Car loan refers to the loan issued by the lender to the borrower who applies for buying a car.
The actual interest rate of car loan is set by the handling bank according to the actual situation of customers and with reference to the benchmark interest rate stipulated by the central bank.
There are three types of car loans: direct, indirect and credit card. The term of car loan is generally 1-3 years, and the longest is no more than 5 years.
Potential borrower
The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.
deadline
Term of automobile 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.
Letter of credit clause
1. Have valid identification and full capacity for civil conduct;
2. Can provide a fixed and detailed address certificate;
3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;
4. Personal social credit is good;
5. Holding a car purchase contract or agreement approved by the lender;
6. Other conditions stipulated by the Cooperation Organization.
The process of canceling mortgage is as follows:
1. After the loan is paid off, go to the bank to get back the vehicle registration certificate, organization code certificate (official seal) and power of attorney provided by the bank. The content of the power of attorney is to entrust the owner to handle the mortgage cancellation business with the registration certificate (official seal).
2. The owner needs to bring the above three materials when handling the mortgage cancellation business, and will indicate the registration certificate in the registration column after handling? When the mortgage is released, the registered bank no longer owns the vehicle and officially belongs to the owner.
The materials required for mortgage cancellation are as follows:
In addition to vehicle registration, loan repayment instructions, bank organization code certificate and power of attorney (power of attorney for entrusting customers to handle mortgage cancellation business by themselves), they should also bring: driving license, driver's license, car purchase invoice, vehicle annual inspection certificate, insurance certificate and owner's ID card.
Vehicle transfer process
1. tax payment: for vehicle transfer, the second-hand car transaction tax must be paid first, and charged according to the standard of 1%. For private households, Gong Hu is 4%.
2. Vehicle appearance inspection: drive the vehicle to the vehicle inspection office, and the vehicle will be visually inspected, numbered, disassembled and photographed by professionals, and the inspection results will be filled in the inspection records. After everything is completed, the owner and the buyer go to the transfer hall for filing.
3. Number selection: After the license plate number is selected, the number is selected by the number selection machine and the fee is paid.
4. Relocation: Both parties shall prepare the required materials, including motor vehicle registration, transfer, cancellation registration form/transfer application form, inspection record form, original motor vehicle property registration certificate, original driving license, original owner's ID card, original license plate number, vehicle photo, and transaction market transfer invoice.
5. License registration: After the car buyer completes the transfer formalities, he can go to the local vehicle management office to register the vehicle.