Users can't use decoration loans to repay their mortgages. The amount of decoration loan belongs to the exclusive amount, which can only be used to pay the expenses related to decoration, and users can't get cash directly to repay the mortgage. And even if the mortgage is successfully returned, because the loan funds are used illegally, it is easy to be monitored by the bank, and subsequent users may need to pay off all the decoration loans at one time.

Please use the loan funds strictly according to the purpose of the decoration loan, and users should bear the consequences of illegal use.

loan limit

Maximum loan amount of housing provident fund

1. The loan amount shall not exceed the borrower's family repayment ability within the loan period.

Loan amount = total monthly salary of the borrower and his/her spouse × repayment ability coefficient of employees × 12 (month )× loan period. The repayment ability coefficient of employees is determined according to the different loan years, which is 35% in 1 to 10 and 40% in1to 30 years. Total monthly salary = monthly contribution of individual account housing provident fund ÷ (unit contribution rate and individual contribution rate)

For example, the monthly housing provident fund deposit in the borrower's housing provident fund account is 160 yuan, the individual and unit deposit rates are 8%, and the monthly housing provident fund deposit in his spouse's housing provident fund account is 286 yuan, and the individual and unit deposit rates are 13%, so the borrower's monthly salary is160 ÷ (8% 8%.

2. The loan amount shall not exceed a certain percentage of the house price.

For the purchase of commercial housing, cooperative housing, affordable housing (housing) and self-built housing, the loan amount shall not exceed 70% of the house price or construction cost;

Now living in public housing, renovation of housing, overhaul of self-housing, the loan amount shall not exceed 50% of the housing price or housing repair costs;

The loan amount for purchasing private houses shall not exceed 70% of the appraised value and transaction price of the houses;

The loan amount for the replacement of public housing shall not exceed 50% of the compensation fee for the replacement of public housing assessed by the replacement enterprise, and if the property right of public housing is purchased at the same time, the loan amount shall not exceed 50% of the compensation fee for the replacement of public housing and the total selling price of public housing.

On March 30, 20 15, the central bank issued a notice: households with 1 apartment and outstanding mortgage apply for commercial loans to buy ordinary self-occupied houses again, and the minimum down payment ratio will be reduced to not less than 40%; Use the provident fund loan to purchase the first set of ordinary self-occupied housing, and the minimum down payment ratio is 20%; Those who own 1 apartment and have settled their mortgage will apply for provident fund loans again to buy ordinary self-occupied housing, with a minimum down payment ratio of 30%.

3, the loan amount does not exceed a certain multiple of the balance of housing provident fund deposits.

The loan amount shall not exceed 15 times of the balance of the housing provident fund paid by both husband and wife of the borrower.

Can China Bank decorate with cash loan?

You can't.

Generally speaking, money for decoration loans is not allowed to be withdrawn, and personal consumption loans are generally not allowed to withdraw cash according to bank regulations. The bank will transfer the money to the account of the decoration company.

Borrowers can apply for personal decoration loan business through bank branches that offer personal housing decoration loan business.

How to refund the decoration loan?

Extraction method of decoration loan:

First, we enter the China Construction Bank app and click the withdrawal option below.

Then, we enter the withdrawal page, enter the withdrawal items, and click Next.

Finally, we open the page, fill in the relevant information, and click the option to confirm the withdrawal below.

Home improvement loans, also known as decoration loans, refer to personal credit loans launched by banks or consumer finance companies for the purpose of family housing decoration, that is, unsecured credit loans. In principle, the single loan amount of personal housing renovation loan issued by the bank shall not exceed 654.38 yuan +0.5 million yuan, and shall not exceed 50% of the total cost of renovation project. There are two kinds of home improvement loans and a credit card installment form to apply for.

Isn't the renovation loan of Agricultural Bank of China cash?

This is not cash. This decoration loan is directly negotiated with this decoration company, and then docked by the Agricultural Bank of China. The money is directly transferred to their account, which has nothing to do with you. It is the money, not your hand.

I want to refund the decoration loan. Can I decorate it myself? Who knows?

There are many loans that can help people tide over the difficulties when funds are tight. For example, the mortgage gives the owner money to buy a house when buying a house. This means that I can let you pay half of the house price, which can reduce the rent. Secondly, there are some student loans. But there is a kind of loan, that is, decoration loan. If you want to apply for a decoration loan, someone will ask. Can the decoration loan be withdrawn for maintenance? Actually, the answer is right. Decoration loans can be made in cash and decorated by yourself.

First, the nature of the decoration loan

In fact, the nature of decoration loans is the same as other loans. The bank gives you a loan. No matter what decoration you do, his requirements are not particularly detailed, but the bank will ask you to repay with a large amount of money. Just like the student loan, the loan money is used for study and the decoration money is used for decoration, but the student loan does not say that it must be used to pay tuition or living expenses. Therefore, the decoration loan also means this, and the decoration loan can also be used to decorate itself.

Second, how to repay the decoration loan?

How should I repay the decoration loan? This is related to the specific contract signed by the bank. The amount of the loan determines how much should be repaid each month. If the loan is repaid, it will be directly deducted from the bank account. Some repayment methods are related to periodicity. You need to measure your repayment ability, and in what range do you think you can accept the maximum repayment. For example, 1/3 of your monthly income, how much can you use to repay the loan? However, this loan cannot be defaulted. If you break the contract, it will affect your credit. Once credit affects your job search, it will have an impact on future debt repayment.

Third, the relevant knowledge about decoration

Some people will step on a lot of thunder when decorating, for example, the money for decoration will be many times more than others, but the effect of decoration is not as good as others. Why? In fact, this is inseparable from whether you know the relevant knowledge when decorating. In fact, some things can be omitted and some things are necessary. Moreover, group buying with relevant teams can reduce the cost of decoration and reduce the financial pressure. If you don't know, you can check the relevant information.

Let's stop here for the introduction of whether the decoration loan is a cash loan.