1. How much can you borrow for a car mortgage bank loan?
The amount you can borrow for a car mortgage loan is 70% of the assessed value based on the market value of your mortgaged car
Supplementary information:
Because car mortgage loans are divided into two types: pledged car loans and unsecured car loans. The former can generally get a loan amount of 80%, and the latter can generally get a loan amount of up to 70% of the car. The amount will be carefully considered based on factors such as brand, photo, location, commercial vehicle, and private vehicle. Therefore, the better and newer the car, the higher the loan amount and the higher the success rate.
Extension
1. The materials and procedures required for applying for a car mortgage loan are as follows:
1. Have a stable occupation, and the applicant has ownership of the local mortgaged vehicle.
2. Long-term residence and work in the city where business is carried out, proof of occupation and economic income.
3. Motor vehicle registration certificate, driving license, purchase additional tax certificate (copy), and vehicle purchase invoice.
4. Insurance policy, vehicle and vessel tax, and certificates of imported vehicle related taxes.
5. ID card (customers with non-local household registration must provide a valid temporary residence permit or residence permit).
6. Other documents required by the partner institution.
Some of the bases required by these data agencies will have some slightly different points, but the difference is not huge. Generally, once the applicant provides these to the bank or institution, the information provided by the applicant will be reviewed and evaluated.
2. Car mortgage loan application process:
1. Loan bank information.
2. Conduct home visits and surveys on the applicant
3. The lending bank or institution initially reserves the loan amount.
4. Handle entrusted notarization and loan notarization.
5. The lending bank or institution will collect relevant documents of the applicant.
6. Go through mortgage registration procedures
7. Bank or institution lends money.
3. Car mortgage loan interest
1. If you apply for a car from a bank and the mortgage loan interest rate is determined based on the loan benchmark interest rate issued by the central bank, the mortgage loan interest rate will be within the compliance rate of the loan benchmark interest rate. Starting from 6%;
2. If you apply for a car from other financial institutions, it will be higher. The interest rate plus other fees will be about 18% a year.
2. Which bank can use car mortgage loans?
Car mortgage loan process
1. The borrower fills in the residential mortgage application form before borrowing, and Submit the following supporting documents from the bank: proof of the borrower's fixed economic income issued by the lender's employer; credit certification documents such as the business license and legal person certificate of the loan guarantor; the borrower's legally valid identity certificate; relevant housing ownership documents that comply with legal provisions Or the proof that I have the right to control the house; the valuation report, appraisal certificate and insurance document of the mortgaged property; the contract, agreement or other supporting documents for the purchase and construction of the house; other documents or materials required by the lending bank.
2. The bank will review the borrower’s loan application, house purchase contract, agreement and related materials.
3. The borrower shall hand over the property ownership certificate and insurance policy or securities of the mortgaged property to the bank for collection.
4. The guarantors of both the borrower and the borrower sign a housing mortgage loan contract and have it notarized.
5. After the loan contract is signed and notarized, the bank's deposits and loans from the borrower will be transferred to the house selling unit or building unit specified in the house purchase contract or agreement by transfer.
6. Loan settlement, loan settlement includes normal settlement and early settlement. ① Normal settlement: The loan is settled on the loan maturity date (one-time principal and interest payment type) or the last installment of the loan (installment type); ② Early settlement: Before the loan maturity date, if the borrower partially or To fully settle the loan, an application must be submitted to the bank in advance as stipulated in the loan contract. After approval by the bank, repayment must be made at the designated accounting counter. After the loan is settled, the borrower should present his or her valid identity document and the loan settlement certificate issued by the bank to receive the legal certificate and relevant supporting documents held by the bank, and go to the original mortgage registration department with the loan settlement certificate to handle the mortgage registration cancellation procedures. .
3. Which bank can generally provide car mortgage loans?
Ping An Bank.
The process of applying for a car mortgage loan:
1. The customer provides the materials of the vehicle to be mortgaged;
2. The borrower’s evaluator evaluates the vehicle to be mortgaged Assessment;
3. The borrower and the lender negotiate the value of the mortgaged vehicle;
4. The borrower and the lender sign a vehicle mortgage contract and have it notarized at the same time;
5. The borrower and the lender go to the vehicle management office to register the mortgage and apply for relevant certificates;
6. The lender drives the vehicle to the parking lot designated by the borrower and hands all car keys to the company for safekeeping The borrower will issue a receipt list and pay the mortgage amount at the same time;
7. After the mortgage period expires, the lender will go through the repayment and mortgage cancellation procedures with the borrower, repay the entire loan, and cooperate with the borrower's vehicle management office. Go through the mortgage registration and cancellation procedures and receive the car keys;
8. Release the mortgage after the loan expires.
4. Where can I get a car mortgage loan?
It can be applied at Ping An Bank: 1. To apply for a car mortgage loan at Ping An Bank, applicants are required to prepare a valid second-generation ID card, Household register, personal motor vehicle driving license, motor vehicle registration certificate, personal income certificate; 2. Such as bank statement or income certificate issued by the company, etc. Non-local household registration requires local resident ID card, such as water, electricity and gas tickets; 3. After preparing the information, you can apply for a car mortgage loan at Ping An Bank.