Housing Decoration Loan--------Ideal living for life

Housing Decoration Loan is a business in which the applicants for the purpose of decorating his or her living house, pay part of the decoration fee and apply for loan from the bank for the rest part, and repay the bank by installments.

1．Who is it for?

Natural Person with full capacity for civil conduct; the age of the applicant plus length of maturity should not exceed 70 years.

2 .Credit line, time limit and interest rates:

The longest length of maturity for a house decorating loan is 5 years, at 300,000RMB. Certain case fixed considering the loan way and applicant’s credit grade. The interest rate will be as per relevant regulations set by People’s Bank of China.

3. What needs to be done?

(1) Submit application documents for credit line assessment;

(2) Bank verifies the application and approves;

(3) Sign an agreement with the borrower a loan contract;

(4) Get the loan

(5) Repay the principle and interests as agreed;

(6) Once borrower has repaid the entire loan, the contract expires and loan registration cancelled

4. Documents to be provided by applicant for loan application:

(1) Personal Loan Application form

(2)Valid Identifications for the Applicant and co-owner, and Residence registration (Hukou)

(3) Property Ownership Certificate of the house to be decorated

(4) The House Decoration Contract and the Quotation signed by the borrower and the decoration company

(5) Testimonial for the first payment of the house purchased, original

(6) Testimonial of family income and assets;

(7) Other documents required.