The Measures for the Administration of Automobile Loans have corresponding provisions:

Article 9 A borrower applying for an individual car loan shall meet the following conditions:

(a) People's Republic of China (PRC) (China) citizens, or Hongkong, Macau and Taiwan Province residents and foreigners who have lived in People's Republic of China (PRC) (China) for one year or more;

(2) Having a valid identity document, a fixed detailed address and full capacity for civil conduct;

(3) Personal legal assets with stable legal income or sufficient to repay the loan principal and interest;

④ Personal credit is good;

(5) Being able to pay the prescribed down payment;

(6) Other conditions required by the lender.

? Extended data:

?

Relevant laws and regulations of the Measures for the Administration of Automobile Loans:

Article 15 The lender shall establish an independent credit file for each dealer borrower and update it in time. The dealer credit file shall include the following contents:

(1) The name, legal representative and business address of the distributor;

(2) Copies of various business licenses;

(3) The insurance, commercial credit and financial status of the distributor.

Article 17 The lender shall regularly check the dealer's credit by regularly counting the inventory of vehicles and spare parts purchased by the dealer and analyzing the financial statements of the dealer, and adjust the dealer's credit rating and inventory inspection frequency according to the review results.

Baidu Encyclopedia-Measures for the Administration of Automobile Loans