Now, if you need capital turnover, it is relatively simple to apply for a car mortgage, because it is easier to get a loan with a car as collateral, and many people don't know much about it, so can banks do car mortgage?

Can banks be automobile mortgage?

Yes, banks can be automobile mortgage. It should be noted that different banks may have different requirements for vehicle mortgage loans, and the specific situation shall be subject to the consulting bank. Usually going to the bank to make a vehicle mortgage loan usually needs to meet the following conditions:

1. They have legal identification and residence status, and are generally adults.

2. Have a stable and legal source of economic income and the ability to repay the loan principal and interest on time.

3. Personal credit is good, and there is no bad record or serious negative information in the credit report.

4. Mortgaged vehicles have sufficient value space. Generally speaking, the loan amount is generally about 50% to 80% of the assessed value of the mortgaged vehicle.

5. It is necessary to provide effective rights pledge or collateral recognized by the bank or a third-party guarantee with compensatory ability.

6. It is necessary to drive the mortgaged vehicle to the designated evaluation center for evaluation according to the requirements of the bank.

7. You need to wait for the bank to review the loan, sign a loan contract with the bank after the approval, and then go to the vehicle management office for mortgage procedures and notarization.