Buying a car or buying a house loan generally requires a guarantor or collateral. Guarantors are generally employees of state institutions, and collateral is cars or houses. Once you break your promise, you will seek a guarantor or take back the real estate vehicle.

Banks apply for auto loans (including personal consumption loans/special auto loans/credit card installment loans)

Loans to banks include direct customers, that is, individuals take the initiative to apply for loans from banks, which belong to personal consumption loans; The other is the indirect type, that is, the car buyer chooses the bank that cooperates with the 4S shop to apply for a loan, which can usually be made through a special car loan or a credit card installment loan. The above three loan methods have the following common characteristics:

Interest rate: The bank auto loan interest rate will fluctuate on the basis of the central bank's personal loan benchmark interest rate (usually in the range of-10% to 30%). For example, for high-quality customers, BOC's auto loan can be reduced by10%; ICBC will raise 10% according to the provisions of the central bank's benchmark loan interest rate for the same period.

Loan amount: For a new car, the maximum loan amount generally does not exceed 80% of the car price.

Guarantee method: the bank has strict requirements on the borrower's income, collateral and other assets, and the guarantee procedures are cumbersome.

Repayment method: average capital and equal principal and interest are the main methods.

Popular science knowledge:

Loan term: the longest is 5 years, and credit card installment payment generally does not exceed 2 years.