Automobile mortgage is a loan obtained from a financial institution or an automobile consumption loan company with the borrower's or a third party's car or self-purchased car as collateral. So what conditions do you need to apply for a car loan from Bank of Communications? Below I will share the relevant content with you.
Automobile mortgage conditions of Bank of Communications:
1, a natural person with full capacity for civil conduct, aged between 18 (inclusive) and 65 (exclusive); Foreigners and residents of Hong Kong, Macao and Taiwan who are borrowers should have lived in People's Republic of China (PRC) for one year and have a fixed residence and occupation.
2. Have legal and valid identity certificate, household registration certificate (or valid residence certificate) and marital status certificate (or unmarried statement);
3. Have a good credit record and willingness to repay;
4, with a stable source of income and the ability to repay the principal and interest in full and on time;
5. Can provide legal, effective and reliable vehicle mortgage recognized by the bank;
6. Open a personal settlement account in a bank;
7. Other conditions stipulated by the bank.
Information needed by Bank of Communications for automobile mortgage:
1. Original and photocopy of ID card and household registration book of the auto lender and spouse.
2. Proof of marital status of the auto lender.
3. Proof of stable economic income of the auto lender and spouse, such as income certificate issued by the unit, personal income tax payment certificate, recent bank flow, etc.
4 automobile sales contract, down payment invoice or down payment receipt.
5 mortgage, pledge or guarantee related documents.
6. Other information required by the bank.
What is the process of bank of communications credit card mortgage car?
When Bank of Communications mortgages a car with a credit card, the car buyer can apply for a loan line from the bank in advance when choosing the target model, and the bank will give the car buyer a credit line available within a certain period after approval. After signing the car purchase contract, the car buyer can provide loans in real time and pick up the car at the 4S shop designated by the Bank of Communications. The car purchase procedure is exactly the same as the full payment, so there is no need to wait.
The specific process is as follows
(1) When you go to the garage, choose your favorite car first, and then remember the price and performance of a good car;
(2) Contact the credit card center of the relevant bank, provide your own relevant information, and ask yourself whether you can apply for the credit card installment car purchase service. If the bank gives you a definite answer that you meet the requirements of installment payment, then the basic conditions can go to the next step.
(3) Fill in the credit card installment application form in the 4s shop that wants to buy a car. Of course, this 4S store should be a partner of the bank, and the model you buy depends on the designated cooperative model, so that the 4S store will fax your application to the credit card center and wait for a reply.
(4) After the approval of the bank, you can pay the down payment to the 4S shop to pick up the car.
Can I buy a car with Bank of Communications credit card?
Yes, Bank of Communications credit card loan to buy a car refers to the installment payment that the cardholder applies to the bank when he agrees to pay the down payment. There are three stages: 12 months, 24 months and 36 months. After approval, you can go to the 4S store that cooperates with Bank of Communications to buy the model you like.
To apply for a car loan from Bank of Communications, you need to meet the following conditions:
Natural persons with full capacity for civil conduct (including Hong Kong, Macao and Taiwan and overseas people) have fixed residences in the local area.
Age plus loan period shall not exceed 60 years old.
In good condition, and have a legitimate occupation and a stable source of income.
In order to meet the market demand, Bank of Communications launched the credit card installment car purchase business-e-car loan. In the car purchase business of Bank of Communications, its guarantee can be in four ways: mortgage, pledge, guarantee and credit, or combined guarantee.
Among them, the collateral is mainly housing, commercial housing, commercial and residential housing. If the house is used as collateral, the maximum credit line shall not exceed 70% of the value of the collateral, and if the commercial house or commercial and residential dual-use house is used as collateral, the maximum credit line shall not exceed 50% of the value of the collateral.
Pledges include certificates of deposit, voucher-type government bonds, savings bonds, etc. For high-quality customers with stable income and good credit record, they can also apply for credit e-car loan, which is the first choice for middle-and high-income people.
Car purchase by credit card installment is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 200,000-200,000, depending on the situation of some banks; There are three stages: 12 months, 24 months and 36 months.
There is no loan interest rate for buying a car by credit installment, and the bank only charges a handling fee. The handling fee rate is different in different installments.
Scope of application:
Due to the limited credit limit of general credit cards, the issuing bank will generally require the cardholder to provide proof of financial resources. The sources of funds recognized by the bank include real estate license or commercial housing sale (pre-sale) contract, purchase invoice, etc. Some banks require a credit card overdraft limit of 654.38 million to 200,000 yuan, and some banks allow cardholders with good credit to apply for credit lines to buy cars in installments.
Obviously, more and more banks will launch credit card installment car purchase business nationwide with the needs of customers. At present, there are China Construction Bank's Longka installment car purchase business, China Bank's car loan service, China Merchants Bank's car purchase service, Minsheng Bank's car purchase service, China Industrial and Commercial Bank's peony card installment car purchase service, and some local city commercial banks' installment car purchase services, such as Hankou Bank and Bank of Ningbo.
However, each bank has its own threshold: China Merchants Bank has to pay more than 30% down payment before it can be phased, while ICBC says it can be phased in full. Some banks can also get zero handling fees for some models. In addition, different models have different installment rates in different periods, and some banks only have designated models for installment.
Buying a car by credit card in installments Baidu Encyclopedia
Can I buy a car with a credit card loan from Bank of Communications?
Q: Can I borrow a car loan with the Bank of Communications credit card?
A: Yes, the "e-car loan" of Bank of Communications is a way for consumers to spend their cars. Anyone with full civil liability can apply for a car loan as long as he has no bad credit record.
Bank of Communications credit card auto loan related processes are as follows:
(1) individual housing loan application form;
(2) Identification certificates of the borrower and spouse (resident ID card, passport, household registration book, etc.). ) and marriage certificate;
(3) Contracts or agreements for the purchase and sale of vehicles;
(4) the first payment voucher for the vehicle;
(5) Proof of the borrower's repayment ability (such as income certificate, payroll, personal tax bill and other assets, etc.). );
(6) The ownership certificate of the loan mortgage guarantee, and the certificate that the person with the right of disposition agrees to mortgage;
(7) Other supporting documents or materials required by the lender.
What is the procedure for Bank of Communications to borrow money to buy a car?
Bank of Communications credit card loan to buy a car conditions:
1, ID card, household registration book;
2. Personal tolerance certificate;
3. Have any bad records;
4. Bank running bills for the first three months;
5. Proof of real estate (if there is no real estate, you can find a local real estate license as a guarantee, and the guarantor can apply for a loan if he meets the loan conditions).
When the car loan is paid off, you need to go through the mortgage cancellation procedures and get back the car property certificate, so that the car really belongs to you. , when handling the mortgage cancellation registration procedures, you must prepare the following information:
1. Valid identification documents of the borrower, the applicant and the vehicle owner;
2. The loan contract signed with the bank;
3. Loan repayment card;
4. Original motor vehicle registration certificate.
Can the Bank of Communications credit card buy a car in installments?
Of course.
According to the credit status of credit card holders, banks will increase the installment quota of their credit cards to meet the needs of cardholders to buy designated brand cars during the disposal period of designated dealers. Cardholders can repay the car purchase money in monthly installments only by bearing a certain handling fee, which fully reduces the repayment pressure.
Handling fee: You don't need to pay bank loan interest to buy a car by installment with a credit card, but you have to bear a one-time handling fee. Handling fee = installment amount × cardholder's handling fee rate (the handling fee is included in the first month's bill after installment purchase), and the handling fee rate of each bank is different.
Loan Term: Generally, the longest term of car purchase by installment is 24 months.
Down payment: If you buy a car by credit card, you generally need to pay a down payment of not less than 30% of the car price.
Limit: The bank has regulations on the credit card installment loan amount. For example, CCB stipulates that the installment amount range of car purchase is 200,000-200,000.
Extended data
Repayment method
1, within the issuing bank
This method includes: issuing bank counter, ATM, online banking, automatic transfer, telephone banking repayment, etc. The credit card limit will be restored immediately after repayment, and the money will generally be recorded after being processed by the system on the same day.
2. Transfer/remittance repayment
Mainly divided into two ways: inter-bank in the same city and inter-bank in different places. Whether it is transfer or remittance, the remittance bank will charge a certain fee, and the payment time and repayment convenience are not as good as those of peers, online repayment and convenience stores.
3. Online repayment
Common domestic network platforms are: UnionPay Online, Kuaiqian, Shengfutong, Alipay, Tenpay and so on. Choose different platforms and banks, and the charging standards and specific arrival time are different.