Loan to buy a car loan process:

1, customer application. Customers apply to the bank, fill in the application form in writing and submit relevant materials at the same time;

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

3. issue loans. After all the formalities are completed, the loan approved by the bank will be directly transferred to the car dealer account by the bank according to the contract;

4. Repay on schedule. The borrower repays the loan principal and interest according to the repayment plan and repayment method agreed in the loan contract;

5. loan settlement.

deadline

Usually the shortest is 6 months and the longest is 5 years. Shanghai Industrial and Commercial Bank can extend the automobile consumption loan under the official car reform to 8 years at the longest. The longest loan period of Shanghai Agricultural Bank for self-use vehicles is 5 years, and the longest loan period for operating vehicles is 3 years.

The loan interest rate is 4.2% for six months, 4.425% for 1 year, 4.575% for three years, 4.65% for five years and 4.8% for eight years (Shanghai Industrial and Commercial Bank).

5.04% in 6 months, 5.3 1 year, 5.49% in 3 years and 5.58% in 5 years (Shanghai Pudong Development Bank and China Construction Bank).

Repayment method

For loans with a term of less than 1 year, the principal and interest are generally repaid in one lump sum on the maturity date of the loan, and the interest is paid off together with the principal. There are two main repayment methods for loans over one year, and the calculation formula of monthly repayment interest is as follows:

Matching repayment method of principal and interest: total loan amount × monthly interest rate × monthly interest rate ÷[( 1 interest rate) Total repayment months-1].

Average repayment method: loan principal ÷ total repayment months (loan principal-accumulated repaid principal) × monthly interest rate.

According to statistics, many consumers prefer to borrow money to buy a car. Before buying a car with a loan, you need to fully understand relevant knowledge.

Pay attention to the black tricks of lending to buy a car.

The first black trick: make excuses in the process of car loan and charge more.

This is also the most commonly used trick of many car loan guarantee companies and car dealers, and it is also the best one, because friends who handle car loans are often eager to get a car, and there are few friends who know these expenses carefully in private. In addition, the current car loan industry is not very standardized, and there is no exact charging standard for car loans. Therefore, many car dealers have opened their mouths and added unwarranted fees everywhere. Even a project has several names and repeated charges. Cracking this trick is actually very simple. There is a lot of information on the internet now. Spend more time, shop around, and go to the jar to see the experiences of friends who used to apply for car loans. Basically, you can see through those fares. The trouble of remarriage, car loans have to be reissued.

The second trick is black trick: not handling car loans according to the agreed standards.

At present, there are many automobile loan guarantee companies. Many guarantee companies blow their services like flowers in order to win customers. Even many car loan companies often give many promises when consumers go through the formalities, but in fact these promises are mostly empty talk. After the auto loan contract was signed, many original promises could not be handled smoothly. At this time, if you go to them again, the loan company will often stick to it. Loan to buy a car, car loan or mortgage loan?

The third black trick: use the car purchase contract or agreement to deceive consumers.

When signing a car loan contract, some consumers indicate in the contract that the repayment method is "equal principal and interest repayment method", but consumers print the details of personal car loans in the bank as "increasing principal and decreasing interest". Obviously, the dealer (intermediary company) must have done something wrong.

Although the car loan policies of major banks are basically the same, they have their own characteristics, so individuals can learn about bank loans and make choices.

How to get a loan from the bank to buy a car? What are the procedures?

The process of handling car loan in the bank is:

1, prepare materials. The borrower needs to prepare his own ID card, work certificate, income certificate, residence certificate, loan use certificate and other materials;

2. apply. Bring materials to the bank to fill in the loan application form and submit materials;

3. Bank approval. The bank will investigate and approve the materials;

4. handle the guarantee. The borrower needs to go through mortgage guarantee and other procedures;

5. Sign a loan contract. If the borrower is approved, it can sign a contract with the bank;

6. loans. After signing the contract, the bank is ready to lend money.

Pay attention to buying a car and bank loans.

After the loan is completed, the bank will transfer the loan amount to the personal bank card. At this point, you need to pick up the car at the 4S shop and then pay the remaining 30% down payment. At this time, all expenses have been paid, and various taxes and fees need to be paid (of course, the 4S shop will assist individuals to complete all procedures).

After all formalities are completed, the vehicle registration certificate must be mortgaged in the bank, and individuals should take good tax payment certificates, invoices, vehicle driving licenses and other valid documents. After the vehicle loan is paid off, the 4S shop or the bank will notify the individual to go to the vehicle management office to go through the formalities of putting the car. At this time, the vehicle registration certificate will be considered as "own" car.

What are the procedures for a bank loan to buy a car?

1. The lender submits detailed loan application materials to the bank;

2. The bank conducts a preliminary examination of the application materials submitted by the borrower;

3. The bank conducts credit investigation and customer evaluation on auto lenders;

4. If it passes the preliminary examination and credit investigation of the bank, the loan application is approved;

5. After the customer's qualification and information are approved, you can sign a contract, go through mortgage registration, insurance and other procedures, sign a vehicle loan mortgage contract, one for the bank and one for the customer, and also sign an automobile sales contract, one for the dealership, one for the customer and one for the bank; If it fails to pass the examination and approval, the bank will explain to the borrower;

6. After the loan contract comes into effect, the handling bank will issue the loan, and the whole approval process will take 3-5 working days. The bank adopts the method of earmarking, that is, according to the contract, the handling bank directly transfers the loan to the 4S shop account where the borrower buys the car.

7. Handling car pick-up procedures: the borrower pays the down payment to the car dealer, handles the car pick-up procedures with the car pick-up form issued by the bank, puts on the license, and submits the car license, invoice, insurance policy, driving license, ID card and household registration book to the bank. After the mortgage, the bank will return the driving license, ID card and household registration book.

Extended data:

In the process of buying a car by mortgage, the bank requires customers to prepare personal information according to relevant regulations. Including: marriage certificate, identity card, real estate license, income certificate, residence permit (or temporary residence permit) and other copies. ), driver's license, etc. If you are an employee of a state-owned enterprise, you need to prepare a copy of your work permit. If you are an individual and private household, you need to submit a copy of your tax registration certificate, business license and other relevant documents. And a guarantor with a local account.

There are two ways to apply for mortgage to buy a car. One is to buy a car with personal credit mortgage (generally, you are required to have very good credit, no mortgage, no guarantee, stable work income and no bad hobbies). This form of car purchase can generally be loaned for 5 years. The other is to buy a car with real estate mortgage (with real estate license as mortgage). Generally, the mortgage loan for buying a car can last for up to 5 years. The down payment for both types of mortgages is above 30%. The interest rate is mainly determined according to your loan type and your personal qualifications.