Loan object and conditions:
1. Meet the basic requirements of our retail loan customers.
2. Foreigners or residents of Hong Kong, Macao and Taiwan must also meet the relevant requirements of the state for foreigners when purchasing commercial housing.
3. Have the ability to repay the loan principal and interest on time. The borrower's monthly loan expenditure should be controlled below 50% (inclusive), and the monthly debt expenditure should be controlled below 55% (inclusive).
4. Personal car loan customers must be local residents where the institution is located.
5. Age plus loan period shall not exceed 60 years old. If two or more applicants apply for a loan, the loan term can be reasonably determined according to the actual situation, but at least 1 the borrower is not over 60 years old.
6. Other conditions stipulated by this institution.
amount of loan
1. The maximum loan amount is 2 million yuan.
2. The maximum loan amount shall not exceed 80% of the price of the purchased vehicle (excluding various additional taxes and premiums).
3. The maximum amount of individual car loan for imported cars shall not exceed 70% of the price of the car purchased (excluding various additional taxes and premiums).
deadline
The loan term is generally not more than 3 years, and the longest is not more than 5 years (including the cumulative term after the loan extension).
Loan guarantee letter
1. The third party guarantees and mortgages the purchased vehicle in the whole process.
2. Insurance companies provide full performance guarantee insurance.
3. Professional guarantee companies provide full guarantee.
4. The phased guarantee and mortgage for the purchase of vehicles
5. Only mortgage the purchased vehicles.
6. Only provide natural person guarantee
7. Please refer to the specific product regulations for products with different protection methods. For those who can use multiple guarantee methods, try to use our better guarantee method.
(See the second question for details of various guarantees.)
If you have any other questions, please visit "Online Customer Service" (website: /cmu/icslogin.aspx? from = B& amp； Logincmu=0), we will serve you wholeheartedly! Thank you for your concern and support for China Merchants Bank!