Many friends know that you can get a loan for buying a house, but in fact, you can also get a loan for decoration. There are many ways to get renovation loans, and different ways have different approval limits. So how much can you generally borrow for a renovation loan? We bring you four commonly used renovation loan methods. If you want to renovate, you must take a closer look.

1. Apply for a decoration loan from a bank. If you apply for a decoration consumer loan from a bank, both Industrial and Commercial Bank of China and China Construction Bank stipulate that the single loan amount shall not exceed 150,000 yuan in principle, and shall not exceed the total cost of the decoration project. 50. The Bank of China stipulates that the maximum loan amount shall not exceed 80% of the total cost of the renovation project; if a real estate mortgage is used for a loan, the loan amount obtained will be relatively high, but most banks have to evaluate the mortgaged real estate, and the loan amount cannot exceed the mortgage amount. 70% of the property's appraised value; if a pledge is adopted as a guarantee, the maximum loan limit shall not exceed 90% of the value of the pledged right certificate; if a guarantee is provided, the loan limit shall be determined based on the credit rating of the borrower or guarantor, and shall not exceed 600,000 yuan. How much you can borrow for a renovation loan will generally be affected by the regulations of the bank you choose.

2. Personal credit loan for decoration. If you are qualified to apply for a personal credit loan from the bank for decoration, the maximum loan limit is generally 500,000 yuan.

3. Provident Fund Decoration Loan How much can you generally borrow for a decoration loan? From the provident fund perspective, if you can apply for a provident fund loan locally, you may apply for a single payment of up to 50,000 yuan, and the loan amount cannot exceed 80% of the total cost of the renovation project. Unfortunately, most areas do not support provident fund renovation loans.

4. Credit card installment decoration loan. If you hold a credit card and belong to one of the categories of personnel, such as civil servants, teachers, bank employees, company executives, etc., you can also apply for a credit card installment decoration loan from the bank. The general limit is 100,000-200,000 yuan, and the installment amount for individual products can reach 500,000 yuan. Editor's comment: How much can you borrow for a renovation loan? The answer is to choose different loan channels, which will lead to different loan amounts. So, which of the above methods is suitable for you? If you have other loan needs, you might as well take a look. With the same amount and the same three-step application, you can quickly be matched with a credit manager in one minute to help you solve your loan problems. Are you interested?