The Measures for the Administration of Automobile Loans have corresponding provisions:

Article 9 A borrower applying for an individual car loan shall meet the following conditions:

(1) People's Republic of China (PRC) citizens, or Hong Kong, Macao and Taiwan residents and foreigners who have lived in People's Republic of China (PRC) for more than one year (including one year);

(2) Having a valid identity document, a fixed detailed address and full capacity for civil conduct;

(3)

Personal legal assets with stable legal income or sufficient to repay the loan principal and interest;

(4) Good personal credit;

(5) Having the ability to pay the required down payment;

(6) Other conditions required by the lender.

Extended data:

Relevant provisions of the Measures for the Administration of Automobile Loans:

Article 24 When granting auto loans, the lender shall require the borrower to provide mortgage or other effective guarantee for the purchased car. If the lender confirms that the borrower's credit is good after examination and evaluation and can really repay the loan, it shall not provide guarantee.

An auto financing company shall, in accordance with the relevant provisions of the CBRC and its branches, regularly submit financial and accounting reports signed by the legal representative of the company to the local CBRC branch, report on the realization of various regulatory indicators and other materials required by the CBRC and its branches.

Article 25 The lender shall directly or entrust a designated dealer to accept the application for auto loan, improve the separation system of loan examination, and strengthen the pre-loan examination and post-loan follow-up collection. The lender shall establish a second-hand car market information database and a second-hand car residual value evaluation system.

Baidu Encyclopedia-Measures for the Administration of Automobile Loans