Recently, the central bank and the China Banking Regulatory Commission jointly issued the Notice on Adjusting Policies Related to Automobile Loans, announcing that the maximum loan ratio for self-use traditional power vehicles is 80%, that for commercial traditional power vehicles is 70%, that for self-use new energy vehicles is 85%, that for commercial new energy vehicles is 75%, and that for used cars is 75%.

Beijing: The car loan interest rates of the four major banks are basically the same. The total car loan expense ratio of China Construction Bank 1, 2/and 3/years is 4%, 8% and 12% respectively.

The total interest rates of car loans of ICBC and BOC for two and three years are exactly the same as those of CCB, which are 8% and 12%, while the car loans of ICBC 1 year are slightly higher, which are both 5%.

The total car loan interest rate of ABC 1 year is also 5%, and the total car loan interest rate of 2 years is between 8%- 10%. According to different customer qualifications, the interest rate is different, and it is 12% for three years.

Shanghai: Some banks need Shanghai licenses, and ICBC car loans must have license plates. The total interest rate of one-year car loan is 3.9 1%, the two-year car loan is 7.62%, and the three-year car loan is 1 1.28%, and the corresponding annualized loan interest rates are 7.2%, 7.3% and 7.3% respectively.

The minimum annualized interest rate of car loans provided by Agricultural Bank of China, Bank of China and China Construction Bank will not be lower than the benchmark interest rate according to the vehicle type, personal credit, qualification and credit card.

Shenzhen: ICBC and ABC each have interest rate advantages. The total interest rates of CCB 1 year, 2-year and 3-year are 4%, 8% and 12% respectively. At present, ICBC's total car loan interest rates for high-quality customers are 1 year, 2-year and 3-year respectively, which are 3.58%, 7.05% and 10.43%. Among them, 1 year and 2-year car loans are the lowest among the four major banks in Shenzhen. Investors are advised to apply for 1 year or 2-year car loans first.

Agricultural Bank of China's three-year car loan is the most favorable, with a total interest rate of only 9.5%, but the requirements are relatively high, and you must have real estate to handle it. For qualified individuals, Shenzhen 3-year car loan is the first choice.

The interest rate policy of Bank of China is in the middle, with the car loan interest rates of 2-year and 3-year premium customers being 7.5% and 10.5% respectively.