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Is it illegal to buy a car by compulsory loan?
Legal analysis: it is illegal to buy a car by compulsory loan, and the materials needed to apply for a loan are:

1. Valid ID;

2 permanent residence information or effective residence information, as well as fixed residence information;

3. Marital status information;

4. Income data or personal assets status data;

5. Use plan or loan purpose statement;

6. Other information specified in the loan.

Legal basis: Civil Code of People's Republic of China (PRC).

Article 679 A loan contract between natural persons is established when the lender provides the loan.

Article 680 usury is prohibited and the loan interest rate shall not violate the relevant provisions of the state. If there is no agreement on the payment of interest in the loan contract, it shall be deemed that there is no interest. If the loan contract does not specify the payment method of interest, and the parties cannot reach a supplementary agreement, the interest shall be determined according to the local or the parties' trading methods, trading habits, market interest rates and other factors; Loans between natural persons are regarded as interest-free.