First, you need to understand the four major banks when buying a house loan.

1. Bank of China Limited

Bank of China has a credit loan business called Youke Installment for customers. Generally, the down payment for buying a house is 50, with a maximum of 300,000. After paying off the mortgage, you can apply. If the approval is successful, the bank will give you a card. For large purchases (such as purchasing building materials, furniture, home appliances, etc.), you can swipe the card directly. It can be repaid in up to 5 years, with a monthly interest rate of 3.2.

In addition, Bank of China also has a credit loan business called "Love Home Installment". This product is aimed at customers who are renovating their houses, as long as the house is in a rough state or is being renovated. Regardless of whether the mortgage loan is handled by Bank of China or not, you can apply. However, this requirement is for actual decoration, and the account manager will inspect the property on site. The quota is calculated based on the housing area, 2,000-3,000 per square meter. The loan will be credited to the account of the designated decoration company and will be spread over a maximum of five years. The interest rate is the same as that of Youke, which is above 3.

2. Industrial and Commercial Bank of China

This is the legendary "Journey to the Universe", which has been leading the entire banking industry. Their mortgage loan is called card installment, and the interest rate is around 3. This product is only for the bank’s mortgage customers. It is not an application by the customer, but an invitation from the bank. If your mortgage repayment is in good condition, you will enter what is commonly known as a whitelist, and you can see the pre-approval limit in the bank's backend. Many branches will call or send text messages to these customers, and just provide the corresponding information according to the instructions. An outstanding advantage of card installment is that there is no need to see the house on site. It should be noted that the pre-approval limit is not 100 because there is a certain delay in the banking system. For example, overdue credit reports for the current month are generally not reflected in the credit report, and the specific results are subject to final approval.

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CCB has three credit loan products for mortgage customers: quick loan, installment loan, and housing finance. Quick loans are proactive credit extensions. If you have mobile banking services, you can see your credit limit when you enter the loan application. The repayment method is to repay the interest first, then the principal, with interest calculated on a daily basis. It supports loan repayment, with an annual interest rate of about 5, and the money is directly loaned to your savings card account.

Instalment is for large purchases. If a mortgage customer has a pre-approved limit, they can also see it on mobile banking and apply online or at an outlet. After passing the review, they will give you a large credit card, which you can swipe when you need to make purchases. The maximum term is 5 years, and the normal monthly interest rate is 4.5. Sometimes there will be promotions and the handling fee will be discounted. The final Anzhu Finance is similar to the Aijia installment of Bank of China. It is a decoration loan and requires on-site viewing of the house. The interest is 3.8.

4. Agricultural Bank of China

The Agricultural Bank of China’s decoration loan product was just launched this year. Anyone who is a mortgage loan customer of the Agricultural Bank of China can apply. It is also an installment of up to 5 years, with a monthly interest rate of about 3. If you hold an event in September, the lowest price is only 2.5, which is quite a bargain. This also requires real decoration, and the account manager needs to visit the house on site.

Second, if you can save decoration costs

1. Make a plan before starting.

Any home improvement project is an essential and appropriate plan. When your budget is tight, its necessity increases tenfold. After all, no one wants to find the perfect sofa only to find out they don’t have enough money to pay for it. Doing more errands in advance will greatly reduce the possibility of unpleasant surprises along the way.

First, find your design inspiration. Look in magazines and online to find design styles you want to emulate. Then, break the project down into its components—flooring, furniture, paint, accessories, and decor. Browse the store to get the components of these concepts for how much they cost. Be sure to consider any associated costs, such as hiring labor. Once you have a price point, look at your finances together and honestly examine how much it will cost you. If the amount is lower than your project's price point, set aside an appropriate amount each week until you reach your goal.

It may take longer than paying with a credit card, but you'll thank you

It's time to let you in on one of interior design's biggest secrets: Color is the cheapest. Compared to other interior design elements, painting costs only pennies, and accessories like throw pillows cost even less. The right color fill will make your space appear taller. Make sure you pick a color you like and pick up some free color palettes from your local home improvement store. Once you've narrowed it down to a few choices, you can pick a sample of each.

3. Decorate your room with furniture

Prioritize the soft furnishings part of your home improvement budget. In interior design, this means setting aside a large portion of your budget to purchase high-quality furniture. Furniture is a wise choice to spend money on because it is likely to last for years to come. Different paint colors will go out of style or accessories, whereas the shine of good furniture may last for decades. Once you have the bed and wardrobe in your bedroom to make up your bedroom suite, half the work is done. You just need to add a little decoration to the room.

4. Semi-finished wooden furniture saves money.

As much as you want to invest in good furniture, you can. If you're on a tight budget, buy semi-finished wood furniture and paint or stain it yourself.

5. Consider purchasing furniture at discount stores.

Regardless, if you need to buy ready-made furniture on a budget, don't be afraid of second-hand stores or discount stores. When buying second-hand goods, quality is more important than fashion. Inspect every inch of the construction quality block. You can do it yourself and give a rusty mirror a fresh coat of paint, or buy different lampshades to help you find the right interior design for you. Related questions and answers: