1. Industrial and Commercial Bank of China: ICBC provides renovation loans, and you can use provident fund loans for renovation, which is very convenient. Secondly, housing loans are most suitable for ICBC’s existing housing loan customers. If the renovation loan is applied in the name of mortgaged house, the second mortgage should be applied for at ICBC, not the credit. The amount is approximately 15% of the property value, with an annual interest rate of 2.7%. The provident fund is the same, very low, and the loan term is 5 years. Commercial banks have the lowest interest rates, which are lower than mortgage interest rates.
2. China Construction Bank: Monthly interest rate is between 0.27%-0.37%, repayment period is 5 years, unsecured, pure credit loan. CCB is a good bank for renovation loans. There are several options for CCB renovation loans, such as CCB credit card plans, provident fund plans or mobile plans. Existing customers of CCB’s mortgage and credit card customers are all high-quality customers. Regardless of traffic volume, CCB's credit card limit has been expanded by 6 times, and the provident fund base has been expanded by about 50 times. The simple process plan relies on the interest settlement process and has relatively high requirements. Banks that can provide renovation loans include Ping An Bank, Bank of China, and Agricultural Bank of China. The Bank of China is also a credit company, and the Agricultural Bank of China is a secondary mortgage, with higher or lower requirements. Not much to say here.
1. Housing provident fund refers to state agencies and institutions, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises and institutions, private non-enterprise units, social groups and their employees Contributions to long-term housing savings. It has the characteristics of safety, mutual assistance and long-lasting effect. It is mainly used by employees to purchase, build, remodel, overhaul and decorate their own homes or pay rent.
2. What are the general requirements for provident fund loans
1. The provident fund payment base is greater than 2,400, and the provident fund payment period is 2 years. The higher the contribution base of a few provident funds, the higher the amount;
2. The company is preferably a public institution, or a state-owned enterprise, a large enterprise, and preferably a bank whitelist enterprise;
3. Bank loans generally have relatively high requirements for credit reporting, so the credit reporting must be good. The credit card limit utilization rate within 2 years is less than 70%, the credit card status is normal, and there is no overdue credit card. It is better to use a banking institution for a loan.
Warm reminder: Decoration loans can be applied for through provident funds. Provident fund loans can be said to have the lowest interest rates among current credit loans.