1. The longest term of China Merchants Bank's special decoration loan for house purchase is 10 year;
2. The longest loan period of ICBC's home consumption loan (which can be used for decoration) is 5 years;
3. The consumer loan (which can be used for decoration) of China Construction Bank has a maximum loan period of 5 years.
The above is the relevant content that decoration loans can generally be loaned for several years.
Extended data:
How to get a house decoration loan:
There are two ways to apply for a house decoration loan:
Provident fund housing loan. The borrower brings his identity information and provident fund account information to the local individual housing provident fund center to apply for provident fund housing loans, and the loan amount is determined according to the balance of the borrower's provident fund account.
Bank housing loan. Borrowers bring relevant information, go to the bank to apply for housing loans, fill out the application form, and the bank will have special credit personnel for approval. After the approval, the bank will inform the borrower to handle the face-to-face signing and sign the loan contract.
Application steps of house decoration loan
1. Users go to the bank to apply for a loan, fill in the application form, submit relevant materials and handle the loan guarantee process;
2. The bank signs a loan contract after investigating and reviewing relevant materials;
3. Handle the loan process, transfer the loan to the borrower's personal account, and the borrower can use the loan property;
4. The borrower can repay the loan at the bank service desk, or leave enough repayment amount on the bank card and authorize the lending bank to repay the loan on its behalf;
5. After the loan is paid off, the bank shall cancel the debt relationship with the borrower and go through the relevant formalities.
Does the decoration loan need to be handled by both husband and wife?
If the user is married, then the decoration loan needs to be handled by both husband and wife. Because the real estate is the common property after marriage, relying on the real estate to apply for a decoration loan requires the signature of both husband and wife. The user's property belongs to pre-marital property, so both husband and wife do not need to apply for decoration loans. In essence, the property belongs to the user's personal property, so it is enough to apply for a decoration loan.
It can be seen that whether the decoration loan needs to be jointly applied by husband and wife mainly depends on the ownership of the property. When it belongs to both husband and wife, the decoration loan needs to be applied by both husband and wife. If one party cannot attend, the other party may be authorized to sign. The property belongs to an individual, and applying for a decoration loan is actually an application for a personal loan, without the signature of both husband and wife.
If the decoration loan is jointly applied by husband and wife, both of them need to bear the repayment obligation. When applying, it is necessary to distinguish between the main lender and the sub-lender. If the primary lender fails to repay on time, the secondary lender needs to repay as soon as possible.