The term of auto loan is generally 1-3 years, and the longest is no more than 5 years. The following is an introduction to auto loans:

1. Loan object: The borrower must be a resident of the permanent residence where the loan bank is located and have full capacity for civil conduct.

2. Loan conditions: the borrower has a stable occupation, the ability to repay the principal and interest of the loan, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability.

3. Loan amount: The maximum loan amount generally does not exceed 80% of the price of the purchased car.

4. Loan term: The loan term for general automobile consumption is 1-3 years, with a maximum of 5 years.

5. Loan interest rate: uniformly stipulated by the People's Bank of China.

6. Repayment method: One-time repayment method and installment repayment method (equal principal and interest, equal capital) can be selected.

1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal given by the bank to consumers, that is, borrowers, for purchasing their own cars (non-profit family cars or commercial vehicles with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.

Second, the loan conditions

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Three, according to the provisions of the central bank, the benchmark interest rate of auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines the cost of people's loans and becomes an important factor in determining whether people lend.

Car loans are usually a few years.

How many years is the car loan? Which car loan is better? Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at special dealers.

How many years is the car loan?

There are many terms of auto loans, generally 1 year, 2 years, 30 months, 3 years, 4 years and 5 years. However, if you want to get a car loan for more than three years, you must consider two points:

1. It depends on whether the purchased vehicle belongs to a relatively high-value brand. Such as BYD, MG, Roewe, Skoda and so on. The longest loan period is three years, while other domestic brands only have three years. For more than 3 years, they are generally better brands with joint ventures, such as Volkswagen, GM and BMW.

This depends on the applicant's personal qualifications, and this depends on the individual. Such as top 500 enterprises, civil servants, doctors and so on. It's all easier, and small private enterprises and self-employed individuals are basically more difficult, but in the final analysis, it depends on personal qualifications.

Which car loan is better?

There are four ways to buy a car with a loan. Here are some ways to buy a car with a loan. I suggest you choose according to your actual situation.

1. Buy a car by installment with a credit card.

At present, the bank has launched a loan credit card specifically for buying a car, and the amount is generally between 200,000 and 200,000. Buying a car with a loan in this way basically requires no guarantee, and the procedure is relatively simple. The main advantage of credit card installment loan car purchase is that the approval is very fast, and some banks can complete the approval of credit card loan car purchase in 40 minutes at the earliest.

Because every bank that buys a car by installment with a household credit card has a corresponding cooperative brand and models that can enjoy the business, not all models can buy a car by installment, which is also a limitation of this method. However, compared with other loan methods, the so-called "zero interest rate" of credit card installment purchase will also cost a handling fee. Usually, the annual fee of 12 is about 5%, and the annual fee of 24 is about 9.5%.

2. Financial loans from automobile manufacturers

Ford has Ford Finance, GM has General Finance, and Mercedes-Benz will certainly lend you money by itself. This does not require any mortgage approval, nor does it need to prove how much money there is at home. You can basically sign a contract and decide to buy a car. People check that you have no crime or debt, that is, you can basically borrow money to buy a car, and your credit is good. To put it bluntly, the 4S shop will sell cars, so naturally it won't stop you.

Although this loan method is also very convenient, if it is not popularized, the interest should not be underestimated, such as 8% annual interest rate, 12% annual interest rate, 1 1% annual interest rate. However, if there is an activity period, the BMW 5 Series will be on sale today and the Great Wall Haval H6 will be on sale tomorrow, and the interest will be directly zero, that is, there will be no interest at all.

On the other hand, even if car manufacturers sell cars without interest or down payment, 4S stores can't do it for nothing, and there are handling fees. Therefore, even during the event, you must ask about the expenses of 4S stores and don't let their hidden consumption fool you.

3. Bank loans

Bank loans are the most troublesome because you don't need much at all. What loan contract, mortgage contract, guarantee contract, mortgage house and real estate will really triple your head in an instant. However, the bank loan interest rate is relatively low, and there are many kinds of cars to choose from. It's just that the review is strict and the procedures are cumbersome, and the small partners generally can't afford to hurt.

4. Financing lease loan

This is the simplest way, that is, before the car loan is paid off, the car is not yours and you only have the right to use it. Vehicle registration certificate, driving license, insurance, etc. All materials are owned by the financing company. If you don't repay the loan, you can take back the vehicle at any time. Of course, the interest rate is higher than before. If this method is not the last resort recommended by Bian Xiao, otherwise, if you meet an informal organization, you will really lose your wife and your soldiers.

To sum up, auto manufacturers' financial loans are most suitable for activities, which are not only free of interest, but also affordable. Especially for our domestic models, the concessions are very strong.

How many years does it take to buy a car by installment?

At present, the maximum loan period for car purchase is no more than 5 years. If the purchased vehicle is used for business purposes such as rental operation and car rental, the loan period is generally no longer than 3 years.

A loan to buy a car must meet the following conditions:

1. Car buyers must be at least 18 years old and be China citizens with full civil capacity.

2. The car buyer must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, and guarantee to repay the loan principal and interest on schedule.

3. During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the account of the bank savings counter.

4. Car buyers are willing to accept other conditions that the bank deems necessary.

Second, the information needed for the application.

1, the original ID card, residence booklet or other valid proof of residence, and provide its copy;

2. Proof of occupation and economic income;

3 car purchase agreement, contract or letter of intent signed with the dealer;

4. Other documents required by the Cooperation Organization.

Third, the application process

1, customer application

Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;

Step 2 sign a contract

After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate;

Step 3 lend a loan

After all the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer account by the bank according to the contract;

4. Repay on time

The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

5. Loan settlement

Loan settlement includes normal settlement and early settlement.

After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.

Extended data:

There are three ways to buy a car with a loan:

1, credit card purchase by installment

Credit card installment purchase is greatly limited in the amount and repayment interest rate. The credit card amount cannot exceed the credit limit of the credit card. Suitable for consumers who lack a small amount of car purchase funds. Some banks with stable income can complete the examination and approval in a few hours at the earliest, and generally have no household registration and property restrictions.

2. Bank personal car loan

The interest rate is relatively low, slightly floating on the basis of the benchmark interest rate of the central bank, and the examination procedures are complicated, which requires higher professional income and credit of lenders. Moreover, some banks have taken preferential measures such as reducing the down payment ratio, extending the loan term and lowering the loan interest rate according to the credit qualification of customers.

3. Auto financing company loans

Flexible repayment, simple procedures and faster lending. In terms of loan conditions, auto finance companies pay more attention to the personal credit of car buyers, taking education, income and work as reference standards, and do not need to pledge like banks, and foreign household registration will not become an obstacle to obtaining loans.