Methods for individuals to handle bank car loans 1. The borrower submits the loan application materials to the bank;
2. The bank conducts a preliminary examination of the application materials submitted by the borrower;
3. The bank conducts credit investigation and customer evaluation on the borrower;
3. The bank examines and approves the loan application that meets the loan conditions through preliminary examination and credit investigation;
4. If it is approved, notify the borrower to go through relevant procedures such as signing, lending, mortgage or pledge; If it fails to pass the examination and approval, it shall explain to the borrower;
5. After the loan contract comes into effect, the handling bank will issue loans. Special loan method is adopted, that is, according to the loan contract, the handling bank directly transfers the loan to the dealer account of the borrower's car purchase.
Matters needing attention in handling bank car loan 1. Interest-free handling fees for car loans are inevitable.
At present, many auto financing companies have launched interest-free car loans, but the regulations on handling fees are different, some need to be charged, and some don't. If the car you want to buy is interest-free and fee-free, it is still relatively affordable. If you need to charge a handling fee, you must carefully calculate and measure it. The handling fee for car loan is generally between 4% and 7% of the total car payment, and it is paid at the same time as the first month payment. If the handling fee is too high, consider other types of car loans.
Second, read the relevant insurance clauses carefully before applying for a car loan.
Handling a bank loan to buy a car is to mortgage the car to the bank before the bank loan is paid off. In order to reduce the risk, banks generally require to buy some auto insurance as a loan condition in the car loan contract. The premium of these insurances may not fully meet your requirements, and may even be too high. Therefore, when applying for a car loan, you must carefully read the relevant insurance clauses and measure the cost of this car insurance.
Third, there are restrictions on buying a car with a zero-interest loan.
Many car manufacturers will cooperate with car loan agencies to launch zero-interest loans to buy cars, usually mid-to high-end cars. However, if you buy a car with a zero-interest loan, you can't enjoy the cash discount of the car type, and sometimes the amount of these cash discounts is quite large. Therefore, if you want to apply for a zero-interest loan to buy a car, you need to comprehensively measure whether the total price of the car loan is acceptable.
Fourth, consider floating car loan interest rates.
Generally, when interest-free loans are used, the total car price will increase to a certain extent, because the price of 4S shops is slightly different for customers who buy cars in cash and loans. In this case, it is necessary to calculate whether the floating amount of the loan to buy a car exceeds the total amount of personal credit and cash to buy a car. If it exceeds, you may wish to apply for a personal credit loan. If not, you can apply for an interest-free loan.
At present, individuals can apply for car loans through two major channels. One is the credit card loan channel, which is a loan channel that the loan bank or company provides a certain loan amount according to the credit status of the credit card holder, and the borrower can directly purchase the car by swiping the card. This loan method is simple, direct and convenient, and does not require loan interest. However, the borrower needs to pay the handling fee in installments, and the installment fees of different lending banks are different. Generally, the handling fee for 12 installment repayment is 10% of the total cost.
The second is the bank loan channel, which is divided into traditional physical banks and online lending platforms. Traditional physical banks are relatively traditional loan channels, which have been widely circulated for many years and are well received by the public. Borrowers do not need to submit handling fees, but they need to submit certain mortgages and guarantees to successfully apply for loans. The online lending platform is characterized by providing unsecured loans, that is, borrowers can successfully apply for loans without submitting collateral and guarantees. Moreover, there is generally no handling fee, but relatively speaking, the interest rate of auto loans on online lending platforms will be slightly higher.
In fact, at present, the borrower basically does not need to pay the handling fee for handling the car loan through the bank, but if the car dealer is involved during the loan period, the borrower needs to pay a certain handling fee to the car dealer. Or some car loans require the borrower to provide a guarantee, and the borrower uses a guarantee company to provide a guarantee, then the borrower needs to pay a certain deposit to the guarantee company, that is, a handling fee.
To sum up, if the borrower doesn't want to pay extra fees, he can choose the online loan platform to handle the car loan.
Generally speaking, different loan banks or companies have different regulations, and the loan interest rates of different loan products are also different. If the borrower just wants to know the general trend of the current bank auto loan interest rate, he can directly search the latest domestic benchmark loan interest rate on the Internet. The benchmark loan interest rate is determined by the central bank and implemented by the State Council, which has certain authority. All major lending banks or companies determine the loan interest rate of their loan products according to this benchmark interest rate, so the benchmark interest rate can be used as a weather vane for borrowers to refer to.
However, it is not enough to know the latest benchmark interest rate if the borrower wants to get a more real and specific bank car loan interest rate. In this case, the borrower should log on to the official website or telephone hotline of the relevant lending bank or company for specific consultation, so as to obtain the latest information on the bank auto loan interest rates of major lending banks or companies. When the borrower obtains the latest information of the bank's auto loan interest rate, he can compare it among several loan banks or companies until he chooses the loan institution that can best meet his actual needs and is relatively cheap and affordable.
Online lending platform is one of the loan channels with high cost performance, which is characterized by providing unsecured and secured loans. It is supported and welcomed by the majority of borrowers because it can alleviate the loan pressure of borrowers to a certain extent. Borrowers can also consider choosing online lending platform when choosing loan channels.
How do individuals handle bank car loans?