First of all, banks and enterprises work together to solve the "financial shortage" problem of consumers. In this regard, Ms. Liu admits that she is engaged in the dance training industry. In the past two years, she has been affected by the epidemic and has little money. The renovation cost is a little over budget. When Ms. Liu was struggling, she saw the "decoration loan" publicity display board placed by the decoration company. "If you have temporary difficulties, you can really consider applying for an installment loan for renovation." The staff of changji city Meisheng Decoration Engineering Co., Ltd. told Ms. Liu that after signing the renovation contract, she could apply to the bank for a decoration installment loan with renovation contract. In this regard, Ms. Liu said that if the decoration loan interest rate is low and the application is convenient, it can be considered. However, this money needs to be earmarked. After the hydropower transformation, some loans will be given, and the basic loans will be paid back after the completion of the bricklayer. As long as it is really needed, it is actually being renovated. Bank staff followed up to take photos and collect evidence, and the loan approval speed was very fast. ""Home improvement staging business is a service provided by our customers who have decoration needs. It uses pure credit to solve customers' financial problems. The installment interest rate is as low as 3.5%/ year and the longest is 5 years; At the same time, the Agricultural Bank of China, in conjunction with the home improvement company, will build a home improvement business circle to benefit customers and provide them with all-round home improvement services. "The relevant person in charge of the Agricultural Bank of China Changji Branch said. Recently, China Industrial and Commercial Bank Changji Branch and Changji Canoe Design and Decoration Engineering Co., Ltd. jointly launched the home improvement staging business. "After the customer applies for a home improvement installment loan, the interest in the first year will be paid to the bank by our canoe decoration for the customer. Customers can only pay the principal for one year without any other fees. Han, general manager of Changji canoe design and decoration engineering Co., Ltd. said. Second, loan decoration accounts for relatively few consumers. However, decoration loans provide consumers with more decoration options and have a certain audience. With the change of consumption concept, there is great room for growth in the future. "About 15% of customers who decorate here will use decoration loans. The decoration loan paid by the person in charge of changji city Decoration Engineering Co., Ltd. has solved the financial difficulties of some young customers who just bought a house or a car but have no extra savings to decorate their houses, and provided them with a way to decorate and move in as soon as possible. "Kang Cheng, Marketing Director of Changji Jubang Decoration Company, said. Third, the industry suggests rational choice. The staff of a bank in Changji said that although the decoration loan can solve the current decoration difficulties, the monthly mortgage plus decoration loan will really put pressure on the owners. Take the installment interest rate of 3.5%/ year as an example, apply for a home improvement loan of 654.38+ 10,000 yuan, and pay it off within five years, with a monthly repayment of 654.38+0.958 yuan. According to industry insiders, installment payment and decoration loans have become the "standard" for large home improvement companies. However, consumers should fully consider their repayment ability, choose rationally and pay attention to risks when choosing decoration loans and installment payments. You can't borrow more money than you can afford for a little profit. At the same time, the bank will require the lender to provide renovation contract and special invoices. Consumers will be punished if they are found to use loans for futures, stocks and other purposes. Related Questions and Answers: Related Questions and Answers: The renovation loan is 2.5%, with interest paid every month. What's the real interest rate? The annual interest rate of the renovation loan for the project is 2.5%, and the interest is repaid every month. When the principal expires, your effective annualized interest rate is 2.5%. If you calculate by 6,543,800 yuan, the total interest you pay in one year is 2,500 yuan, which is very cost-effective. But in reality, decoration loans rarely enjoy the policies you enjoy. Generally, there are the following situations, based on 6,543,800 yuan. The annual interest rate is 2.5%, with interest paid every month for one year. The actual annual interest rate is 2.5%, and the annual interest payment is only 2,500 yuan; The annual interest rate is 2.5%, and the monthly principal and interest are repaid for one year. Total monthly debt service:10122500/12 = 8333.34208.33 = 8541.67. The actual annualized interest rate of this repayment method is 5. The annual interest rate is 2.5% for three years, and the principal and interest are repaid in equal amount every month. The monthly repayment amount is:10/3625003/36 = 2777.78208.33 = 2986.11,and the actual annualized rate of this repayment method is 5.30%; The annual interest rate is 2.5% for five years, and the principal and interest are repaid in equal amount every month. The monthly repayment amount is10/6025005/60 =1666.67208.33 =1875, and the actual annualized rate of this repayment method is 4.73%; General credit loans are the above repayment methods. The bank said the annual interest rate was 2.5%. Depending on the repayment method and time, the actual annualized interest rate and the annual interest rate are completely different, just like the installment fee of a credit card. On the surface, it is relatively low, but after comparing the repayment method and capital utilization rate, the actual cost paid is higher than the apparent annual interest rate or fee. In the process of loan or credit card installment, you must read the terms clearly and choose the method that suits you best and the cost is most beneficial to you. I am Sunshine Finance 77, and I have many years of professional financial work experience. I am middle-aged, pregnant with two babies, and have experienced the ups and downs of life. I am willing to share my expertise in family finance and loan liabilities. Welcome everyone's praise and attention, and welcome to comment and share different views after the article!
Second, the decoration needs money, how to get a loan from the bank?
Personal small consumer loans seem difficult. . . Many banks are unwilling to do it.
You can consider lending in other names, such as running a business. It is better to borrow in the name of business.
Third, is the handling fee of 6 points for decoration loans reliable?
1, you are a normal decoration customer, as long as you apply for a decoration loan through the decoration company, there is no extra charge!
2. You are a cash customer, not a perverted decoration customer. There is nothing unreasonable about this service charge, as long as you can accept it.
3. The normal decoration loan is designated by the decoration company. After the loan comes down, the money is distributed by installment card, which can't be withdrawn, and can only be brushed out by the designated decoration company. At the same time, bank staff will take photos before, during and after the renovation to ensure the use of funds.
To sum up, look at your real use of funds.
Fourth, can decoration loans only be spent by credit card?
You can also withdraw the consumption, provide the final consumption certificate, explain the purpose, and use it for decoration, which does not exceed the requirements in the loan agreement.