In today's society, buying a house has become almost everyone's demand. I finally saved enough money to buy a suite, and after buying a house, I found that I had almost no savings. What about the decoration of the house? Don't worry, the decoration loan will help you. Next, China Travel. Bian Xiao introduces three ways to apply for personal housing renovation loans, which you can choose according to your actual situation. Application method of personal housing decoration loan 1: After buying a house with bank consumption loan, the buyer can apply for personal housing decoration loan from the bank with the newly purchased house. The loan amount is capped at 7% of the mortgaged property valuation, and the lender needs to provide specific renovation contract and budget. Personal housing renovation loan application method 2: In addition to mortgage loans, property buyers can also try. You can also borrow money for decoration without mortgage guarantee. Cash loans and happiness loans promoted by foreign banks such as Standard Chartered and Citigroup are unsecured loans, which can be handled only by providing corresponding income certificates and other documents, and can be used for decoration, car purchase and tourism. , the maximum loan is 500,000. Personal housing renovation loan application method 3: use the excess mortgage credit line. After repaying part of the loan, the buyer uses the excess credit line. If the total mortgage loan for house purchase is 500,000, after a certain repayment period, 300,000 loans need to be repaid, and an additional credit line of 200,000 can be used. With this amount of 200,000, you can apply for a decoration loan from the bank. After buying a house, it is natural to decorate it well. By applying for a house decoration loan,
How to handle the decoration loan?
Housing renovation loan application process:
1, customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time.
2. Sign the contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate.
3. issue loans. After the bank has approved and completed all the formalities, the bank will issue the loan according to the contract.
4. Repay on schedule. The borrower shall repay the principal and interest of the loan according to the repayment plan and repayment method agreed in the loan contract.
How to borrow a decoration loan? What channels can I apply for?
Decoration loans have become very common. Generally, when decorating, apply for loans from banks or housing accumulation funds. What is the specific process?
How to borrow a decoration loan?
Method 1: Housing provident fund renovation loan
Take Minsheng Bank as an example. Individuals who pay the provident fund 1 year or more and pay 500 yuan or more every month can apply for a credit loan, which can be used for decoration, without mortgage, and the loan interest rate is low. It is a good loan method.
How to handle it: individuals must meet certain requirements before they can apply to the bank.
Method 2: credit card installment payment
With the popularity of credit cards, many people will choose credit cards in stages to meet their consumption needs when buying a car or decorating.
How to handle it: the decoration company and the bank have cooperation and can only apply if they meet this condition.
Method 3: mortgage loan
Taking real estate or car as collateral can also be used for loan approval. The biggest advantage: the handling fee is cheap and the loan interest rate is low.
If you apply: you need to take the real estate as collateral, and the procedures are complicated and the cycle is long.
Method 4: E-commerce decoration loan
The rise of e-commerce also extends to the field of loans. Now there are special e-commerce decoration loan products on the market. Simple and convenient procedures, suitable for young people.
How to handle it: Apply in official website. It is not popular all over the country.
Method 5: Consumer loan
Simple audit and quick lending have become the first choice to solve the capital demand. Decoration is one of the uses. The range of independent choice is large, but the handling fee and loan interest rate are high.
How to handle it: the salary is up to standard and the personal credit is good. All major banks and small loan companies have this kind of business.
What are the application materials for house loan decoration?
Application materials:
(1) Original and photocopy of legal identity documents (resident identity card, household registration book or other valid residence documents);
(2) The name on the borrower's house ownership certificate or house use certificate;
(three) the economic income certificate issued by the unit;
(four) the construction contract of the house renovation project;
(5) If it is a mortgage loan, it is required to have the property right certificate of the mortgaged property, the list of pledged property, the certificate that the disposer agrees to mortgage or pledge, and the appraisal report of the mortgaged property;
(six) the guarantor agrees to provide a written document of guarantee and the guarantor's credit certificate;
Application conditions:
(a) with permanent residence in cities and towns or valid residence status;
(2) There is a property right certificate or a certificate issued by the house property unit that the borrower has the right to use the house; If the property right of the house you want to decorate is your own, you must have a property certificate. If it is a unit house, you need to prove that you have the right to use it.
(three) a stable occupation and income, good credit, and the ability to repay the principal and interest of the loan on time.
Decoration loan process
Decoration loans need to prepare personal and housing-related information, fill in the application form and apply to the bank. The following is the application process:
(1) Fill in the personal housing renovation loan application form.
(2) Provide valid certificates and photocopies (valid residence certificates such as resident ID card and household registration book).
(3) Home decoration project contract.
(4) Proof of economic income recognized by the bank.
(5) Provide house property certificate or house sales contract or pre-sale contract of commercial housing.
(6) Mortgage guarantee information: list of collateral, ownership certificate (commitment letter of property owner) and collateral evaluation report.
(seven) other information that needs to be provided.
Precautions:
1. Some commercial banks have specially launched decoration loans, and most banks classify decoration loans as personal consumption loans or personal unsecured loans. The application is faster, but it requires good credit and stable monthly income. It is best to be a lawyer, teacher, civil servant and other high-quality industries.
2. If you have a provident fund, you can apply for a provident fund decoration loan, but the procedure is more complicated.
How to borrow a decoration loan
How to borrow low loans for decoration? Which bank is more affordable?
1, Bank of China
As one of the four major banks, the loan interest rate of China Bank is still relatively low. Generally speaking, if the loan term is within one year (including one year), the interest will be calculated according to the interest rate agreed in the contract, and the interest rate will remain unchanged when the legal interest rate is adjusted; If the loan term is more than one year, in case of legal interest rate adjustment, it shall be implemented according to the provisions of the People's Bank of China on interest rate adjustment.
According to China Bank official website's explanation, the renovation loan interest rate started.
2. China Construction Bank
The monthly interest rate of the renovation loan of CCB is between and, and the repayment period is 5 years. It's a pure credit loan with no mortgage. There are several options, you can choose several schemes, such as CCB credit card scheme or provident fund scheme or running water scheme.
3. Industrial and Commercial Bank of China
ICBC can directly apply for a provident fund renovation loan, with the annual interest rate starting. If you apply for a renovation loan in the name of a mortgaged house, it is a secondary mortgage in ICBC, not a credit, and the amount is about 15% of the value of the house. The annualized interest rate of the provident fund is also low, both of which are very low.
Generally speaking, the loan interest rate of state-owned banks is slightly lower than that of joint-stock commercial banks. When choosing a loan bank for decoration, the lender usually takes the mortgage bank as the standard, which is easier than going to other banks for decoration loans and the interest rate will be lower.
The above is the relevant content sharing of "How to borrow low loans for decoration"? Which bank is more affordable ",I hope I can help you!
Before, I also needed business turnover. I used several products. In fact, every small loan platform has an internal application entrance, with low interest, convenient payment and high quota! Scan the code below to enter the QR code!
So much for the introduction of how to mortgage the decoration loan.