1. If you apply for a decoration consumer loan from a bank, both ICBC and CCB stipulate that the amount of a single loan should not exceed 1.5 million yuan in principle and not exceed 50% of the total cost of the decoration project; China Bank stipulates that the maximum loan amount shall not exceed 80% of the total cost of the renovation project. If the real estate is used as a mortgage loan, the loan amount will be higher, but most banks have to evaluate the mortgaged real estate, and the loan amount cannot exceed 70% of the assessed price of the collateral. If pledge is adopted, the maximum loan amount shall not exceed 90% of the value of the pledge right certificate; If there is a guarantor, the loan amount shall be determined according to the credit rating of the borrower or guarantor, and the maximum amount shall not exceed 600,000 yuan.
2. Pay the housing provident fund in full and on time, and the funds required for decoration are not large, and local regulations allow provident fund loans for decoration, you can apply for a single maximum of 50,000 yuan, and the loan amount does not exceed 80% of the total cost of the decoration project. However, the relevant regulations vary from place to place, and most of them do not support provident fund decoration loans.
3. Those who are eligible to apply for personal credit loans from banks for renovation, the maximum loan amount is generally 500,000 yuan.
4. If you hold a credit card and belong to one of civil servants, teachers, bank employees and company executives, you can also apply to the bank for a credit card installment loan. The general limit is100-200,000 yuan, and the installment limit of individual products can reach 500,000 yuan.
5. If you apply for a loan from a consumer finance company for large-scale consumption such as decoration, the loan amount shall not exceed 5 times of your monthly income.
6. Credit is your best passport if you apply for an online personal unsecured decoration loan. For example, the decoration loan launched by Ping An Direct Loan Service requires relatively simple conditions. The maximum amount of personal home improvement loan is 500,000, which can basically meet your needs.
The above interest rates are calculated according to the current commercial loan interest rate.