What conditions do you need to apply for a personal car loan from ABC?

Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at special dealers. Then, what conditions does ABC need to apply for personal car loans?

1. What conditions does ABC need to apply for personal car loan?

1. People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than 1 year (including 1 year) (Hong Kong, Macao and Taiwan residents and foreigners should also designate local residents with certain economic strength and good reputation as contacts);

2. At least 18 years old (inclusive) to 60 years old (inclusive), with full capacity for civil conduct and valid identification;

3. Have a local household registration certificate or a valid identity certificate;

4. The credit record, income level and credit score meet the relevant provisions of the Agricultural Bank of China and have the ability to repay loans on schedule;

5. Be able to pay no less than the down payment for car purchase and provide qualified guarantee;

6. Other conditions that meet the requirements of the Agricultural Bank.

2. The longest loan period is 5 years, of which the longest loan period for commercial vehicles is 3 years.

3. What is the loan amount?

Self-use car: the maximum loan amount is 80% of the car purchase price.

Commercial vehicle: The maximum loan amount is 60% of the purchase price.

Fourth, how to bid?

1. Customers apply for personal car loans and submit relevant materials;

2. The bank conducts investigation and approval;

3. Sign a loan contract;

4. Handling insurance, notarization, guarantee and other procedures;

5. issue loans.