There are some requirements for the applicant's credit score for a car loan, but they are not particularly strict, and the lender usually decides whether to approve the loan based on the applicant's credit history. Under normal circumstances, borrowers can qualify for a loan if they have not had three consecutive or a total of six late payments in the past two years and are not currently past due when applying for a car loan. However, whether or not a loan can be successful does not depend only on credit, but also on whether or not the applicant's ability to repay the loan meets the requirements.

Only the following conditions need to be met:

1, income to meet the standard

General lending institutions for those who want to buy a car loan, the income requirement is not less than two times the monthly payment, after all, daily life in the spend a lot of money, and a lot of people rely on the salary of the living, if in the case of low income, after deducting the daily expenses, the remaining will be very few, this time if you also have to bear the burden of the car. This time, if you still carry a car loan, it is very likely that the repayment ability is insufficient, which for the lending institutions, the risk of overdue is still very high, the probability will be rejected. Therefore, if you do not want to appear such a situation, you can increase the *** with the borrower, like parents, spouse, children can, but the vehicle title belongs only to the borrower, other people are only responsible for *** with the repayment.

2, water to pass

for car loans are usually to provide bank water, it is best to be able to provide salary water, fixed date and fixed amount per month, and lasted more than half a year, so that will get the trust of the lending institutions and goodwill, will allow the lending institutions to recognize the applicant's ability to repay. If there is no salary current water, it does not matter, you can also choose to choose to self-storage current water, the requirements are similar, the key is that the applicant's funds have to be overnight, you can not just deposit and then turn out. Here it should be noted that if there is *** with the borrower, you also need to provide both sides of the bank water, so that the two people's water will be easier to add up to the standard, the success rate will naturally increase a lot.