issue the loan according to the contract.

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

5. loan settlement. Loan settlement includes normal settlement and early settlement. Normal settlement is to settle the loan on the maturity date of the loan (one-time repayment of principal and interest) or the last installment of the loan (installment repayment). Early settlement means that before the loan expires, the borrower must apply to the bank in advance according to the loan contract and repay the loan at the designated accounting counter after approval by the bank.

6. After the loan is settled, the borrower shall retrieve the legal documents and relevant supporting documents kept by the bank on the strength of his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department on the strength of the loan settlement certificate.