What should I do if a new car is too expensive? Many people choose used car loans. As long as many expensive second-hand cars are generally acceptable, some consumers will start to buy second-hand cars with mortgages. Second-hand car loans are booming, and various banks have also developed second-hand car loan businesses. How to borrow a second-hand car from a bank? Let’s introduce ICBC’s second-hand car loan.

First of all, let’s take a look at the definition of second-hand car loans: Second-hand car loans, also known as second-hand car mortgage loans, refer to a type of loan issued by Industrial and Commercial Bank of China to individual borrowers for the purchase of second-hand cars for consumers’ own use. , and use the purchased vehicle as collateral for mortgage.

ICBC second-hand car loan application conditions:

The borrower’s age is 22-60 years old for men and 20-55 years old for women.

Have a fixed residence in China, a fixed residence (or valid certificate) in a local town, and have full capacity for civil conduct.

Have a legal occupation and a stable source of income (monthly salary income must be more than 1,000 yuan), and have the ability to repay the principal and interest of the loan on schedule.

The borrower's unit must be an administrative, enterprise or institution recognized by the bank and have a good cooperative relationship with the bank, and the bank will pay wages on its behalf.

Abide by laws and regulations, and have no illegal behavior or bad records.

Single borrowers need to provide a guarantor (usually their parents)

Materials required for ICBC used car loan application:

Proof of identity: Identity of both spouses Certificate, household registration book, marriage certificate (singles need to provide single certificate and household registration certificate issued by the civil affairs department).

Proof of residence: Real estate certificate and land use right certificate in my name.

Income certificate issued by the workplace

Vehicle compulsory traffic insurance (if not, you can insure it together with the mortgage loan)

Vehicle driving license

Vehicle Registration Certificate

Second-hand car transaction invoice (the transaction price should be equal to the car price)