The materials that the lender needs to submit for the loan car purchase procedure.
1. ID card account book
2. Loan application form
3. Housing certificate
4. Personal income certificate
5. The guarantor's ID card and household registration book must be original and duplicate.
First, do you need to investigate the mortgage loan of the first-hand house?
Investigation is definitely necessary, whether it is second-hand or first-hand.
1. Check the applicant's ID card and household registration book (blue printed household registration book can also be applied, but there are certain conditions). If family members and immediate family members participate in the loan, the bank should also check the ID card and household registration book. If the spouse does not participate in the loan in the same account, a marriage certificate is also required. Applicants who request provident fund loans must also provide proof of timely payment of provident fund.
2. Check the economic repayment ability of the applicant. Generally, banks need to determine the loan term, so their economic repayment ability is determined by looking at the applicant's effective working years. If the applicant is five years away from the legal retirement age and the time limit for applying for provident fund loans is ten years, then the bank will not approve it. Of course, there are many early retirements and layoffs now, and this factor is difficult to determine.
Second, mortgage loan.
1. The so-called mortgage means that the mortgagor transfers the property right to mortgage, and the beneficiary, as the repayment guarantor, immediately transfers the involved property right to the mortgagor after the mortgagor pays off the loan, and the mortgagor enjoys the right to use in this process.
2. The mortgage car cannot be mortgaged in principle, because it has been mortgaged to the lending institution, and it is impossible to apply for a second mortgage. But don't forget, at present, car mortgage is usually a loan company, and the loan conditions of loan companies are generally not so strict. Can you find some loopholes that can be successfully handled?
It is understood that at present, there are indeed a few loan companies that will accept mortgage loans from mortgage cars, but they just need to meet some conditions. First of all, the mortgaged vehicle must have loanable space. For example, suppose your car can be mortgaged up to 70%, but you only borrowed 50% when you bought a car. Plus, after you repay the loan for a period of time, there may be 30% to 40% room for loan. Some loan companies will give a loan amount of 20% to 30% of the vehicle value according to the borrower's comprehensive qualifications. However, it is best to have a large loanable space for easy handling, otherwise the application is likely to fail.