1 Auto loan refers to the loan issued by the lender to the borrower who applies for buying a car, also called auto mortgage. \x0d\2 The borrower of an auto loan must be a permanent resident of the place where the loan bank is located and have full capacity for civil conduct. \x0d\3 The borrower has a stable occupation, the ability to repay the loan principal and interest, and good credit; Can provide recognized assets as collateral or pledge, or a third person with sufficient compensatory ability as a guarantor to repay the principal and interest of the loan and bear joint liability. \x0d\4 The maximum loan amount generally does not exceed 80% of the selling price of the purchased car, and the term is generally 1~3 years.