Buying a car by installment with a credit card has also become one of the important channels of car loan. The most obvious advantage of credit card car loan is the expected annualized interest rate of car loan, so China Industrial and Commercial Bank uses Peony Card to buy a car by stages. How much do you know about this product? Here is a detailed introduction to the peony installment card handling fee, bidding process, application conditions, cooperation mode and so on.
loan limit
ICBC credit card installment car purchase is the credit card installment business of ICBC institutions. The credit limit that cardholders can apply for is 200,000-200,000. There are 65,438+02 months, 24 months and 36 months. The loan has no expected annualized interest rate, and ICBC only charges a handling fee. The handling fee rates at different stages are different, which are 3.58%, 7.05% and 10.43% respectively.
ICBC Peony Card Car Purchase Staging Model
Handling fee: down payment: more than 40%. Mazda 6, the preferential interest rate for the 36th installment is 2.43%, and the Volkswagen Skoda Ming Rui model, 18 installment is the normal installment interest rate of ICBC Shanghai Branch of 5.36%, while the interest rate for the 24th installment is 0.
Co-brands: Shanghai Volkswagen Skoda, Changan Mazda, FAW Mazda, Beijing Hyundai, Changan Suzuki, Dongfeng Passenger Car, etc.
The required materials are as follows
1. Fill in peony card application form, peony car purchase card installment business application form and peony car purchase card installment contract.
2. Household registration book, identity cards of both husband and wife, proof of marital status, proof of economic income or professional certificate.
3. Car purchase contract and down payment certificate (not less than the bare car price)
Treatment process
(1) filing an application. After you are optimistic about the vehicle you want to buy, fill out the Application Form for Automobile Consumption Loan and the Credit Status Questionnaire, and submit them together with the relevant certificates of personal situation to ICBC.
(2) ICBC conducts pre-loan investigation and approval. If the loan conditions are met, ICBC will promptly notify the borrower to fill in various forms.
(three) notify the borrower to sign the loan contract, guarantee contract and mortgage contract, and go through the mortgage registration and insurance procedures.
(4) ICBC loan (directly transferred to the car dealer account by ICBC).
(5) The borrower pays the down payment to the car dealership, and handles the car pick-up formalities with the passbook and the car pick-up note issued by ICBC.
Comparison of credit card installment purchase among China Merchants Bank, China Construction Bank, ICBC and Bank of Communications
Car loans such as buying a car with a credit card have their own advantages in terms of methods. There are two credit card modes for buying a car by credit card: one is to pay in full by credit card and then apply to the bank for bill installment. The premise is: your credit card is enough to pay for the car. Second, most car dealers support buying a car by credit card, but the difference is that the banks designated for cooperation by stages are different, so be sure to ask the merchants before buying. The bank credit card you hold can buy a car by stages.
Comparison of credit card installment payment among China Merchants Bank, China Construction Bank, Industrial and Commercial Bank of China and Bank of Communications;
China Merchants Bank "Cheyigou"
Once the threshold of "small quick loan" is lowered, ordinary credit card customers can also buy cars by credit card installment, which is equivalent to a maximum loan of 50,000 yuan. The 24-month installment fee is only half of the expected annualized interest rate of car loan every year.
According to the Credit Card Department of China Merchants Bank, 20% of the incremental customers of some car dealers are contributed by them. Credit card installment does not need to apply for mortgage and fill in complicated information, which is increasingly favored by cardholders.
It is not cost-effective to buy a car with a credit card loan from China Merchants Bank. Deposit 30,000 yuan, spend 50,000 yuan on a credit card, and then repay 20,000 yuan in installments, because that 20,000 yuan can only apply for "bill installment", and the highest 80% of 20,000 yuan, that is, 1006 yuan, can apply for repayment in three, six or 12 installments, and bear the handling fee respectively, which is the point.
The suggested method is to try to apply directly for the "Easy Car Purchase" of China Merchants Bank's credit card to buy a car without a deposit of 30,000 yuan. 20 thousand can also do a higher car price range, and it is 0 interest and 0 handling fee. The main points are as follows:
1 According to different car models, the total installment amount of China Merchants Bank's credit card car purchase business ranges from 300,000 yuan to 200,000 yuan, which is determined by the cardholder's credit card limit, credit status and other factors, and the cardholder can arbitrarily choose the total installment amount within the limit.
2. The minimum down payment ratio of CMB credit card to buy a car is 30% of the car payment.
3. The total handling fee of China Merchants Bank's credit card car purchase = total installment amount × handling fee rate (handling fee is included in the first bill after car purchase by installment).
4. China Merchants Bank "Cheyigou" must be insured with theft insurance, three liability insurance and car damage insurance, and the number of insurance periods cannot be less than the number of installments.
Warm reminder: different models have different installment rates in different periods, and some banks can only specify the installment of models. The credit card installment threshold is not low, and the credit card limit in the hands of card friends is generally 6.5438+10,000 yuan-200,000 yuan.
China construction bank
Car buyers need to hold a dragon card (excluding business card, student card, supplementary card and security card) to buy a car at the car dealer designated by CCB. After the buyer pays part of the down payment and applies for a certain amount of loan and submits it to CCB for approval, the actual installment amount will be divided into several installments on average, and the cardholder will repay the loan every month within the agreed time limit and pay a certain handling fee.
The process is as follows:
Terms and conditions:
(1) CCB provides 12 (one year), 18 (one and a half years), 24 (two years) and 36 (three years) car purchase installment services.
(2) Generally, the installment amount range of car purchase is 200,000-500,000 yuan (the installment amount range is different according to different models). CCB will decide whether to approve or not and the amount of approval according to the cardholder's credit behavior and consumer repayment.
(3) The down payment ratio shall be at least 30% of the online car price (the down payment ratio will be different according to different models), and the down payment shall be paid by cash or debit card.
(4) Cardholder's handling fee = installment amount × cardholder's handling fee rate (handling fee is included in the bill of the first month after installment consumption).
(5) The cardholder shall be insured against motor vehicle loss when buying a car by stages, and the insurance period is the same as that by stages.
(6) If the installment amount cannot be divisible by the number of repayment periods, the system will automatically round off the repayment amount of each period.
(7) The repayment amount in installments in the first month = the installment amount/installment number of the cardholder's handling fee; Monthly repayment amount from the second month = installment amount/number of installments.
ICBC credit card installment car purchase process
1. Customers choose their favorite car model, but the car model must be provided by the car dealer designated by ICBC to participate in the installment car purchase service of ICBC credit card. Please refer to the installment purchase plan of ICBC credit card for specific optional models;
2. Apply to ICBC or a designated car dealer for credit card installment car purchase (just submit the required materials);
3. ICBC examines customers' application for credit card loans to buy cars;
4. The customer pays the car down payment to the car dealer;
5. After passing the audit, ICBC signs contracts such as loans and guarantees with customers;
6. ICBC issues loans, and banks directly transfer the loans applied by customers to the accounts of auto dealers.
7. You can pick up the car after handling auto insurance and other businesses;
8. Repay ICBC on time by credit card every month.
ICBC's credit card car purchase process has been determined. Then, what is the handling fee for ICBC's credit card installment car purchase? In fact, this is a comprehensive decision based on different car brands, models and stages.
Bank of Communications credit card installment purchase process:
(1) When you go to the garage, choose your favorite car first, and then remember the price and performance of a good car;
(2) Contact the credit card center of the relevant bank, provide your own relevant information, and ask yourself whether you can apply for the credit card installment car purchase service. If the bank gives you a definite answer that you meet the requirements of installment payment, then the basic conditions can go to the next step.
(3) Fill in the credit card installment application form in the 4s shop that wants to buy a car. Of course, this 4S store should be a partner of the bank, and the model you buy depends on the designated cooperative model, so that the 4S store will fax your application to the credit card center and wait for a reply.
(4) After the approval of the bank, you can pay the down payment to the 4S shop to pick up the car.
Bank of communications does not determine the handling fee by the length of the term, but by the installment amount. The more money, the lower the handling fee. In other words, it depends on how much you buy a car and how much you pay down.
ICBC Car Loan Credit Card Phone Number
There are different car loan handling banks in different regions. You can call 95588 to turn to manual service to inquire about your car loan handling bank information. This customer service hotline specializes in car loans, wealth cards, financial gold cards, platinum cards and gold cards, and has been opened in all regions of the country except Shanghai, Zhejiang and Guangdong. In addition, cardholders can also inquire about credit card matters through ICBC's comprehensive service customer service hotline 95588.
I. ICBC credit card auto loan processing flow:
1. Customers choose their favorite car model, but the car model must be provided by the car dealer designated by ICBC to participate in the installment car purchase service of ICBC credit card. Please refer to the specific optional models.
2. Apply to ICBC or a designated car dealer for credit card installment car purchase (just submit the required materials);
3. ICBC examines customers' application for credit card loans to buy cars;
4. The customer pays the car down payment to the car dealer;
5. After passing the audit, ICBC signs contracts such as loans and guarantees with customers;
6. ICBC issues loans, and banks directly transfer the loans applied by customers to the accounts of auto dealers.
7. You can pick up the car after handling auto insurance and other businesses;
8. Repay ICBC on time by credit card every month.
Two. Handling method of ICBC credit card auto loan:
There are two ways for ICBC to buy a car by installment, direct and indirect. Direct customer service means that the applicant directly applies for a personal credit card loan from ICBC to buy a car and submits the corresponding materials; The intermodal mode means that the applicant applies for a credit card loan to buy a car from a car dealer, and the dealer directly submits the customer information to ICBC for approval.
Iii. Application materials for ICBC's auto loan
1. Valid identity documents of the borrower and its spouse, household registration certificate or valid residence certificate of the city where the loan bank is located, marital status certificate or unmarried statement;
2. Personal income certificate (personal tax payment certificate, salary certificate, average financial assets in ICBC or other banks in the last 6 months);
3. The bank deposit certificate of the down payment or the relevant certificate issued by the dealer;
4. Car purchase contract or car purchase agreement;
5. Vehicle insurance contract, vehicle certificate (if the purchased vehicle is a domestic vehicle), inspection sheet of imported motor vehicle and import certificate of goods (if the purchased vehicle is an imported vehicle), and purchase invoice;
6. Proof materials related to loan guarantee;
7. Proof of personal settlement account opened in China Industrial and Commercial Bank;
8. Other information required by the bank.
This concludes the introduction of how to buy a car with ICBC credit card and whether there are points for ICBC credit card to buy auto insurance. I wonder if you have found the information you need?