Some owners have no money left after paying the down payment for the house. At this time, they can go to China Construction Bank for a credit card decoration loan. However, the owners may not understand loans for decoration, so they dare not take out the loan easily. This has also resulted in many owners having houses, but unable to live in them because they cannot afford to renovate them. Next, let’s learn about the CCB credit card decoration loan application process and whether CCB decoration loans are cost-effective.

1. Application for CCB credit card decoration loan

1. Apply for a personal credit loan for decoration. The characteristic of this method is that it has high requirements for applicants, that is to say, the threshold is high. It is specially tailored for some special industries, VIP customers, and company managers. It is necessary to examine the nature of the applicant's work, industry, and income. Condition and other details, generally no mortgage is required, the loan amount is 5-8 times the monthly income, and of course the interest rate will be higher.

2. Personal consumption loans and decoration loans. This method is different from the former. It requires documents such as real estate and consumption, giving applicants a wider range of choices. However, each bank has different requirements for applicants in terms of housing price, age, and area of ??the property. Apply Investors can do their homework in advance. If they own one or more properties, they can try to apply. The loan amount is larger and the period is longer, but it will also be determined based on the review of the specific loan amount, personal qualifications and property status.

3. Credit card home improvement installment. Due to the limited financial affordability of applicants, many banks have launched a new, more user-friendly product, which is the credit card installment business. It is mainly targeted at people living in large and medium-sized cities who have just purchased a house and have no money to renovate it. However, applicants are required to Good credit history.

2. Construction Bank Credit Card Decoration Loan Process

1. The applicant fills out the application form at a CCB outlet and submits ID card, real estate certificate and other relevant materials;

2. CCB accepts the application and notifies the applicant of the approval result;

3. The applicant applies to CCB for a spending quota based on the progress of house decoration;

4. CCB issues the decoration quota To the credit card/special debit card account under the applicant's name;

5. The applicant uses the special debit card to make purchases at merchants designated by CCB, and repay according to the amount listed on the credit card statement.

3. Is CCB decoration loan cost-effective

1. CCB Meijia Loan. CCB is one of the four major state-owned banks and is well-known for its renovation loan business. Not long ago, CCB launched consumer loans that can be used for renovation purposes. The threshold is simple. As long as customers have applied for and been issued a housing loan with CCB, and have made normal repayments for more than one year and the loan has not been settled, without mortgage or guarantee, they can apply for a personal home decoration loan of up to 300,000 yuan from CCB. The specific amount is 30% of the house value, and the loan term is up to 3 years. This standard also applies to customers who purchase second-hand houses with CCB loans. As long as the repayments are normal for more than 2 years, second-hand housing customers can also apply for loans without mortgage or guarantee.

2. Decoration loan interest rate. CCB loan interest rates are based on market pricing principles. The bank will comprehensively price the loan based on factors such as the customer's credit standing and housing quality. Customers with good conditions will be able to get more favorable interest rates. Generally speaking, loan interest rates will fluctuate from the base interest rate.

Many people are resistant when they hear about loans. They think that loans are not a good thing and they will pay more to the bank. However, they may change their minds after understanding the specific operation process. The above is what we Introducing to you the CCB credit card decoration loan.