There are several ways to apply for bank loans to buy a house, and housing decoration loans are no exception. What are the ways of bank housing renovation loans?
1. 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 workers with stable income and good credit record. The advantage is that the optional quota is flexible, convenient and fast; The disadvantage is that the interest rate is higher than the mortgage loan, which requires higher personal qualifications and the amount is relatively low.
2. Mortgage decoration loan: The applicant is required to use the renovated house as the mortgage, and the user is required to provide ID cards, household registration books, real estate licenses and other documents. With the house as the mortgage, the decoration loan can be obtained, up to 70% of the appraised house price. The advantage is that the interest rate is relatively low, but the disadvantage is that some banks do not accept mortgaged houses as collateral to apply for mortgage loans.
3. 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. The advantage is that the entry threshold is low and no mortgage is needed; The disadvantage is that the optional decoration companies are limited and the loan amount is low.
What are the precautions for decoration loans?
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. The special requirements in the house decoration loan are: the renovation contract, decoration budget and related materials signed with the decoration enterprise approved 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 withdraw cash. The bank will transfer the money to the account of the decoration company.
4, the loan period is generally not more than 5 years.
How to handle housing mortgage loan for decoration?
Real estate mortgage loan is used for decoration, and the handling method is:
Information required for real estate mortgage loan:
1. The borrower's valid ID card and household registration book;
2. Proof of marital status, unmarried persons need to provide proof of unmarried, and divorced persons need to issue a civil mediation or divorce certificate (indicating that they have not remarried after divorce);
3. If you are married, you need to provide your spouse's valid ID card, household registration book and marriage certificate;
4. The borrower's income certificate (salary income certificate or tax payment certificate for half a year);
5. Real estate title certificate;
6. Guarantor (ID card, household registration book, marriage certificate, etc. Is required).
The loan needs to pay lawyer's witness fee, mortgage registration fee, mortgage property insurance fee, property appraisal fee, etc.
It usually takes about 1 month to get a loan.
Process:
1. Apply for a loan from the bank (clearly stated for decoration);
2. After the acceptance of the bank, evaluate the value of the mortgaged property and approve the loan amount according to the evaluated value;
3. Sign a loan contract, etc. ;
4. Apply for real estate mortgage registration;
5. Bank loans.
Which banks can decorate loans?
Hello, you can apply for renovation loans in China Construction Bank, Agricultural Bank, China Bank, Industrial and Commercial Bank of China, Rural Commercial Bank, China Merchants Bank and Ping An Bank.
However, not everyone can apply for decoration loans, and they need to meet certain qualifications to apply. Because different banks have different policies, each bank has different application conditions.
The decoration loan is a pure credit loan, and there is no mortgage. The lender can get the decoration loan from the bank with his own credit. But a pure credit loan doesn't mean that you can borrow money from the bank at will.
Credit needs to be proved. You don't just say how good your credit is, the bank will believe that your credit is good. Before the bank gives you a loan, you need to produce evidence to prove your credit. For example, provide social security, provident fund, bank account number, purchase contract, purchase invoice, etc. They are all materials that can prove your credit.
For lenders, if their personal qualifications are excellent, they can choose banks with low interest rates and high loan quotas. If the lender's personal qualifications are not very good, priority should be given to banks with lower requirements for the lender's qualifications.
On the threshold of loan application, commercial banks are usually lower than the four major banks. If you want to talk about loan application amount or loan application interest rate, it is better to choose the four major banks than other commercial banks.
The four major banks are China Bank, China Construction Bank, Agricultural Bank, Industrial and Commercial Bank and so on. Dongguan Bank, Guangzhou Bank, Shengjing Bank, Three Gorges Bank, Changsha Bank, Chouzhou, Dongying City Commercial Bank, Baoshang Bank, Jiujiang Bank and other commercial banks.
I hope the above answers can help you!
How much can I borrow to decorate my house with a mortgage now?
Hello, in principle, the single loan amount of personal housing renovation loan issued by our bank does not exceed 654.38 yuan +0.5 million yuan, and does not exceed 50% of the total cost of renovation project. But the loan channels you choose are different, and the amount you can apply for is different.
I. Personal decoration loan
1, unsecured credit decoration loan
The loan amount of bank credit decoration is generally 5-8 times of the monthly income, and there is no mortgage or guarantee, but it has high requirements for the borrower's credit information. Banks will strictly examine the details of the applicant's job nature, industry, income, etc. Generally, only people in specific industries, VIP customers, and senior management of the company can apply. You can also try unsecured Internet brand credit products. For example, Youhuahua is the original Baidu financial credit service brand with transparent interest rate and trustworthy. Youhua Huawei Volkswagen provides personal consumer credit services and creates an innovative consumer credit model. The application materials are simple, the fastest time is 30 seconds, the fastest time is 3 minutes, and the maximum loanable amount is 200,000. It can be repaid in advance, and the loan can be recycled after repayment.
2. Mortgage decoration loan
Mortgage decoration loan is also a decoration loan applied for by real estate mortgage. There are many banks to carry out this business, and consumers have more choices. The general loan amount shall not exceed 70% of the appraised value of the mortgaged real estate. If mortgage is adopted, the maximum loan amount shall not exceed 90% of the value of the pledge right certificate. If there is a guarantor, the loan amount shall be determined according to the credit rating of the borrower or guarantor, and the maximum amount shall not exceed 600,000 yuan.
Second, credit card home improvement staging
In order to better meet the needs of consumers for home improvement by stages, some banks have launched credit card home improvement by stages, targeting people who live in large and medium-sized cities, just bought new houses, have no money to decorate and have good credit records. Generally, the loan amount that can be handled is 6.5438+10,000-200,000, and the maximum installment amount of a single product is 500,000. How much can I borrow for the decoration loan? Depending on the loan method you choose, the amount is different. But the specific amount still depends on the applicant's personal qualifications and repayment ability.
Click on the bottom of the mobile phone to calculate the amount immediately, and the maximum loan amount is 200,000.
Can I make a mortgage loan for house decoration?
1.
The common decoration loan is mortgage loan, in other words, real estate mortgage loan can be used to decorate the house. Lenders can choose the loan method according to their own money needs, because with real estate as collateral, the loan amount of this house mortgage loan will be higher and the loan period will be longer.
2.
However, when applying for real estate mortgage loan, only when the house meets the relevant mortgage loan conditions, does not undertake any loans, and has strong liquidity can it apply for real estate mortgage loan.
3.
The loan requirements stipulated by different lending institutions are different, and the specific circumstances require the borrower to implement them in accordance with the provisions of the relevant lending institutions. Therefore, before applying for a loan, the borrower can go to the local lending institution for detailed consultation and understanding in advance, and then make preparations for applying for a loan.