first, the decoration loan can last for a few years at most
The decoration loan is a short-term loan, and the term of each bank will be slightly different, but usually it will not exceed five years. Repay the principal and interest in equal amount every month, and you can also apply for early repayment. Usually the quota is limited to 1,-2,, and the maximum installment quota for some products is 5,. However, it should be noted that the applicants are civil servants, teachers, regular employees of banks, and middle and senior management staff of companies with registered capital of more than 3 million. Usually, the stages of home improvement are 12 or 24 months, and the longest is 36 months.
2. How to apply for a decoration loan
1. Apply for a consumer loan
Advantages: You can apply for a consumer loan quickly, and you can freely choose a decoration company and cooperate with your ideal decoration company to decorate the house you want. Disadvantages: the cost of applying for consumer loans is relatively high.
2. applying for a mortgage loan
advantages: the handling fee and interest for applying for a mortgage loan are lower, which is more cost-effective for consumer loans. Disadvantages: mortgage loans must provide collateral and need to be verified. The process of handling is very complicated and takes longer.
3. Provident fund loans are used for decoration
Advantages: The biggest advantage of provident fund loans is to save money. The interest rate of provident fund loans is even lower, which is the most economical. Disadvantages: the loan amount is limited, and it is stipulated that the total loan amount cannot exceed a certain proportion of the total house price and the limit of the individual provident fund loan amount set by each city, and the handling procedures are cumbersome and the approval is very difficult.
Summary: The above is all the contents of the decoration loan introduced by Xiaobian for a maximum of several years, hoping to bring help to everyone. Presumably, everyone knows something after reading it! If you want to know more relevant information, please pay more attention to Qijia. com, which will provide you with more complete, detailed and updated information.