Generally speaking, after the loan is completed 10 working days, the lending institution will take the initiative to mail the relevant procedures to the 4s shop and notify the borrower. After the mail arrives, the borrower can go through the relevant formalities with his ID card. However, if it is a bank loan, you may need to go through the settlement procedures of the vehicle loan yourself. After the bank inquiry is confirmed, if your car is loaned through a guarantee company, you need the certificate of the guarantee company.
3. Apply to dmv for cancellation of mortgage registration. With the above procedures, all motor vehicle owners can go to the vehicle management office with the bank agent to apply for cancellation of vehicle loan mortgage registration.
The application form shall be filled out by the owner of the motor vehicle, which shall be jointly applied by the owner of the motor vehicle and the mortgagee, and the following certificates and vouchers shall be submitted: 1, identity certificates and photocopies of the owner of the motor vehicle and the mortgagee (bank agent); If the owner of the motor vehicle is not registered in Chengdu, a residence permit is also required;
2. The repayment certificate issued by the bank or guarantee company;
3. Motor vehicle registration certificate.
Steps to decompress car loans:
Step 1: Contact the bank, auto financing company or guarantee company that handles the loan.
If you pay off your car loan, you should first find your own written "mortgage contract", consult the contact numbers of banks, auto financing companies or guarantee companies on the contract and get in touch with them.
Step 2: Go through the settlement procedures and get the motor vehicle registration certificate.
Generally speaking, after the loan is completed 10 working days, the lending institution will take the initiative to mail the relevant procedures to the 4s shop and notify the borrower. After the mail arrives, the borrower can go through the relevant formalities with his ID card. However, if it is a bank loan, you may need to go through the settlement procedures of the car loan yourself first, and after the bank confirms it (if your car is loaned through a guarantee company, you need the certificate of the guarantee company).
Step 3: Apply for cancellation of mortgage registration in dmv.
With the above procedures, the motor vehicle owner can go to the vehicle management office with the bank agent to apply for "mortgage cancellation" registration.