The decoration loan is also called the home improvement loan, which refers to the personal credit loan launched by the bank or consumer finance company for the purpose of home housing renovation. So how do families make loans? The following decoration home decoration network Xiaobian will bring you detailed knowledge of the renovation loan for your reference. How to renovate the loan: 1. Personal housing renovation loan Commercial banks' personal loans include the personal housing renovation loan business, which requires the lender to provide bank-approved assets as collateral guarantees, or a third party with sufficient compensability to provide joint liability guarantees. To apply for this loan, you need to issue a decoration contract, a house sale contract, a purchase receipt or an invoice. 2. Personal unsecured loans You can choose some personal unsecured loans that banks push. The procedures for loans are relatively simple. You only need to issue personally relevant income certificates and other materials to apply for loans. The loans can be used for decoration, purchasing home appliances, holding weddings, traveling honeymoons, etc. . 3. Consumer finance company Loans issued by consumer finance companies also do not require mortgages and guarantees. Since the amount of loans issued is relatively small, usually five times the monthly income of the lenders, the speed of loan approval is also very fast. 4, credit card installment payment New people can also use the credit card home installment payment function, can purchase goods and services at the cooperative home improvement merchants designated by various commercial banks, and then apply for installment payment to the bank credit card center. Application conditions for the renovation loan: 1. Have a local resident account and legal and valid identification; 2. Have a legitimate occupation and stable income, and have the ability to repay the principal and interest of the loan. 3. The borrower can provide relevant asset certificates, bank statements, tax certificate certificates, etc. 4. For the newly purchased residential decoration, the housing sales contract, purchase invoice and other information should be provided (or the original housing should be provided with proof of housing ownership); 5. Other conditions as stipulated by the cooperation agency. Application materials for renovation loans: When a lender applies for a renovation loan, it generally provides the following materials to the bank: 1. A valid ID card and proof of permanent residence issued by the neighborhood committee to prove their identity and permanent residence; 2. Proof of occupational and personal income issued by the unit, stable work certificate for six consecutive months and above (or self-provided wage flow bills in recent months), to prove their repayment ability; 3. Real estate license (required for mortgage), used for mortgage of real estate; 4. Bank deposit statement, water and electricity and other tax forms to prove their credit quality; 5. The materials such as the “renovation contract†and “contract of decoration materials†signed by the decoration enterprise prove the loan use; 6. A copy of the business license and qualification certificate of the decoration enterprise, to prove whether the partner is within the specified range; 7. Other conditions required by banks or financial institutions. Reluctance conditions: 1. It does not have the qualifications and basic conditions of the loan subject; 2. Producing, operating or investing in products and projects that are prohibited by the state; 3. Violation of national foreign exchange regulations; 4. The construction project shall be submitted to the relevant department for approval according to the state regulations without obtaining the approval document; 5. The production, operation or investment project has not obtained the permission of the environmental protection department; 6. In the process of implementing institutional changes such as contracting, leasing, joint venture, merger (merger), cooperation, separation, transfer of property rights, and reform of shareholding system, the original loan debts are not settled, the original loan debts are implemented, or corresponding guarantees are provided; 7. There are other serious illegal business activities Note on renovation loan: 1. The personal housing renovation loan is a loan issued by the bank to the borrower for the decoration of the owner's house. The term "housing decoration" as used herein refers to the engineering activities of decorating and processing the house using decorative materials. That is to say, the property must be its own. 2. The special requirements for housing decoration loans are: housing decoration contracts, decoration budget calculations and related materials signed by the decoration and decoration enterprises approved by the relevant departments; some banks also require owners to have no less than 30% of the total renovation budget. Self-owned funds, and invested in project construction before using the loan. 3. According to the regulations of the bank, personal consumption loans are generally not allowed to withdraw cash. The bank will send the money to the account of the decoration company. 4, the loan period is generally not more than 5 years More related wonderful reading: Is it a good application for a public housing renovation loan? how to apply? Is the decoration loan cost-effective? Which way is the decoration loan good? How to apply for a renovation loan? Renovation loan application process How to apply for a second-hand housing loan? Second-hand housing loan process How to buy a house? Loan buying process Sideboard Cabinet,Narrow Sideboard,Cheap Sideboards,White Buffet Cabinet BOSA FURNITURE CO.,LTD. , https://www.bosafurniture.com
