ICBC vehicle mortgage loan conditions:

1. The applicant should be a natural person with full civil capacity and be between 18 (inclusive) and 60 (inclusive) years old.

2. The applicant has a legitimate occupation and a stable source of income, and has the ability to repay the principal and interest of the loan on schedule.

3. The applicant has no illegal behavior or bad credit record.

4. Be able to provide valid rights pledge or collateral recognized by the bank or a third-party guarantee with the ability to compensate.

5. Open a personal settlement account with ICBC and agree that ICBC will deduct the principal and interest of the loan from the designated personal settlement account.

6. Other conditions stipulated by ICBC.

Application process:

1. The borrower applies for a car mortgage loan to ICBC. At this time, it is necessary to submit relevant information, such as ID card and its copy, vehicle driving license, Work certificate, bank statements, etc., as well as other conditions required by ICBC.

⒉. After the borrower submits the materials, the bank will review them. Whether it is a new car or a second-hand car, it will be evaluated. If the loan amount exceeds the bank’s appraisal value, it will definitely not be approved. In this case, the loan amount must be reduced, or Provide other collateral.

3. After the borrower's conditions all meet the bank's regulations, the two parties will sign a loan contract, a guarantee contract, and mortgage registration procedures. After all the procedures are completed, the bank will issue the loan.

4. When lending, if it is a new car mortgage loan, the money will be transferred directly to the car dealer's account; if it is a personal car mortgage, the bank will transfer the arrears directly to the personal account. , after individuals receive the debt, they need to repay it on time as agreed.

There is generally no interest when applying for a car loan, but the handling fee for a car mortgage loan will be very high, and the handling fee will not be refunded for early repayment after applying for a mortgage loan for a new car. New car mortgage loans also require you to purchase insurance from specified places, which is very detrimental to the borrower.

ICBC car mortgage loan means that the borrower uses his or her personal vehicle as a mortgage, which is suitable for individuals or families. In addition to buying a house, other cars for consumption or business purposes can be mortgaged. The vehicle is mortgaged to obtain a loan, and the repayment method is an equal amount of principal and interest or an equal amount of principal.