1. Personal housing renovation loan is a loan issued by the bank to the borrower to decorate his own house. The house decoration mentioned here refers to the engineering activities that use decoration materials to transform and process houses. In other words, the property must be your own.

2. The special requirements in the decoration loan are: to have the renovation contract, decoration budget and related materials signed with the decoration and decoration enterprises approved by the relevant departments; Some banks also require owners to have no less than 30% of the total decoration budget and invest in project construction before using loans.

According to the regulations of the bank, personal consumption loans are generally not allowed to withdraw cash. The bank will transfer the money to the account of the decoration company.

4. The loan term is generally not more than 5 years.