How to apply for a car loan?

1. If you apply for a personal consumption car loan from Bank of China, the borrower should meet the following conditions:

1. A natural person with full capacity for civil conduct;

2. Valid proof of personal identity;

3. Have legal and sufficient ability to repay the principal and interest of the loan;

4. Good personal credit;

5 , Hold a car purchase contract, agreement or letter of intent recognized by the handling bank;

6. Provide collateral/pledge recognized by the handling bank or an individual or unit with sufficient repayment capacity to provide a third-party irrevocable joint liability guarantee; or provide corresponding information that meets the customer access conditions of the "Interim Measures for the Administration of Personal Credit Revolving Loan Quotas of Bank of China";

7. Proof of ability to pay the first installment of the car purchase within the limit stipulated in these Measures ;

8. Other conditions specified by the handling bank.

2. Submit the following information:

(1) Loan application form;

(2) Original ID card, household registration booklet or other valid residence documents, and Provide a copy;

(3) Proof of professional and economic income, including but not limited to income certificate issued by the unit, bank deposit certificate, credit card statement, tax certificate, etc.;

( 4) Car purchase agreement, contract or letter of intent to purchase a car signed with the dealer;

(5) Certificates or documents required for guarantee, including list of mortgages (pledge) and persons with the right to dispose of them (including property* **Proof that someone) agrees to mortgage or pledge; proof of ownership or right to use the mortgaged property issued by the competent department, written valuation certificate (a written valuation based on the vehicle invoice price combined with the market published price), and documents agreeing to insurance; the pledged property must be Delivery of pledges or documents proving rights; guarantee contract and relevant credit certification materials in which the guarantor agrees to perform joint liability guarantee; or documents proving that the credit loan conditions are met;

(6) The first installment of the car purchase payment has been paid Relevant certificates;

(7) Other documents required by the branch.

3. Due to certain differences in various regions, you need to consult the local agency when applying for a loan.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses. How to buy a car with a loan

The process of buying a car with a loan is as follows:

1. Select the loan method:

(1) Submit an application for a car loan directly to the bank branch , after submitting relevant materials, wait for the bank to issue a loan;

(2) Purchase a car at a 4S store that cooperates with the bank, sign a car purchase contract or agreement, and submit a loan application to the bank through the 4S store;

(3) Apply for an unsecured personal credit loan, submit relevant information and proof of collateral materials and wait for the loan;

(4) The customer applies for a loan to buy a car through the financial outsourcing website, and the financial institution Go through the intermediate process and the bank approves the completion of the loan.

2. Wait for the bank to issue the loan;

3. Go through the procedures for picking up the car. How can I get a loan to buy a car?

The basic conditions that need to be met to buy a car with a loan include the following:

1. Be 18 years old (inclusive) or above and be a natural person with full capacity for civil conduct.

2. Have a stable and legal source of economic income, and have the ability to repay the principal and interest of the loan on schedule.

3. The personal credit is good, and there are no bad records or serious negative information in the credit report (banks and automobile consumer finance companies will mainly inquire about the customer's credit report in the past two years).

4. Have a certain amount of own funds to pay for the down payment of the car (cannot be funds from a loan or paid with a credit card), and the down payment ratio is generally around 20 to 30% of the total price of the car. Usually the minimum cannot be less than 20%.

If the customer's credit is average, it is recommended to find someone with good credit to guarantee the loan, which can provide appropriate help in increasing the probability of loan approval.

People with poor credit may not be able to get a car loan in a short period of time. It is recommended that customers either purchase the loan in full or postpone the application and spend time building up their credit first.

A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Car consumption loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at their authorized dealers. The interest rate of automobile consumer loans refers to the ratio of the loan amount and principal issued by banks to consumers, that is, borrowers, for the purchase of self-use cars (non-profit family cars or business cars with 7 seats or less (inclusive)). The higher the interest rate, the greater the repayment amount the consumer will have to pay.

Car loan types

Personal loan car purchase business is divided into three types: direct customer loan, indirect customer loan, and credit card car loan. The direct customer type is generally a bank car loan where the customer meets directly for the loan, and the indirect customer type is generally a car finance company car loan where the auto finance company transfers the customer to the customer.

For direct bank car loans, the fees charged are deposit, principal and interest, 3% guarantee fee, etc. The fees for high-quality bank customers will also be discounted, but each bank's preferential policies are different. .

In addition to paying the above fees, a car loan from a Jianke Auto Finance Company also needs to pay regulatory fees, fleet management fees, and warranty renewal deposits

The other is a credit card car loan. Credit card installment car loan only provides installment payment to bank credit card users. It cannot be applied for under any conditions. There is also an review process. It is difficult for credit card users with bad credit records to apply.

The specific steps for credit card installment car purchase are as follows:

1. The cardholder (or applicant) calls the bank's credit card center or goes to the local bank to find out whether he or she can apply for a credit card car. loan.

2. The cardholder goes to the dealer with his or her ID card to fill out the Car Purchase Installment Order on-site, and submits it to the bank's backend for review.

3. When the order is approved, the cardholder pays the down payment and goes through the normal car purchase procedures.

4. After the vehicle has a license plate, the cardholder needs to go through the mortgage procedures with the bank and purchase the required types of auto insurance.

5. Finally, we can drive the car away smoothly.

Loan Amount

The maximum loan amount generally does not exceed 80% of the selling price of the purchased car.

Loan conditions

1. Have valid identity certificate and full capacity for civil conduct;

2. Be able to provide proof of fixed and detailed address;

3. Have a stable career and the ability to repay the principal and interest of the loan on time;

4. Have good personal social credit;

5. Hold a car purchase contract or agreement recognized by the lender ;

6. Other conditions stipulated by the cooperative agency.