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According to the regulations of the bank, personal consumption loans are generally not allowed to be withdrawn, and the bank will transfer the money to the account of the decoration company.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.
Extended data processing process:
(1) To apply for housing renovation loan, the borrower must go to the business outlet to apply for starting a business, fill in the application form, submit relevant materials, and go through relevant guarantee procedures;
(2) Sign a loan contract after investigation and review 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;
⑤ After the loan is settled, the bank cancels the creditor-debtor relationship with the customer and goes through relevant procedures.
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