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,
What is a home improvement loan? Does the decoration company need to sign any agreement or contract with the bank?
At present, there are two kinds of home improvement loans and a credit card installment form, as follows: 1. Apply for personal credit loan for decoration. Credit loan is unsecured and unsecured. However, at present, more than half of the credit loan products on 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, so it is necessary to strictly examine the details of the applicant's job nature, industry, income status and so on. At present, personal credit loan products of banks such as Bank of Ningbo, Bohai Bank, Standard Chartered Bank and Citibank are favored by consumers. The credit loan amount of these banks is generally 5-8 times the monthly income, and of course the interest rate will be higher. 2. Decoration loan of personal consumption loan The consumption loan here refers to the mortgage loan with certificate, that is, the consumption loan applied for by real estate mortgage. As many banks are engaged in this business, consumers have a relatively large choice. However, banks have different requirements for mortgaged real estate in terms of house price, house age and real estate area. Consumers must do their homework before applying. If an individual owns one or more properties, he can try to apply, not only to get more loans, but also to have a longer term. However, the specific loan amount depends on the bank's review of consumers' personal qualifications and real estate status (geographical location, house price, real estate area and house age). 3. Credit card home improvement staging At present, in order to better meet consumers' demand for home improvement staging, some banks have launched credit card home improvement staging business, targeting people who live in large and medium-sized cities, just bought new houses, have no money to decorate and have good credit records. The upper limit of the general quota is 6.5438+10,000-200,000, and the maximum installment quota of a single product is 500,000. However, it should be noted that the applicants should be civil servants, teachers, full-time employees of banks, and middle and senior managers of companies with registered capital of more than 30 million. The general stage of home improvement is 12 months, 24 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, the services and products selected by consumers must be cooperative merchants of banks. If the selected merchants are not among the cooperative merchants of home improvement staging, they cannot apply for staging. With prerequisites, what other conditions do applicants need? Real estate! As a mortgage guarantee, buyers need to provide real estate licenses or real estate sales or pre-sale contracts, purchase invoices, bank loan contracts, etc. 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. 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. Edit the application conditions of home improvement loan in this section.
1. Have local permanent residence and legal and valid identification; 2. Have a proper occupation and stable income, and have the ability to repay the principal and interest of the loan at maturity. 3. The borrower can provide relevant asset certificates, bank statements, tax bill certificates, etc. 4. For newly purchased houses, materials such as house sales contracts and purchase invoices shall be provided (or materials such as house ownership certificates shall be provided if the original houses are renovated again); 5. Other conditions stipulated by the Cooperation Organization. Edit the relevant data of home improvement loan in this paragraph.
According to the results of the "Household Consumption Survey of Post-80s Generation" initiated by the All-China Federation of Industry and Commerce and Sohu Home in conjunction with the mainstream media in Beijing, nearly half of post-80s white-collar workers are more inclined to decorate 30,000 to 50,000 files under the pressure of rising house prices, and the cost of home improvement has formed a considerable gap with millions of house prices. Among them, 93% buyers are willing to make installment loans for home improvement, more than 60% consumers are willing to take credit card installment loans, and more than 80% consumers hope that loans can be interest-free. It is not difficult to see that, driven by the new consumption pattern, solving the decoration problem through financial tools has become a popular way for buyers. Edit this paragraph's notes on home improvement loans.
1. If you really need to decorate your home, you can go to various districts for home ownership guarantee. If you cash out, you can find an acquaintance of the home guarantee company for help, or find a mortgage intermediary or lending institution to handle it. 2. If someone can't sign the property right certificate on the spot, it needs to be notarized, and the notarization will entrust the mortgage of the house and the right to handle the loan to others. 3. Require the balance in the provident fund account of the main lender to be sufficient, generally 40% of the loan amount 1, and deposit it continuously for 6 months. Insufficient balance may lead to an increase in processing costs. 4. Generally, it is required that the area of the house to be renovated is more than 70 square meters. If the unit is good, it can be relaxed appropriately. The best room age is within 15 years, and it can be appropriately relaxed to 20 years if the unit is good. Failure to meet the above standards will lead to an increase in processing costs. 5. Shop around when handling, especially when the unit is normal. Generally, it is not difficult to apply for provident fund renovation loans. Any intermediary can do it and see which price is more affordable! 6. At present, the loan amount for renovation of provident fund is generally 1 1,000 yuan per square meter, which may be relaxed to 2,000 yuan per square meter in the future. And once it is opened to 2000 yuan per square meter, the handling fee will increase relatively. 7. Like normal commercial loans, decoration loans generally require the lender to have a good credit record. In the past, there should not be too many overdue records of credit repayment, otherwise the processing cost will increase. 8. Only after the renovation loan is paid off can you apply for a new provident fund housing loan. Therefore, if there is a demand for housing in the short term, it is not easy to make a provident fund decoration loan. 9. The loan was renovated two months ago, and cash needs to be deposited in the repayment account before it can be offset by the provident fund. After you get the loan, don't take all the money in your account, and leave a repayment limit of at least two months to avoid default. Edit this paragraph of CCB's home improvement installment business.
The cardholder applies to use his/her credit card (including Longka dual-currency credit card and Longka RMB credit card) to purchase goods or services in the cooperative home improvement merchants of CCB. After the approval of CCB, the cardholder pays the home improvement payment at the home improvement merchants of CCB through the special phased POS machine, and the corresponding transaction amount is divided into several periods on average. The cardholder shall repay the loan on a monthly basis within the agreed time limit and pay a certain handling fee as appropriate.
Features of CCB's home improvement installment business: convenient procedures. The storefronts of home improvement businesses can be accepted, and there is no need to sign complicated procedures. Preferential price. The discount of cooperative merchants is much lower than the bank loan interest rate in the same period. Exclusive quota. The maximum installment amount of home improvement can reach 200,000 yuan, which does not occupy the normal credit line. Flexible deadlines. Repay in installments for up to 24 months, and enjoy a warm home in advance. Easy financial management. The same goods in the store, the same price, the same benefits.
How to apply for a decoration loan
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 house.
(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!
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How to apply for a decoration loan?
It should be similar to buying a house loan. First, determine the decoration budget with the decoration company. At the same time, contact the bank and bring your household registration book, ID card and proof of income. If the bank agrees to the loan, you can go to the bank to sign a loan contract and use renovation contract as a mortgage. The details of each bank are different, so you should ask the bank clearly. The general bank may not give you a small decoration loan. After buying a house, you will naturally think of decoration. But most families will spend a lot of savings when buying a house, so it is more difficult to spend money on decoration. At this time, you can actually consider applying for a decoration loan. So, how to get a decoration loan?
1, house mortgage. If the borrower owns the mortgage of the house, he can apply for a decoration loan with the house as collateral. The advantage of applying for decoration loan with real estate mortgage is that the interest is not high and the amount is high. The disadvantage is that there must be real estate as collateral, and there are many audit steps to handle, which takes a relatively long time.
2. Personal credit loan. If the borrower has a stable and legal source of income, he can apply for a personal credit loan and decorate it with a credit loan line. Personal credit loan approval speed is faster, but the general amount will not be very high.
3. credit card installment payment. If your decoration company cooperates with a bank and you use this bank's credit card, you can use the credit card to get a decoration loan in installments. The advantage of credit card installment is that the approval process is convenient and simple. However, if you want to use a credit card for installment, you must have the cooperation between the decoration company and the bank. Decoration loan:
Also known as home improvement loan, it refers to the personal credit loan launched by banks or consumer finance companies for the purpose of family housing decoration, that is, unsecured credit loan.
Loan amount:
In principle, the single loan amount of personal housing renovation loan issued by the bank shall not exceed 654.38 yuan +0.5 million yuan, and shall not exceed 50% of the total cost of renovation project.
How to apply:
1, apply for personal credit loan decoration;
2. Personal consumption loans: consumer loans applied for by real estate mortgage; 3. Credit card home improvement installment: apply for credit card cash installment and choose home improvement building materials; 4. Internet finance application: apply for a loan from a finance company.
The above contents are for reference only, I hope I can help you. Thank you for your support. I wish you a happy purchase!
What conditions do decoration companies need to cooperate with banks to handle decoration loans?
1, decoration loan application conditions:
(1) has local permanent residence and legal and valid identification;
(2) Have a proper occupation and stable income, and have the ability to repay the loan principal and interest when due.
(3) The borrower can provide relevant asset certificates, bank statements, tax receipts, etc.
(4) Newly purchased houses need to provide information such as house sales contracts, purchase invoices, etc. (or the original houses that have been renovated again need to provide house ownership certificate materials);
(5) Other conditions stipulated by the Cooperation Organization.
2. According to the information released by China Consumers Association, in the first half of 20 18, the loss of consumer property caused by the "running away" of Internet decoration companies became one of the top ten complaint hotspots. "20 18, all kinds of complaints about' renovation loans' surged. Consumer finance itself is good, but if it is not standardized, it will amplify risks and directly harm consumers' interests.
Extended data:
Liang Lei, senior director of Hainan Branch of Postal Savings Bank, said that in order to do a good job in consumer finance and prevent risks, banks need to prevent and control illegal cases from the aspects of system and personnel, further improve the accountability management mechanism for authenticity verification, and prevent false management and false transactions. At the same time, it is necessary to strengthen fund management and guard against consumer financial risks.
To effectively resolve the risk of "decoration loan", banks should strengthen the control of the amount and use of decoration loans, ensure that the loan amount, the credit status of decoration owners and the actual demand for decoration are reasonably matched, and ensure that the actual use of funds does not change. At the same time, the financial supervision department should also pay close attention to the phenomenon of "decoration loan" similar to the Internet decoration platform, and adopt a differentiated approach to encourage innovation.