The specific interest rate of decoration loan is actually related to many factors, such as the city where it is located and the bank it chooses. 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 for a loan with a term of less than one year is about 5.6%, and the annual interest rate for one to five years is about 6%. 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-year-old China citizens with full civil capacity;

2. Loan amount: the starting point of the loan is 5,000 yuan (including 5,000 yuan), and the maximum is not more than 654.38 yuan+500,000 yuan (including 654.38 yuan+500,000 yuan);

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. Use the assets recognized by the bank as collateral or pledge, or use units or individuals with sufficient compensatory capacity as guarantors to repay the loan principal and interest and bear joint liability;

4. 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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What's the real interest rate of the renovation loan of CCB?

The renovation loan interest rate of China Construction Bank is implemented according to the loan interest rate for the same period stipulated by the People's Bank of China, and fluctuates within the scope stipulated by the People's Bank of China, generally rising by 20-30% on the basis of the benchmark interest rate of the central bank. Specific standards shall be implemented in accordance with local specific regulations. At present, the loan interest rate is 4.35% within one year, 4.75% within one to five years (including five years) and 4.90% over five years.

The loan interest rate for renovation of CCB varies from place to place, but it is generally implemented according to the loan interest rate for the same period stipulated by the People's Bank of China, and it rises by 20-30% on this basis. As for the loan interest of CCB, it is calculated according to the loan interest rate, amount and term, which can be calculated by CCB loan calculator.

The renovation loan interest rate of CCB is implemented according to the benchmark interest rate of the central bank, which can rise by 20 ~ 30%. At present, the five-year loan interest rate is 4.75%, and if it rises by 20%, it will be 5.7%.

Generally, the longest term of decoration loan is 20 years, and the amount is relatively high. If it's a mortgage loan, the interest rate for a loan of more than five years is between 6.7% and 8%. In addition, the better the personal qualifications, the lower the interest rate will be.

Does China Construction Bank have a decoration loan?

Of course.

Requirements:

1. Loan target: The home improvement loan of CCB is applicable to China citizens with full civil capacity who need decoration financing and are over 18 years old but not over 60 years old.

2. Guarantee method: CCB's home improvement loan provides a variety of guarantee methods, which can be selected according to its own needs, mainly including mortgage, guarantee, pledge and credit.

3. Loan amount: the loan amount of a single family does not exceed 6,543,800 yuan, of which the maximum credit can be 300,000 yuan if the renovated house has been loaned and has been repaid normally for more than 2 years, and the specific loan amount cannot exceed 30% of the house value.

4. The longest repayment period of the loan is no more than 5 years, and the repayment method is flexible. You can choose the equal principal and interest method, the average capital method, the one-time principal and interest method at maturity and the arbitrary principal repayment method of paying interest on schedule.

5. The loan interest rate of CCB's home improvement loan is implemented according to the central bank's loan interest rate for the same period, which can fluctuate up and down within the prescribed range, usually not too high.

Extended data:

Precautions:

1. Issue the loan purpose certificate. In order to ensure that the borrower will use the loan funds for legal and compliant purposes, the bank usually requires the borrower to issue a certificate on the purpose of the loan, which can be used for special purposes. Therefore, when applying for decoration loan, the borrower also needs to provide relevant renovation contract or agreement.

2. Get into the habit of paying back on time. After obtaining the loan funds, the borrower should also keep in mind the repayment date, form the habit of repaying in full and on time every month, and avoid overdue repayment, resulting in bad credit.

3. Prepare loan information in advance. When applying for a loan, in addition to requiring the borrower to meet the relevant loan conditions, the borrower is also required to provide relevant loan information, which generally includes personal identity certificate, income certificate, work certificate, residence certificate and renovation contract. Borrowers can make preparations in advance to avoid mistakes and omissions in the loan process, which will affect the loan approval.

Does CCB have a decoration loan?

CCB has renovation loans, and the loan applicants are between the ages of 18 and 55, and they can apply for loans if they have a property with an area of more than 50 square meters below 15 under the local loan name. Applicants can apply for loans at CCB outlets with their ID card, copy of real estate license, social security certificate for the last 6 months, bank flow and income certificate for the last 6 months.

The monthly interest rate of the renovation loan of China Construction Bank is 3. 1%, which is equivalent to an annual interest rate of about 7.5%. Take the loan of 100000 yuan as an example, the loan term is one year, so the loan interest = loan amount x loan annual interest rate x loan time, that is,100000x1x7.5% = 7500 yuan.