You can borrow money to buy a car, and all cars can also borrow money. At present, there are two ways to borrow the whole car, one is to mortgage the car; In addition, don't detain the car and press the formalities.

Among them, the loan amount for handling automobile mortgage procedures will be relatively high, and the maximum loan amount can reach 90% of the assessed value of the vehicle. However, this loan method needs to hand over the vehicle, that is, the owner needs to hand over the vehicle to the other party after the vehicle mortgage registration. As for the second method, although the borrower can still use the vehicle after the vehicle mortgage registration, the maximum loan amount is only 80% of the vehicle evaluation value.

At present, all major banks provide mortgage loans, and you can go to the bank for a full car loan. You can apply for a mortgage loan with a full car in your name, and you can go to any bank. But it is best to choose national joint-stock commercial banks, because larger banks have more funds and better services, such as Ping An Bank, China Merchants Bank, China Construction Bank and Industrial and Commercial Bank.

If you want to get a smooth loan for the whole car, you need not only the car that the owner mortgaged has enough value, but also good credit, stable income and the ability to repay the loan principal and interest on time.

Conditions for applying for full automobile loan

1. The loan applicant must be at least 18 years old and have full capacity for civil conduct;

2. Good credit record, no overdue information about other car loans, a fixed occupation or business, and predictable repayment sources;

3 there is a clear purpose of borrowing, and the purpose of borrowing should be reasonable and legal;

4. Have a local account. If it is a foreign hukou, you need to live and work in the city where you apply for a loan for a long time;

5. The borrower must be the owner of the vehicle, and the vehicle is a non-modified, used car maintenance and car loan industry employee;

6. The vehicle license plate is a local license plate, and there has been no major accident in the vehicle;

7. The service life of the vehicle is less than 5 years, and the model can be a car or a commercial vehicle;

8. Registration certificate, driving license, driver's license, insurance policy, spare key, etc. Is complete;

9. The vehicle has been purchased for more than 3 months, and the owner has no criminal record of reeducation through labor or has been reeducated through labor.

How to get a car loan

1. After selecting the vehicle to be purchased, the borrower applies for a loan from the lending institution and submits relevant materials. 2 lending institutions to investigate and review the application materials submitted by the borrower. 3. After passing the examination, the borrower signs a loan-related contract with the lending institution. 4. The borrower handles mortgage registration and other procedures. 5. After all formalities are completed, the lending institution will issue the loan amount, and the borrower will take the relevant documents to the dealer to pick up the car.

How to borrow a car loan?

Car loans are handled as follows:

1. The applicant chooses a car in the 4S shop, negotiates the price with the dealer, pays the down payment, and then signs a car purchase contract;

2. Go to the loan bank with the car purchase contract, ID card and real estate license, fill in the loan application form and submit the materials;

3. The bank accepts the loan application and reviews and evaluates the application;

4. Sign a loan contract with the applicant after examination and approval;

5. The applicant shall cooperate with the loan bank to complete the follow-up procedures, including mortgage registration and notarization;

6. The loan bank transfers the money to the account of the car dealer, and the applicant picks up the car in the 4S store.

Extended reading

Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks provide RMB-guaranteed loans to car buyers who buy cars at their special dealers. The interest rate of automobile consumption loan refers to the ratio of the loan amount to the principal of a self-use car (non-profit family car or commercial car with 7 seats or less) purchased by the bank to the consumer, that is, the borrower. The higher the interest rate, the greater the repayment amount of consumers.

The conditions required for a car loan are:

1. Have valid identity documents and full capacity for civil conduct;

2. Can provide proof of fixed and detailed address;

3. Have a stable occupation and the ability to repay the loan principal and interest on schedule;

4. Personal social credit is good;

5. Holding a car purchase contract or agreement approved by the lender;

6. Other conditions stipulated by the Cooperation Organization.

Automobile loan process:

1. Lead the customer to the bank's special dealer to choose a car and sign a car purchase agreement or contract;

2. The borrower applies to the loan bank for personal automobile mortgage;

3. Sign the contract with the consent of the investigation;

4. Go through the formalities of notarization and mortgage of automobiles.

5. The lender handles the loan;

6. After the loan is paid off, the lender cancels the pledge certificate and returns it to the customer.

Potential borrower

The borrower must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct.

deadline

The term of automobile consumption loan is generally 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.

I just bought my car in full. Can I apply for loan installment?

I bought the car in full, so I can't apply for a car loan. Automobile loan process:

1. Buy a car from a dealer who is qualified to cooperate with the bank and sign a car purchase contract.

2. Fill in the loan application form at the dealer (or bank), and pay attention to the loan amount and term.

Bring relevant documents (usually ID card, marriage certificate, income certificate, driver's license-it can be someone else's, driving license, vehicle registration certificate) and your spouse (if any) to go to the bank with the dealer.

Sign the loan contract, chattel mortgage list and other related documents at the bank (banks generally require face-to-face signing to prevent fraud, so it is better to go there), then check the loan amount with the bank staff, and calculate the mortgage payment and performance guarantee insurance for each period according to the loan amount (the insurance calculation method is% of the total number of mortgage loans per month). This insurance can be partially returned after you repay the loan in advance (don't forget to ask for it when friends who repay the loan in advance arrive, generally)

3. Get on the bus and go to the vehicle management office with the dealer to handle the vehicle mortgage registration procedures. Of course, you should bring all the relevant information, but you don't have to worry at this time. Banks and dealers will usually prepare for you, such as contracts, mortgage lists, vehicle engine numbers and frame numbers, vehicle registration certificates, etc. After handling, the vehicle management office will print your mortgage amount and the receiving bank on the vehicle registration certificate.

Let's talk about how to get a loan after buying a car in full.