What procedures and conditions are required for a car mortgage loan?

The procedure for a car mortgage loan is as follows:

1. Prepare your personal ID card, local household register or temporary residence permit, vehicle registration certificate, car driving license, driver's license, and proof of economic income Documents (such as bank statements, deposit certificates) and other relevant information should be submitted to the selected bank/loan institution outlet to apply for a loan, and ask staff at the counter to collect the application form and fill it out.

2. Submit the completed form together with the information and wait for review. After receiving the application, the bank/loan institution will review the submitted information and evaluate the vehicle value. If approved, the loan amount will be determined and the customer will be notified immediately.

3. After receiving the approval notice, promptly go to the outlet to sign the loan contract within the agreed time, and handle vehicle mortgage registration and other related procedures (generally, the vehicle registration certificate needs to be deposited with the bank/loan institution).

4. Banks/lending institutions issue loan funds.

The application conditions are as follows:

1. Be eighteen years old (inclusive) or above and have full capacity for civil conduct;

2. Individual Have good credit and no bad records in the credit report;

3. Have stable financial resources and the ability to repay the principal and interest of the loan on time;

4. The ownership of the mortgaged vehicle is clear and there is There is a certain value space, and the age and mileage of the vehicle are within the specified range (some banks/loan institutions will stipulate that the age of the mortgaged vehicle shall not exceed how many years and the mileage shall not exceed how many kilometers).

Car mortgage loan conditions

1. Loan applicants must be over 18 years old and have full capacity for civil conduct.

2. You must be able to pay the down payment for the car and obtain the car purchase contract.

3. Have a good credit record and no other overdue information on car loans.

4. Have a stable source of income and be able to repay loans on time.

5. Have a legal identity certificate. Some places also require mortgage items or real estate certificates, etc.

6. Can comply with other requirements of local policies.

Car loan application steps

1. Apply to the bank and fill in the corresponding application form. You must also submit application materials, including ID card, income certificate, real estate certificate, household register, and others. Relevant loan contracts, etc.

2. After passing the review, you can sign a loan contract and a guarantee contract. If you want to be more secure, you can go through relevant notarization and complete mortgage registration procedures.

3. The bank or financial institution will transfer the money after confirming it is correct again, and the money will be transferred to the account agreed by the individual.

4. Then you need to repay the loan within the time specified in the contract. Of course, you can also pay off the car loan in advance, but a certain penalty will be charged. If the car loan is not repaid for more than 3 months, it may be entered into the credit reporting system. In serious cases, the car may be sued and the vehicle will be towed away and auctioned. The proceeds from the auction will be used to pay off the debt.

5. After settling the car loan within the specified time, you need to bring valid documents to the bank or loan institution to receive the settlement certificate and other mortgage certificates, and you must also go to the original mortgage registration department to handle mortgage registration. Cancellation procedures.

Car loan example

1. Take a car worth about 100,000 yuan as an example. First pay 30% of the down payment, which is 30,000 yuan. But in fact, the length of the loan mainly depends on the individual's repayment ability. If taking out a part of the money every month will not affect the quality of life, then the shorter the period, the better. After all, the longer the loan period, the final total cost may be higher than the entire loan period. If you buy a car, you will get an extra NT$10,000.

2. Taking the 36-term interest on a car loan of 100,000 yuan as an example, the collection fee for 100,000 yuan is about 7,000 yuan. There are also other payment items, such as insurance and extended warranty, purchase tax, and registration fees. wait. If you buy insurance at a 4S store, it will cost at least 6,000 yuan, while the purchase tax will cost about 8,500 yuan, and the license fee will cost 350 yuan.

Finally, I would like to add that the car loan interest rate is based on the lender’s credit report, down payment ratio, and preferential activities to determine the maximum annual rate. Of course, this annual interest rate is also affected by the loan period, but generally it is It will float based on 4-7 of the central bank’s benchmark interest rate.

Conditions and procedures for car mortgage loans

1. Conditions for applying for car mortgage

1. Applicants are required to be aged 25-55 and currently have a stable Income;

2. The vehicle in your name has all the documents and is currently unsecured;

3. For a mortgaged car. The bank requires that the car be less than 5 years old and have a mileage of less than 80,000 kilometers;

4. The current appraised value of the mortgaged car is better after 70,000 yuan.

These are the conditions for bank car mortgages. In addition to meeting the basic conditions for bank car mortgages, borrowers also need to prepare complete loan-related materials. The more complete the better, so that you can better apply for a car mortgage.

Second, car mortgages require information.

1. The invoice when buying the car, and other proof when buying the car.

2. Driving license and car ownership certificate.

3. Copy of the vehicle owner’s ID card.

4. Main contract and vehicle mortgage contract.

5. Proof of mortgagee and mortgagor.

6. The car was parked at the loan company.

Three. Car mortgage loan process

1. The lending institution receives information provided by the applicant;

2. Conducts home visits, surveys and vehicle value assessments on the applicant;

3. The lending institution initially reserves the loan amount;

4. Processes entrusted notarization and loan notarization;

5. The lending institution accepts relevant documents from the applicant;

6. Go through the mortgage registration procedures.

7. Loan

IV. .

Registered vehicles shall not be mortgaged under any of the following circumstances

1. Vehicles that have been seized, impounded, or supervised in accordance with the law.

2. Vehicles at home that have reached scrap standards.

3. Failure to inspect or modify the vehicle without authorization.

4. The customs supervision period has not expired.

5. The mortgage period expires and the service life reaches the scrapping standard.

6. Vehicles registered with mortgage.

7. The vehicles produced and operated by the military (armed police) are vehicles with local license plates and retaining soil.

8. The right owner of the mortgaged property is a state agency.

9. Other vehicles that cannot be mortgaged according to law.

The above is the car mortgage process. The bank will evaluate the applicant. Whether you have the ability to repay the loan on time, whether you have good credit in the bank, and whether you have a stable job are all the basis on which the bank evaluates the applicant. The bank will also appraise the vehicle if it is used as collateral. The time of purchase, mileage, and purchase price of the vehicle will all affect the loan amount.

Can banks provide vehicle mortgage loans?

Banks can provide vehicle mortgage loans. Basically all banks can provide vehicle mortgage loans, as long as the following conditions are met: 1. The car being loaned has no other mortgage loans. 2. The property rights details of the loaned car shall be reviewed and evaluated by the bank to assess the value of the mortgage loan. 3. The borrower has a stable job and income to repay the principal and interest of the loan. 4. The lender’s personal credit is good. 5. The lender must be at least 18 years old and have full capacity for civil conduct.

If you meet the above conditions, you can go to the bank to apply for a vehicle mortgage loan.