The application condition for decoration loan of China Merchants Bank is 1. Having a local permanent residence and a legal and valid identity certificate; 2. Have a proper occupation and stable income, and have the ability to repay the principal and interest of the loan at maturity. 3. The borrower can provide relevant asset certificates, bank statements, tax bill certificates, etc. For newly purchased houses, information such as house sales contracts and purchase invoices should be provided (or the original houses are renovated again); 5. Other conditions stipulated by the Cooperation Organization.
Which banks can decorate loans?
Hello, you can apply for renovation loans in China Construction Bank, Agricultural Bank, China Bank, Industrial and Commercial Bank of China, Rural Commercial Bank, China Merchants Bank and Ping An Bank.
However, not everyone can apply for decoration loans, and they need to meet certain qualifications to apply. Because different banks have different policies, each bank has different application conditions.
The decoration loan is a pure credit loan, and there is no mortgage. The lender can get the decoration loan from the bank with his own credit. But a pure credit loan doesn't mean that you can borrow money from the bank at will.
Credit needs to be proved. You don't just say how good your credit is, the bank will believe that your credit is good. Before the bank gives you a loan, you need to produce evidence to prove your credit. For example, provide social security, provident fund, bank account number, purchase contract, purchase invoice, etc. They are all materials that can prove your credit.
For lenders, if their personal qualifications are excellent, they can choose banks with low interest rates and high loan quotas. If the lender's personal qualifications are not very good, priority should be given to banks with lower requirements for the lender's qualifications.
On the threshold of loan application, commercial banks are usually lower than the four major banks. If you want to talk about loan application amount or loan application interest rate, it is better to choose the four major banks than other commercial banks.
The four major banks are China Bank, China Construction Bank, Agricultural Bank, Industrial and Commercial Bank and so on. Dongguan Bank, Guangzhou Bank, Shengjing Bank, Three Gorges Bank, Changsha Bank, Chouzhou, Dongying City Commercial Bank, Baoshang Bank, Jiujiang Bank and other commercial banks.
I hope the above answers can help you!
China Merchants Bank Decoration Loan
Personal housing renovation loan refers to a loan that is issued for the purpose of family housing renovation, with the property and rights that the borrower or a third party owns or has the right to dispose of according to law as mortgage or pledge, or with the third party providing guarantee for the loan and assuming joint liability.
The renovation loan of China Merchants Bank can be distributed several times according to the renovation progress. The amount of each loan shall not exceed the approved loan amount, and each loan has the same loan term and repayment method.
First, the decoration loan conditions
The loan object is a natural person with China nationality and full capacity for civil conduct.
The loan object shall meet the following conditions:
1, identification
At least 18 years old, with local permanent residence and legal and valid identification.
2. Economic income
Have a proper occupation and stable income, and have the ability to repay the principal and interest of the loan when it is due. For the self-employed (that is, those who set up legal person institutions or other economic organizations by themselves, or hold more than 65,438+00% of the shares of the above-mentioned institutions, or whose main source of personal income is the operating income of the above-mentioned institutions), their repayment ability cannot be judged only by the income certificate issued by individuals. They should be required to provide relevant asset certificates, bank statements, financial statements, tax bill certificates and field surveys to understand their operating conditions and real financial conditions and comprehensively analyze their repayment ability.
3. Mortgage guarantee
Assets recognized by the bank can be provided as collateral, or a third party with sufficient compensation ability can provide joint liability guarantee.
4. Renovation contract
The Borrower has signed relevant renovation contract or agreement with the decoration company.
5. Housing certificate
Newly purchased houses are renovated, and information such as house sales contract (original), house purchase receipt or invoice shall be provided; If the original house is renovated again, the house ownership certificate shall be provided.
6. Other materials
Other conditions stipulated by the handling bank.
Second, the decoration loan processing
1, application
The borrower shall fill in the application form at the loan handling outlet with the following supporting documents:
* valid identity documents.
* Proof of marital status.
* Pledge and mortgage documents. Where a guarantor provides a guarantee, there must be a guarantee document.
2. Loan review
The bank investigates the borrower's guarantee, credit, etc. , according to the procedures for examination and approval, and notify the borrower of the examination and approval results.
Step 3 sign a contract
After the borrower's application is approved, it shall go through the following procedures:
* Sign loan contracts and corresponding guarantee contracts with banks.
* Notarization, insurance, mortgage (pledge) registration and other procedures.
4. Lending
After the borrower completes the relevant formalities, China Merchants Bank will release the loan to the borrower's personal account and transfer the loan to the relevant payee's account according to the borrower's entrustment.
Who can tell me which banks can handle decoration loans?
Basically all banks can handle it. However, the following loan requirements must be met:
The first is the application conditions. The borrower must meet the application conditions before he can apply for the decoration loan product. Mainly includes: the borrower's age is between 18 and 55; There is a local commercial house in the name of the borrower, the age of the house is not more than 15, and the area is more than 50 square meters; This decoration loan can only be applied for in the case of local commercial housing loans, but the loan requirements are not immutable, so when choosing loan products, we should first consult the requirements of lending institutions.
Secondly, the loan information, generally speaking, the decoration loan information mainly includes: the original (copy) of the borrower's ID card; Real estate license/mortgage contract; Details of social security contributions for nearly 6 consecutive months; This bank has been operating continuously for nearly six months. If there are some other materials, you should also prepare them completely, such as work certificate and income certificate.
Loan application process:
1). The borrower applies for a personal loan at the loan bank, submits the application materials, and the bank calls the borrower after receiving the materials. At this point, the borrower can consult the required information or other related contents in detail.
2) The borrower brings information to the bank to submit an application, and the bank staff will verify the information submitted by the borrower, if any. 3) After the approval of the bank, notify the borrower to sign a contract with the bank and go through the mortgage registration formalities. If there is no mortgage, you can sign the contract directly.
4) The bank issues loans and the borrower repays them in full and on time.
Data expansion
Decoration loan, also known as home improvement loan, refers to the personal credit loan launched by banks or consumer finance companies for the purpose of family housing decoration. In principle, the single loan amount of personal housing renovation loan issued by the bank shall not exceed 654.38 yuan +0.5 million yuan, and shall not exceed 50% of the total cost of renovation project. At present, there are two kinds of home improvement loans and a credit card installment form to apply for, as follows:
1, apply for personal credit loan decoration;
2. Personal consumption loan decoration loan. Consumer loans here refer to mortgage loans with certificates, that is, consumer loans with real estate as collateral. ;
3. credit card home improvement staging;
4. In addition to traditional bank loans, loans from consumer finance companies are also one of the options.