If there is no collateral, it is difficult to apply for a bank decoration loan. Usually, borrowers need to have a good credit record, work in the current unit for more than 6 months, and can provide 3-6 months of bank flow in the near future, which requires higher personal qualifications.

But when you go to the bank to apply for a decoration loan, the loan interest rate is relatively low and the loan speed is relatively fast. Friends who have requirements for loan costs are suitable for choosing banks.

Second, go to the loan company to decorate the loan.

Unsecured consumer loans of loan companies have lower requirements for personal qualifications, higher application pass rate and lower requirements for personal monthly income.

But relatively speaking, the loan interest rate is higher and the total cost is higher than that of banks. Lending speed is faster, and decoration funds are urgently needed, but friends with relatively low personal qualifications can choose loan companies to apply for loans.

Third, apply for a decoration loan and choose the one that suits you.

Banks and loan companies have their own advantages and disadvantages. Generally speaking, if there are mortgages such as houses or cars, it is more cost-effective to apply for renovation loans in banks than loan companies. Of course, banks still have certain requirements for personal credit reporting. When applying for a decoration loan, you'd better choose a suitable institution to apply according to your own situation.