The procedure for buying a car loan is:

1. Provide ID cards, proof of economic income and other documents and materials required by the cooperation organization;

2. Bring materials to the loan bank to apply for personal automobile mortgage;

3. The lender shall evaluate the credit rating and guarantee of the borrower, determine the loan amount, term, interest rate and repayment method, and issue the loan.

legal ground

Article 10 of the Measures for the Administration of Automobile Loans

When granting personal car loans, the lender shall comprehensively consider the following factors to determine loan conditions such as loan amount, term, interest rate and repayment method:

(a) the lender's credit rating of the borrower;

(2) loan guarantee;

(three) the performance and use of the purchased car;

(four) the development of the automobile industry and the supply and demand of the automobile market.

The process of car loan: 1. The borrower brings ID card, motor vehicle registration certificate, driving license and other materials to the bank to fill in the loan application form and submit the materials. Two, the bank to review the information submitted by the borrower. Three, professionals to evaluate the loan vehicle. Fourth, the bank determines the loan amount according to the assessed value of the car (generally speaking, the loan amount will not exceed 70% of the assessed value of the car). 5. Sign a loan contract. Clear the loan amount, loan term, loan interest rate and other related rights and interests. 6. Go through the formalities of automobile mortgage and obtain the vehicle registration certificate. 5. Bank loans.

It should be noted that at present, most car loans can only be mortgaged, not mortgaged.

How to get a loan to buy a car

1. Be optimistic about the purchased vehicle, and the lender applies for a car loan.

2. Fill in the automobile consumption loan application form, credit information questionnaire and personal information certification materials and submit them to the loan bank.

3. Bank investigation and approval

4. After approval, the borrower fills in the loan contract, guarantee contract and mortgage contract, and goes through the mortgage registration and insurance procedures.

5. When the bank issues the loan, the borrower pays the down payment to the car dealer, and handles the car pick-up formalities with the passbook and the car pick-up note issued by the bank.

Precautions:

Loans to buy a car in a 4s shop generally require a handling fee. Because of the procedures of vehicle mortgage and insurance, the handling fees included in the loan are mainly compulsory insurance, vehicle and vessel use tax, commercial insurance and license fee. In terms of commercial insurance, there are no relevant mandatory regulations, but 4S stores often require car buyers to buy them.

Under normal circumstances, the annual interest rate of loans within one year (including one year) is 5.6%, loans from one year to five years (including five years) are 6%, and loans over five years are 6.15%; Generally, the interest rate of bank car loans will go up, but it will be different without the bank floating up. Generally speaking, the interest rate of bank car loans should rise 10%-50% on this basis, and the buyers with specific interest rates should go to the local bank for consultation.

What's with the car loan? Be more specific.

Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.

Loan to buy a car refers to the loan issued by the lender to the borrower who applies for buying a car. In fact, it is to borrow money from financial institutions to buy a car. However, financial institutions require car buyers to pay a certain percentage of down payment and provide proof of repayment ability. They have no bad credit record and must meet the requirements of financial institutions before they can apply for a loan to buy a car.

To apply for a car loan, you must buy a limited range of cars at a special dealer recognized by the bank and apply for a car loan.

Loan buyers must also meet the following conditions:

(1) The car buyer must be at least 18 years old and a citizen of China with full civil capacity.

(2) Car buyers must have a relatively stable job, a relatively stable economic income or assets that can be easily realized, in order to repay the loan principal and interest on schedule. Assets that are easy to realize here generally refer to securities and gold and silver products.

(3) During the loan application period, the car buyer shall deposit no less than the down payment stipulated by the bank in the account of the bank savings counter.

(4) Providing banks with bank-approved guarantees. If the personal account of the car buyer is not local, it should also provide joint liability guarantee, and the bank will not accept the mortgage set by the car buyer for the car purchased by the loan.

(5) Car buyers are willing to accept other conditions deemed necessary by the bank.

If the applicant is an enterprise or institution with legal personality, it shall meet the following conditions:

(1) has the ability to repay bank loans;

(2) During the loan application period, there is no less than the down payment for car purchase stipulated by the bank and deposited in the accounting department of the bank;

(3) Providing recognized guarantees to banks;

(4) Willing to accept other necessary conditions proposed by the bank.

The special dealer referred to in the loan refers to the automobile dealer who is selected by the branches at all levels of the bank according to the financial strength, market share, credibility and other factors of the dealer, and then reported to the head office, and signed an automobile consumption loan cooperation agreement with each branch after confirmation by the head office.

information needed

1: personal loan application;

2. Personal valid identity documents. Including identity cards, household registration books, military officers' cards, passports, and travel passes for compatriots from Hong Kong, Macao and Taiwan. If the borrower is married, the identity certificate of the spouse shall be provided;

3. Household registration certificate or long-term residence certificate;

4. Personal income certificate, family income or property certificate when necessary;

5. Certificate of intention to buy a car issued by the car dealer;

6: Loan to buy a car down payment certificate;

7. If the purchased vehicle is secured by other means than mortgage, the relevant materials of the guarantee shall be provided, including the pledge certificate, the ownership certificate and evaluation certificate of the mortgaged real estate, and the letter of intent for third-party guarantee, etc.

8. If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the affiliation agreement and lease agreement for the vehicle to be affiliated with the transport fleet;

9. The vehicle purchased by the loan is a second-hand car, and it is also necessary to provide a certificate of intention to buy a car and a vehicle evaluation report issued by an evaluation agency recognized by CCB; Vehicle ownership certificate of vehicle seller, motor vehicle registration certificate of trading vehicle, annual inspection certificate of vehicle, etc.

The loan car interest is calculated as follows:

Based on the initial loan amount, it is calculated according to the bank loan interest rate when signing the contract. If the bank interest rate changes during the repayment period, it will be adjusted with the interest rate and remain unchanged for one year.

How to calculate the monthly loan for car purchase? Automobile dealers generally use the method of equal monthly repayment of principal and interest, and the calculation formula is:

Monthly repayment amount = loan principal × monthly interest rate loan principal × monthly interest rate ÷ car loan period.

Taking one month as a cycle, the current loan car purchase cycle does not exceed 60 periods (that is, 5 years), but it needs to be determined according to the user's situation, model and purpose. If the purchased vehicle is used for business purposes such as rental operation and car rental, the longest period is generally not more than 36 periods (i.e. 3 years).

Extended data

There are three ways to buy a car by loan: credit card installment, automobile enterprise finance company loan and bank loan. This paper analyzes how to choose the appropriate loan car purchase method.

Buy a car by installment with a credit card

Credit card installment purchase has great restrictions on the amount and repayment interest rate, and the credit card amount cannot exceed the credit limit of the credit card. Suitable for consumers who lack a small amount of car purchase funds. Some banks with stable income can complete the examination and approval in a few hours at the earliest, and generally have no household registration and property restrictions.

Generally, it is based on the actual market price, and it is not necessary to carry out some products with zero commission according to the enterprise guidance price.

Bank personal car loan

The interest rate is relatively low, slightly floating on the basis of the benchmark interest rate of the central bank, and the examination procedures are complicated, which requires higher professional income and credit of lenders. Moreover, some banks have taken preferential measures such as reducing the down payment ratio, extending the loan term and lowering the loan interest rate according to the credit qualification of customers. However, the disadvantage is that the application procedure is complicated, and the buyer needs to provide a series of proof materials and an effective pledge of rights or a third-party guarantee with compensatory ability recognized by the bank.

Auto finance company loan

Flexible repayment, simple procedures and faster lending. In terms of loan conditions, auto finance companies pay more attention to the personal credit of car buyers, taking education, income and work as reference standards, and do not need to pledge like banks, and foreign household registration will not become an obstacle to obtaining loans. Generally speaking, the materials that the lender must provide are: my household registration book, ID card, a copy of the household registration book, and the original proof of residence and income.