How to get a mortgage house decoration loan

Specific requirements for mortgage house decoration loans:

1. Have a permanent residence in a township or a valid residence status.

2. Have a reasonable job and stable income, and have the ability to repay the principal and interest of the loan when due.

3. Borrowers for house decoration loans must be able to provide proof of relevant assets, bank statements, and tax bills.

4. If the newly purchased residence is decorated, the house transaction contract, house purchase and other documents should be provided (or if the original residence is renovated, the house ownership certification documents should be provided.

5. Cooperation Other conditions stipulated by the institution. In addition, if the house in the mortgage cannot be used as a pawn for decoration loans, decoration money can also be obtained through non-pawn loans.

Mortgage house loan process:

1. Apply for a personal credit loan for decoration: This type of loan is characterized by high requirements for applicants, which means the threshold is high. It is tailor-made for some special industries, VIP customers, and company managers. , it is necessary to examine the applicant's job nature, industry, income status and other details. Generally, no mortgage is required. The loan amount is 5-8 times the monthly income, and of course the interest rate will be higher.

2. Individual. Consumer loan decoration loan: This type is different from the former. It requires documents such as real estate and consumption, giving applicants a wider range of choices. However, each bank has requirements for applicants in terms of housing price, age, and area of ??the property. Each is different. Applicants can do their homework in advance. If you own one or more properties, you can try to apply. The loan amount is larger and the period is longer, but it should also be based on the specific loan amount, personal qualifications and property conditions.

3. Credit card home improvement installment: Due to the limited financial affordability of applicants, many banks have launched a new, more user-friendly product, which is the credit card installment business, mainly for people living in In large and medium-sized cities, people who have just bought a house and have no money to renovate, but applicants are required to have a good credit record.

Usually the upper limit is 100,000-200,000, and the installment limit for some products is 500,000, but the application is required. For those who are civil servants, teachers, regular employees of banks, and middle and senior managers of companies registered with more than 30 million yuan, the home improvement installment period is 12 months, 24 months, and the maximum length is 36 months. Consumers must be familiar with the bank's requirements. Be aware of various regulations, such as credit limit, consumption limit, repayment, liquidated damages, etc. Once the application is successful, you should also pay attention to the quality of the product and after-sales service to facilitate timely resolution of problems.

4. Consumer Finance. Corporate loans: When it comes to loans, most people think of banks. In fact, it is a more traditional way. In addition, we can also choose to borrow from consumer finance companies, which can take care of commercial banks and credit cards. To provide personalized financial products to customers, the relevant legal regulations are quite complete. Different credit standards have different targeted laws to regulate them.

5. Generally, consumers can be provided with durable consumer goods and general products. For consumption purposes, the limit does not exceed five times of personal monthly income, no mortgage or guarantee, fast approval and short loan cycle, making up for the shortcomings of banks' slow loan review speed.