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.

In other words, whether you can refinance a vehicle loan depends on whether the applicant has the repayment ability, and has nothing to do with whether there is a car loan in your name. So, you can apply for another car loan in your name.

Extended data:

Processing channel

1, bank loan

Choose a bank loan to buy a car, the loan interest rate is moderate, and there are many kinds of cars to choose from. It takes time and energy to apply for a loan. In order to control risks, banks usually spend a long time reviewing and require applicants to submit a lot of information.

2. credit card installment payment

Credit card installment does not charge interest, which is convenient and fast. Sometimes banks can enjoy certain discounts when they cooperate with car dealership companies. However, it should be noted that although credit card installment does not charge interest, there is a handling fee. The higher the staging time, the higher the handling fee rate. The handling fee rate for more than one year will be the same as or slightly higher than the bank's consumer loan interest rate for the same period.

3. Auto Finance Company

Buying a car with a loan from an auto financing company is not only convenient and fast, but also has a low application threshold. As long as consumers have a certain repayment ability and pay the down payment, they can apply for a loan. However, consumers also need to pay attention to the fact that the loan cost for auto financing companies to buy cars is usually relatively high. In addition to paying the loan interest fee, there are a series of fees such as handling fees.

4. Microfinance companies

Buying a car through a loan from a small loan company has a low threshold, unlimited vehicle selection and a higher rate than that of a bank. The loan method and repayment method are more flexible, and the approval is slightly faster than that of banks.

Baidu encyclopedia-automobile loan