After the cancellation of vehicle mortgage registration, the borrower must go to the vehicle management office to cancel the mortgage registration and get back the vehicle property certificate, so that the vehicle can truly belong to him.

When handling the mortgage cancellation registration procedures, the following materials must be prepared:

1. Valid identification documents of the borrower, the applicant and the vehicle owner;

2. The loan contract signed with the bank;

3. Loan repayment card;

4. Original motor vehicle registration certificate.

There is also the change of the first beneficiary of auto insurance. Previously, the first beneficiary of buying auto insurance was restricted by the conditions proposed by the lending institution. Therefore, after all the car loans are settled, don't forget to change the first beneficiary of insurance to yourself.

Basic conditions for applying for a car loan:

1,/kloc-citizens over 0/8 years old with full capacity for civil conduct;

2. Have legal identity documents, local permanent residence or valid residence certificates;

The process of buying a car with a loan:

1. The borrower submits the 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 the borrower;

4. The bank examines and approves the loan application that meets the loan conditions through preliminary examination and credit investigation;

5. If it is approved, notify the borrower to go through relevant procedures such as signing, lending, mortgage or pledge; If it fails to pass the examination and approval, it shall explain to the borrower;

6. After the loan contract comes into effect, the handling bank will issue loans. Special loan method is adopted, that is, according to the loan contract, the handling bank directly transfers the loan to the dealer account of the borrower's car purchase.

Information to be prepared when applying for a loan to buy a car:

1, personal loan application;

2. Personal valid identity documents. Including identity cards, household registration books, military officers' cards, passports, and travel passes for compatriots from Hong Kong, Macao and Taiwan. If the borrower is married, the identity certificate of the spouse shall be provided;

3. Household registration certificate or long-term residence certificate;

4, personal income certificate, provide proof of family income or property when necessary;

5. Certificate of intention to buy a car issued by the car dealer;

6. Loan to buy a car down payment certificate;

7. If the purchased vehicle is secured by other means other than mortgage, the relevant materials of the guarantee shall be provided, including the pledge certificate, the ownership certificate and evaluation certificate of the mortgaged real estate, and the letter of intent for third-party guarantee, etc.

8. If the vehicle purchased by the loan is a commercial vehicle, it is also necessary to provide proof that the purchased vehicle can be legally used for operation, such as the vehicle's affiliation agreement with the transport fleet and the lease agreement.