Of course, if the loan is not for decoration, there is no need to provide renovation contract. Even for real estate mortgage loans, it is enough to provide housing ownership certificates and state-owned land use certificates.
Does the decoration loan need guarantee?
For decoration loans, customers can choose to apply for pure credit loans, or use their own assets as collateral, or find someone with good credit as collateral, and customers can choose according to their own needs. If there is an asset mortgage guarantee, the loan amount may be higher, of course, the maximum can not exceed the total cost of decoration. If you find a personal guarantee, you can increase the chances of loan approval.
Don't worry, as long as the credit is good, there is no bad information recorded in the credit report, the information provided is sufficient, and the loan principal and interest can be repaid on time, you can generally handle the loan smoothly.
Which bank has the lowest interest on renovation loans?
Generally speaking, the loan interest of the four major commercial banks is relatively low. After all, they are strong and supported by the state, but the lowest interest rate will not be lower than the benchmark interest rate of the central bank or the quoted interest rate in the loan market, that is, the LPR interest rate.
1, renovation loan of China Bank.
You can choose home improvement by stages for decoration services or purchase furniture and appliances. The longest installment period is 8 years (that is, 96 installments), and no interest is charged, but the corresponding installment fee is charged according to the installment. If the cooperative home improvement installment merchants have product quality problems, they can apply for a refund, and the installment fee will be returned in proportion.
2. China Industrial and Commercial Bank Decoration Loan.
You can choose to borrow pure credit loans for decoration, with the longest installment of 3 years, the maximum loanable amount of 800,000 yuan, and the lowest loan interest rate of LPR +0.5%, which fluctuates with the market; You can also choose a mortgage-based housing consumption loan, with a maximum loan of 10 million yuan and a maximum repayment of10 year.
3. China Construction Bank Decoration Loan
That is, home improvement loans can provide both housing mortgage loans and home improvement consumer loans. The maximum loan amount is 6,543,800 yuan and the longest loan period is 5 years. The loan interest rate shall be subject to the provisions of CCB and the actual approval result shall prevail.
4. Decoration loan of China Agricultural Bank.
Personal comprehensive consumption loan can be selected for housing decoration consumption, with the maximum loan amount of 5 million yuan and the longest loan period of 10 year. The lowest loan interest rate can enjoy the loan market quotation in the same period, that is, LPR interest rate, and the lower limit of interest rate is very low.