We all know that we can borrow money to buy a house, so can we borrow money to decorate the house? Now with the opening of national policy, we can get loans for many things, such as buying a car and a mobile phone. It is naturally possible to borrow money to decorate a house, but the loan for decoration is more complicated than the loan for buying a car and a mobile phone. So how do you apply for a decoration loan? What are the conditions? What is the process? The following small series will give you a detailed introduction.

What is a decoration loan?

Decoration loan, also known as home improvement loan, refers to a personal credit loan launched by banks or consumer finance companies for the purpose of family housing decoration, that is, unsecured credit loan.

Decoration loan application conditions

1, with urban permanent residence or valid residence status.

2. There is a property certificate or proof that the borrower has the right to use the house issued by the house property unit; If the property right of the house you want to decorate is your own, you must have a property certificate. If it is a unit house, you need to prove that you have the right to use it.

3 have a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan on time.

Decoration loan application materials

1. Original and photocopy of legal identity documents (resident identity card, household registration book or other valid residence documents).

2. Housing ownership certificate or housing use certificate with the borrower's name.

3 proof of economic income issued by the unit.

4, housing renovation project construction contract.

5. If it is a mortgage loan, it is required to have the property right certificate of the mortgaged property, the list of pledged property, the certificate that the person who has the right to dispose of it agrees to mortgage or pledge, and the appraisal report of the mortgaged property.

6. The Guarantor agrees to provide written guarantee documents and credit certificate of the Guarantor.

Decoration loan process

1. When applying for a loan from a bank, the loan applicant must fill in the Application Form for Personal Housing Decoration Loan. At the same time, submit relevant certificates and materials to the bank;

2. After reviewing the authenticity, legality and credit degree of the relevant certificates and materials submitted by the borrower, the bank promises to lend. On this basis, the loan applicant signs a decoration project contract or decoration product order contract with the decoration company or decoration product seller, and submits the original contract to the bank.

3. The borrower and the borrower sign the Loan Contract for Personal Housing Decoration and the corresponding guarantee contract. The borrower who takes the house as mortgage shall go through the formalities of notarization of individual housing mortgage contract, mortgage housing insurance and real estate mortgage registration.

4. After accepting the certificate of other rights of real estate, the bank shall go through the formalities of loan guarantee or loan lending;

5. Entrusted by the borrower, the bank will transfer the loan funds to the decoration company or the unit selling the decoration products to open an account in the bank in the name of paying the decoration money according to the time stipulated in the loan contract.

In fact, many people don't know much about decoration loans. It seems that there are few examples of decoration loans in our life. So what is a decoration loan? Bian Xiao gave you a brief introduction above. Many people will be nervous about money after buying a house. If they are in a hurry to move in and have no money to decorate, they can apply for a decoration loan. Bian Xiao can also introduce the conditions of the decoration loan above, and everyone can know about it. In addition, Bian Xiao also mentioned the process of decoration loan for your reference.