The following conditions are required for a loan to buy a car:

1. Full capacity for civil behavior.

2, with permanent residence and valid residence status.

3, car mortgage lender must have a fixed unit occupation and long-term stable income.

4, vehicle mortgage lender has no loan criminal record and bad credit record, good social credit.

5, vehicle mortgage lenders married age of 22 years old to 55 years old, women shall not exceed 50 years old. Unmarried is required to provide a third party irrevocable joint and several guarantee (the requirements of the third party guarantor are equivalent to those of the lender). Down payment must exceed 20%. Depending on the requirements of the unit you are applying for a loan from, this can usually be increased by 30%.

Expanded Information:

Loan application process for purchasing a car:

1. Customer application. Customers should apply to the bank, while filling out the application form in writing and submitting relevant materials;

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

3. Loan. The loan approved by the bank, after the completion of the formalities, will be transferred directly to the car dealer's account according to the transfer method agreed in the contract;

4, repayment on time. The borrower should repay the principal and interest of the loan in accordance with the repayment plan and method agreed in the loan contract;

5. Loan settlement. Loan settlement is divided into normal settlement and early settlement.

Normal settlement: in the loan maturity date (one-time repayment of principal and interest) or the last installment (installment repayment) to settle the loan;

Early settlement: before the loan maturity date, the borrower to settle part or all of the loan in advance, it should be in accordance with the loan contract agreed to advance the application to the bank, approved by the bank to the designated accounting counter repayment.

After the loan is settled, the borrower, with his valid identity document and the certificate of loan settlement issued by the bank, retrieves the legal documents and relevant supporting documents received by the bank, and goes to the original mortgage registration department with the certificate of loan settlement to apply for mortgage registration cancellation.

Baidu Encyclopedia - Loan to buy a car