Letter of credit clause
1, with permanent residence or valid residence status in the local town and a fixed detailed address;
2. Have a proper occupation, stable income, good credit and the ability to repay the principal and interest of the loan;
3. Holding a car purchase agreement or contract signed with a car dealer;
4. Have paid the car purchase price not less than the down payment, and use the vehicle to be purchased as collateral.
Loan term, interest rate and limit
L, personal car consumption loan period is generally three years, the longest not more than five years (including five years);
2. The interest rate of personal automobile consumption loans is the same as that of loans of the same grade 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 legal interest rate will remain unchanged when it is adjusted; If the loan term is more than one year, if the legal interest rate is adjusted, the new interest rate level will be implemented at the beginning of next year according to the corresponding interest rate grade.
3. The maximum amount of personal automobile consumption loan shall not exceed 80% of the purchase price, and the specific amount shall be determined according to the actual situation and the nature of the guarantee.