Decoration loan method:
1, personal housing renovation loan
Personal loans of commercial banks all include personal housing renovation loans, which require the lender to provide assets recognized by the bank as collateral, or a third party with sufficient compensation ability to provide joint liability guarantee. Renovation contract, house sales contract, house purchase receipt or invoice are required to apply for this loan.
2. Personal unsecured loans
You can choose some personal unsecured loans promoted by banks. The loan procedure is relatively simple. You can apply for a loan only by issuing personal income certificates and other materials. The loan can be used for decoration, home appliances purchase, wedding, honeymoon and so on.
3. Consumer finance companies
Loans issued by consumer finance companies also do not need mortgages and guarantees. Because the amount of loans issued is relatively small, usually five times the monthly income of the lender, the speed of loan approval is also very fast.
Step 4 pay by credit card
Newcomers can also use the installment payment function of credit cards to purchase goods and services from cooperative home improvement merchants designated by commercial banks, and then apply for installment payment from the bank credit card center.
Decoration loan application conditions:
1, with local permanent residence and legal and valid identification;
2. Have a proper occupation and stable income, and have the ability to repay the principal and interest of the loan at maturity.
3. The borrower can provide relevant asset certificates, bank statements, tax bill certificates, etc.
4. If the newly purchased house needs to be renovated, provide information such as the house sales contract and purchase invoice (or the original house needs to be renovated again, provide materials such as the house ownership certificate);
5. Other conditions stipulated by the Cooperation Organization.
Decoration loan application materials:
Lenders applying for renovation loans generally need to provide the following materials to the bank:
1, valid ID card, permanent residence certificate issued by the neighborhood committee, proving their identity and fixed residence;
2. Proof of professional and personal income issued by the unit, proof of stable work for six consecutive months or more (or providing monthly salary bills in recent months) to prove its repayment ability;
3. Real estate certificate of real estate mortgage (required for mortgage loan);
4. Bank deposit statement, water and electricity tax bill and other certificates. To prove their credit quality;
5. The decoration project contract signed with the decoration enterprise, the purchase order of decoration materials and other materials that prove the purpose of the loan;
6. A copy of the business license and qualification certificate of the decoration enterprise, which proves whether the partner is within the prescribed scope;
7. Other conditions required by banks or financial institutions.
Conditions for refusing the loan:
1, which does not have the qualification and basic conditions of the loan entity;
2, production, operation or investment in products and projects prohibited by the state;
3. Violating the provisions of the State on foreign exchange control;
4, the construction project according to the provisions of the state shall be reported to the relevant departments for approval without obtaining the approval documents;
5 production, operation or investment projects without the permission of the environmental protection department;
6. In the process of institutional changes such as contracting, leasing, joint venture, merger (merger), cooperation, division, paid transfer of property rights, and shareholding system reform. , the original loan debt is not paid off, the original loan debt is implemented or the corresponding guarantee is provided;
7, there are other serious illegal business practices.
Matters needing attention in decoration loan:
1. 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 decorative materials. In other words, the property must be your own.
2. The special requirements in the house decoration loan are: the renovation contract, decoration budget and related materials signed with the decoration enterprise 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.
According to the regulations of the bank, personal consumption loans are generally not allowed to withdraw cash. The bank will transfer the money to the account of the decoration company.
4, the loan period is generally not more than 5 years.