Decoration loan refers to the personal housing decoration loan issued by a bank or a bank, which cannot exceed the simultaneous decoration. 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%.

Second, what is the basis for the decoration loan amount?

1. According to the applicant's overall qualifications, including credit information, credit standing, work, income, etc., determine a comprehensive quota level, and finally complete the examination and approval. 2. After reviewing the overall qualification of the applicant, refer to the actual average price level of the local decoration industry and give the decoration loan amount according to the actual area of the house to be renovated by the applicant. 3. Refer to the renovation contract provided by the applicant and the decoration payment shown in the agreement to give the corresponding decoration loan approval amount. Home improvement loans, also known as decoration loans, refer to personal credit loans launched by banks or consumer finance companies for the purpose of family housing decoration, that is, unsecured credit loans. In principle, the single loan amount of personal housing renovation loan issued by the bank shall not exceed 654.38 yuan +0.5 million yuan, and shall not exceed 50% of the total cost of renovation project. There are two kinds of home improvement loans and one credit card installment form to apply for, as follows: 1. Apply for personal credit loan decoration; 2. Personal consumption loan decoration loan. Consumer loans here refer to mortgage loans with certificates, that is, consumer loans with real estate as collateral. ; 3. credit card home improvement staging; 4. In addition to traditional bank loans, loans from consumer finance companies are also one of the options. There are two kinds of decoration loans and one credit card installment form to apply for, as follows: 1. Apply for personal credit loan. The credit loan for decoration is unsecured and unsecured, but more than half of the credit loan products in the market have higher requirements for consumers, or the threshold for asset certification is higher, or people in specific industries, VIP customers and senior managers of the company can apply, and the details of the applicant's work nature, industry and income status should be strictly investigated. Consumers prefer personal credit loan products of banks such as Bank of Ningbo, Bohai Bank, Standard Chartered Bank and Citibank. The credit loan amount of these banks is generally 5-8 times the monthly income, and of course the interest rate will be higher. 2. Decoration loan of personal consumption loan The consumption loan here refers to the mortgage loan with certificate, that is, the consumption loan applied for by real estate mortgage. As many banks are engaged in this business, consumers have a relatively large choice. However, banks have different requirements for mortgaged real estate in terms of house price, house age and real estate area. Consumers must do their homework before applying. If an individual owns one or more properties, he can try to apply, not only to get more loans, but also to have a longer term. However, the specific loan amount depends on the bank's review of consumers' personal qualifications and real estate status (geographical location, house price, real estate area and house age).

Three, how to calculate the housing renovation loan, how to determine the loan amount.

Yes, even if you have borrowed money to buy a house, you can still apply for a decoration loan.

Decoration loan, also known as home improvement loan, refers to the personal credit loan launched by banks or consumer finance companies for the purpose of family housing decoration. If you have a provident fund, you can try to apply for a provident fund decoration loan; If your personal work and income are relatively stable, then you can also try to apply for a personal credit loan (unsecured and unsecured) for renovation.

4. How much can I borrow for the decoration loan?

The maximum amount of a single renovation loan of a general bank cannot exceed 50% of the renovation cost; In addition, according to the different loan methods, the loan amount that can be applied for is as follows:

I. Personal decoration loan:

1. Unsecured credit decoration loan: Unsecured credit loan has high requirements for the borrower's credit reporting and relatively strict review. Generally, only people in specific industries, VIP customers, senior management personnel of the company can apply, and the loan amount of unsecured credit loans is generally 5-8 times the applicant's monthly income;

2. Mortgage decoration loan: Mortgage decoration loan generally requires the applicant to apply for decoration loan with real estate license as mortgage. This loan method has no more restrictions on users, and the loan amount generally cannot exceed 70% of the appraised value of mortgaged real estate; In addition, there are ways to pledge and find someone to guarantee the decoration loan, the amount of which cannot exceed 90% of the value of the pledge right certificate, and the maximum loan for finding a guarantor cannot exceed 600,000 yuan.

Second, credit card home improvement installment: Some banks launch credit card home improvement installment business for people who just bought new houses, have no money to decorate and have good credit records. The loan amount of this business is 6,543,800+10,000 ~ 200,000 yuan.