Interest varies from bank to bank and from time to time. The following is for reference only. Please consult the bank for specific suggestions.

1. Short-term loans from six months to one year are: 1. 180 days (inclusive) 5.6%; 2. 180 days to 365 days (inclusive) 6%.

Two, one year to more than five years of long-term loan interest rates are:

1, one to three years (inclusive) 6.15%;

2, three to five years (inclusive) 6.4%;

3, more than five years 6.55%.

How to apply for a house decoration loan

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:

First, it has a permanent residence in the town or a valid residence status;

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. "

How much is the interest on the renovation loan?

The specific interest rate of decoration loan is actually related to many factors, such as the city where it is located, the bank it chooses and so on. The interest rate of decoration loan products of banks generally fluctuates on the basis of the benchmark interest rate of the central bank, and different banks set interest according to this system. The annual interest rate of the loan term is about 5.6% for less than one year and about 6% for one to five years. If the loan term exceeds five years, the required interest is about 6. 15%.

How many years can I borrow a decoration loan?

I. Detailed Rules for Decoration Loan of China Construction Bank

1. Loan target: 18 to 60 years old China citizens with full civil capacity;

2. Loan amount: the starting point of the loan is RMB 5,000 (including RMB 5,000), and the maximum is RMB 654.38+RMB 500,000 (including RMB 654.38+RMB 500,000);

3. Loan term: the shortest half year and the longest not exceeding 5 years (including 5 years);

4. Loan interest rate: the loan interest rate for the same period stipulated by the People's Bank of China shall apply;

5. Guarantee method: pledge, mortgage and qualified third-party natural person guarantee recognized by CCB.

Two. ICBC Decoration Loan Rules

1, with urban permanent residence or valid residence status;

2. Have a stable occupation and income, good credit, and the ability to repay the loan principal and interest on schedule;

3. Take the assets recognized by the bank as collateral or pledge, or take the units or individuals with sufficient compensatory capacity as guarantors to repay the loan principal and interest and bear joint and several liabilities;

4. There is a house renovation contract, decoration budget and related materials signed with the decoration enterprise approved by the competent department;

5, with no less than 50% of the total decoration budget of its own funds, and before the use of loans into the project construction;

6. Loan term: the longest loan term shall not exceed 10 year (including 5 years);

7. Other conditions stipulated by the bank.

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How much is the interest on the renovation loan?

The loan is 65,438+000,000 yuan, and the monthly interest rate is 0.25%;

Monthly interest = loan amount × monthly interest rate = 65438+ million× 0.25% = 250 yuan;

Annual interest = monthly interest ×1February = 250×12 = 3,000 yuan.

The loan is 200,000 yuan with a monthly interest rate of 0.25%;

Monthly interest = loan amount × monthly interest rate = 200,000× 0.25% = 500 yuan;

Annual interest = monthly interest ×1February =500× 12=6000 yuan.

The loan is 300,000 yuan with a monthly interest rate of 0.25%;

Monthly interest = loan amount × monthly interest rate = 300,000× 0.25% = 750 yuan;

Annual interest = monthly interest ×1February =750× 12=9000 yuan.

Calculation formula of monthly interest: monthly interest = loan amount × monthly interest rate;

Calculation formula of annual interest rate: annual interest rate = monthly interest × 12 months.

You can calculate the interest of your own decoration loan according to the formula.

What's the interest rate for the renovation loan?

The renovation loan interest rate of China Bank has no fixed value. The interest rate is obtained by floating on the benchmark interest rate of commercial loans, and the floating range is determined by the bank. If the loan term is within one year (including one year), the loan interest rate shall be calculated according to the interest rate agreed in this contract. When the statutory interest rate is adjusted, the interest rate remains unchanged. If the loan term is more than one year, in case of legal interest rate adjustment, it shall be implemented according to the provisions of the People's Bank of China on interest rate adjustment. Decoration loan refers to personal housing decoration loan launched by banks or consumer finance companies. In principle, the amount of a single loan issued by a bank shall not exceed 6.5438+0.5 million yuan, and at the same time, it shall not exceed 50% of the total cost of the decoration project. The longest loan period shall not exceed 5 years. The loan interest rate is based on the fixed interest rate stipulated by the People's Bank of China. That is, for less than 5 years (including 5 years), the annual interest rate of the loan is 4.77%.

The interest rate of renovation loans shall be subject to the regular interest rate stipulated by the People's Bank of China. In other words, the right is less than 5 years (including 5 years), and the annual interest rate of the loan is 4.77%.

Loan interest rate: if the loan term is within one year (including one year), the interest will be calculated according to the interest rate agreed in the contract, and the interest rate will remain unchanged when the legal interest rate is adjusted; If the loan term is more than one year, in case of legal interest rate adjustment, it shall be implemented according to the provisions of the People's Bank of China on interest rate adjustment. Loan amount: the maximum amount shall not exceed 80% of the total amount of home decoration works. Loan term: generally one to three years, and the longest is not more than five years (including five years). Loan conditions: a natural person with full capacity for civil conduct; Have a local permanent residence or valid residence status and a fixed detailed address; 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 time; In principle, you must hold the home decoration agreement or contract signed with the decoration enterprise and the decoration project budget table approved by the lender; Provide property mortgage, pledge or third-party guarantee approved by the lender, and the guarantor is an individual or unit with compensatory ability approved by Bank of China, and shall bear joint and several liabilities; The bank designated by China Bank has a deposit certificate of not less than 30% of the total amount of home decoration or a certificate that more than 30% of the decoration funds have been raised and paid; Implement other loan conditions stipulated by the lender.

What's the interest rate for the renovation loan?

What's the interest rate for the renovation loan?

The interest rate of decoration loan products of banks generally fluctuates on the basis of the benchmark interest rate of the central bank, and different banks set interest according to this system. The annual interest rate of the loan term is about one year or less.

The loan interest rate of decoration loan will also depend on the loan amount and repayment time. Interest rate of bank decoration loan: 6% for short-term loans and medium-and long-term loans from six months (inclusive) to one year (inclusive); Three to five years (inclusive) 6%; Renovation loans for more than five years are loans provided by banks or other financial institutions to individuals for housing renovation, and generally do not require mortgage. Compared with other consumer loans, its amount can be given very high.

/kloc-how much interest does a decoration loan of 0/00000 have for one year?

Assuming that the loan is calculated according to the above loan interest rate, and the repayment method of equal principal and interest is adopted, the loan is 654.38 million yuan, and the repayment period is one year, so the total interest is 5600 yuan.

In addition, we need to remind everyone that according to the regulations of the bank, renovation loans are not allowed to be withdrawn. The bank either directly transfers the money to the account of the decoration company, or the borrower can only spend it at some hardware stores. The special requirements in the house decoration loan are: to have the house renovation contract, decoration budget and related materials signed with the decoration enterprises recognized by the relevant departments.

The above is the sharing of "how much is the interest rate of decoration loan", and I hope it will help everyone!

Before, I also needed business turnover. I used several products. In fact, every small loan platform has an internal application entrance, with low interest, convenient payment and high quota! Scan the code below to enter the QR code!