Teacher Yao, who just bought a new house last year, wants to go to the city to accompany her because her daughter was admitted to a high school in Anqing this year, so as to provide her with a better learning environment. I want to decorate the new house I just bought in the city, but I suffer from insufficient decoration funds. I'm going to rent a house near the school to accompany me.
For most property buyers, buying a house and decorating it is also an expensive thing. In response to this problem, Tongcheng Rural Commercial Bank has specially launched the credit card "home improvement by stages" business, which is mainly used for the renovation of commercial housing owned or owned by credit card holders to help buyers move into new homes as soon as possible. Teacher Yao is the first beneficiary of the bank's credit card "home improvement installment" business.
After receiving Mr. Yao's application, the bank comprehensively considered his work and family income. And after on-the-spot investigation of the renovation of new houses, 80,000 yuan was quickly distributed in 60 installments. This not only helped Mr. Yao to live in a new house early, but also solved the housing problem of students accompanying Mr. Yao, saving more than 10 thousand yuan in rent every year. (Zhang Hang)
Related Questions and Answers: Related Questions and Answers: Decoration loan or credit card, which is cost-effective? As a senior bank loan business manager, I have the most say! !
According to the topic: decoration loan or credit card which is more cost-effective!
Let's calculate an account:
First of all, the renovation loan is 200,000 yuan, with monthly interest of 0.27% in 540 yuan.
Cash in credit card, 200,000 yuan, and the credit card interest rate is 0.55%, so one month is 1 100 yuan.
Obviously, 0.55% > 0.27, 1 100 > 540.
Therefore, the interest rate of decoration loan is lower and the monthly interest rate is lower, which is definitely a good deal for decoration loan!
Of course, because of the monthly salary repayment, the monthly cash limit of the credit card will be reduced, but it also depends on the specific repayment amount!
Let's calculate (1100-540)/0.55% = 98182,200,000-98182 =10186544.
This also takes into account the author's monthly salary. If the salary is high, he can pay back more than 10,000 yuan a month. It is no problem to cash out, and he can pay off in less than two years. However, if the monthly income is not high, he will still pay back according to the amount of decoration loan of 200,000 yuan/12/5+540 = 3873.34! After all, the repayment pressure is not great, and I am not tired! !
Let's talk about the dangers of a set of credit cards:
First of all, legal issues. Strictly speaking, it is illegal to cash out credit cards, but because the cash-out crowd is relatively large, banks should turn a blind eye as long as they are not too excessive.
Second, the issue of quotas. Your credit card cash is 200,000 yuan, at least the total amount of the credit card must exceed 200,000 yuan, otherwise it will not be set!
Furthermore, the risk problem. If you want to cash in your credit card for a long time, it will take at least five years (according to the repayment time of the decoration loan, if you have a lot of money, you can repay it in advance, then you can set a little less), 200,000 yuan, which is 6667 yuan a month. You are immersed in the process of cashing out your credit cards every day. Some people will say, then I won't set it every day. I will set the total amount of five credit cards at one time. !
Finally, human feelings. You get a credit card every day, and you have to pay it back almost every day, and you have to withdraw it for repayment. Are you tired? What should I do if I forget to pay it back one day, or if the money is spent, there is no turnover, and there is no money to pay it back? Unlike decoration loans, it is ok to repay on time every month!
So overall, the decoration loan is still cost-effective!
Finally, when it comes to whether you can make a decoration loan, this should be divided into banks. As far as I know, decoration loans can generally be made from Agricultural Bank, Industrial and Commercial Bank of China and China Construction Bank. ICBC can't make two renovation loans, ABC and CCB can, but there are two kinds of renovation loans, one is in the form of installment cards, so you can't make two, and the other is pure loans, so you can make two! ! At present, the renovation loan activity of CCB can reach 0.25%, which is usually 0.3%! But there must be a house and a CCB mortgage that is better approved! !
The above is my humble opinion, please correct me if there are any mistakes, thank you! ! Pay attention if you like (? ˉωˉ? )
I'm Huazai Xiansen, a professional financial practitioner. Pay attention to me and bring you more financial knowledge! !