Calculation method of car mortgage loan:

1. If you apply for a loan with the purchased vehicle or other real estate mortgage, the down payment amount shall not be less than 30% of the purchased vehicle, and the loan amount shall not exceed 70% of the purchase price of the vehicle;

2. If a bank or insurance company applies for a loan in the form of pledge or provides a joint liability guarantee, the down payment amount shall not be less than 20% of the vehicle price, and the loan amount shall not exceed the vehicle price. 80%;

3. If you apply for a loan using a third-party guarantee (except banks and insurance companies), the down payment amount shall not be less than 40% of the vehicle value, and the loan amount shall not exceed 60% of the vehicle value.

One million car purchase subsidies