1. Can Yiwu Ping An Bank provide car mortgage loans? What is the approximate interest rate? What materials are needed? Thanks

First of all, we need to distinguish what is called 1 cent interest

If it is monthly interest, then 1 interest, calculated as 10,000, the interest in one month is 100, and the interest in one year is 100. 1,200 yuan; half-year interest is 600 yuan. Commonly known as the one-cent loan interest rate

If it is an annual interest rate, the one-cent interest rate refers to the interest rate of 1 cent per yuan per year, as 10000x0.01=100 yuan. Half a year is 50 yuan, and the annual interest rate is 1%, which is too low. If the monthly interest rate is 1%, it is approximately equal to the annual interest rate of 12%.

2. Can Ping An Bank provide car mortgage loans? What conditions are required?

Ping An Bank can provide car mortgage loans. Customers are required to provide materials about the vehicles to be mortgaged, which will be evaluated by the borrower. Personnel will evaluate the vehicle that needs to be mortgaged;

Apply for a vehicle in your personal name, currently without mortgage; the vehicle purchase date shall not exceed 5 years (based on the date of first registration), and the mileage shall not exceed 100,000 kilometers; The assessed value is over 80,000. In addition, you need to provide these loan information: second-generation ID card, vehicle driving license and motor vehicle registration certificate.

Proof of income (such as bank statements or income certificate issued by the company, etc.), proof of residence (such as utility bills, etc.), and proof of loan purpose. The vehicle mortgage fee is charged by the local vehicle management office and is subject to the regulations of the local vehicle management office. However, mortgage-related costs are borne by the bank.

Extended information:

The introduction of car mortgage loans is as follows:

The monthly interest rate is 1.5%. In addition to interest, application approval and vehicle evaluation are free. Yes, the bank does not charge any other fees. The vehicle must be purchased no more than 7 years ago (based on the date of first registration), the mileage must not exceed 120,000 kilometers, and the vehicle’s appraised value must be more than 70,000 (inclusive).

A loan issued by a bank that requires a business or other applicant to pledge property or securities as collateral. The so-called mortgage means that the debtor legally transfers all rights to the property to the creditor, but the creditor does not possess the property.