1. How much can be borrowed for decoration loans

Hello, in principle, the single loan amount of personal housing decoration loans issued by banks shall not exceed 150,000 yuan, and at the same time, it shall not exceed the total amount of the decoration project. 50 for the fee. However, depending on the loan channel you choose, the amount you can apply for will also be different.

1. Personal decoration loan

1. Unsecured credit decoration loan

The bank credit decoration loan limit is generally 5-8 times the monthly income, unsecured There is no guarantee, but the borrower’s credit requirements are high. The bank will strictly examine the applicant's job nature, industry, income status and other details. Generally, only people from specific industries, VIP customers, senior managers of the company, etc. can apply. You can also try unsecured credit products from big Internet brands. For example, Youqianhua is the original Baidu financial credit service brand with transparent and trustworthy interest rates. Youqianhua provides personal consumer credit services to the public and creates an innovative consumer credit model. The application materials are simple, the fastest is approval in 30 seconds, and the fastest loan is issued in 3 minutes. The maximum loan limit is 200,000. You can repay in advance, and after repayment, the amount can be restored and you can borrow money on a recurring basis.

2. Mortgage decoration loan

Mortgage decoration loan is a decoration loan applied for using real estate as mortgage. There are many banks that carry out this kind of business, and consumers have more choices. big. Generally, the loan limit shall not exceed 70% of the appraised value of the mortgaged property. 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 you find someone to guarantee, the loan amount will be determined based on the credit rating of the borrower or guarantor, and the maximum shall not exceed 600,000 yuan.

2. Credit Card Home Improvement Installment

In order to better meet consumers’ home improvement installment needs, some banks have launched the credit card home improvement installment business, targeting people living in large and medium-sized cities. Just now People who are buying a new home, have no money to renovate it, and have a good credit record. The loan amount that can be processed is generally 100,000-200,000, and the maximum installment amount for some products is 500,000. How much you can borrow for a renovation loan depends on the loan method you choose, and the amount is also different. However, the specific amount depends on the applicant’s personal qualifications and repayment ability.

Click below on the mobile phone to measure the amount immediately. The maximum loan amount you can borrow is 200,000.

2. The maximum amount of renovation loan you can borrow

You just have the money in hand to buy a house in full. If the renovation is not enough, you can actually go to the bank to apply for a renovation loan. The application method is also very simple. The applicant only needs to bring the real estate certificate, the couple's ID card, a work certificate, and the main lender's personal credit record to have no bad records, and the application can be processed normally.

When applying for a house decoration loan, it is recommended to choose from among the state-owned banks, Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank. Because the decoration loan processing methods of these three banks are simple and basically the same as the credit card processing method, the applicant must wear relevant Just go to the bank counter to apply for the information (renovation loans from other commercial banks are not recommended because of the high interest rates and cumbersome processing methods).

Age requirement: 23-60 years old, including 23 and 60 years old.

Interest rates: The three banks have slightly different interest rates, Agricultural Bank of China has an interest rate of 2.9 months, China Construction Bank has an interest rate of 3.3 months, and Industrial and Commercial Bank of China has an interest rate of 4.0 months.

Loan period: Agricultural Bank of China can choose from 1 to 5 years, China Construction Bank can choose from 1 to 3 years, and Industrial and Commercial Bank of China can choose from 1 to 3 years.

Maximum limit: Agricultural Bank of China 100,000-500,000, China Construction Bank 100,000-300,000, Industrial and Commercial Bank of China 100,000-1 million.

The time from application to loan: Basically, it takes 7-10 working days, and the loan speed is slow.

When applying for home decoration loans from the above three banks, bank staff need to come to the site to inspect, review and take photos to determine whether the loan is used for decoration. When applying for a decoration loan, it is recommended to consider the Agricultural Bank of China because the interest rate is low. The method is simpler than the other two (ICBC does not handle it in some areas).

To sum up: In fact, whether it is a fully paid house or a second-hand house, you can go to the bank to apply for a decoration loan normally. There is no need to find any intermediaries or bank acquaintances. When you go to the bank, you don’t know which window to apply for. The applicant can apply directly. Just ask the bank Datang Economics (no fees will be incurred during the application process, and there is no need to purchase insurance products, wealth management products, etc.).

The above is all my sharing and opinions. I hope it can help you to leave a message and comment if you have missed anything.

3. How much money can be borrowed for decoration loan

No more than 150,000 yuan, depending on the amount that can be borrowed

1. If you apply for decoration from the bank For consumer loans, the limit for Industrial and Commercial Bank of China and China Construction Bank shall not exceed 50% of 150,000 yuan; for Bank of China, the limit shall be 80% of the total cost of the decoration project. If a real estate mortgage is used for a loan, the loan amount obtained will be relatively high. The mortgaged real estate must be evaluated and the loan amount cannot exceed. If a pledge is used to guarantee the loan, the maximum loan amount shall not exceed 90% of the value of the pledge right certificate; if you find someone to guarantee, then The loan amount is determined based on the credit rating of the borrower or guarantor, and the maximum cannot exceed 600,000 yuan.

2. If you can apply for a provident fund loan locally, the amount will be 0 at the same time. Unfortunately, most areas do not support provident fund renovation loans. If you meet the conditions for a loan for renovation, the maximum loan amount is generally 500,000 yuan. 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 renovation loan from the bank. Generally, the installment limit can reach 500,000 yuan.

3. How to calculate interest on bank consumer loans? Interest is calculated based on the loan principal, loan interest rate, loan term, and different repayment methods. The interest rates of bank consumer loans are all floating on the basis of the benchmark interest rate. At present, basically all banks are floating. For example, the personal consumption loan interest rate of China Construction Bank is at least 10% higher, and most banks have a floating rate of 10%. 3 General interest rates for consumer loans

Conditions to be met when applying for a renovation loan

1. Valid proof of identity;

2. Yes, and have the ability to repay the loan when due Ability to pay principal and interest;

3. Certificates, bank statements, tax receipts, etc.;

Proof of house ownership should be provided if the house sales contract, house purchase invoice, etc.

4. How much can I borrow for decoration loan?

1. The maximum bank personal decoration loan does not exceed 150,000.

When an individual applies for a home decoration loan from a bank, the maximum loan amount that an individual can apply for is generally 150,000. At the same time, when applying for a decoration loan, the applicant also needs to prepare a certain amount of funds.

2. Credit card home improvement installments can reach up to 200,000.

Currently, many banks can handle credit card home improvement installments. Individuals can apply for credit card home improvement installments, and the maximum loan amount they can handle can reach 200,000. However, the specific amount depends on the applicant’s personal qualifications and repayment ability.