Decoration loan, also known as home improvement loan, refers to the unsecured credit loan for family housing launched by banks or consumer finance companies. In principle, the amount of individual housing renovation loans issued by banks should not exceed 6.5438+0.5 million yuan, and at the same time, it should not exceed installation loans. There are two forms: applying for personal credit loan or personal consumption loan for decoration loan and credit card installment payment.
There are two kinds of decoration loans and a credit card installment application, such as
1. Apply for personal credit decoration loan:
Credit loans are unsecured and unsecured, but more than half of the credit loan products in the market have higher requirements for consumers, or the threshold for asset certification is higher, or people in specific industries, VIP customers and senior managers of the company can apply, and details such as industry and income status must be strictly handled. Consumers prefer personal credit loan products of banks such as Bank of Ningbo, Bohai Bank, Standard Chartered Bank and Citibank. The credit loan amount of these banks is generally 5-8 times the monthly income, and of course the interest rate will be higher.
Paragraph:
The consumer loan here is mortgaged by real estate. As many banks are engaged in this business, consumers have a relatively large choice.
However, banks have different requirements for products, so consumers must do their homework before applying. If an individual has a set or applies, not only will there be many loans, but also the term will be long. However, the specific loan amount depends on the audit of the production of silver (geographical location, house price, real estate area, house age).
3. Credit card home decoration by stages:
In order to better satisfy customers' credit card home improvement business, some banks aim at people who live in large and medium-sized cities, just bought new houses, have no money to decorate and have good credit records. The maximum installment amount for a single product is 500,000. However, it should be noted that more than 30 million companies with civil servants, teachers and banks are required to be middle and senior managers. It usually takes three months, and the longest is 36 months. For the list of domestic banks that can apply for home improvement by stages, please check the personal loan product selection of Easy Loan China in 2009.
Applying for credit card installment home improvement will also be subject to certain restrictions, that is, consumers must choose cooperative merchants of banks. If the selected merchant is not a cooperative merchant of home improvement staging, what conditions does the applicant need to meet? Real estate! As collateral, buyers need to provide real estate licenses or real estate sales or pre-sale contracts, purchase invoices and banks.
Consumers must be clear about the provisions of bank home improvement by stages, such as credit limit and consumption limit, repayment problem, liquidated damages and other issues. Once you have handled the credit card home improvement stage, you should also pay attention to product quality and after-sales service. After all, once the money is given, it is easy to solve the quality problems in the decoration process in time.
4. Loans from consumer finance companies:
In addition to traditional bank loans, loans from consumer finance companies are also one of the options. Consumer finance companies provide personalized financial products for customers such as commercial banks and credit cards. In fact, this kind of consumer credit has existed in foreign market economy for more than 400 years, and the relevant laws and regulations on consumer credit have been quite perfect. Different credit has different targeted laws to regulate it. However, China's consumer credit laws are not perfect and the market maturity needs to be improved. After being transplanted from abroad to China, consumer finance companies need to continue to explore ways in concrete practice.
Consumer loans (durable consumer goods and general consumption purposes) provided by consumer finance companies shall not exceed 5 times of personal monthly income. The guarantee method is unsecured and unsecured, so consumers do not have to worry too much about the guarantee method. Due to the inherent advantages of fast loan approval and short loan cycle, consumer finance companies have largely made up for the slow approval of bank loans.
Encourage and guide financial institutions to increase innovation in consumer credit products. In 2006, CITIC Bank and China Bank launched individual housing loans with fixed interest rate and floating interest rate, Guangdong Branch of Agricultural Bank, China Everbright Bank and China Merchants Bank successively launched fixed interest rate mortgage loans and mixed interest rate loans, and Shanghai Pudong Development Bank launched consumer loan products such as "universal repayment method". Increase investment in housing renovation loans and large-scale durable consumer goods loans. In the whole year, loans for housing renovation increased by 765.438 billion yuan, and loans for large-scale durable consumer goods increased by 727 million yuan, effectively stimulating the rapid growth of related consumer markets.
Second, is it good for ICBC to stage home improvement?
Apply for ICBC decoration loan. If you are a mortgage customer, you can get the loan as soon as one week. Non-ICBC mortgage customers can generally approve loans within 7- 14 days.
If it is your first time to apply for an ICBC renovation loan, you need to pay special attention to the above three requirements: individuals need a stable source of income, good credit and no excessive debt. If the three requirements are met and relevant materials are provided, the application will be easier to pass.
3. Which is better, decoration loan or credit card home improvement installment?
You can calculate it, or let the bank tell you which one pays less interest.
Fourth, briefly introduce the advantages and disadvantages of new house decoration loans and home improvement staging.
Usually, after buying a house, it needs decoration, but some owners have no money to decorate their new houses after borrowing money to buy a house. At this time, it is recommended to apply for a new house decoration loan or credit installment from the bank. New house decoration loans and home improvement stages are based on home improvement consumption scenarios, but they are different.
1, guarantee method At present, many banks have new housing decoration loan products. Owners who apply for loans by mortgage or pledge shall provide guarantee certificates or pledged property certificates and all certificates when handling renovation loans.
Home improvement is more convenient by stages, and credit guarantee is the only demand. You don't need all the collateral, just ID cards, income certificates and other materials.
2. Approval efficiency is only used for credit staging by credit guarantee, and face-to-face signing is not required. All approval processes can be operated on the mobile phone, with simple process and fast approval speed.
The new house decoration loan adopts various guarantee methods, and generally more materials need to be reviewed when handling, so the approval process will be more complicated and the approval process will be longer.
3. The loan amount for new house decoration is relatively high. Taking China as an example, it is stipulated that the maximum loan for renovation of new houses cannot exceed 80% of the total cost. With real estate mortgage loans, the loan amount shall not exceed 70% of the assessed real estate; If the method adopted is pledge guarantee, then the loan amount for new house decoration cannot be greater than 90% of the pledged amount; If someone acts as a guarantor, the renovation loan amount is determined according to the grade credit of the guarantor or borrower, and the maximum is no more than 600,000 yuan.
The amount of credit installment is much lower.
4. The term of fixed-term credit installment is relatively short, and the longest is basically no more than 3 years, that is, 36 installments.
The loan amount for new house decoration is high, and the corresponding loan period is also long, ranging from 5- 10 years at the longest.
New house decoration loans and credit staging have their own advantages and disadvantages, and consumers can choose according to their own conditions in the process of choosing. The bank has complicated procedures and long approval time, but the decoration loan amount is high, which is suitable for users with large loan amount and no urgent time limit. The credit installment application has low requirements and simple procedures. If the decoration is urgent, the loan amount will not be large, and it is more appropriate to choose home improvement by stages.
Tubatu Online provides you with "every decoration quotation, 1-4 local decoration companies, 3 sets of decoration design schemes" and the decoration pit avoidance strategy for free! Click this link:/Zhu Ye /zxbj-cszy.php? to8to _ from = SEO _ zhidao _ m _ jiare & amp； Wb, you can get it for free ~