The monthly interest rate of decoration loan is 1.8% to 3%, but the annualized rate is different from that of bank mortgage. Take 3% of 10 12 as an example, the annualized rate is 3%, the annualized rate is not equal to the annual interest rate, and the repayment methods are different.

The repayment method of decoration loan has a high interest rate. Some people on the Internet say that the monthly interest rate is 2.5%, and the annualized rate is only 3% lower than the mortgage. It's a lie, or it's cost-effective to get a decoration loan from Agricultural Bank of China on February 0 or a decoration loan of 1.8 for 4,000 yuan.