1. Before you plan to decorate, you must apply for a decoration loan from the decoration company, and the decoration company will recommend a cooperative bank to you.
2. The decoration company submits your personal data to the bank for approval.
3. The bank will approve the loan amount according to the submitted information, which will not be lower than the loan amount you need. The results will be available in 3~5 days.
4. After the renovation, the bank will arrange the staff to take photos of the hydropower construction at the renovation site (don't fake it, the staff will locate it when taking photos), and the construction address should be consistent with renovation contract.
The bank can lend money after receiving the photos.
Now the market competition is more and more fierce, so many banks have begun to cooperate with decoration companies to promote loans. As long as you choose the decoration of the cooperative organization, you can get enough loans.
Take the renovation loan of CCB as an example:
1, personal credit is good, there is no overdue record, and the debt ratio is below 60%.
2. It can only be used for the decoration of the designated property, and proof of use is required.
Decoration loan introduction: the maximum amount can be millions, and the amount of different banks is different. Can be used for home decoration, soft decoration, main materials, furniture, electrical appliances and so on. The longest term is 60 months, with no mortgage guarantee, early repayment and no liquidated damages.
Matters needing attention in decoration loan
1. Personal housing renovation loan is a loan issued by the bank to the borrower for the renovation of its own housing. The house decoration mentioned here refers to the engineering activities of transforming and processing houses by using decorative materials. In other words, the property must be your own.
2. There are also some special requirements for house decoration loans. For example, there must be a house renovation contract, decoration budget and related materials signed with the decoration enterprises recognized by the relevant departments; Some banks also require owners to have no less than 30% of the total decoration budget, and then use the loan after investing in the project construction.
According to the regulations of the bank, personal consumption loans are generally not allowed to be withdrawn, and the bank will transfer the money to the account of the decoration company.
4, the loan period is generally not more than 5 years.