If you have a job, you can apply for a mortgage if you can pay the down payment.

Mortgage loan for buying a car

Buying a car by mortgage means that the borrower who applies for buying a car pays part of the down payment first, and the lender issues loans to the car buyer in installments to pay the rest.

Application conditions:

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Application materials:

1. Original ID card, household registration book or other valid proof of residence, and provide its copy;

2. Proof of occupation and economic income;

3 car purchase agreement, contract or letter of intent signed with the dealer;

4. Other documents required by the cooperation agency.

After you have provided these procedures for mortgage car purchase, you need to meet some other conditions before you can apply for car purchase:

1. Have valid identification and full capacity for civil conduct;

2. Can provide a fixed and detailed address certificate;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Application method:

1. Buying a car (using real estate as collateral) is a real estate mortgage loan. Generally speaking, a car can be purchased with a mortgage loan of up to 5 years, with a down payment of over 30%. The interest rate is mainly determined by your loan type and your personal qualifications.

2. Personal credit loan to buy a car (unsecured and unsecured, generally requires you to have good credit and stable work income). This form of loan can generally be used for 5 years (the company can only borrow for 3 years) and the down payment exceeds 30%.