Many people only know about housing loans, but are not very clear about decoration loans, such as application conditions, loan amount, loan term, loan interest rate and so on. Among them, the loan interest rate is what everyone is most concerned about. After all, they are all liabilities, and the less negative, the better. So, which bank has the lowest interest rate for renovation loans? Let me give you a brief introduction.

Which bank has the lowest interest on renovation loans? Generally speaking, the loan interest of the four major commercial banks is relatively low. After all, they are strong and supported by the state, but the lowest interest rate will not be lower than the benchmark interest rate of the central bank or the quoted interest rate in the loan market, that is, the LPR interest rate. 1. The renovation loan of China Bank can be phased in, which can be used for renovation services and purchase of furniture and household appliances. The longest installment period is 8 years (that is, 96 installments), without interest, but the corresponding installment fee will be charged according to the installment. If the cooperative home improvement installment merchants have product quality problems, they can apply for a refund and refund the installment fee in the same proportion. 2. China Industrial and Commercial Bank's decoration loan can be a pure credit loan, with the longest installment of 3 years and the maximum loanable amount of 800,000 yuan. The minimum loan interest rate of LPR fluctuates with the market; You can also choose a mortgage-based housing consumption loan, with a maximum loan of 10 million yuan and a maximum repayment of10 year. 3. Decoration loan of China Construction Bank, namely home improvement loan, can provide both housing mortgage loan and home improvement consumption loan, with the maximum loan amount of 6,543.8+0,000 yuan and the longest loan period of 5 years. The loan interest rate shall be subject to the provisions of CCB and the actual approval result shall prevail. 4. The renovation loan of the Agricultural Bank of China can choose the individual comprehensive consumption loan for housing renovation consumption, with the maximum loan amount of 5 million yuan and the longest loan term of 10 year. The lowest loan interest rate can enjoy the loan market quotation in the same period, that is, LPR interest rate, and the lower limit of interest rate is very low. The above is about "which bank has the lowest interest rate for renovation loans". In fact, as long as the lender's comprehensive qualifications are good, the loan risk is low for banks, and the interest rate will not be very high no matter which bank you find for decoration loans.

Second, I borrowed a decoration loan from ICBC for ten years and paid it back in five years. I want to pay it off at once and start over.

You can pay off the loan in one lump sum, but it is recommended to change the use, otherwise it will not be approved.

Let's see what others say.

3. What does it mean that China Construction Bank applied for a five-year renovation loan but received the news that it was valid for six months?

In other words, the renovation loan you applied for needs to be used within six months and needs to be reapplied.

The longest validity period of the renovation loan of CCB is 5 years. If the renovated house is not occupied by the owner, the maximum validity period of the loan is 3 years. From this perspective, the validity period of the decoration loan is determined according to the type of house. It doesn't mean that the lender wants to apply for 6.5438+0 million in a few years. If the house that needs to be renovated is still paying the mortgage, he can still borrow 300 thousand.

For the interest-free decoration loan of China Construction Bank, as long as the applicant signs a decoration order with the decoration company and then goes to the company for designation, it is required that there is no bad credit record at first.

1. Applicant 18-60 years old, with full capacity for civil conduct.

2. Have a local permanent residence or a foreign residence but

3. Have a fixed residence.

4. Have a stable job and income.

5. There are certificates such as the Family Decoration Project Contract signed with the decoration enterprise.

6. Have a current savings account in CCB.

7. Being able to provide the guarantee recognized by China Construction Bank.

8、

Under the condition of meeting the above loan conditions, the borrower needs to prepare his valid identity certificate, personal income certificate, copy of business license and qualification certificate of decoration enterprise, decoration project contract signed with the court, contract for purchasing home decoration materials and other materials required by CCB, and go to the bank to handle it.

The renovation loan of China Construction Bank is granted to individual customers. The starting point of the loan is 5,000 yuan, and the longest loan period is10.5 million yuan. The longest loan period is 5 years. If the loan is installed, the longest loan period is 3 years. Therefore, it is completely feasible to apply for a renovation loan of 654.38 million yuan within five years.

If the loan interest rate of China Construction Bank is implemented in the same period, it will fluctuate within the prescribed range according to local policies and conditions. Therefore, the loan interest rates in different regions may be different. If calculated according to the benchmark interest rate of the central bank, the annual interest rate of five-year loans is 4.75%.

4. Which bank can pay off the decoration loan in ten years?

China Industrial and Commercial Bank, China Construction Bank and China Bank are all acceptable.