Necessary conditions for applying for a car loan
1. Individuals should have stable professional and economic income or assets that can be easily realized, enough to repay the loan principal and interest on schedule.
2. Self-owned funds are sufficient to pay the down payment for car purchase stipulated by the bank.
3. A bank-approved guarantee must be provided.
4. Willing to accept other conditions deemed necessary by the bank.
5. Review the procedures for car purchase by loan.
6. Pre-loan investigation: the loan applicant carefully fills in the Pre-loan Pre-examination Form and submits it to the bank for preliminary examination.
7. The bank initially completed the loan qualification examination of the applicant through the "Pre-loan Pre-examination Form". For applicants who meet the bank loan standards, the bank informs the loan applicants to prepare personal loan application materials.
Personal loan application form, materials for handling loan car purchase procedures;
Personal valid identity document. Including identity cards, household registration books, military officers' cards, passports, and travel passes for compatriots from Hong Kong, Macao and Taiwan. If the borrower is married, the identity certificate of the spouse shall be provided;
Household registration certificate or long-term residence certificate;
Personal income certificate, and provide family income or property certificate when necessary;
Certificate of intention to buy a car issued by the car dealer;
Proof of down payment for car purchase;
If the purchased vehicle is secured by other means than mortgage, relevant materials of the guarantee shall be provided, including the pledge certificate of rights, the ownership and evaluation certificate of mortgaged real estate, and the letter of intent for third-party guarantee, etc. ;
If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the attachment agreement and lease agreement for the vehicle to be attached to the transport fleet;
The vehicle purchased by the loan is a second-hand car, and it is also necessary to provide a car purchase intention certificate and a vehicle evaluation report issued by an evaluation agency recognized by the bank; Vehicle ownership certificate of vehicle seller, motor vehicle registration certificate of trading vehicle, annual inspection certificate of vehicle, etc.
Four details of handling loan and car purchase procedures