With the popularity of credit cards, people's consumption psychology of getting what they pay for is gradually replaced by the consciousness of overdraft first, consumption first and repayment later. It's time to spend tomorrow's money on today's things. Staging consumption has been widely used now, such as mortgage, credit card, physical store mobile phone, JD.COM white strip, Alipay flower bud and so on. As an insufficient customer, loan decoration is still a good choice. However, how to calculate the loan interest? Bank decoration installment loan is the mainstream decoration installment loan at present. Almost all well-known banks such as CCB, ICBC and BOC have decoration loans, and the decoration platforms of larger decoration companies also tend to cooperate with banks to decorate installment loans.

From the bank's point of view, its calculation formula is: loan interest = loan amount, loan interest rate, loan term = loan amount, days and days, interest rate = loan amount, monthly interest rate = loan amount, annual interest rate. It is understood that at present, China Construction Bank's "home improvement loan" has three guarantee methods: credit, mortgage and pledge, and different loan interest rates and years are different. Among them, if you apply for a mortgage-free credit decoration loan, the loan interest rate will rise by about 10%-50% on the basis of the benchmark interest rate, depending on the applicant's comprehensive qualifications, and it is higher than the mortgage decoration loan interest rate.