Apply for housing renovation loans, the loan amount shall not exceed 80% of the total price of renovation contract; The loan period is generally not more than 5 years. If personal income is relatively stable and reliable, you can apply for a loan through personal credit or a secured loan guaranteed by a third party. Banks will determine the loan amount according to the credit ratings of borrowers and guarantors. 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. In addition, it should be reminded that the total expenditure of family real estate should not exceed 50% of family income.

Specifically, individuals applying for housing renovation loans should meet the following conditions:

To apply for a personal housing renovation loan, the borrower should be a natural person with full civil capacity. In addition, the borrower shall meet the following conditions:

1. Have permanent residence in cities and towns or valid residence status [1]

Second, the borrower has the right to use the house issued by the house property right certificate or the house property right 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.

Third, it has a stable occupation and income, good credit and the ability to repay the principal and interest of the loan on time. "

To prove that you have a stable occupation and income, except for those who work in state-owned factories, private enterprises or self-employed, your unit can issue a written certificate of stable economic income in the last two years or provide a tax receipt for your personal income tax payment in the last two years.

In addition, the applicant can apply for a house decoration loan with the renovated house as collateral. As long as the renovated house is not mortgaged in the bank and meets the requirements in terms of face value and market value, the loan amount is generally about 70% of the value of real estate assessment. The applicant may also provide a loan guaranteed by an enterprise legal person or a guarantee company capable of paying off on its behalf. If you continue to pay the provident fund for half a year, you can also consider applying for a provident fund decoration loan. If the house renovated by the applicant is mortgaged, it is suggested that you need to provide another house or assets as collateral to apply for a loan. When applying for a house decoration loan, the applicant needs to fill out a decoration loan application form, including the purpose, amount, term, collateral, repayment source, etc.

Housing renovation loans refer to RMB loans issued by banks to borrowers for personal housing renovation.

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