How to borrow a decoration loan?
1. Housing provident fund renovation loan. Take Minsheng Bank as an example. Pay the provident fund 1 year or more, and the monthly payment is more than 500. You can apply for a credit loan, which can be used for decoration, without mortgage, and the loan interest rate is low. It is a good loan method. How to handle it: individuals must meet certain requirements before they can apply to the bank.
2, credit card installment, the popularity of credit cards, many people choose credit card installment when buying a car and decorating to meet their own consumption needs. How to handle it: the decoration company and the bank have cooperation and can only apply if they meet this condition.
3, mortgage loans, take real estate or cars as collateral, but also loan approval. The biggest advantage: the handling fee is cheap and the loan interest rate is low. If you apply: you need to take the real estate as collateral, and the procedures are complicated and the cycle is long.
4, e-commerce decoration loans, the rise of e-commerce has also extended to the loan field. Now there are special e-commerce decoration loan products on the market. Simple and convenient procedures, suitable for young people. How to handle it: apply. It is not popular all over the country.
5, consumer loans, simple review, fast lending, become the first choice to solve capital needs. Decoration is one of the uses. The range of independent choice is large, but the handling fee and loan interest rate are high. How to handle it: the salary is up to standard and the personal credit is good. All major banks and small loan companies have this kind of business.
Matters needing attention in decoration loan
1. You need to prove that the property belongs to you. Personal housing renovation loan is a loan issued by the bank to the borrower for the renovation of its own housing. The house decoration mentioned here refers to the engineering activities of transforming and processing houses by using decoration materials, that is, the real estate must be its own.
2. Special requirements for personal housing renovation loans. There must be a renovation contract, decoration budget and related materials signed by the decoration and decoration enterprises approved by the relevant departments; Some banks also require owners to have no less than 30% of the total decoration budget, and then use the loan after investing in the project construction.
3. Term of the loan. The loan term shall not exceed five years at the longest and shall not be extended;
4. The amount of a single loan. A single loan does not exceed 70% of the decoration budget, and the proportion of pledged loans does not exceed 80% of my savings deposit;
5. Drafting renovation contract. Houses used for decoration or mortgage must be qualified in quality and clear in property rights, which are not within the scope of the demolition announcement;
6. The year when the house was renovated. The service life of the house for decoration or mortgage (i.e. the service life of the house) shall not exceed 15 years;
7. The age of the borrower. The age of the borrower plus the loan period, the male is no more than 65 years old and the female is no more than 60 years old;
8. Adjustment of national interest rate policy. In case of national interest rate adjustment, the latest benchmark interest rate shall prevail.
Decoration loan is a problem that many people will consider when decorating, so everyone needs to know a lot of details when preparing decoration loan. The above is what Bian Xiao introduced to you today: how to borrow decoration loans and matters needing attention in decoration loans. Here it is.