Decoration loan refers to personal housing decoration loan launched by banks or consumer finance companies. In principle, the amount of a single loan issued by a bank shall not exceed 6.5438+0.5 million yuan, and at the same time, it shall not exceed 50% of the total cost of the decoration project. The longest loan period shall not exceed 5 years. The loan interest rate is based on the fixed interest rate stipulated by the People's Bank of China. That is, for less than 5 years (including 5 years), the annual interest rate of the loan is 4.77%.