China Bank's house decoration loan refers to the RMB consumer loan issued by the lender to the borrower for home decoration and the borrower's own use. China citizens who have reached the age of 18 and have full capacity for civil conduct must meet the following conditions when applying for personal home decoration loans:
1, a natural person with full capacity for civil conduct;
2. Have a local permanent residence or valid residence status and a fixed detailed address;
3. Have a legitimate occupation, a stable and reliable source of income, good credit and the ability to repay the principal and interest of the loan on schedule;
4. In principle, you must hold the family decoration agreement or contract signed by the decoration enterprise recognized by the lender and the decoration project budget table;
5. To provide mortgage, pledge or third-party guarantee with the property recognized by the lender, the guarantor shall be an individual or unit recognized by the lender with compensatory ability and joint liability;
6. There is a deposit certificate of not less than 30% of the total amount of home decoration in the bank designated by the lender, or there is a certificate that more than 30% of the decoration money has been paid by itself;
7. Implement other loan conditions stipulated by the lender.
The term of ICBC's renovation loan is generally one to three years, and the longest is not more than five years (including five years). The specific term is determined according to the nature of the borrower.
Expected annualized interest rate of the loan: The expected annualized interest rate of the home decoration loan is subject to the expected annualized interest rate of the corresponding grade loan stipulated by the People's Bank of China. If the loan term is within one year (including one year), the interest shall be calculated according to the expected annualized interest rate agreed in the contract. When the statutory expected annualized interest rate is adjusted, the expected annualized interest rate remains unchanged; If the loan term is more than one year, the expected annualized interest rate shall be adjusted according to the provisions of the People's Bank of China on the adjustment of the expected annualized interest rate.
When applying for home decoration loan, the borrower shall submit a written loan application to the lender, fill in the relevant application form, and submit the following documents, certificates and materials:
1. Original valid residence certificates such as personal and spouse's ID card and household registration book;
2. Proof of fixed occupation and stable economic income recognized by the lender;
3. In principle, the decoration agreement or contract signed with the decoration enterprise recognized by the lender and the budget table of the decoration project shall be provided for large-sum high-grade decoration;
4. If the assets are mortgaged or pledged, a list of mortgaged properties and pledges and a letter of commitment or statement signed by the person who has the right to dispose of the property (including the property owner) agreeing to mortgage and pledge shall be provided. Collateral, submit the value assessment report issued by the competent department and the insurance certificate of the insurance department, pledge, provide proof of ownership. If the guarantee is provided by a third party, a written document of the guarantor's consent to the guarantee and relevant credit certification materials shall be issued;
5, not less than 20% of the total renovation project in China bank deposit certificate or self-raised funds to pay more than 20% of the total project payment certificate;
6. In principle, provide the business license (photocopy) and qualification certificate (photocopy) of the decoration enterprise for large-sum high-grade decoration;
7. Other supporting documents and materials required by the lender.
You can apply for Ping An Bank decoration loan if you meet the following basic conditions.
25 to 55 years old;
The average monthly income is 3,000 yuan, and Beijing, Shenzhen, Guangzhou, Shanghai and Hangzhou are 4,000 yuan.
Have a stable job, the salaried person has been working in the current unit for 3 months continuously, and some customers need 6 months;
Living and working in the following areas (other areas): Beijing, Shanghai, Tianjin, Chongqing, Guangdong, Zhejiang, Fujian, Jiangsu, Shandong, Liaoning, Sichuan, Hubei, Yunnan and Hainan.
Before choosing which bank loan has a low expected annualized interest rate, let's take a look at the expected annualized interest rate of bank loans released by the central bank. The expected annualized interest rate for loans within six months (including six months) is 5.60%, for loans from six months to one year (including 1 year) is 6.00%, for loans from one to three years (including three years) is 6. 15%, and for loans from three to five years (including five years).
What needs your attention here is that the benchmark expected annualized interest rate is set by the central bank, and the expected annualized interest rate of bank loans should fluctuate based on this. It will be more troublesome to judge which bank's expected annualized interest rate is low, but there are still great differences among banks on the expected annualized interest rate of housing loans. Therefore, we must find the bank with the lowest expected annualized interest rate to lend on the basis of understanding the loan policies of various banks before lending.
Extended reading:
You must learn how to open this skill to prove the income of decoration loan!
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