1. The car buyer must be at least 18 years old and a citizen of China with full capacity for civil conduct.
2. Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, so as to repay the loan principal and interest on schedule.
3. During the loan application period, the car buyer deposits the down payment of the car purchase in the account of the bank savings counter, which is lower than that stipulated by the bank.
4. provide the bank with a guarantee recognized by the bank. If the individual account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased with the loan.
5. Car buyers are willing to accept other conditions that the bank deems necessary.
car loan processing flow:
1. customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;
2. sign a contract. After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and handle relevant notarization and mortgage registration procedures as appropriate;
3. Issue loans. After all the formalities have been completed, the loan approved by the bank will be directly transferred to the account of the automobile dealer by the bank according to the contract;
4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;
5. loan settlement.
Legal basis
General Principles of Loans
Article 17 The borrower shall be an enterprise (business) legal person, other economic organizations, individual industrial and commercial households or a natural person with full capacity for civil conduct who has been approved and registered by the administrative department for industry and commerce (or competent authority).
To apply for a loan, a borrower should meet the following basic conditions: the product has a market, the production and operation are profitable, the credit funds are not misappropriated, and the credit is strictly observed; 1. The borrower has the ability to repay the principal and interest on schedule, and the original loan interest payable and the due loan have been paid off; If there is no repayment, a repayment plan approved by the lender has been made.
2. Except for natural persons and business legal persons that do not need to be approved and registered by the industrial and commercial departments, they shall go through the annual inspection procedures by the industrial and commercial departments.
3. basic deposit account or general deposit account has been opened.
iv. except as stipulated by the State Council, the accumulated amount of equity investment in foreign equity of limited liability companies and joint stock limited companies does not exceed 5% of their total net assets.
5. The borrower's asset-liability ratio meets the requirements of the lender.
VI. For applying for medium-term and long-term loans, the ratio between the owner's equity of the enterprise as a legal person of the newly-built project and the total investment required for the project shall not be lower than the capital ratio of the investment project stipulated by the state.