Automobile mortgage:

It is a loan obtained from a financial institution or an automobile consumption loan company with the borrower's or a third person's car or self-purchased car as collateral. At present, the main purpose of loans secured by automobiles is automobile consumption.

Cars depreciate quickly, and traffic accidents have a high probability of affecting the value of vehicles. Banks generally do not provide car mortgage services, and generally need to find private professional credit institutions to apply for such services.

Car loans are divided into two forms: parking and non-parking.

1. car parking: the car is kept by the company, and there is a special parking lot for cars, which is watched by a special person 24 hours a day, and the car is regularly ignited and warmed up.

2. Don't mortgage the car: customers can choose to apply for mortgage only in the company, and the car is still for their own use, which requires mortgage registration. The loan business is flexible and fast, and the amount can generally reach 70-80% of the assessed amount. Generally, the loan can be released on the same day when the formalities are complete. Hard and fast rules of vehicle mortgage loan: the car under the name of an individual, the full amount and the car within the service life.

The car mortgage process is as follows:

1. Please go to the bank to learn about the situation and apply for a mortgage loan with all the information;

2. Accept the bank's review of vehicle information and determine the loan amount;

3. Deal with the loan contract and the bank will insure it;

4, for vehicle property mortgage registration and notarization;

Finally, the bank issues loans.

Relevant laws:

Article 12 of the Interim Measures for Personal Loans

The lender shall require the borrower to apply for a personal loan in writing, and require the borrower to provide relevant information that can prove that it meets the loan conditions.

Article 13 of the Interim Measures for Personal Loans

After accepting the borrower's loan application, the lender shall fulfill the obligation of due diligence, investigate and verify the authenticity, accuracy and completeness of the personal loan application content and related information, and form an investigation and evaluation opinion.

Article 23 of the Interim Measures for Personal Loans

The lender shall sign a written loan contract with the borrower, and a guarantee contract shall be signed at the same time if a guarantee is needed. The lender shall require the borrower to sign the loan contract and other relevant documents in person, except for loans handled through electronic banking channels.