202 1 what are the conditions for applying for a decoration loan?
1. First, it meets the urban permanent residence and valid resident status;
2. Secondly, when applying for a decoration loan, there must be a certificate of housing property rights and a certificate issued by the housing property unit that the borrower has the right to use the house; If the property right of the renovated house is your own, you must have a property right certificate. If it is a unit house, you need proof of the right to use the unit.
3. The person applying for decoration loan must have a stable occupation and income, good credit and the ability to repay the principal and interest on time.
Information required for decoration loan
1, legal identity documents (ID card, household registration book or other valid residence permit) and their copies;
2. The borrower's house title certificate or house use certificate;
3 proof of economic income issued by the borrower's unit;
4, housing renovation project construction contract;
5. In case of mortgage loan, the property right certificate of the collateral, the pledge list, the certificate that the collateral holder agrees to mortgage or pledge and the collateral evaluation report shall be provided.
What is the maximum loan for decoration?
1. If you apply for a decoration consumer loan from a bank, both ICBC and CCB stipulate that the amount of a single loan should not exceed 1.5 million yuan in principle and not exceed 50% of the total cost of the decoration project; The Bank of China stipulates that the maximum loan amount shall not exceed 80% of the total cost of the renovation project. If the real estate is used as a mortgage loan, the loan amount will be higher, but most banks have to evaluate the mortgaged real estate, and the loan amount cannot exceed 70% of the assessed price of the collateral.
If pledge is adopted, the maximum loan amount shall not exceed 90% of the value of the pledge right certificate; If there is a guarantor, the loan amount shall be determined according to the credit rating of the borrower or guarantor, and the maximum amount shall not exceed 600,000 yuan.
2. If you can apply for a provident fund loan locally, you can apply for a single maximum of 50,000 yuan, and the loan amount cannot exceed 80% of the total cost of the decoration project. Unfortunately, most areas do not support provident fund decoration loans.
3. If you are eligible to apply for a personal credit loan from the bank for renovation, the maximum loan amount is generally 500,000 yuan.
4. If you hold a credit card and belong to one of civil servants, teachers, bank employees and company executives, you can also apply to the bank for a credit card installment loan. The general limit is100-200,000 yuan, and the installment limit of individual products can reach 500,000 yuan.
202 1 what are the requirements for applying for a decoration loan? What is the maximum loan for decoration? The above is the relevant content we introduced. Decoration loan can solve the urgent need and relieve some pressure, but to understand the loan process and interest, different banks have different requirements. More decoration knowledge can continue to pay attention here.