The loan term of the auto loan shall be agreed upon by both parties through consultation. Taking the construction behavior as an example, the loan period of car purchase loan is up to 5 years. The purchased vehicle is a commercial vehicle, and the loan period does not exceed 3 years.

The loan object is a natural person with full civil capacity between the ages of 18 and 60. If the purchased vehicle is for personal use, the loan amount shall not exceed 80% of the price of the purchased vehicle. If the purchased vehicle is a commercial vehicle, the loan amount shall not exceed 70% of the price of the purchased vehicle, and the loan amount for commercial vehicles shall not exceed 60% of the price of the purchased vehicle. Million car purchase subsidy