2. If the car loan is handled through the guarantee company, after the loan institution successfully deducts the advance payment, it will go to the guarantee company to obtain the vehicle ownership certificate and go through the settlement formalities with the corresponding settlement voucher; If it is directly mortgaged to a lending institution, the loan shall be recovered together with the settlement certificate when it is settled.
3. Take the vehicle ownership certificate and the procedures for lifting the charges to the vehicle management office in the jurisdiction to understand the procedures for charging.
Extended data:
Prepayment is generally divided into two ways: partial prepayment and full prepayment.
According to the different repayment methods, the borrower can choose to reduce the term or amount. It is understood that at present, most banks can provide five ways to repay loans in advance for customers to choose from.
First, all loans are repaid in advance, that is, customers pay off all remaining loans at one time. (There is no need to repay the interest, but it will not be refunded if it is paid)
Second, a part of the loan will be repaid in advance, and the monthly repayment amount of the remaining loan will remain unchanged, thus shortening the repayment cycle. (save more interest)
Third, repay some loans in advance, reduce the monthly repayment amount of the remaining loans, and keep the repayment period unchanged. (Reduce the monthly payment burden, but less than the second type)
Fourth, repay some loans in advance, reduce the monthly repayment amount of the remaining loans and shorten the repayment cycle. (save more interest)
Fifth, the remaining loans keep the total principal unchanged and only shorten the repayment period. (The monthly payment will increase and the interest will decrease, but it is relatively uneconomical.)
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