Loans within one year have no interest.
If the discount interest for 2-3 years is not fixed, the discount interest shall be calculated according to the discount amount, discount days (the days from the date when the bank pays the discounted bill to the discount unit to the day before the bill expires) and the discount rate. This figure is much higher than that without interest.
2. What do you mean by1year interest-free or 2-3 years discount?
No interest is charged in the first year, and some interest is reduced or exempted in the second and third years.
3. BYD's interest-free policy?
The three-year interest-free condition of BYD Finance is 50% down payment and 50% of the car loan value! Suppose your driving expenses are 220,000 yuan, then you can borrow 1 10000 yuan, interest-free for three years! At present, the only three-year interest-free models are Han EV, Han DM, Tang DM and Tang EV! Other models are temporarily unavailable!
First, BYD zero down payment interest-free loans to buy a car conditions
1, a natural person with full capacity for civil conduct
2. Have a local permanent residence or valid residence status and a fixed detailed address.
3. Have a legal occupation and a stable and reliable source of income, and have the ability to repay the loan principal and interest on schedule.
4. Holding the agreement or contract for the purchase of designated brand cars signed with the BYD dealer of the lender.
5. To provide property mortgage, pledge or third-party guarantee recognized by the lender, the guarantor shall be an individual or unit recognized by the lender with compensatory ability and joint liability.
6. If the buyer is a husband and wife or a family member, he must be present to apply. If one party cannot be present for any reason, it shall fill in the power of attorney and sign and seal it.
7. The down payment shall not be lower than the bank designated by the lender.
8. Implement other loan conditions stipulated by the loan bank.
As long as you meet the appeal conditions, you can apply for BYD zero down payment interest-free loan to buy a car, so BYD Qin can pay zero down payment.
4. What do you mean by1year interest-free or 2-3 years discount?
Loans within one year have no interest.
If the discount interest for 2-3 years is not fixed, the discount interest shall be calculated according to the discount amount, discount days (the days from the date when the bank pays the discounted bill to the discount unit to the day before the bill expires) and the discount rate. This figure is much higher than that without interest.