If you apply for a commercial car loan with China Merchants Bank, it needs to be a brand new non-commercial vehicle under your name.

The maximum loan amount shall not exceed 80% of the purchased vehicle price (excluding various additional taxes and premiums). The maximum loan amount of a personal car loan for imported cars shall not exceed 70% of the purchased vehicle price (excluding various additional taxes and premiums). The minimum amount can be further confirmed with the loan agency.

Or you can go to the next section to learn about our bank's "Chegoyi" product, which means that our bank provides a certain amount of installment limit based on the credit card holder's credit status to meet the cardholder's needs at designated dealerships. The demand of merchants to purchase designated brand cars in installments. Cardholders only need to bear a certain handling fee to repay the car purchase amount in monthly installments. It is a new car loan model that fully reduces the repayment pressure. For questions about my car purchase, you can log in to the credit card website and click "Credit Financial Management" "-"Car installment" query.