Loan decoration is very reliable. At present, the renovation loans of major banks are in the form of credit cards. For credit cards, the bank will increase the amount granted to you to the credit limit of the credit card. Then you need to use these lines to pay for the decoration expenses of the contracted decoration company (can not be used for other purposes). After that, the bank will send you a credit card bill every month, and you can repay it according to the bill. With interest, the average annualized interest rate is around 10%, which is not bad. But the trouble is that the approval process is different from place to place. You can consult your decoration company. However, it should be noted that the bank only issues loans to customers who sign contracts with designated decoration companies, so choosing a decoration company is the first step of the loan.
Second, can I apply for a decoration loan?
Hello, you can apply for our supporting housing renovation loan. The maximum loan amount of this business must meet the following conditions at the same time: ① The maximum loan amount shall not exceed 1 10,000 yuan, and shall not exceed 80% of the total decoration price; (2) If a professional guarantee company is used for guarantee, the loan amount shall not exceed 20% of the transaction price or evaluation value of supporting housing loans, and the sum of housing loans and decoration loans shall not exceed 80% of the transaction price or evaluation value of real estate; (3) If the guarantee is provided by a natural person, the loan amount shall not exceed 20% of the transaction price or evaluation value of the supporting housing loan, and the sum of the housing loan and the decoration loan shall not exceed 70% of the transaction price or evaluation value of the property. The longest loan term shall not exceed 10 years.
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3. Can I apply for a decoration loan in the bank?
You can do it at the bank.
First, the process of applying for a bank decoration loan
1. When the borrower applies for a loan for housing renovation, he must apply at the business outlet where the business is started, fill in the application form, submit relevant materials and go through relevant guarantee procedures.
2. Sign the loan contract after investigation and approval by the account manager and approval by the competent examination and approval department.
3. When the account manager handles the lender's settlement account, the customer can use the loan funds.
4. The borrower repays the loan at the business counter, or leaves enough repayment amount in the deposit account or bank card and entrusts it.
5. After the loan is settled, the bank terminates the creditor-debtor relationship with the customer and goes through the relevant formalities.
To apply for housing renovation loans, the loan amount shall not exceed the total value of renovation contract, and generally the longest period shall not exceed 5 years. If personal income is guaranteed by personal credit or a third party, the bank shall determine the loan amount according to the credit rating of the borrower and guarantor. When you apply for a house decoration loan, you need to provide proof of the purpose of the loan, such as providing a house decoration design and applying to a bank.
Main characteristics of extended data
Loan amount-approved according to the borrower's repayment ability, guarantee status and capital demand.
Loan term-loan term
Loan interest rate-Fluctuates within the loan interest rate range specified by the People's Bank of China.
Processing speed-loan approval is generally completed within 1-3 working days.
Handling fee-the bank does not charge fees in the process of loan processing.
There are various ways to guarantee-mortgage, pledge and guarantee can be used.