Can I get a loan for a car I bought with a loan?
Among them, before the loan is paid off, the car bought by the loan cannot be used to borrow from the bank in principle, because the mortgaged car belongs to the lending institution and only has the right to use it, and the ownership of the car is not entirely in the owner's name. For collateral with unclear property rights, banks will not accept mortgages, and it is not feasible to obtain mortgage loans.
In addition, even if there is full ownership of the car, the bank usually will not accept automobile mortgage, because the car depreciates quickly and the risk is high, so the bank will not accept it. Car mortgages are basically loan companies other than banks. But different banks may have different regulations and flexible methods. Consult the applicant bank for details.
Can banks make small loans?
Microfinance is a comprehensive consumer loan with individuals or enterprises as the core. The loan amount is generally more than 6,543,800 yuan and less than 200,000 yuan. The treatment process generally needs to be guaranteed. Microfinance is an extension of microfinance in technology and practical application. Microfinance in China: It mainly serves agriculture, rural areas and small and medium-sized enterprises. The establishment of small loan companies has rationally pooled some private funds, standardized the private lending market, and effectively solved the financing difficulties of agriculture, rural areas and small and medium-sized enterprises. At present, there are also personal micro-loans for office workers, generally at 1, 000-50000 yuan. Most of them don't need mortgage, but the credit and information review is strict. Among them, as long as the applicant meets the conditions of bank microfinance, he can apply for bank microfinance. The following are the conditions for bank microfinance:
(1) must have legal identification.
(2) Have a fixed residence and work unit.
(3) There should be enough economic income to repay the loan principal and interest on time.
(4) Be at least 18 years old and have full capacity for civil conduct.
(5) It can provide mortgage or guarantee recognized by the loan bank.
Can I get a loan for a car I bought with a loan? Can banks make small loans? In view of these two problems, the above contents have been introduced and explained accordingly, hoping to help everyone.