Decoration can be paid in installments, and many banks have this business. Usually, the owner needs to provide ID card, real estate license, income certificate and budget certificate of the decoration company, and the borrower's credit information is good. Some decoration companies also support installment payment, and pay the down payment when signing the renovation contract.

decoration deposit

Decoration deposit shall be paid simultaneously when signing renovation contract. Generally, it is a fixed amount of about 20,000 yuan. When the owner signs the renovation contract and pays the decoration deposit, both parties can't go back on their word, otherwise they will be liable for breach of contract.

Hydropower construction fund

The funds for hydropower construction must be put in place before the start of construction, and the funds included in all-inclusive decoration will include construction and material costs, accounting for about 30% of the total. Of course, each company has different requirements and regulations, and can also negotiate on its own.

Hard-fitting construction fund

Before the hard-fitting construction, you need to pay the third decoration fee, which is similar to the second decoration fee. After paying this fee, the construction will be completed.

balance

After all the construction acceptance is completed, the owner needs to pay the final payment within a certain period of time, which is generally 10% to 20% of the total decoration payment.

Decoration loan

Home improvement loans, also known as decoration loans, refer to personal credit loans launched by banks or consumer finance companies for the purpose of family housing decoration, that is, unsecured credit loans. In principle, the amount of individual housing renovation loans issued by banks shall not exceed 654.38 yuan+500,000 yuan, and shall not exceed 50% of the total cost of renovation projects.

Application conditions

1. Have local permanent residence and legal and valid identification. 2. Have a proper occupation and stable income, and have the ability to repay the principal and interest of the loan due. 3. The borrower can provide relevant asset certificates, bank statements, tax bills, etc. 4. For newly purchased houses, materials such as sales contracts and purchase invoices shall be provided (or materials of house ownership certificates shall be provided if the original houses are renovated again). 5. Other conditions stipulated by the Cooperation Organization.