2. Apply for a consumer loan: You can apply for a consumer loan quickly. At the same time, you can choose your own decoration company and cooperate with your ideal decoration company to decorate your favorite house. But the cost of applying for a loan is relatively high.
3. Apply for a mortgage loan: The handling fee and interest for applying for a mortgage loan are relatively low, so it will be more cost-effective than a consumer loan. However, mortgage loans also need to provide collateral and need to be reviewed. The process of handling is more complicated and the time will be longer.
4. Apply for a loan from a financial company: the process is simple and convenient. At the same time, more decoration companies will cooperate with financial companies, so consumers will have a wider choice of decoration companies. However, the agency's formalities cost is relatively high.
5. Provident fund loans are used for decoration: the advantage of this loan method is to save money. The interest rate of provident fund loans is relatively low and the most economical. However, the loan amount is limited. It is generally stipulated that the total loan amount shall not exceed a certain proportion of the total house price and the upper limit of the personal provident fund loan amount stipulated by each city. Moreover, the formalities are complicated and the approval is difficult.
What are the conditions for a house decoration loan?
1. The application for renovation loan must be a legal account of the local police station, and it must be a permanent account, and it must be handled with a valid resident ID card.
2. The decoration loan applicant should have a stable job, ensure a stable income, and need the repayment ability.
3. The decoration loan applicant shall provide relevant asset certificates to the bank.
4. Newly purchased houses need a house sales contract and a house purchase invoice.
5. Other renovation loans that meet the requirements of relevant departments.