There is now a growing focus on renovation loans, with the attendant problem of which bank should people apply for renovation loans? Here, we may wish to comb this out。

How do you apply for the renovation loan

First, the construction bank is a good option, with medium- and long-term investment credit, and relatively more users than other banks applying for renovation loans from the construction bank。

Next, let's focus on the Bank of China. The Bank of China, which is mainly involved in foreign exchange operations, also has higher requirements for applicants. But as long as you have all kinds of materials that are favourable to the bank's assessment, such as wage or micro-trust, good credit, and the Provident Fund Social Security, the loan is basically safe。

Turning to the Agricultural Bank, the Bank ' s audit focuses on good credit, and applicants need to prepare basic documents such as identity cards, property certificates and letters of credit reports to be able to obtain loans。

Finally, the Bank of Commerce and Industry, which is primarily responsible for urban business credit, has a lower application threshold and is suitable for applicants with a slight lack of information。

So what are the specific application steps

First, the applicant is required to submit a loan application with all the necessary materials to the bank's main store where he applies for a loan for renovation; second, the bank is required to review your application, after which you are required to sign a loan contract with the bank and perform a series of other procedures, such as notary and mortgage insurance; third, the bank is required to place the money in your personal account; and fourth, you are required to deposit the amount of the payment at the agreed time, pending automatic deduction from the bank。