Customer application: the customer applies to the bank, fills in the application form in writing and submits relevant materials at the same time;
After signing the contract, the bank will review the application materials submitted by the borrower, and both parties will sign a loan contract and a guarantee contract, and handle relevant notarization and mortgage registration procedures as appropriate;
Lending, a loan approved by the bank, will be directly transferred to the car dealer's account by transfer according to the contract after all formalities are completed;
Repayment on schedule, the borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;
Loan settlement. Loan settlement includes normal settlement and early settlement, as follows:
(1) Normal settlement: settlement on the maturity date of the loan (one-time repayment of principal and interest) or settlement in the last installment of the loan (installment repayment);
(2) Early settlement: Before the loan maturity date, if the borrower settles part or all of the loan, it must apply to the bank in advance according to the loan contract, and the repayment will be made at the designated accounting counter after the approval of the bank.
After the loan is settled, the borrower will take back the legal documents and related certification materials 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.