Credit is not guaranteed, but more than half of the credit products in the market have higher requirements for consumers, or the threshold for asset certification is higher, or people in specific industries, VIP customers and senior management personnel of the company can apply, and the details of the applicant's work nature, industry and income should be strictly examined. Personal credit products of banks such as Ningbo, Bohai, Standard Chartered and Citigroup are favored by consumers. The credit line of these banks is usually 5-8 times the monthly income, and of course the interest rate will be higher.
When buying a house, it is natural to consider the next decoration problem. But most families have spent most of their savings on buying a house, and it is difficult to get the money for decoration. At this time, you can consider the decoration loan. Decoration loan is a loan method introduced by the bank, which takes family housing as the main loan form. Decoration loans are also unsecured loans. Next, let's take a look at the related contents of the installment decoration loan.
Now there are two loan forms, one is credit card installment, and you can apply for decoration loan, as follows:
1. Apply for personal credit arrangement
Credit is not guaranteed, but more than half of the credit products in the market have higher requirements for consumers, or the threshold for asset certification is higher, or people in specific industries, VIP customers and senior management personnel of the company can apply, and the details of the applicant's work nature, industry and income should be strictly examined. Personal credit products of banks such as Ningbo, Bohai, Standard Chartered and Citigroup are favored by consumers. The credit line of these banks is usually 5-8 times the monthly income, and of course the interest rate will be higher.
2. Personal consumption loan decoration loan
Consumer loan refers to the mortgage held, that is, the consumer loan applied for with real estate as mortgage. Because many banks carry out this business, consumers have relatively more choices.
However, banks have different requirements for housing prices, housing age and real estate area, and consumers should do their homework before applying. If an individual owns one or more properties, he can try to apply, which not only has a large loan amount, but also has a long term. However, the specific loan amount depends on the bank's review of personal qualifications and real estate conditions (geographical location, house price, real estate area and house age).
Step 3 pay by credit card
In order to meet consumers' demand for credit card installment, some banks have launched credit card installment business for people who live in large and medium-sized cities, just bought new houses, have no money to decorate and have good credit records. The total amount is between100,000-200,000, and the maximum installment of a single product is 500,000. However, it should be noted that the applicants are civil servants, teachers and full-time employees of banks, and companies with registered capital of more than 30 million are middle and senior managers. General family decoration cycle is 12 months, 24 months, and the longest is 36 months. For the list of banks that can apply for home improvement by stages nationwide, please refer to the selection of personal loan products of Easy Loan China in 2009.
There are also certain restrictions on handling credit card installment furniture. In other words, the services and products selected by consumers must be cooperative merchants of banks. If the selected merchant is not among the cooperative merchants of furniture staging, you cannot apply for staging. What conditions must the applicant meet? Real estate! Property buyers need to provide real estate licenses, real estate sales or pre-sale contracts, purchase invoices, bank loan contracts and other collateral.
Customers must be clear about the various provisions of bank home improvement staging, such as credit limit, consumption limit, repayment problem, liquidated damages and so on. When applying for credit card installment loan, we should also pay attention to product quality and after-sales service. After all, once the money is given, it is easy to solve the quality problems in the decoration process in time.
4. Loans from consumer finance companies
In addition to traditional bank loans, loans from consumer finance companies are also feasible. Consumer finance companies provide personalized financial products to customers who cannot take care of themselves, such as commercial banks and credit cards. In fact, this kind of consumer credit has existed in foreign markets for more than 400 years, and the relevant laws and regulations of consumer credit are also relatively perfect, standardizing the relevant laws of different credits. However, China's consumer credit law is not perfect enough, and the market maturity needs to be improved. After the consumer finance companies are transplanted to China, they need to continue to explore in concrete practice.
Consumer loans (durable consumer goods and general consumption purposes) provided by consumer finance companies shall not exceed 5 times of personal monthly income. The guarantee method is unsecured, so consumers don't have to worry too much about its guarantee method. Consumer finance companies make up for the shortcomings of slow bank loan review because of their inherent advantages of fast credit review and short loan cycle.
5. Conditions for applying for renovation loans by stages
The application for decoration loan must be a legal account, permanent residence and valid ID card of the local public security organ.
Decoration loan applicants should have a stable job to ensure a stable income and repayment ability.
The decoration loan applicant shall provide the bank with relevant asset certificates.
House sales contract, purchase invoice, etc. Are needed.