Generally, the longest car loan can be 5 years, that is, the customer needs to repay in 60 installments (1 month 1 installment). In addition, you can choose to borrow it for three years or one or two years. If the customer has sufficient repayment ability, he can also choose to repay in advance during the repayment period so as to settle the debt as soon as possible.
The reason why the loan period of car loans is generally short is because cars are easy to depreciate and are likely to be damaged in traffic accidents, and the risk coefficient is relatively high. Banks (auto consumer finance companies) will naturally not provide too long repayment period in order to control the later risks.
The down payment ratio of auto loan shall not be less than 20%. There are many factors that affect the down payment, and different models, different years or different versions are different. When choosing a car loan product in a 4s shop, the down payment ratio is generally above 30%, and ordinary customers will pay in installments according to the loan for three years. The annual interest rate of car loan is adjusted according to the benchmark interest rate of the central bank, which is generally 5%-8%. Of course, if you have real estate or other collateral as a mortgage loan, or have a stable income and a fixed job, the down payment is not 30%, and the down payment ratio can be lowered by 10%, that is, the down payment can be 20%.
Auto loan application conditions:
The loan applicant must be at least 18 years old and have full capacity for civil conduct.
Must be able to pay the car down payment and get the car contract.
Have a good credit record and no other overdue information about car loans.
Have a stable source of income and be able to repay on time.
Have legal identification, and some places also require collateral items or property certificates.
Can meet other requirements of local policies.
Reasons for not approving auto loans:
Loans were rejected because of insufficient or no information provided, and some were filled in when applying for loans, deliberately filling in false information and being blacklisted by banks.
At present, there are many personal debts, that is, borrowers have handled a large number of loan businesses. At this point, the lending institution will doubt the borrower's solvency and refuse to issue loans.
Personal credit record is not good. For example, if the credit card is overdue for a long time, or if the credit card is used in stages, the expenses are not paid off according to the time limit, resulting in a bad personal credit record.
Common car loan routines:
After participating in the activities of "zero interest rate" and "zero down payment", you need to buy insurance in our store, which is often expensive and cannot be transferred during the loan period.
Some car loan financial institutions will charge fees/service fees, while others will hide some fees from consumers. In this case, they should complain to the consumer association.
Others will be bundled for sale, such as decoration, paint and interior decoration. If the original price is several hundred yuan, it will be sold to the owner for several thousand yuan to earn a high price difference.
How many years is the maximum car loan?
How many years is the highest car loan?
The longest repayment period of car loan is five years. Under normal circumstances, most car loans issued by banks are controlled within 3 years.
To calculate the monthly repayment amount, in addition to the loan amount, you need to know the repayment method, annual interest rate and loan term.
Assuming equal repayment of principal and interest, the repayment period is 3 years, the benchmark annual interest rate for 1-3 years is 6. 15%, and the down payment for car purchase is 30% of the car price:
After a down payment of 60,000 yuan for a car of 200,000 yuan, the monthly payment of 6.5438+0.4 million yuan is 426,859 yuan;
180000 yuan car down payment 54000 yuan loan 126000 yuan. Monthly payment is 384 1.73 yuan (for reference).
You can also use a personal loan calculator to calculate: /...=dkjsq.
Car loans can last for a few years at most.
There are two ways to apply for a car loan: personal credit loan to buy a car (without mortgage or guarantee, you are generally required to have good credit and stable work income), or real estate mortgage loan to buy a car (using real estate as collateral). Personal credit loans to buy a car can generally be borrowed for 5 years, with a down payment of more than 30%. Generally, a car can be mortgaged for up to 5 years with a down payment of more than 30%. The interest rate mainly depends on your loan type and your personal qualifications to determine the loan conditions:
1. Have valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.
Application materials:
1. Original ID card, household registration book or other valid proof of residence, and provide its copy;
2. Proof of occupation and economic income;
3 car purchase agreement, contract or letter of intent signed with the dealer;
4. Other documents required by the cooperation agency.
What is the longest term of personal car loan?
There are many terms of auto loans, generally 1 year, 2 years, 30 months, 3 years, 4 years and 5 years. However, if you want to borrow a car for more than three years, you must look at two points:
1. It depends on whether the purchased vehicle belongs to a brand with relatively high value. If it is BYD, MG, Roewe, Skoda, etc. The longest loan is 3 years, and other domestic brands will be 3 years. More than 3 years are generally joint venture brands, such as Volkswagen, GM, BMW and so on.
It depends on the personal qualification of the applicant, and it depends on the individual. If the top 500, civil servants, doctors, etc. They are all relatively easy, while private small enterprises and self-employed individuals are basically more difficult, but in the final analysis, it depends on personal qualifications.
Car loans can usually be repaid in a few years at the highest.
deadline
1 2 3 4 5 years
Bank loan benchmark interest rate: 1 year 6.31%; 2-year 6.4%; 3-year 6.4%; 4 years, 6.65%; 5-year 6.65%;
How many years is the maximum car loan?
Car loans are generally 3-5 years. If there is China Merchants Bank in your city, you can try to apply for a loan through China Merchants Bank. For the information such as the execution interest rate, amount, loan term and loan repayment method of your specific loan application, the handling bank needs to specially review your comprehensive information after you apply for a loan, and the loan can only be determined after it is approved.
Please dial 95555 at 8:30- 18:00, and select "2 manual service-"1"personal banking-"4 "personal loan business to enter the manual service to provide loan purpose and city details.
How many years can a car be mortgaged?
The longest in automobile mortgage is not more than five years. According to the relevant regulations of the mortgage bank, the purchased vehicles are self-use vehicles, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. The mortgage loan process is as follows:
Customer application: the customer applies to the bank, fills in the application form in writing and submits relevant materials at the same time;
After the contract is signed, the bank will review the application materials submitted by the borrower, and both parties will sign a loan contract and a guarantee contract, and go through relevant notarization and mortgage registration procedures as appropriate;
Lending, loan approved by the bank, after all formalities are completed, the bank will directly transfer it to the account of the automobile dealer according to the contract;
Repayment on schedule, the borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;
When the loan is settled, the loan can be settled normally;
After the loan is settled, the borrower will retrieve the legal documents and relevant supporting documents extracted by the bank with his valid identity certificate and the loan settlement certificate issued by the bank, and go through the mortgage registration cancellation formalities with the original mortgage registration department with the loan settlement certificate.
Precautions:
Loan target: a natural person with full civil capacity, aged between 18 and 60;
Loan amount: if the purchased vehicle is for personal use, the loan amount shall not exceed 80% of the price of the purchased vehicle; If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, of which the loan amount of the commercial vehicle shall not exceed 60% of the price of the purchased vehicle;
Loan term: the purchased vehicle is for personal use, and the longest loan term shall not exceed 5 years; The purchased vehicle is a commercial vehicle with a loan term of no more than 3 years;
Loan interest rate: subject to the interest rate regulations of China Construction Bank.
Repayment method: If the loan term is less than one year, you can use any repayment method such as monthly interest, matching principal and interest, average capital repayment, and one-time repayment of principal and interest. If the loan term is more than one year, the method of equal principal and interest and average principal repayment can be adopted. The specific repayment method shall be negotiated between the handling bank and the borrower and agreed in the loan contract.
In summary, the vehicles generally purchased are for personal use, and the longest loan period does not exceed 5 years; The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years. Please consult your local dealer for details.
How many years is the longest car mortgage?
The longest car loan is 5 years.
Application materials required to apply for auto loan:
(1) A written document in which the guarantor agrees to provide the required guarantee for the borrower to obtain the guarantee amount.
(2) the guarantor's credit certification materials.
(3) Collateral appraisal report issued by the socially recognized appraisal department.
(4) Other documents and materials as stipulated by the Construction Bank.
(5) Original and photocopy of the borrower's valid identity certificate.
(6) local permanent residence or valid residence identity certificate.
(7) The borrower shall produce the income certificate issued by the employer, the borrower's tax bill and insurance policy.
(8) The pledge right required for the borrower to obtain the pledge and the amount of mortgage, the list of collateral and the ownership certificate, the written document of the owner and the property that someone agrees to pledge and mortgage.
(9) The borrower also needs to provide the bill for the hydropower property where the company is located and the bill for the hydropower property with personal address.
Car loan is the highest in a few years. . .
This is usually about three years, and there are still five years left.
How many years can I buy a car with a loan?
Loan limit 1. Apply for a loan by pledge or provide joint liability guarantee by banks and insurance companies.
The down payment of the first family shall not be less than 20% of the purchase price, and the maximum loan amount shall not exceed the purchase price.
80%. Second, apply for a loan by purchasing a vehicle or other real estate mortgage, and make a down payment.
Not less than 30% of the purchase price, and the maximum loan amount shall not exceed 70% of the purchase price. Third, to
If a third party applies for a loan by way of guarantee (except banks and insurance companies), the down payment is not required.
Get less than 40% of the car purchase price, and the maximum loan amount does not exceed 60% of the car purchase price. The loan term is generally 3 years, and the longest is not more than 5 years (including 5 years), and according to the nature of the borrower.
Pay attention to quality alone. For taxi companies or car rental companies, the longest loan period is no more than 3 years;
The loan period for other enterprises and institutions shall not exceed 2 years in principle; Personal loan term
Usually three years. The loan interest rate is the same as that stipulated by the People's Bank of China.
If the loan term is less than one year, the interest will be calculated according to the contract interest rate, and the interest rate will remain unchanged when the statutory interest rate is adjusted;
If the loan term is more than one year, in case of adjustment of the legal interest rate, the corresponding interest will be paid from the beginning of next year.
The new interest rate level shall be implemented at the interest rate level.
How many years does a bank car loan take at most?
three
Car loans can last for a few years at most.
General car loans can be borrowed for three years, up to five years.
Conditions for applying for a loan:
First, 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) continuously for 1 year or more (including 1 year);
Second, it has valid identification, fixed detailed address and full capacity for civil conduct;
Third, personal legal assets with stable legal income or sufficient to repay the principal and interest of loans;
Fourth, personal credit is good;
Fifth, it can pay the down payment stipulated in these measures;
6. Other conditions required by the lender;
Seventh, at least 25-55 years old;
Eighth, have a stable work unit;
Tenth, have worked continuously in the current unit for 6 months.
Extended data:
Precautions:
Consumer loans to buy a car must pay attention to three points:
First, after enjoying the "zero-interest-free loan" of the merchants, can you still enjoy the preferential price of the car?
Secondly, the car loan fee in the market a few days ago was in the range of 4%~7.5%, whether it was interest-free and fee-added;
Third, the general car purchase interest rate is charged according to the bank benchmark interest rate. Regardless of whether the handling fee is unavoidable, the interest is floating on the basis of the bank's benchmark interest rate.
Therefore, the most important thing in car loan is to shop around. Consumers should choose a regular car loan service company with certain qualifications and strength, which will not only standardize services and charges, but also leave you with hidden dangers.