The bank's traditional car loan, its car loan interest rate is quite low, you can buy a car after the billing sales company handles the car purchase agreement and the loan procedures. In some areas, the car was mortgaged first, bypassing the car dealers. Bank car loans can cover all mainstream brands and models.
auto loan
1. Car loan refers to the loan issued by the lender to the borrower who applies for buying a car. Automobile consumption loan is a new loan method that banks issue RMB-guaranteed loans to car buyers who buy cars at their special dealers.
2. The interest rate of automobile consumption loan refers to the ratio between the loan amount and the principal paid by the bank to consumers, that is, borrowers, for purchasing self-use cars (non-profit family cars or commercial cars with less than 7 seats). The higher the interest rate, the greater the repayment amount of consumers.
3. Generally, the loan period for automobile consumption is 1-3 years, and the longest is no more than 5 years. Among them, the term of second-hand car loan (including extension) shall not exceed 3 years, and the term of dealer car loan shall not exceed 1 year.
I. Application conditions
(1) has valid identification and full capacity for civil conduct;
(2) Can provide a fixed and detailed address certificate;
(3) Have a stable occupation and the ability to repay the loan principal and interest on schedule;
(4) Personal social credit is good;
(5) Holding a car purchase contract or agreement approved by the lender;
(6) Other conditions stipulated by the Cooperation Organization.
Second, the application materials
1, the original ID card, residence booklet or other valid proof of residence, and provide its copy;
2. Proof of occupation and economic income;
3 car purchase agreement, contract or letter of intent signed with the dealer;
4. Other materials required by banks or lending institutions.
Third, matters needing attention
First, not all used cars can apply for loans. Only the estimated price is 800,000-800,000, and the down payment is not less than 50% of the estimated price. Strictly speaking, the higher the car price, the easier it is to get a loan.
Second, it is necessary to ensure that the certificate of intent to buy a car, the seller's vehicle title certificate, the evaluation book and the annual inspection certificate of motor vehicles are in good condition, and these certificates must be presented at the time of application. It seems troublesome, but it is not. For an officially registered used car, the preparation of these materials is just handy;
Third, if the loan amount is large, you can choose real estate mortgage loan, on the one hand, the interest rate is favorable, on the other hand, the loan period is longer and the loan amount is more secure; If there is no real estate, but the car loan is urgently needed, it can also be pledged through third-party guarantee or deposit certificate, insurance policy, national debt, etc.