It costs a lot of money to decorate a house, and young people can choose decoration loans. Decoration loans can alleviate the economic pressure of owners. The decoration loan process is complicated, so it is best for the owner to know it well in advance, otherwise the loan will be difficult to be approved. Decoration loan is the welfare given to the owners by government departments, and the owners should take it seriously. The following small series takes you to understand the application process of decoration loans.

First, the decoration loan application process

1. When the borrower applies for a loan for housing renovation, he must apply at the business outlet where the business is started, fill in the application form, submit relevant materials and go through relevant guarantee procedures;

2. Sign a loan contract after investigation and approval by the account manager and approval by the competent examination and approval department;

3. The account manager handles the loan procedures and transfers the money to the borrower's personal settlement account in our bank, so that the customer can use the loan funds;

4. The borrower repays the loan at the business counter, or leaves enough repayment amount in the deposit account or bank card, and entrusts the loan bank to withhold the repayment;

4. After the loan is settled, the bank terminates the creditor-debtor relationship with the customer and goes through the relevant formalities.

Second, the decoration loan knowledge introduction

1. Borrowing money: As far as borrowing money is concerned, borrowing money from relatives and friends is a good choice, but if relatives and friends are short of money or temporarily inconvenient, it is not a good choice. The most important problem is that if the matter of borrowing money is not handled properly, the relationship between relatives and friends will be alienated.

2. Reduce the decoration standard: Although the problem of decoration budget can be solved, the quality after decoration may not be so satisfactory. It may lead to lower decoration quality, frequent home improvement problems and even family conflicts.

3. Decoration loan: First of all, you can borrow the money you need, which saves the trouble of human feelings compared with borrowing money from relatives and friends. At the same time, you can use the loan money to decorate, let the loan money flow and make your house better decorated.

4. Pure credit decoration loan: As the name implies, there is no need for mortgage and guarantee, only materials such as identity certificate, income certificate and address certificate are needed. This kind of loan is suitable for working people with stable income and good credit record.

5. Mortgage decoration loan: Applicants are required to use the renovated house as collateral, and users are required to provide ID cards, household registration books, real estate licenses and other documents. With the house as collateral, decoration loans can be obtained, up to 70% of the appraised house price. The interest rate is relatively low; Disadvantages: Some banks do not accept mortgaged houses as collateral to apply for mortgage loans.

6. Credit card installment payment: it is a new decoration loan model that has emerged in recent years. Many banks carry out related credit card business. Banks pay the decoration consumption funds to the merchants in one lump sum, and then let users repay them to the banks in installments. This kind of loan is mainly aimed at people who live in large and medium-sized cities, just bought a new house, are short of money for decoration and have a good credit record. The limit is generally 10 to 200,000.

I hope that the owners can master the process of decoration loan, and only in this way can they handle the decoration loan smoothly. There are many ways to borrow money for decoration, so you can learn more about it. The above is the decoration loan application process and decoration loan knowledge introduced by Bian Xiao.