As the name implies, buying a car with an interest-free loan is to set the interest of the loan to zero, and only need to repay the principal of the bank. However, interest is the profit point of these lending financial institutions. Of course, its handling is conditional and cannot be handled casually. Car loan conditions: no preferential price, long operation process, relatively long time to pick up the car, etc. More importantly, some so-called zero interest rates also require handling fees, which generally require car owners to pay 3% to 9% of the loan amount. Loan target: a group of people with stable jobs and high income who want to buy a car but can't afford the full amount. These people are mainly young buyers under the age of 30. Because of their short working hours and limited savings, interest-free loans are very popular among these people. The other category is some consumers who are good at financial management. Article 13 Determination of loan interest rate: The lender shall determine the interest rate of each loan according to the upper and lower limits of loan interest rate stipulated by the People's Bank of China, and specify it in the loan contract.

2. What are the interest-free conditions for buying a car by installment?

1. Applicants for interest-free car loans need to be at least 18 years old, have certain civil capacity and bear certain legal responsibilities.

Applicants need to have a stable income, which is an important basis for banks to give them loans.

3, the applicant needs to have a good reputation, of course, also need to have a certain ability to repay the loan. Study hard!

Why did the bank refuse to approve all the interest-free loans I applied for to buy a car?

Do you have any other loans, or credit, that is, the total debt is more than your loan company?