Loan conditions:

Personal loans for home decoration individuals, must meet the following conditions: one, with full civil capacity of the natural person; 2, there is a local account or a valid permanent residence status, have a fixed and detailed address; 3, there is a legitimate occupation and a stable and reliable sources of income, credit worthiness, good schedule with the ability to repay the loan principal and interest; 4, in principle, required to hold with the lender approved by the decoration of home decoration companies signed an agreement or contract and renovation project budget tables; 5, providing the lender approved by Property arrived, pledge or third-party guarantee, the guarantor for the loan were approved with the compensatory ability of the individual or unit, jointly and severally liable; 6, in the designated bank lenders of home decoration there are no less than 30% of total% of the deposits that or self-and paid 30%% or more of the renovated section of the proof; 7, the implementation of the other lenders under the loan terms. Loan term, interest rates and limits:

home loans refinance period is generally one to three years (including three years), specific period of time were determined according to the nature of the borrower. Home improvement loan interest rate provisions of the PBOC and the corresponding grade of lending rates. Term of the loan within one year (including one year), according to the contract interest rate interest-bearing and met the statutory interest rate adjustments, the interest rate unchanged; loan maturity of more than one year and met the statutory interest rate adjustments, according to the People’s Bank on the interest rate adjustment provisions of interest rate adjustments. Payment method to take “equal principal Law”, that is, both the amount of debt service on a monthly basis. The maximum amount of home renovation loan of 5 million, and home decoration projects shall not exceed 70%% of total. Loan without the lender directly into the decoration of contract engineering companies. If by means of mortgage lender real estate loans, mortgage loans up to 60%% of total housing.

How to apply for home loans refinance?

Apply for home renovation loan borrowers, the lender shall submit a written loan application, complete the relevant application form and submit the following documents, certificates and information: one, personal and spouse’s ID card, residence booklet and other original documents valid residence; 2 , lenders approved to stabilize the economy with a stable job and proof of income; 3, to provide the lender approved by the decoration business agreements or contracts signed by the decoration and renovation project budget tables; 4, or pledge assets as collateral, the should provide collateral, quality materials and dispose of the list of people (including the property owner) signed the consent of mortgage, pledge promise or statement. To be submitted on the collateral value issued by the power sector assessment report and the insurance sector, insurance documents, collateral materials are required to provide proof of ownership documents. Third-party guarantee should be issued by the guarantor agreed to guarantee a written document, the credit certification materials; 5, no less than 20% of the total renovation% of China’s bank deposit certificates, or have self-financing to pay the total project cost of more than 20%% proof of payment; 6, large high-grade decoration decoration in principle, required to provide enterprise business license (copy), qualification certificate (photocopy); 7, lenders and other required documents and materials.

In order to guide consumption, Bank of China Yantai, in cooperation with the Byzantine decoration, condition good borrowers to apply for home loans refinance, half of the amount available to design fees, renovation completed evacuation cleaning time and other benefits while providing a Byzantine decoration companies in the Group buy cards, can enjoy the retail price of 5%% of the preferential treatment. In addition, VIP Gold Card holders of Bank of China of high quality (reputation) customers, Byzantine decoration companies to give loans to discount offers.

2. In addition to credit cards and home loans, the borrower’s personal credit report also includes information recorded in a variety of social security, such as whether the timely payment of telephone, water, electricity, gas fees, the cost of public utilities, information on an individual’s credit report will be reflected in out, the banks in assessing whether borrowers meet the loan requirements will be easy to check out, so borrowers have to develop in the normal details of life in the accumulation of individual good credit habits, to avoid bad credit.