1, customer application.

Apply to the bank, fill in the application form in writing, and submit relevant materials at the same time;

2. Sign the contract.

After the application materials submitted by the borrower are approved by the bank, the two parties sign a loan contract and a guarantee contract, and go through the relevant notarization and mortgage registration procedures as appropriate;

3. issue loans.

After all the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer account by the bank according to the contract;

4. Repay on schedule.

The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

5. loan settlement.

Extended data

Matters needing attention in loan to buy a car

When making a loan, you must read the contract carefully, and the contract should include all mortgage information: lender, loan amount, loan term, handling fee, interest, deposit, monthly payment, liquidated damages for early repayment, resale of vehicles and other information, so that even if there is a dispute, you can defend your rights with the loan contract.

Whether to buy a car in full or with a loan depends on your own needs. Even if there is a cheap loan, we should pay attention to whether there are any additional conditions. To sign a loan contract, keep the loan certificate.

The contract shall reflect the detailed information of the loan: lender, loan amount, loan term, monthly repayment amount of the loan, extra loan expenses, liquidated damages for early repayment, matters needing attention in vehicle resale, insurance bundling, mortgage if any, and disposal method of collateral, etc.

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