You can apply.

The borrower must meet the following conditions when applying for the decoration loan of China Agricultural Bank:

1, and has successfully applied for housing mortgage loan in Agricultural Bank of China;

2, a stable source of income, in principle, for the working class;

3. The application score must meet the admission criteria.

Those who meet the above application conditions can start to apply for the decoration loan of Agricultural Bank of China: the customer applies for the decoration loan → the bank conducts investigation and approval → signs the loan contract and supplementary agreement → issues the loan → the borrower repays the loan principal and interest according to the agreed repayment method → goes through the loan settlement procedures.

Does ABC have decoration loan business in 2022?

Agricultural Bank of China has a decoration loan, and the product name of the decoration loan of Agricultural Bank of China is home improvement loan.

The home improvement loan of ABC is a credit loan, which can be exempted from guarantee. The maximum loan amount is 500,000 yuan. China Agricultural Bank's housing decoration consumption loan (home improvement loan) is a loan granted to natural persons who have applied for mortgage loans in our bank, and it is used for the decoration of the houses they buy, the purchase of furniture and household appliances and other consumer purposes.

Advantages of home improvement loans:

1, credit loan, without guarantee;

2. The maximum amount is 500,000 yuan, which can easily meet your new home decoration needs;

3. The procedure is simple and quick;

4. Flexible use of funds. The funds can be transferred to the account of the contractor and supplier, or directly used for credit card repayment.

How to handle the decoration loan of ABC?

China Agricultural Bank Personal Decoration Loan Process:

1. The borrower applies for personal loan at the loan bank, submits the application materials, and the bank calls the borrower after receiving the materials. At this point, the borrower can consult the required information or other related contents in detail.

2. The borrower brings information to the bank to submit an application, and the bank staff will verify the information submitted by the borrower. If all are true, pass and continue to the next step.

3. After the approval of the bank, notify the borrower to go to the bank to sign the contract and go through the mortgage registration formalities, and then sign the contract.

4. Bank loans.

Matters needing attention in handling decoration loans:

Precautions 1. Apply for a mortgage according to your ability.

Some people think that the bigger the loan amount, the better, but this is not the case! Because you have to pay the mortgage and interest. If your loan term is longer and the loan amount is larger, you will have to pay more interest, which will increase your repayment pressure.

Note 2. Prepare loan information in advance.

Copy of ID card, copy of household registration book, copy of marriage certificate or single certificate, copy of education certificate, copy of income certificate, copy of bank account, purchase contract, down payment invoice, social security related certificates, etc. It is also very important that if there is a bad credit record in credit card repayment, you must apply for cancellation or issue relevant certificates.

Note 3. Provide true information

If the loan buyers provide false materials to the bank, it may have a serious impact: it will affect the bank's audit, and it will be impossible to issue loans and realize the dream of living; What's more, it may be because individuals provide false materials, which leads to the inability to apply for loans, which leads developers to require buyers to bear the liability for breach of contract for overdue delivery of mortgage materials and pre-sale contracts of commercial housing, and pay a considerable amount of liquidated damages.

Note 4. Clear the repayment method in advance.

At present, there are two main repayment methods for bank loans to buy a house, namely equal principal and interest and average principal. Although there is little interest in the average capital, the monthly supply is high and the pressure is relatively high. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is small. You can choose the appropriate repayment method based on your own situation.

Note 5. Don't use the provident fund before applying for a loan.

If the borrower takes the balance of the provident fund before the loan, it will make the balance of the provident fund in his provident fund account become zero, and then the amount of the provident fund loan will become zero. In other words, you can't successfully apply for provident fund loans at this time.

Note 6. Don't prepay within one year.

According to the relevant regulations of bank loans, the prepayment part should be repaid after 1 year, and the amount returned should exceed the repayment amount of 6 months.

Note 7. Repay in full and on time.

After obtaining the loan, the borrower must repay the loan in full and on time in accordance with the provisions of the loan contract, so as not to leave a bad credit record and cause unnecessary trouble.

Note 8. If you can't repay on time, you can apply for an extension.

After the loan application is approved, the buyer can repay the loan every month. What should I do if I encounter difficulties halfway and can't repay on time? Property buyers can apply to the bank to change the loan term, and if the loan bank agrees, it can be extended.

Note 9. Remember to go through the mortgage cancellation procedures.

After the borrower pays off the mortgage, don't forget to go through the mortgage cancellation procedures, otherwise the house will always be mortgaged in the bank, and it will be impossible to apply for a real estate mortgage loan in the future.

Precautions 10. Don't lose the loan contract and IOUs.

As the loan term can be as long as 30 years, as a borrower, you need to take good care of your contracts and IOUs. When applying for mortgage loan, the loan contract and iou signed by the bank with you are important legal documents.

Reference link: Baidu Encyclopedia: Decoration Loan

Let's stop here about the introduction of the home improvement loan of ABC.