The applicant has applied for a renovation loan of 50,000 yuan. If it is divided into 36 installments, it is necessary to repay the principal of about 1, 388 yuan per month. The loan interest of 50,000 yuan is about 2,650 yuan, which is divided into 36 installments, and the monthly interest is about 73.6 yuan. The renovation loan of 50,000 yuan will be paid off in three years, and the monthly payment will be about 146 1.6 yuan.