There is no need to cancel the mortgage after the auto credit loan is paid off. Credit loans do not need guarantees and mortgages. As long as the debts are paid off, there is no need to run other operations in the future. General users submit motor vehicle registration certificates as loan application materials for auto credit loans. During this period, there is no need to go through the mortgage formalities. Without the mortgage formalities, there is naturally no need to cancel the mortgage after the loan is paid off.

Of course, because there is no mortgage procedure for auto credit loans, the loan amount is no different from ordinary credit loans.

2. Do I need to cancel the registration after paying off the loan and buying a car?

After paying off the loan and buying a car, you need to go to the vehicle management office to cancel the mortgage registration in time.

If it helps you, please adopt it. Thank you!

3. What are the procedures for buying a car with a mortgage loan?

Motor vehicle registration certificate, loan statement certificate issued by the bank and power of attorney issued by the bank.

4. Do I need to cancel the registration after paying off the loan and buying a car?

After paying off the loan, you need to go to the local vehicle management office to decompress yourself. Without decompression, the car will not return to your name.