The bank car loan only needs to deposit the money into the repayment account on time, and the banking system will automatically deduct the money. Lending institutions need to call to make an appointment for prepayment. Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car, but financial institutions require car buyers to meet the requirements of financial institutions to apply for loans to buy a car.

How to pay the car loan? How to pay the car loan?

The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.

How to pay the car loan? How to pay the car loan?

According to the regulations of the central bank, the benchmark interest rate is implemented for auto loans, but financial institutions can float within a certain range of the benchmark interest rate. The term of auto loans in major banks is generally less than five years, and the interest rate of auto loans directly determines people's loan costs, which has become an important factor in determining whether people lend.

How to pay the car loan? How to pay the car loan?

The actual interest rate of auto loans is determined by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank. Generally speaking, customers with excellent conditions can enjoy the benchmark interest rate or decrease by about 65,438+00%, while ordinary customers need to increase the benchmark interest rate by about 65,438+00%.