Shanghai's Public Housing Fund Center said yesterday that homebuyers can now apply for an additional mortgage loan for interior decoration.

Loans up to 1,000 yuan (US$125) a square meter are available after submitting a contract from a decoration firm. The loans are capped at 70 percent of a home's total decoration expense.

The combination of a mortgage for both home purchases and decorations can be no more than 70 percent of the total sales price of the residence, the center said.

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